/biz/ - Business & Finance

>>54004824
Two more weeks, right, Pete?

The FED won't pivot retarded bull nigger, if they do they would kill my shorts

>>54004824
The heeb who cried wolf.

>>54004824
Jesus does this guy ever fucking stop? A broken clock is right twice a day but this fool has never been correct. Gold stays the same and is the worst form of investment, ever.

>>54004824
>YOU NEED GOLD SERS
>AVAILABLE AT SCHIFF GOLD

Fuck. Shut the fuck up Schiff you are always a bottom signal.

>>54004840
It's almost like Austrian Economists are clairvoyant or something

>>54004824
this gold salesman has been predicting collapse since occupy wall street was happening.

>>54004824
TWO
MORE
WEEKS

>>54004824
.

.

>>54004885
>Comparing Schiff to fucking Mises

>>54004824
doesn't peter schiff's asset management fund lose money every year?

>Didn't short at 9.1% inflation
>Shorting now when inflation about to drop to sub 6%, Unemployment rise and rates are at decades high

>>54004824
I can't tell if were crashing up or down at this point

>>54005019
That's always been a midwit indicator. Not expecting everyone to read a treatise, but at least the calculation article or the fucking pamphlet by the original guy who actually was an economist..

People are gonna open a lot of shorts and they're gonna get assblasted

>>54004824
shifty schiff strikes again shilling boomer rocks.

but btc for eternal love

>>54004824
Gold is never going to soar. There’s no reason for it to.

>>54004840
FEDs gonna do max pain

>>54004988
it must hurt so bad when he is right and the zoomers are wrong.

>>54004824
Schiff is just peddling gold with this Tweet. He is giving the best scenario for gold holders. The Federal Reserve will not pivot because that means the dollar DIES. They will let it all crash and burn so long as the dollar survives until the Central Bank Digital Currency migration plan.

>>54005164
not as much as you are losing right now

Pivot cooming soon (tm)
>Check’em

>>54005453
If the currency collapses then Gold is indeed the best option.

>>54005453
nah, the dollars biggest strength is its liquidty
in a financial crisis, people flock to the dollar, KNOWING the fed is going to print the shit out of it, because that means they're flocking to the one asset with liquidity
if the fed didn't print, the dollar would be worthless

Everyone will be surprised about PMs tanking hard when the financial institutions dump their gold along with all retail traders to cover their debts.
We're going to see a big drop in gold if banks start going insolvent before it actually goes up.
US dollar is going to be the most valuable thing for the foreseeable future. Long way until people lose faith in it.
In fact everyone from collapsing countries are running into it at the moment and they can't get their hands on enough of dollars.

>>54004824

>>54005383
>Gold is never going to soar. There’s no reason for it to.

It already has. Ever since the decoupling of gold to fiat, the more time goes on the more fiat is needed to buy the same weight of gold. In the UK for example, a sovereign coin is known as a pound coin, but today you need roughly 370 fiat pound coins to buy 1 sovereign pound coin. What's interesting this time compared to the past is that the rate of inflation is faster, as inflation always is due to acceleration stacking. You can see it in this graph how the pace is greater towards the end of the graph than it is at the start. There's only so many market tricks you can do before it implodes, as we have seen with all fiat currencies in the past.

>>54005550
>>54005579

>>54004824
You have to give him credit, he's been say this every day of his entire life

>>54004972
>Okay, boomer.
FFS they never shut the fuck up.

>>54005280
That's what they're doing right now. Simply waiting for the amount in shorts to grow just enough.
That's when they'll blast it right back up

>>54004824
>gold is going to soar guys trust me guys gold so going to sky rocket my zoomzoom kiddo cant be right about buttcorn hahaha what does some dumb kid know

>>54004824
Pivot and QE? Fucking retard trying to pump his gold bags

>>54004959
>BTC currently dropping below $20k
What's your point, bud?

>>54004869
>Gold stays the same
that's an exaggeration. Schiff is retarded if he actually thinks the Fed will publicly pivot in the next three weeks, though. The Fed is already doing soft QE through giving banks hundreds of millions a month from money those banks have parked there.

>>54004824
>jew who sells gold claims gold price will go up
Amazing insight, thanks op
Eagerly awaiting for your next Twitter screencap thread where you'll report that burry is shorting everything and cathie is buying more tsla, saylor buying more btc and jerome is claiming soft landing

>>54006030
Aaaand like clockwork

>>54005550
>nah, the dollars biggest strength is its liquidty
>in a financial crisis, people flock to the dollar, KNOWING the fed is going to print the shit out of it, because that means they're flocking to the one asset with liquidity
>if the fed didn't print, the dollar would be worthless
They are flocking because all other currencies around the world are linked to the US dollar meaning it will be the last fiat currency to implode. But then it comes to the point where no one has anywhere else to go other than commodities. That is game over for the US dollar. Besides, governments around the world are already in the process of dumping fiat currencies for CBDC when they get it up and running. People who leave their wealth in fiat currencies will be left holding a bag of worthless numbers.

>>54006030
zoomer with zero life experience, knowledge, insight, patience or even the ability to read more than 3 lines of text in one sitting, eagerly defends his digital tulip which he put his whole life savings of $2000 into. Great insight!

There are children participating in this market, who criticize shiff, who loft money to FTX who have not watched this:

https://youtu.be/YaNXa4yLv-w

which jew do you trust? dickheads

>>54005698
the uk is a fucking joke

>>54004840
actuallly when they pivot is the best time to short because they only do it when they admit everything is fucked as hell.

That's why they came out so dovish in february

>>54004824
Bottom signal
Bottom is in

>>54006193
>btc keeps crashing

>>54004885
Ludwig Von Mises wrote in Human Action that nations ALWAYS pick inflation in a debt crisis.

>>54004840
recessions typically start after rates peak

>>54006181
>the UK is a fucking joke
Pot, meet Kettle.

>>54006239
Explain what is wrong about this.

>>54004824
Soooo… 30k next week right?

>>54004824
>THE SKY IS FALLING THE SKY IS FALLING THE SKY IS FALLING THE SKY IS FALLING THE SKY IS FALLING THE SKY IS FALLING
This faggot has been screaming this shit on the top of his lungs for literally over a decade.
I think he just gets off on being a doom and gloomer.

>>54006455
Savers are always punished.

>>54005164

No....gold is a pretty stable asset to hold.its not the most profitable butb I assure you hasnt lost money..

please post moar schiff memes for keks

>>54006487
Reminds me of Max Kaiser.
But again, if someone would approach me in 2018 and say
>anon the usd will lose half of its purchasing power by 2023
I would laugh and wouldn't take it seriously.
Yet here we are.

>>54004824
1 percent rate hike confirmed

>>54004869
Gold isn’t an investment you stupid faggot. It’s money.

>>54004824
Hooknoses tell you the opposite. They have a religious obligation to satan to lie to the masses

>>54005164
>>54006513

Doesn’t matter what Peter schiff’s fund does. He’s fundamentally right.

And gold is money… you don’t profit off it per se. Gold price going up isn’t the same thing as Amazon stock going up. Gold going up is just tracking the dollar losing value.

Everyone in this thread needs to shut the fuck up.

>>54006672
No

>>54006672
NIGGER

Peter has been calling for the crash every week since 2008. When things finally crash he will say "I was right, goyim"

>>54006708
not a crash, the mother of all crashes and the return to gold. something you believe is an impossibility, and something he’s claimed for decades is an inevitability. when he’s proven right, you will say “even a broken clock is right twice a day” while you are penniless and he sits on a kingdom’s worth of treasure.

>>54006239
S&P 500 1933: $7
S&P 500 2020: $3,200
BTC in 2013: $13
BTC in 2020: $10,000

>>54006063
I’ve been busy this week, what’s been happening that causing all this doompa?

>>54004824
bottom signal

>>54008133
I’ll top you if you keep sending me gay signals