Debate: Bitcoin vs Gold with Anthony Scaramucci and Peter Schiff
HTML-код
- Опубликовано: 18 окт 2024
- This debate is a part of Intelligence Squared Crypto a new series from Intelligence Squared debating the rise of cryptocurrency and future of money.
Since the world economy was plunged into crisis due to COVID-19 many economists have predicted a period of great instability. In normal times, investors would seek to hedge against volatility by buying gold. But this time, some are putting their money elsewhere - into #Bitcoin and other digital assets. And that raises a fundamental question: will Bitcoin or #gold be the trusted store of value and asset of the future in a time of rising #inflation?
Anthony Scaramucci and Peter Schiff go head to head to debate. The host is Anne McElvoy.
Subscribe to Intelligence Squared on RUclips: / @intelligence-squared
WHAT IS INTELLIGENCE SQUARED+?
Intelligence Squared+ brings you live, interactive events online every week. You can ask your questions to our speakers, vote in live polls and interact with other members of the audience. Your subscription will give you access to multiple events, live and on-demand, featuring the world’s top thinkers and opinion formers.
Subscribe to Intelligence Squared+ today: www.intelligen...
✅ Invest like me: schiffradio.co...
💯 RATE AND REVIEW on Facebook: / reviews
🔔 SIGN UP FOR MY FREE NEWSLETTER: www.europac.com/
⭐️ Schiff Gold News: www.SchiffGold....
📘 Buy my newest book at www.tinyurl.com...
👉 Follow Peter Schiff on Facebook: / peterschiff
👉 Follow Peter Schiff on Twitter: / peterschiff
👉 Follow Peter Schiff on Instagram: / peterschiff
Peter literally has Intelligence coming through his forehead
I really don’t think you are kissing ass. He is crazy smart. Very clear.
Ha!
Mooch is now trying to mooch Schiff audience... to grab customers for the NWO. I'm not buying.
Ashkenazi jew
I see intelligence squared
Schiff knows his stuff inside and out, but Scaramucci... well, things went over his head it seemed. Honestly, his claim that we're the last industrial country that still has "white dead males" on its currency (not even five minutes into the whole thing) just killed it for me. He needs to get out more.
He should put a black dead male on a picture of BTC.
Korea has Koreans from past dynasties on their currency. China has Mao. Japan has dead Japanese males. Countries put historical figures on money. I was shocked to discovery white men dominate the founding and development of the United States. And they're dead!
@@NGC-gu6dz they're putting a dead black lady on one of the notes soon.
How disrespectful is that, to ignore the significance and achievement of a person and just call them dead, insert skin color and insert gender.
Ditto. Can we have a discussion about anything without the stupid virtue signaling? Smh
Well one of them has been right for the past ten years while the other one has been wrong
Scaramucci lost me at "dead white men".
Same here. Virtue signalling. Then later, he blames the Boomer generation for everything bad. Seriously? The generation that had the rug pulled out from under them by likes of Kissinger, Zbigniew Brzezinski, etc. in a decades managed decline? No wonder he lost this debate.
They’re called the Founding Fathers
I have nothing against putting a black mam or woman on the US currency. I don’t want the founding fathers to be taken away, or any of the other “dead white men.”
I think it honors them to add great American contributors of color. However, does Africa have white men? Does Mexico have Europeans on their money?
Yet, it’s only the face baiting leftist that obsess over these kind of things.
Those dead white men are only the founding fathers of the most powerful nation in history
he missed to underline that they were also *straight* white men :-)
They should have had Schiff argue bitcoin and Scarramuch argue for gold - Schiff still would have won...
I'd REALLY like to see this
Yup, probably true, Schiff knows his opponents arguments just like his own. One of the last real debaters out there.
That's brilliant! I'd love to see it.
Schiff has been debating bitcoin since it was under 100usd. Now that bitcoin is is over 40k usd it’s very clear Schiff is winning the hearts and pockets of investors!😂😂😂🤣
Peter is to intellectual firepower what Chuck Norris is to kicking tail.
Too master ba tory 👎
@@danielacaster110 I don't get it. Is that something homosexual? 😂
@@Cokie907 no you are beating your own meat thinking of Peter schiff and it shows
Did that guy just said woke silly stuff about white faces printed dollars ? 😂
It should be animals/landscapes on money not faces. It’s just poor judgment.
@@christopherhernandez3909 huh?
Most coins have monarchs, emperors and rulers on them.
America chose the men that founded the nation and made it great.
@@AY-vi2ld Founded? Yea they "founded" it alright.
@@andybay2669 Yes. So what are you saying?
"Our identities ARE GRANTED TO US BY THE GOVERNMENT". - Smucchi
THAT is where you lost me completely.
@@chadwickfairbanks Part of the weird issue with crypto scene are the attention seeking grifters spoiling things, and turning people away.
he talks a bunch of nothing, speculating about future and all that nonsense, doesn't mean anything. Peter just talks facts and common sense that's why he won the debate
@@sten260 the bitcoin arguments are always the same… “more people will buy it so better buy it now” . Sounds familiar
he's still right though, your passport is assigned to your by government at the date of your birth. they own your identity
@@chadwickfairbanks Yep, he's just a shill. I'm getting strong sociopath vibes off him. Not unlike Jordan Belfort. He probably knows that Peter is right but just wants to profit from the crypto hype.
"Value" in the moment does not equal a "store of value". FB and AMZN will be gone one day. Gold is here to stay, an indestructable element.
Humans will also be gone so how does it matter what people buy
The problem here is your stock portfolio can be seized at any moment. Do you really own the stock if it can be taken from you? You could say that gold in your possession cannot be taken from you, which is true, as long as you can defend it properly, but try boarding a plane and let me know how that works out for you. Bitcoin is the only asset in the world that if you hold it, no one can take it from you. You can store it in your brain, which is even better than storing it under your bed
@@pablo369 Except to redeem it you need access to electricity, a computer, and an internet connection without a governmental firewall.
@@HughesEnterprises I'd rather deal with that than deal with gold that has been taken over by a cartel and is now highly manipulated and you have to rely on third parties to verify the authenticity
@@chadwickfairbanks and that right there is the problem. Only wealthy people can escape. You don't give a fuck about grandma or anyone else who has to deal with customs and border patrol, which is why they will be using bitcoin. Gold is a massive failure in this regard, as are you
McElvoy needs to talk about 90% less.
I believe Anthony had his ass handed to him ..
A great debate from Peter and Anthony. Let's see if Michael Saylor takes up the offer to be your next opponent!
Thanks for watching
I appreciate that question.
Send a direct msg right away
+①=⑤=①=⓪=④=③=⑧=③=⓪=⑨=⑧
What’spp........
Hit me up directly for further assistance on crypto earning....
Lol he’s too busy doing crack
Lol Peter schiff will be a laughing stock! 😂😂😂
@@bahmak2003 and all youtube hodlers will be billionaires😂😂😂
Even when he is trying his best to be serious, thoughtful and polite, Scaramucci comes across as such a sleazy, untrustworthy individual.
Lol so true. A democrat corporate
Hmmm....perhaps...I don’t know him well...I will certainly say he would be an excellent mercenary (but better be sure you pay him well, cause he looks the type to take higher offers)
@@greeneyes7392 haha wow, one of the most elegant ways of saying 'Fuck you' without actually saying it I've ever heard. Let me borrow that one.
Real Musical Instruments over Electronic any day.
Scaramucci gives a bad name to Italian's. By promoting it/rush this pase of Control. While Profiting from it. And It's Contact Tracing Funcionality Electronically. He's doing his part. While Yet, the 1% have all, if not all the Physical Wealth, by Steeling it from the Nations. Cloud Base Society. At the End... Everything will be Worthless, except you're Soul.
Anyone who agrees with Cathie Wood can't be trusted
Moderator speaks too much fluff and interrupts just when valid points are being made. She should talk less and moderate more ensuring that each participant has the opportunity to make their case in full on each issue. She is unbelievably annoying !
You got that right! Seems that the moderator likes the sound of her own voice too much.
Mark got it spot on. Lot of British love hearing themselves
And her mic level was way too high in comparison to the guests, very annoying in deed.
Shiff always getting double teamed and interrupted but decisively winning debates like a boss.
Schiff have been debating against bitcoin when it’s price is under 100usd. Now that’s Bitcoin price is over 40k usd it’s very clear that Peter Schiff is winning the mind, heart, and pockets of investors! 😂😂😂
@@bahmak2003Howd that work out for you
Did you notice how Anthony ended? He said he’s going to buy more Bitcoin. Right there shows his true color - his interest is getting you to buy more.
Like Peter will buy more gold 🤷🏼♂️
Mr Charles Ponzi would have been proud of Bitcoin
Just getting started but Peter's smile tells me he's gonna devour this guy.
And that's what I think also.
40 min Peter as he thought and I also decimated the challenger.
He lost the debate.
@@Andrew_2414 we know whose holding bitcoin lol
@@fluffyisyermom7631 Yea: me, over 100 million other people, hedge funds, private companies, public companies, Fidelity, Black Rock, and a foreign government.
@@Andrew_2414 lots people believe socialism is better also until reality sets in.
@@vernondecker9532 Fiat currency is more similar to socialism than is Bitcoin. Nobody controls the supply of Bitcoin--it is set in stone, so to speak.
Gold will never be a technology, it will always be a metal. Our technologically advanced society cannot perform global commerce using heavy metals, and if we go back to using bank notes that are "backed" by gold then we'll just end up back to where we started and inevitably repeat the 1971 Nixon shock all over again.
When you give people the power to produce money, or money substitutes, at no cost... they will!
Actually already saw this one on their channel. I think he’s a pretty smart guy, but your arguments are just way better Peter.
Lol way better at what?😂😂😂
@@bahmak2003 the arguments are better. There no "at what" that applies here..
@@plastifiedmetal5682 what Schiff arguments that are better?😂😂😂
This lady is disturbing the debate… please go out and let them debate…
Bitcoin is not a hard asset.. it's a penny stock at best
When is the last time you saw a penny stock worth 1 trillion dollars? Use your brain.
BTC is a giant scam,. BSV is the original Bitcoin that scales and actually works.
@@DB-gf5gu BSV is a scam and the network has literally zero security. It could disappear overnight.
@@uraldamasis6887 wanna bet?
@@adidabax6809 It's worth less than the Bitcoin network.
The guy's tense face vs Peter's relaxed...tells much...
Peter enjoys this.
Peter is this
Peter has nothing to hide
He looked so personally offended when the poll didn't favour his... view.
Lol Peter have been debating Bitcoin since it was under 100usd! Now Bitcoin is at 40k usd. Clearly Peter is winning the mind of investors on every debate!😂😂😂
GOLD.EVERY.TIME.
what % of remittance payments to EL SALVADOR are in gold vs btc vs USD?? And in 2 years, what do you think the %s will be???
Not during digestion
Peter Schiff wins. Flawless victory!
Finish him !
I'm a believer in Bitcoin, but he lost me at the part about dead white men. We don't need brainwashed woke culture in this debate please...
@Nicholas P 😂
She's so annoying interrupting like this and she's clearly biased in favor of BTC
I totally agree
Actually, I think that she did good here.
The British tradition of moderation and journalism is more confrontational and oppositive. I think that's in play more than anything
She let her bias be known for sure. Could have been much worse.
She is also clearly biased in favor of BBC
The moderator is so rude, constantly interrupting. No one tuned in to listen to you cut off and interject, let them talk.
Agreed, they should have muted her and this Italian poser....
I like the Mooch because he hates Trump but he’s insane to think Bitcoin is anything but tulipomania. Schiff rhetorically wiped the floor with him.
The moderator is 100% annoying...
Ultimately, I think Anthony Scaramucci has a Western lens in understanding money which fails him. Different cultural lenses (mainly from the East) and history of money (history of gold/silver) makes the case for BTC weaker. The history and cultural universality value is definitely gold and maybe BTC. But, the tactile aspect of gold separates it from BTC. That tangible aspect of gold adds another layer of value. Having a digital currency backed by gold or a basket of strategic commodities is better than straight BTC, but but but..... digital means big brother can always watch= not cool
Also, all human knowledge doubles every 13 months. It is arrogant to think humans will not find a better crypto tech than BTC at some point.
Reality is.... it better for our freedom to have gold, BTC, anchored dollars, and as many exchange mediums as possible. Alternatives are good.
Mooch is right that the network is going to stick around (much longer than btc) because it can track every grain, transaction, and asset very easily for the bankers.
Are Anthony's books really organized by color?
Yep so at least he passed the color wheel in kindergarden
Lmao.
LOL
Fantastic observation lol
Yes they are. He never reads them, he just buys book because they look pretty.
LOLOL....12:50 ...."....at the end of the day, at least you had a flower"
Gold: the original decentralized monetary system.
It's happened once and it will happen again . World Banks flood the mark with gold to crash the the value to bring back the value of the dollar
🌎 🏦 ⬇️ 🪙 ☝️💵
@@ivo9328
Not sure I follow. Please elaborate
@@freegender930
Sounds like a good buying opportunity. Where do the banks get all that gold? There isn't an unlimited supply, and they sure as hell aren't digging it out of the ground
@@palookakj6622 they have been buying it for decades. and now they have such a big supply. That they can crash the gold prices at any time. After they crash the gold prices people buy a bunch of gold because it's so cheap and they can get the dollars back from the people to repeat the cycle.
@@freegender930
Seems like that wouldn't last long. You say they crash gold to have a strong dollar, and then people using a strong dollar get the gold which then makes the dollar weak (i.e. worth less gold). So, the banks are selling low and buying high?
Wish she would've just let the two of you talk. You both were respectful and reasonable but she mismanaged the topics to create a convoluted interview.
Women…
She was biased toward BitCoin.
Could do without the white bashing from scaramucci, what does their race have to do with anything?
He hates himself
@@MilanElan can you blame him?
riding the left's wave
Politicaly corekt Nothing more I em surprised they didn't put some women Face on the dollar to represent today days.
Peter thanks for speaking truth. After watching this video. Only one word for you. RESPECT
Great debate. Nice job to you all.
Great points Anthony!
But
Pete won!
Peter for the win!
Peter Schiff lost the debate.
Anthony emphasizes that he got fired from the White House, yet he got hired back to be a shill
This was not so much a match on intelligence but a match in facts and in my opinion Peter blew this debate out of the water.
👆🏼
Peter is wrong about one thing, gold is NOT the most useful metal on earth, Silver is!!! In fact, silver has the most uses out of all the other precious metals combine!! If we wake up tomorrow and there are no more gold we would be ok without it! But if we wake up and there are no more silver, our world would probably look like the early 1900s. Not the modern world that it is today without silver.
Yup...the true debate is Silver vs. Gold, and I prefer Silver. But other than that I agree with Schiff on everything. However, the one thing Gold has over Silver is that it never tarnishes even under the Ocean over thousands of years. So keep that in mind. But I still prefer Silver because it has so many uses. BUT...Gold is more monetarily stable because it has less industrial uses, and remains a Store of Value because it does have SOME uses as a Commodity.
In other words, Silver vs. Gold is the true debate. Bitcoin is irrelevant.
@@cosmosaic8117 totally agree with there!!!
@@cosmosaic8117 One benefit to gold is the wealth density - much easier to move around than a bunch of silver. Gold is also found in our Thymus gland (which strengthens the immune system) and gold micro particles raise testosterone levels. I am still very bullish on silver tho; I think it will have problems appreciating compared to gold, because gold is hoarded, and silver has historically been for day to day transactions
This moderator is clearly invested in bitcoin.
"I thought you were already all in?" Lmao
LOL! OMG! Bitcoin is tracked! Mooch: "Gold is a representation of value" , "Bitcoin doesn't need to go through other parties" ... Mooch is a joke.
@@chadwickfairbanks The website hijacks for ransoms are done by the FBI & CIA (fr offshore).
Gold is Money ..Bitcoin is digital fiat nearly unlimited supply of SatoshiZs and one of 10500 Cryptos.. I’m out!
Congrats Peter!
Really informative from both but schiff was more to the point for me
Moderator was too impudent, got in the way of discussion
Peter I'm a millennial and totally agree with everything you said. I'm a pro gold and silver and I believe there's no other better Commodity than precious metals to fight against inflation. Also you won this debate by far.
Great debate, but that woman is so annoying.
A bit annoying but I've seen much worse
Guest's mic's level way down and moderaters mic level cranked up. That was highly irritating. Please fix this in post next time.
Wow 😯! That was a strong 💪🏾 opening truth for Mr. Peter .
Peter + Bitcoin at…
$10: It’s a scam
$30: This bubble won’t bounce back
$100: This is definitely a bubble
$200: It’s gonna pop soon, buy gold!
$400: Well this is gonna crash so hard
$1200: No financial institutions will buy this scam
$3000: Just because Bitcoin’s marketcap is way bigger than silver doesn’t mean it ain’t a bubble
$6000: Bitcoin’s about to crash
$20,000: This is the top! It will never be breached!
$30,000: Watch as this bubble goes back under $20,000
$50,000: ….
$65,000: …
When the Fed raises interest rates to normal levels, Bitcoin will crash. Or do you not realize that low interest rates create bubbles?
This moderator was terrible. Other than that, great interview.
A moderator implies it was a debate, not an interview
What is Bitcoin backed up with.
“A network of people.”
“I can’t withdrawal a network of people.”
Me: 🤣😂🤣😂
We live in fiat delusion land, soon it will be digital zombie land🤔
Unfortunately, most people have never heard of or will even take 5 minutes to research tulip mania. Bitcoin is just another stock and will eventually be nothing.
If gold has financial value, why isnt the continent of Asia the wealthiest to exist. Technically those nations possess the most gold in the world, yet ones like India have the most poverty and the least access to the global wealth. Gold isnt money, its an element that will be mostly used for industrial purposes in the near future. No need to hold gold, when it isnt fungible, because it can be counterfeited, it isnt divisible in real world use, because the average person cant break 1/10 ounce from their gold bar to purchase goods, it isnt easily transportable, because you cant send 1 mil in gold to purchase a, lets say a home, on the other side of the planet, by conventional means. In other words, bitcoin and crypto is succeeding where gold has failed. BOOM!!!
In the event of technology failing All wealth is gone Boom
Words Mean Things. Rush Limbaugh Always said that. In 2021 Words mean whatever you want them to mean.
Peter understands that Words Mean Things.
Does anybody else feel embarrassed for those who defend bitcoin? Especially against Peter Schiff lol
lol it’s no contest .. champion heavyweight vs total novice!
I'll defend it based on the money to be made from it... Fuck the fundamentals
Peter wins again as usual. He is so sharp on so many issues. I think we have to thank his Dad for this.
I hear the Winkelvi use the same "if we capture a meteor that has gold in it..." What a silly argument. Peter's counter that BTC is technology and technology is always improving is much more compelling.
Technologies also gets outdated and discarded for better technologies. Something Bitcoin fanatics don't even realize.
Digital fiat is still fiat.
2:44 To everyone they are friends with each other but these are the 2 best guys and the debate was destroyed by that moderator you need to have a open debate.
It felt obvious that Scaramucci did not understand what Peter was talking about when he
made an argument that Peter had already addressed. It was almost like he thought that
repeating the same points would make it true. I would never have had the patience that Peter has.
Awesome as always Peter! :-)
The. “Technology” used for bitcoin and cryptos would not exist without networks that are created with the elements on the periodic chart. Ie gold , silver etc etc. way ahead of you there... speaks as if cryptos are on the periodic chart
That’s a great point. Another argument I’ve been thinking about lately is that if you removed Bitcoin entirely, the world wouldn’t lose anything. Other crypto coins & networks could fill any void it left behind within months. If you remove gold entirely from the Earth, then we would lose a very valuable metals. Sure, silver, platinum, and other metals could substitute for gold, but they would not be nearly as effective. The world would be poorer without gold.
next time we should put Peter Schiff vs. Dave Ramsey debate on gold.
Anthony focused upon the Dollar when the debate was about gold vs Bitcoin, so he lost his opportunity to win.
All of the infrastructure used to mine bitcoin requires rare earth minerals. It's no less environmentally damaging than gold mining.
Gold doesn't have to be mine over and over and over again consuming resources and energy. Once gold is mined it's out in a form of bars, coins, or jewelry or other usages. And can be re-used indefinitely.
- 12:28
Chain letter
Peter is a funny guy
"@ least with a tulip, at the end of the day you have a flower" lol.
Shot down in flames, well done Peter. "Intellectual odds" Lol
Maybe we need a Peter coin, limited at only 100. (Patent pending) Haha
Well done Peter. That was the most convincing facts you have presented yet.
What facts?😂😂😂
Peter for the win, (KO) First Round! Mismatch! Foreman VS Frazier!!!!🤣
This is the content I subbed for. FIGHT!
"the reason that gold is a store of value is because you store the value of the metal gold"
💯
GREAT JOB PETER!! KILLED IT!! IT REALLY DOESN'T TAKE A SMART PERSON TO DETERMINE THAT GOLD IS BETTER. IF YOU'RE HAVING TO BE ALL NERDY AND USE TECHNOLOGY, THEN YOU AREN'T THAT BRIGHT!!!!! KISS!!!
Bitcoin is a 100% depended on the USD you purchased the Bitcoin in USD and when you sell you are given USD
Exactly lol
ITts a trap " lol
Actually Bitcoin is tied to Tether that is tie to the USD... And Tethers are being created out of thin air and block any information you request. Cofeezilla has ben trying for weeks and keeps getting rejected! Guess free access of information act doesn't apply here!
The same is literally true about gold, so you just defeated whatever argument you were trying to make.
@@uraldamasis6887 it's literally not the same when I can trade physical gold for another physical commodity or a service literally that's real life
Rekt. The mooch thought he was in a new investors meeting for bitcoin. He should have known that Peter is operating at a higher level when debating other bitcoiners, he already has arguments for all mooches points from years ago
Peter just destroyed that fool LMAO
But even still, he’s wrong about Bitcoin.
@@martinlutherkingjr.5582 I disagree...I think he's spot on...
I didn't see Anthony's arguments being disproven. I saw a lack of vision from Peter. But the main take away at least was having Peter stating at which point he will fold to bitcoin. I thought it would be harder. I also enjoyed someone arguing in the favor of bitcoin on its adoption and potential, instead of the price. Price is just a consequence, but the main take away is adoption
BLAH BLAH BLAH --- Schiffty needs some new material. Same old rhetoric over and over. Every debate is exactly the same with Schiffty. He's simply memorized the same unless lip service. Once again Schiffty gets his ass handed to him.
Bitcoin for the win...
Great debate Peter, truly appreciate the upload to your channel otherwise I would have missed it! I would like to respectively mention you are 1 of very few of my mentors, you cover EVERY angle I continue to forget being a crypto enthusiast/maximalist...mark it down as complacency I guess, but you happen to be the ONLY one covering the downsides & bringing a strong argument as to why gold is sound over bitcoin (from which I didn't take your advice lightly...I've been diversifying those bitcoin profits to gold, something I've NEVER owned before bitcoin so thank-you!). Duly noted there are however arguments on both sides, crypto has potential & I think you know it..is it overvalued? Maybe...which is why you carry a VERY large influence as a mentor to me because of your courageousness & "real" knowing/understanding of downsides/risks along with true/real world value. On another note, it also gives me just as much argument as to why I do invest in crypto. Either way your advice does not go un-noticed & you'll be right either way whether bitcoin goes to the moon or not...you can't buy & flash off bitcoin watches/jewelry...but you can buy 'real gold' ones with it! Touché, blessings from Australia!
"6 minutes... that's almost as long as my white house career." I miss the mooch already.
Keep in mind, Peter Schiff doesn't understand crypto well, and has been wrong about every prediction he has made about bitcoin. I would suggest to listen to him talking about anything but crypto, he knows his stuff elsewhere.
Could just buy both , I feel both have value . Gold has timeless value , Bitcoin more cutting edge . No the less good luck to all.
Surprisingly civilized discussion 👏🏻👏🏼👏🏾
I find in all these "debates" that the Bitcoiners simply repeat the properties of Bitcoin (scarce, decentralised, etc.) rather than making any actual argument about why it's better than gold/fiat.
Weeell... those are pretty gold arguments 😅
Good*
@@user-qx9pk4yg6t not really. It's not hard to come up with a system that outperforms another system in arbitrary dimensions. That doesn't mean the system you came up with is useful or better or will be adopted etc.
@@mixmastermaverick3336 Well it's been adopted faster that the internet. I'm not going to debate over gold because I'm a proponent of it but thinking that for the rest of our lifetime gold will be the only option it seems pretty foolish. Bitcoin is a superior means of exchange in a world that is turning digital. There's a ton that I can say but it will take forever to write here. We didn't knew we needed smart phones to call somebody 20 years ago but then innovation happened and we are addicted to the convenience of having one. Having a trusless network that is a hybrid of a store of value and currency that is also highly liquid and you can split it easily is a convenience that we didn't knew we needed. Then you add the convenience of safe storage in the blockchain through a cold wallet that's accessible anywhere in the world is just plain elegant. A porfolio with a % in gold and BTC will be the new standard.
Bitcoin can’t be disrupted?! Imagine: it’s February 2021. You’re in Texas. Then the arctic storm comes and the power is out for days…
Mooch's ego was hit at the end there haha
I am surprise about how many people give the win of the debate to Peter. Peter is very knowledgeable, but he hasn't grown from his debates. I watched so many of them. Most of his arguments haven't changed even if they have been very efficiently counter-argued. Also, Peter argues IDEAS, the real world and the market, so far, says Peter is wrong. You talk about Scaramucci's customers... how about yours Peter? How is gold performing?
Do you think that Ethereum could be money since it actually has uses unlike Bitcoin(NFTs, smart contracts, etc)?
Ethereum has no uses.
@@Richest_Person_in_the_World NFTs? Smart Contracts? Video Games? All the other tokens created on the network?
Beautifully done, thank you both of you, to be able to co-exist as friends even as ideas and believes diverge, I think it speaks volume of your true friendships. Thank you for making this public for us all peasants to see, fascinating talk.
I'll go to put 30% of my BTC position in physical gold. Good points Mr Schiff.
Peter won 👏
Peter - my money is on you. Having that said , Anthony Scaramuci is a talented and highly skilled presenter - hats off to you both
That was an excellent debate!
Peter Schiff Vs Scaramucchi? That’s like Pittsburgh Steelers playing a high school team, and Schiff is the Steelers
Peter got em imo. Nice debate over such an interesting/valuable topic of the times! 🔥
Peter is iconic!!! It's like he has a crystal ball....
Peter is one of the worst asset managers out there.
What on Earth are you talking about? Now that we have had an enormous global pandemic we can see how horrible Peter's major predictions has been all these years.
1. Gold prices.
Gold barely went up but nowhere near the 10, 15, 20 thousand he predicted. ruclips.net/video/99fjdbFy3So/видео.html In fact, the price of everything has skyrocketed except gold. He lies and tells his clients that gold is both a safe haven and you will make a huge return on it. Every investor knows that high returns only come with high risk and high volatility. On March 3, 2020 He even said you would be able to buy the entire Dow with just one ounce of gold. That will NEVER happen.
2. Silver prices.
Silver barely went up and nowhere near the new all time highs of $49.83 that he predicted. Here's Peter saying buy silver for the potential new highs way back on Oct 2, 2012: ruclips.net/video/uOuAdZcGzoo/видео.html Silver was $34.60 at the time.
3. Gold standard.
He predicted that we will go back to a gold standard but that is not even being considered. He even said it was inevitable. ruclips.net/video/ajmIWQLRfFM/видео.html We now know that they are working on a CBDC and not even considering a gold standard.
4. Stock market.
Nobody could be more wrong when it comes to the stock market. He has literally never been bullish on the stock market and it just keeps going up.
5. Worthless crypto.
Another thing that he predicted that will NEVER happen is bitcoin going to near $0. Bitcoin is here to stay and the price is going much higher. He even thinks all cryptocurrencies are worthless but obviously we have a brand new asset class to invest in. How do you miss an entire new asset class? He is obviously lying to his clients because he knows that crypto is vastly superior to metals. That is just flat out fraudulent financial advice.
6. Worthless dollar.
Another thing that he predicted that may never happen within the lifetime of his clients is the dollar becoming worthless. ruclips.net/video/6K9Jcar8VgY/видео.html That might happen but it will probably take decades and most of his clients will be dead before it happens. And if it does happen it won't be because people want gold. It will be because people want crypto instead of the dollar. And they won't be buying gold. They will be dumping gold and buying crypto.
7. Interest rates.
He said they would never raise them. Then they did and Peter said they're going to be doing QE4 not raising rates again. ruclips.net/video/aYQUiLnYp9I/видео.html But of course Peter was wrong again and they kept raising them 8 more times.
8. Another housing bubble.
He has been saying housing is in another bubble since at least May 2014. ruclips.net/video/hlkn5Ky5Z1Q/видео.html If you wanted to buy a home but listened to Peter and didn't buy, you'll never be able to get the home you wanted because home prices have skyrocketed and wages barely move up. You may even be stuck renting for the rest of your life.
9. Recession soon.
And according to Peter, there is always a recession right around the corner even when we're coming out of a recession.
@@BullsEye3333 Yup. Peter is a terrible asset manager. I probably out-performed him in my personal portfolio even without Bitcoin.
I like Peter but to say BTC has no value because there is nothing tangible means things like advice, idea, service would also not be able to hold value. And if that's the case is Euro Pacific offering their investment advice/services for free too?
BTC scarcity is a red herring since it can be created in any digital coin. The only advantage it has is the existing network - which will be subject to extreme regulation going forward since no powerful government and/or central bank is going to tolerate a competition for it's monopoly on the money supply.
Well said.
What language was the host speaking? Anyone.
Amish
@@bbustin1290 ahh!