Home Altcoins News Bitcoin (BTC) Has A Zero Weighting in My Portfolio Per Peter Schiff

Bitcoin (BTC) Has A Zero Weighting in My Portfolio Per Peter Schiff

Bitcoin (BTC) Has A Zero Weighting in My Portfolio Peter Schiff

Michael Saylor pointed to an interview of Peter Schiff with Antonio Pompliano:  “Gold is a small part of my portfolio.”

Peter Schiff in the past:  Why? I have always recommended 5% -10% of a portfolio be in physical gold. That’s a small part of a portfolio.

And Bitcoin has a zero weighting in my portfolio. However, if you included the rest of my comment, I said that a large part of my portfolio is gold mining stocks. Those stocks own a lot of gold reserves still in the ground.

Michael Saylor:  Gold miners are sellers of gold, not owners. They don’t believe in gold as money. If they did, it would be their primary treasury reserve asset.

Community Response:  Schiff does not make money owning gold, he makes money selling it.  Yep Schiff Gold, few people know he has a gold bullion company.  Yeah, come to think of it, he owns companies that sell gold.  Gold promoters don’t own gold.

I bet bitcoin is a big part of his portfolio. But of course he won’t admit it because he’s a gold salesman.

The more they talk about gold positively, the lesser they intend to buy and hold. The majority of asset in their portfolio is Bitcoin.

And the data suggest that those who do own any gold use it to expand their fiat credit, by using it as margin collateral.

It’s a small part just in case if time travel is invented during his lifetime so he can travel back in time to sell it for Bitcoin.

Think we’re definitely living in a simulation. It’s really hard to digest this otherwise.  Even Peter Schiff realized Gold isn’t a large allocation in major portfolios.

If it’s the government asking money, it’s called taxes. If it’s you asking money, then it’s deemed a robbery. If it’s the government printing money, it’s called financial policy. If it’s you printing money, it’s called criminal offense.

Bitcoin things, sometimes out of the blue. Time in the markets.  Timing the markets.

Bitcoin not only saves but increases your purchasing power tremendously. Start measuring your wealth in Satoshi’s not dollars.

Can we now stop talking to Schiff about gold? It only gives him the attention he seeks. Thanks.

Peter’s Bitcoin bags are loaded, he’s simply trolling us, just wait and see.  Of course, he is a seller not a holder. He will gladly sell you all the gold you want to buy and will take all kinds of payment.

 

 

 

Read more about:
btc
Share on

dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.

Get the latest updates from our Telegram channel.

Telegram Icon Join Now ×