Bitcoin (BTC) 555 days up 300% and putting in higher highs Shiny Rocks Not Great Hedge

Peter Schiff shared: Gold continues to rise under the radar. It’s now above 1,835 dollars less than 2% below its Nov. high. Yet gold stocks still need to rise more than 10% to return to their Nov. highs as investors are too distracted by the bear market rally in Bitcoin to notice the bull market in gold!

Community Response:  Gold can’t be in a bull market if it hasn’t outpaced inflation. Every gold investor is losing money!

Gold 555 day downtrend after losing 50% of its value in the most inflationary period in history. Bitcoin 555 days up 300% and putting in higher highs baby.  Shiny rocks failed as a hedge.

I think we can easily hit 2,000 dollars by 2030 with a little luck.  Adjusted for inflation it will be $1,000.

Yes, Peter gold is now only 99.99% down against Bitcoin. Investors must be thrilled!

Wasn’t gold at $1,800 like 10 & 20 years ago also? Great return.

Gold is up over 500% from 20 years ago. It was ~$300 10 years ago it hit an ATH before dropping to under 1100. But it’s up % by 50 in the last 5 years and the ATH from 10 years ago appears to have become support over the last year.

I think Gold is telling us that all is not well and Credit markets could be next to implode and this is a fools rally in risk because it is defying much higher real rates …BTC has decoupled over the past week and followed Gold. There is room for both in a risk of the portfolio.

Congrats Peter! Your gold buyers from 2012 are almost in profit! Any year now. Oops, forgot to account for inflation. Maybe next decade?

Hahaha, TEN YEARS LATER your GOLD from 2012 ($1800) is finally back to break even…until your account for inflation. Whereby it SHOULD be at $2200 if it had even just MAINTAINED its PURCHASING POWER (cool “SOV” you have bro).

This lake is dead because of chemicals used to find/process gold at the mine. I don’t think bitcoin is killing lakes with acid. Imagine if it did. Or if children were used to mining bitcoins. Peter would be all over this. But that s gold. So it’s ok.

It’s almost back to where it was a decade ago! Well, if we adjust for inflation then it still has a long way to go. Sorry, Pete, must have been a painful decade.

It’s almost as if he’s trolling himself.  He was relevant before he started talking about Bitcoin on a regular basis.

“Stays relevant”.

It doesn’t matter if bitcoin went ‘up’ 1,000,000%!  A 2% gold rally is worth Infinity more because bitcoins true value is ZERO!

I’d rather leave my money in a bank account than tickle my pickle over 0.02% intraday returns.

The bull market in gold? Let me think, the last bull market as I can think was from 2001 until 2011 nearly 10 years of the bull market, now gold is 10 years in a bear market.

Remind me when Gold actually keeps up with inflation. How can you be wrong for 9 years and claim anything?  Gold will shoot up but I bet my money on physical gold, not paper.  Secondly, I buy Bitcoin whenever I think of going and buying gold.

Everything is being digitalized anyways, it’s proven u don’t need to carry fiat around, Majority big banks understand.

It reached $1,920 in Sep 2011.  So, it still needs like 5% to reach 2011’s peak without even counting the crazy inflation that we had in the last decade.