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Peter Schiff shared: Perhaps the Fed is relieved that Russia invaded Ukraine as now it has an excuse not to raise interest rates in Mar. If it wasn’t this, it would’ve been something else, but this one’s hard to top as far as excuses go. Gold spiked 1.5% and Bitcoin dumped 5.5% on the news.
Community Response:
Bitcoin didn’t dump on the news. Technically, bitcoin was about to dump.
Bitcoin went from 3,500 dollars to 35,000 dollars in less than 2 years. GOLD up 18% in the same period. Hmm, wonder which one did better? 1,000% or 18%. Basic math is something you struggle with.
One is propped up by a Ponzi scheme called tether and the other is an actual physical asset with real value.
One is propped up by a Ponzi scheme called tether. The other is propped up by a Ponzi scheme called the US dollar.
I’ll take a Ponzi accepted in every country in the world and back the world’s oil rather than one barely being used in one tiny Central American country for transactions. Good for you man! I’ll continue to load up on BTC when I can. I mean gold and property are good investments. But compared to BTC they pale in comparison.
Digital assets plunging. So let me get this straight you spent the time to meticulously pull all these headlines to tell people about a dump that already happened.
Gold is your boring but predictably reliable older brother. Never gets into fights. Never rocks the boat. It’s good.
BITCOIN is your handsome younger brother in college. Wild child. Sometimes he’s up and sometimes he’s down but he ALWAYS leaves with the head cheerleader.
Johnny is down in BTC and a little bit jealous. If we talk bad about BTC people get mad, and now are the mad people predicting the gold chart, but they don’t own gold and don’t know how the asset works. Great job Einstein.
I don’t own BTC. Even if I had, you misinterpreted what I wrote. Of course, Bitcoin went down because that’s what garbage does. I have no words.
That’s the look of the guys who watch on the side lines.
Yes, the look of someone is far smarter and better looking than you. Now I’m watching you fall off a cliff, how’s that side line feeling?
Of course, you make this about gold in bitcoin. There’s a war peter call Spencer and tell him you love him.
Friend, gold broke the trend line. It’s ATH in EUR. I feel sad for you that BTC is 50% down since ath a few months ago. I don’t want to hear excuses I am since blabla, I bought for blabla. The reality is, gold broke the all-time high trendline and BTC is down over 50%.
Might want to check when that trend line you referencing was first formed and the price of BTC since that point and come back with the results please.
Lol, bought gold at 35k 3 years ago, top at 55k sold it, buyback in the dip, and is now ATH. Think about that.
Only people in gold would be happy with less than a 2x in 3yrs.
Only people in BTC are crying every day when they are down 50%. Gold is a very good investment for inflation, it’s nice to flip and get rich with it, but it’s different than the hopium boys of the bitcoin clan.
You don’t flip gold, you store money in there to stay the same and get eaten by inflation long term, nobody in BTC is crying just you’re infatuated by it.
With everything happening, you only care about the rise and fall of Gold and Bitcoin.
Enjoy Peter because once the dust settles gold will be back to where it was 6 months ago or should I say back to where it has been for the last 10 years – stuck in a narrow range not beating inflation and therefore not storing value.
FED has to raise rates now more than ever before since inflation will go up even faster as a result of this war.
