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Peter Schiff Shared: A Runaway Inflation Freight Train the Fed Won’t Stop.
Earlier Peter Schiff states that positive real interest rates are the only way to fight inflation.
“That means rates have to be higher than the CPI. This will cause people to borrow and spend less, and save more. But it will also cause another financial crisis, which is why the Fed won’t fight inflation!”
Community Response: Ok. So why isn’t GOLD going up??? (You have been advising to stay away from US equities for past 10 years, during which Nasdaq became 10x.) Pls. can you reply: What is your recommendation for investment this time and what’s the timeline and reasoning? Thanks.
Paper gold and silver is nonsense, there is more paper than real; it’s just a joke. Buy real and honestly you don’t want gold going up a lot fast. You really don’t.
Maybe to roll a cig, but not much else. Guess what. Paper will continue to control physical lmao.
In your head it does. I have six friends in the business of gold and silver and they all sell at premiums to the paper. Your defence it can go down as the fraudulent paper moves. But there is still a premium. Most people know it is a joke.
I buy low sell high paper trading. A shiny physical coin does nothing.
Well if that’s your game, that’s good for you. Keep on trucking, man.
Yes. Please stick to getting the bitcoin message out to your followers. Include the word “Bitcoin” in your later tweets today. Thank you for all your hard work introducing the masses to Bitcoin.
What really sucks is inflation up 6.5%. There is no way in hell I am getting a raise soon. So basically I took a 6.5% pay decrease in the current economy.
All asset bubbles will pop before they take action again. Deflation is short term. Hold.
But gold is not performing, it dips with whole market & also without market.
Brilliant. Thanks. See, you can do an excellent job if you just leave the Bitcoin topic aside (or leave it to your son). Not complicated.
You mean the bitcoin train. It won’t be that hard to stop, will it?
AND YET GOLD AND SILVER CONTINUE TO PLUNGE…you fund at NEW LOWS. Metals are not a Hedge IN A RIGGED MARKET. BANKS WILL NOT ALLOW GOLD AND SILVER TO RISE. You are Destroying people’s retirement down OVER 30% THIS YEAR.
This is the big bitcoin train coming to send everybody to the Moon.
Inflation is bad. Can you stop it? Buy Bitcoin! Private money is better than government money.
So, Peter why aren’t investors buying up gold as a hedge then? Couldn’t be because they rather have BTC is it? BTC green + 2100 and gold is red will GOLD hit 2100 dollars.
Becomes a freight train from HELL with no brakes. BTC UP TODAY, GOLD DOWN!
They’ll put on a decent charade soon for their sponsored and trusted news service to run with. Peter stay in your Gold Lane. Your train metaphors are not great.
