/biz/ - Business & Finance

>>58377678
>just hold until after election
we are going to have stagflation post election

>stocks down
>Gold up
Schiff bros..
our time has come

We wont be doing this again now will we? Lets call all that money you lost "price of tuition"

>By that definition, gold too is a ponzi.
No, gold clearly fails to satisfy that definition on two counts.

First, few if any gold investors have expectations of profits. They generally invest in gold as a hedge -- a "store of value" -- that they hope will retain its value in case other assets go sour.

Second, as a commodity, gold HAS a source of revenue besides the investors; namely, the purchases by consumers like jewelers and industry, who take gold out of the market (2/3 of the production) for uses other than re-sale. When one buys 1 oz of gold, one gets a chip of a metal that one can sell to those consumers, and thus obtain some money that does not come from other investors.

(Nevertheless, investing in gold at the current price seems unwise, since its price is many times its "natural" price as commodity and so it is more likely to go down than up. Thus it is questionable, to say the least whether it is a good "store of value". But this problem is not enough to make it a ponzi.)

>By that definition the USD is a ponzi.
No, national currencies too fail to fit the definition, because people do not "invest" in them with the expectation of gain. In fact, governments make their currencies slightly inflationary precisely to discourage hoarding.

cont.

You had 4.5 billion years to accumulate

>>27115409
>Keeps
thanks for the recommendation fren
if i keep losin ima play it for keeps

>>25512780
I'm convinced Schiff actually owns a fuckton of BTC.
He FUDs it because he owns a gold dealership and wants to redirect people toward his own business. It's no different than the salesman at the Toyota dealership telling you that the Hondas at the dealership next door suck.

fucking rat kike

>>21143858
https://schiffgold.com/

how will the new generation of 20 year old PMps rule society when the fiat monetary system collapses?

>>16594629
You didn’t listen.

>>16477880
Real world is sweat, grease, weight, grit, wrinkles, fat, pain, darkness, blood and suffering, you anime animals.

Your nerdy logic is utterly irrelevant there.

They got fearful armies who will not risk accepting your memecoins when sent after you with deadly force mandated.

Millennials aren't even history.

>>16379001
You were early.
>Terrible as money
>Terrible as store of value

why would anyone buy bitcoin? I'm slowly turning into Peter Schiff.

>>16307565
It will all revert to the mean when clown world collapses under its own weight, anon

and gold

Food & Shelter

This has obviously hit the top, sell now. It will go the way of "incel" and all the investors will lose everything because it's a bubble and never had any good fundamentals cause lets face it, it isn't funny. Stop making fun of boomers. We created this country and you pitiful millenials just can't take responsibility for anything. Get a JOB, losers!

Silver > Gold

Peter Schiff's Twitter: @PeterSchiff

Peter Schiff YT & Podcast:
https://www.youtube.com/user/SchiffReport

Save yourself from the next global economic collapse:
https://www.youtube.com/watch?v=iFDe5kUUyT0

Crypto: 'Bigger than the Housing Bubble'
https://www.businessinsider.com/next-recession-peter-schiff-next-one-worse-than-housing-bubble-2019-10

Peter Schiff on QE:
https://moneyandmarkets.com/peter-schiff-qe-fed-roach-motel/

Previous thread: >>16072751

Silver > Gold

Peter Schiff's Twitter: @PeterSchiff

Peter Schiff YT & Podcast:
https://www.youtube.com/user/SchiffReport

Save yourself from the next global economic collapse:
https://www.youtube.com/watch?v=iFDe5kUUyT0

Crypto: 'Bigger than the Housing Bubble'
https://www.businessinsider.com/next-recession-peter-schiff-next-one-worse-than-housing-bubble-2019-10

Peter Schiff on QE:
https://moneyandmarkets.com/peter-schiff-qe-fed-roach-motel/

Previous thread: >>16048901

Silver > Gold

Peter Schiff's Twitter: @PeterSchiff

Peter Schiff YT & Podcast:
https://www.youtube.com/user/SchiffReport

Save yourself from the next global economic collapse: https://www.youtube.com/watch?v=iFDe5kUUyT0

Crypto: 'Bigger than the Housing Bubble'
https://www.businessinsider.com/next-recession-peter-schiff-next-one-worse-than-housing-bubble-2019-10

Peter Schiff on QE:
https://moneyandmarkets.com/peter-schiff-qe-fed-roach-motel/

>>14985955
>he fell for the $1000 meme

Schiffbots: activate

Im ready for hyperinflation :D