Peter Schiff laugh thread

Sadly because a broken clock is more right than the average investing sheeple.

I don't need to understand it. It's a pyramid scheme. Be the last retard holding worthless internet currency and you lose. People only buy bitcoin because maybe in the future some retard will exchange more dollars than they paid for it. It has no uses aside from buying drugs and CP on the deep web.

this
gold is for people who made it and want to keep it. bitcoin is for gamblers who speculate. anybody who denigrates precious metals doesn't understand its fundamental purpose.

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To be fair gold is 1850

Lmao
Stay poor Schiff

he is getting cucked every day by btc pa

wrong. pic rel has.

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>austrian economics
>the complete fairytale asspulls on a bunch of pseudo intelectuals

bitcoin is just a much better store of value than gold anyone that did proper dca can attest to this

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The only reason I have a lot of gold today is because I invested in bitcoin. Low info high emotion skeptics can get fucked.

I don't even like Schiff
Good strawman though
I'm sure you'll get rich buying epic internet coins. Like I said, you get into shitcoins, and then you have to avoid being the last retard holding the bag.

I'm not sure if you're too fucking stupid to get the joke or not, but the bit was that "intrinsic value" is something Schiff just pulled out of his ass to shill gold and has nothing to do with Austrian econ (which he'll quote regarding other stuff). If you're some faggot redditor idc.

Imagine thinking you're an intellectual for comparing Bitcoin to shitcoins lmao
I bet you also thought Facebook was gonna be worthless because Instagram, Snapchat and WhatsApp exist

He shills for it as a store of value, not necessarily as an investment. Almost no one here makes enough to even worry about. Everything he's been saying about the dollar is right, it's just that has has vastly underestimated btc. He might be right in the end about it tho
Gold has had a pretty good year.

>mines away your scarcity
Heh nothin personnel kid

All virtual currencies are shitcoins, they are backed by nothing and are essentially ponzi schemes. Keep straw-manning and providing no arguments though

nice way of looking at it

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i bought gold and hasnt moved
if i had bought btc instead i would be up up
fuck this boomer rock scam

Most so called shitcoins are stock except instead of owning the company you own the product. They fail if their product has no value but a few of these products have lots of value.
The sooner you break your emotional attachment to gold the sooner you’ll be rich.

gold isn’t backed by anything

it’s a rock

Shares in a company with workers and actual assets are different to internet virtual funny money, try again.

let me fix that for you
>gold is a store of cope and bitcoin is a highly lucrative asset that has eclipsed gold far beyond Fuckface Schiff's snivelling and screeching while it went all the way to $9k+
there ya go
now it's true!

all ponzis eventually end the same way

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