HAHAHAHAHAHAHAHA IMAGINE BEING PETER SCHIFF RIGHT NOW
HAHAHAHAHAHAHAHA IMAGINE BEING PETER SCHIFF RIGHT NOW
Aiden Turner
Eli Sanchez
Do they unironically believe that their gold will be worth anything in an apocalyptic scenario?
Justin Cox
Boys…I think I’m in love.
Jonathan Nelson
It's not for the apocalypse, it's for temporary recessions and inflationary events.
Kevin Gomez
SHE'S MINE FUCK OFF
Check PMG. Some unironically do.
Nathan Powell
Yes unironically. Have fun with your paper though
Nicholas Gonzalez
Gold is to make it over a border if shit hits the fan bro
Aiden Wilson
Isn't it oil that'll be the most valuable asset?
Julian Peterson
I unironically sort of agree with Peter Schiff on BTC right now. Its a shitty tech stock that only has value from the Fed pumping money into the economy. In theory gold SHOULD continue to act as a store of value, but since we know the Fed will always be there to print and bail out the market, the infinite money printer IS "fundamental" right now and the real risk under the infinite money printer regime is not being invested enough into profitless tech that benefits the most from the Fed.
Angel Rivera
Bitcoin maxis are still annoying though, even though I'm 100% on their side
Eli Flores
No, it's water purifiers, crops, tools, and guns/ammo
Jose Adams
The problem is actualizing the hundreds of trillions of dollars worth of losses. Are you so sure you want your capital invested in... 'nothing'? There will come a time for crypto, but I bet you all get blown the fuck out when it's time to start divvying up the losses.
Nicholas Green
more like peter shit lol
Lucas Rodriguez
literally zero purpose in having gold in an end of days scenario
this
Jews will be selling seed packs for 1 oz pure gold in an apocalypse scenario. Doomer goldstackers are peak retard
Jaxson Richardson
people like a schiff and taleb who fixate on price action can't see the forest for the trees. CEXes are very different markets than those they are familiar with, they are not free markets, and price action on CEXes has nothing to do with the value proposition of the assets involved. if tradboomers knew what crypto can and will do, they would know how undervalued it is even now
Cooper Young
BTC has no value proposition lol, it only goes up because the Fed keeps pumping more and more money into the economy, it behaves like a profitless tech company. Almost everything crypto does, it does worse than an actually existing institution.
Luke Martin
>h-hey kid want some gold?
>no fuck off we're trying to fix the internet
Jack Morris
how do I use money online without giving my identity? retard
I'm a programmer, not using proprietary garbage either
Brayden Morris
Anyone can trace your identity to a fiat onramp unless you use Monero or a mixer. What has Monero or any privacy coin, done since the 2017 bubble? No one cares about Monero anymore. People aren't buying crypto for privacy, they're buying because it goes up due to brrrrr.
James Bennett
their little shiny kit kat bars won't save them lmao
Ryder Morales
no, not anyone can. triple retard. maybe governments can if they really wanted. I don't care. I just don't want to deal in any way with people like you with the risk of leaking my identity, do you understand that?
Lincoln Morgan
good luck keeping it in your possession while you flee you cowardly cuck
tyrone gonna rape your ass and steal your shiny rocks
Grayson Myers
>jews are high IQ financial geniuses they said
Jason Clark
reminder that the single data point we have for the fed raising rates was bitcoin growth
Hunter Diaz
pic related won't save your sorry ass lmao
Joshua Reed
Random people don't care about your online identity doing transactions so your point is basically moot kek, if someone wants to find your identity it is literally trivial with a public ledger unless you are using Monero. Outside of Monero, all the "applications" that "developooors" or "buildooors" are working on are worse versions of something that already exists, ponzis, VC scams, or some combination of all of the above. This is not a recommendation against buying crypto of course, when the Fed keeps printing, tech is the best investment class, even if its useless.
It also crashed 50% from 6k to 3k during the 2018 correction when the market decided the Fed was going too far with its tightening campaign. It's following the NASDAQ, broadly speaking. The difference right now is that the Fed has printed so much money and inflated to such an extent that even small rate hikes will crash the NASDAQ.
Ayden Howard
He is an actor, he has tons of cryptocurrency. He just pretends to hate it for subversive purposes
Robert Bell
>In theory gold SHOULD continue to act as a store of value
No not in theory either. Bitcoin is easier to use as money. It has better security, divisability, portability. And most of gold's price is people speculating that maybe someday it could be used as money again, when Bitcoin has already been a functional currency since its inception.
Connor Adams
I would argue that TQQQ is a better store of value because we know the Fed is going to come to the rescue if stocks ever go down, it will benefit from inflation and the Fed, and there's no regulatory risk. Obviously the upside of TQQQ is lower than BTC or ETH, at least for now.
Dominic Miller
>if only the government forced interchangability of gold with fiat, gold would be worth something
Wyatt Price
>Iitecoin
Wow. And these boomers stations wonder why they are dying.
Christopher Price
it will be after the apocalyptic scenario, like it always has