***** Yeah I didn't read currency wars; skipped directly to death of money. Amazing read and it's really current. I definitely see the world differently thanks to Peter and Jim.
Evil ClownTV Get some gold just in case the paper money becomes worth less or worst nothing. Don't go overboard this will happen but it might happen after our deaths.
been following peter for a while and recently ran across jim rickards and i am so happy to have found this link of both of them. in my opinion, jim is the calmer more thoughtful of the two but thats not an insult to peter who is amazing. if they add gerald celente this will be gold :)
Peter well done. It's cool you interviewed someone so knowledable. Someone you look up to. Both of you together make this Interview even better than Just one of you isolated. Good Job Peter
I have a question about these guys together. I've never seen them together before. And I've been here for a while. They both seem to be reading from tele-prompters. Rickards is already out there with what is really an info-mercial. I'll continue to watch these guys. But this is the video that kills my trust in both.
I still having came across anyone as knowledgeable as James. Even Peter shows to know much less than him and refer to more generic facts that many people knows. James pins the issues down to facts and figures and reveals so much. fascinating facts
I am sorry for them and I do laugh a bit at them. There are two personalities of people who buy Bitcoin: 1. Extremely naive 2 arrogant narcissist who thinks He is the New Warren Buffet (without education, Reading, experience, whitout being a bussinessmen....)
@@4lugan your talking about Schiff? I love listening to him and could do so all day but.....you think bitcoin is a bad idea? I was just coming to join in on coinbase
@@angelitavenegas5619 open your coinbase, get some free coins from them if they still have promos. Don't buy until the next crash, over 99% chance next market crash will bring bitcoin down massive, then you can buy if you want, key is patience if you want to make money. Honestly, I'm waiting for Silver to crash below $20 and I'm buying 2023 $30 calls for $25 per call option, and watch it become $7,000 per call option when silver shoots pass $100 in 2-3 years time. buying 100 calls aka $2500 ....gonna make me 0.7 million lolz!
What an amazing video by two very intelligent people one of the best I've seen. I have no opinion on bitcoin but I do know that gold has been around since the beginning of time and 500 other currencies have come and gone since Then. I am going with the timeless classic. Great video guys keep up the good work.
OMG, People these guys are both scam artists, They are preying on you and if you would just look at their track record compared to what is really going on in the market, you would see they have terrible track records. I fell for Peter and I remember him saying they would NEVER end QE, just last year, he claimed they would only INCREASE QE. When the Fed announced the end, Peter went quiet…….very quiet. This was my first red flag. Eventually, I found a Mike Stathis/Peter Schiff video on RUclips and I saw Mike chew this guy up. Today I know that we are in the largest bull run since the great depression. I know that China is in DEFLATION, Europe is in DEFLATION, Japan & Brazil are in recession, Canada and Australia are commodity based economies and they are going to suffer as China and world growth slows down. The Dollar is at 12 year highs against the Euro. The Dollar is rising agains all other currency. The US has arguably the most transparent maker in the world. The US is the pretties of the ugly stepsisters. It is the ONLY game in town. There is not going to be a US currency collapse, government collapse, banking collapse, civil war, doomsday looser idiot fear mongering ass holes. Gold is bought in Dollars world wide! We have the greatest military in the world. Do you think our government will allow that to change? So while you are hunkering down buying gold the stock market is skyrocketing, I am sad to see that there is no regulation for these idiots, so many people are losing their future retirement.
It's great to see a discussion between the two of you! (How are your necks by the way?) I did not hear mention of silver and I'm also curious as to the opinion of either one of you about Karen Hudes' hypothesis put forward regarding coming Global Renaissance based on the Power Transition Model.
I just bought gold using bitcoin, I think they can work together in perfect harmony. Gold and silver need confidence just as dollars and bitcoin. I think confidence is going to go into bitcoin gold and silver.
The only real wealth is security. Secure your assets, your property, etc. and ensure an independence that can withstand any financial or societal shift.
Guys I am mexican doctor. Please give me an advice. I wanted to Invest in other place rather than Mexico. So I have invested in texas' real estate. I own some Houses there. I don't hold any Cash neither Dollar nor peso. Should I buy gold and hold it? Should I Invest in Russia? What do you guys think?
My dilemma is that I CANNOT purchase physical gold with my 403B. This is at the heart of my problem and probably true for many others. The State University I work for has accounts set up such that physical gold is not an option or I absolutely would have picked that one.
Jim said that the gold market is moving to Shanghai. I just read that volumes in Shanghai are already 3X higher than on the COMEX, but so far the prices on both exchanges have remained pretty much the same. Does that mean that the manipulation is taking place on both exchanges? If the price starts rising in Shanghai due to overwhelming demand, will the price on the COMEX have to follow suit? Or could the manipulation keep it down at COMEX while it rises in Shanghai? That doesn't seem likely, because if that were to happen, people would jump on the arbitrage opportunity to buy it on the Comex and sell it in Shanghai, which would level the prices. Any thoughts?
With the internet shutdown, your least problem will be if Bitcoin works or not! Gold and silver are as usefull as Bitcoin to 99,99% of people. You can't do anything with gold besides use it as a store of value.
Eduardo Elias Ferreira Really. You mean to tell me that if shit hits the fan a local farmer wouldn't give me eggs, vegetables or chicken in exchange for gold coins?
Edgrot Exactly what I'm saying. If "the shit hit the fan' like you are saying, gold will worth as much as a piece of rock. My apples and watter will be the REAL money!
Who set up their mic’s? They are wearing them on the wrong side! Peter’s booming voice is being picked up by Jim’s mic, but Jim’s soft voice isn’t getting picked up properly at all! I had to turn up the volume every time Jim spoke and turn down Peter lol
So...what will you answer if i ask you what your ounce of gold is worth?...1313 dollar, so no difference to bitcoin. And by the way bitcoins are also scarce. But interesting discussion.
You can see Schiff glancing to his power point notes during this "discussion". Not that I necessarily disagree with his general philosophy, but he is a gold guy.
Agree with Lukas. The bitcoin craze is over. As soon as speculators entered the bitcoin arena prices fluctuated wildly and people lost confidence in it as a stable useable currency.
SoCalFreelance I disagree...it's been hovering between 450 and 600 for awhile now. Even after all the "scandals" like MtGox and Apple pulling the apps. It's an excellent transactional currency. Is it a store of value? Only time will tell.
In the UK, there is VAT on silver and platinum, and CGT on gold that is not legal British currency. Taxes on cryptocurrencies is one thing but the counter to this is capital controls. My bank, for example, has a daily withdrawel limit of £2,500 (without permission) and, additionally, there are usage triggers for reasons of "money laundering" and "terrorism". Not to mention the capital controls drawn up for times of "national emergency", which invariably happen at weekends and in the dead of night. But with bitcoin, you become the banker with all the responsibilities that entails. Crytpocurrencies are bringing a whole bunch of ideas that challenge our views of how the world should operate. The value of any block chain is greater than the sum of it's parts. I don't think either of these guys are wrong and I'm sure they have *some* holding in bitcoin, they're just not all-in. The only thing I would say is, for better or worse, the new money generation is seemingly willing to completely break free from traditional fiat.
interests10 It's a combination of ideas. It's a standard unit of exchange that is enforced through a mechanism called "the block chain"... a sequentially agreed set of transactions that can not be modified.
interests10 Bitcoin for the first time in history allows for triple entry accounting. It is so much more than just a currency. It is an internet of contracts. You can have entire organisations on the block chain and it will revolutionize corporate structures. Please look up Andreas Antonopolos on you tube. You will see quickly how stupid it is to compare Bitcoins to Tulips
And here we are almost 4 years later.US is still standing,DJ,S&P 500 and Nasdaq are at the top,gold is 1250 USD/oz.Is that crash coming?Everybody is waiting for one.
The people that bought ETF's deserve to be handed a blank sheet for not holding physical and being the fools that have fueled the paper shorts which have harmed the legitimate physical market and legitimate gold and silver owners who have stepped up to the plate.
My thought would be to shift it to gold mining stocks. When gold takes off, it may very well reveal that ETFs have been massively oversold, resulting in your paper being massively devalued, if it even gets honored at all. Gold mines however which right now are at an all time low will suddenly be massively profitable again. But I am not a broker, so consult with one of Peter's people.
Peter Cohen Yes I would, since you could have sold it in 2011 and invested in something else, or just waited until later to buy your gold back at a more reasonable price. However, if you really did buy gold at $250 and only $250, that is a spectacular gain which far outweighs your "losses" since 2011. I would also say that a person who's been sitting on a savings account since 2008 "lost money" by not being in the stock market, despite their dollar balance never declining.
Well, honestly, just about everything in my real life experience is consistent with what Peter Schiff says. US and personal debt is beyond my comprehension and I absolutely don't believe the stock market or economics numbers provided by the media. Since my employer does not allow physical gold in the 403B - at least I am more comfortable in GLD that the stock market. Sure I lost half of my retirement last year - and it would have been swell to capitalize in the inflated market - but that can change overnight. My concern is what will happen to GLD ETF if the markets drop. Is it a Madoff style ponzi scheme???
26:00 the dollar is a digital and physical currency. But the dollar is totally based on government decree. Bitcoin is not. The free market speaks when you measure bitcoin in grams/oz of gold. Some of your arguments here are flawed and somewhat blinded by the fact that you are invested in gold.
No mention here of the Swiss Gold Referendum coming up in November which will have a massive impact on Gold and which will signal the beginning of the global reset.
peter i was a fan, but i think your interest in the econ in now more personal for you.Please step back for your investments and give us the good opinions you gave before the 2007.
OPINIONS REQEUSTED FROM EVERYONE: In relation to buying Gold/Silver as a hedge against the coming economic collapse/hyperinflation ..... (1) if one has a stash of physical Gold/Silver: when the time comes for a reset/ new currency conversion, where would one typically go to do this? your average bank does not convert Gold/Silver into currency do they? (2) If one has a mortgage/loan of say $200,000, can this be LEGALLY/FORCIBLY converted into a new currency .... OR ..... if say Gold went to $50,000 an oz could you in theory insist you pay off your loan off by converting say 4 Krugerrands? Many thanks
What would happen if some large Sovereign holder of gold (maybe China or Russia) announced that they would exchange, say, 0.2oz of gold for every bitcoin and guaranteed that price for the next 10 years or whatever? That price would be low enough that there would be few takers but it would serve to put a price floor under bitcoin and give people the confidence to use it as a store of wealth.
bitcoin is needed, therefore it will not crash. even in an immaginary world where it could crash, it would still be needed and rise back up to its correct value based on demand
![Gunna - HIM ALL ALONG [Official Visualizer]](http://i.ytimg.com/vi/HiCxoDeo0hc/mqdefault.jpg)
I could listen to these two guys talk away about this stuff all day.
End Times News Report aren't they cool.....
I don't drink alcohol but I'd like to share a six pack of root beer with them lol
YES!!! Two of my favorite people. I read both their books and I encourage every one of you to do the same.
***** Yeah I didn't read currency wars; skipped directly to death of money. Amazing read and it's really current. I definitely see the world differently thanks to Peter and Jim.
Two great minds meet, truly amazing.
Why so we can continue buying gold and silver and losing money?
kcrone1
That depends on what you are calling money doesn't it? Constitution says silver and gold I believe you mean paper.
Evil ClownTV Get some gold just in case the paper money becomes worth less or worst nothing. Don't go overboard this will happen but it might happen after our deaths.
Its too epic to have both of these guys in one video. Brain can't handle it.
Michael Felton i know they should do more together
Yes an epic FAIL.
bob ooooo shit!
@@alexjones4275
"Yes an epic FAIL.
"
Isn't that what your mother said about you?
Peter overdue for another interview with Jim Rickards..
one released today
Excellent interview. Jim Rickards and Peter Schiff are good.
Peter, you should do more interviews like this. This is some of the best content on youtube!
The League of Justice of macroeconomics.
stevensoname make it into a MOBA
been following peter for a while and recently ran across jim rickards and i am so happy to have found this link of both of them. in my opinion, jim is the calmer more thoughtful of the two but thats not an insult to peter who is amazing. if they add gerald celente this will be gold :)
What a pleasure - quick - clear - all subjects handled and even a non english native understands 100%. Many thanks!
I swear to god! That was the best discussion I've ever heard! Great work guys!
Thank you peter. One of your best of the year here!!
One of the best interviews I have seen. I wish I had all the knowledge these gentlemen posses. Keep up the good work Peter!
insightful information - jim rickards always provides understandable concepts of the global financial system
The very last statement sums up the whole video: "Buffet's dumping paper money, getting hard assets. Investors should do the same." (31:20)
Peter well done. It's cool you interviewed someone so knowledable. Someone you look up to. Both of you together make this Interview even better than Just one of you isolated.
Good Job Peter
These guys should do another video together now, April 2020
2022
I can tell Peter admites James. Which means Peter is a great guy. Likewise, I can tell James has a lot of respect for Peter. Great guys.
Two great guys together. However the interview has few views. Why?
I have a question about these guys together.
I've never seen them together before. And I've been here for a while.
They both seem to be reading from tele-prompters.
Rickards is already out there with what is really an info-mercial.
I'll continue to watch these guys. But this is the video that kills my trust in both.
This is a wonderful conversation for us inverstors by Jim Rickards.
I still having came across anyone as knowledgeable as James. Even Peter shows to know much less than him and refer to more generic facts that many people knows. James pins the issues down to facts and figures and reveals so much. fascinating facts
The 2 biggest legends in business in one vid!!!!! Wooooop!
Awesome interview, thanks for making this happen!
Try to balance your audio, Jim's mic is way too low. Maybe he's just soft spoken, but that's fixable.
Fascinating and sobering conversation... thank you!
Jim Rickards is absolutely right. And he's smart to boot.He really knows his area of practice.
Greatly anticipated!! A great set of interviews - GOLDEN ;-)
Schiff and Rickards together at last.
Bravo!! Two of my favorite, thanks Peter!
These guys are too damn smart
Great interview two of my favorites
thank you for addressing these issues. keep the information and advice coming!
Man I thought this video was done liek maybe few months ago 😳 they on point ..
Just listening to this now in 2019, feel so sorry for all those guy who bought bitcoin for $1000, or $400. lolz!
I am sorry for them and I do laugh a bit at them. There are two personalities of people who buy Bitcoin:
1. Extremely naive
2 arrogant narcissist who thinks He is the New Warren Buffet (without education, Reading, experience, whitout being a bussinessmen....)
I don't feel sorry for them. They are extremely naive of super arrogant. The only two kind of people who buy bitcoin.
So would you be saying bitcoin or coinbase NOT something to buy into in 2020?
@@4lugan your talking about Schiff? I love listening to him and could do so all day but.....you think bitcoin is a bad idea? I was just coming to join in on coinbase
@@angelitavenegas5619 open your coinbase, get some free coins from them if they still have promos. Don't buy until the next crash, over 99% chance next market crash will bring bitcoin down massive, then you can buy if you want, key is patience if you want to make money. Honestly, I'm waiting for Silver to crash below $20 and I'm buying 2023 $30 calls for $25 per call option, and watch it become $7,000 per call option when silver shoots pass $100 in 2-3 years time. buying 100 calls aka $2500 ....gonna make me 0.7 million lolz!
26:18 "Good luck to all of them", I literally burst out laughing 😂
Hello can you please discuss SLV? and have similar interview with Jim please?
Very interested to hear comments from both of you in regards to SLV
My number 1 and 2 favorite economists.
What an amazing video by two very intelligent people one of the best I've seen. I have no opinion on bitcoin but I do know that gold has been around since the beginning of time and 500 other currencies have come and gone since Then. I am going with the timeless classic. Great video guys keep up the good work.
Solid interview.
very helpful in my evolving point of view. thank you. enjoyed very much.
great interview, i got to know something
How can we find out if the US is actually buying gold bullion or not? Or, are they simply sticking to the lend/loan & lease (paper) game?
Thanks guys!
OMG, People these guys are both scam artists, They are preying on you and if you would just look at their track record compared to what is really going on in the market, you would see they have terrible track records. I fell for Peter and I remember him saying they would NEVER end QE, just last year, he claimed they would only INCREASE QE. When the Fed announced the end, Peter went quiet…….very quiet. This was my first red flag. Eventually, I found a Mike Stathis/Peter Schiff video on RUclips and I saw Mike chew this guy up. Today I know that we are in the largest bull run since the great depression. I know that China is in DEFLATION, Europe is in DEFLATION, Japan & Brazil are in recession, Canada and Australia are commodity based economies and they are going to suffer as China and world growth slows down. The Dollar is at 12 year highs against the Euro. The Dollar is rising agains all other currency. The US has arguably the most transparent maker in the world. The US is the pretties of the ugly stepsisters. It is the ONLY game in town. There is not going to be a US currency collapse, government collapse, banking collapse, civil war, doomsday looser idiot fear mongering ass holes. Gold is bought in Dollars world wide! We have the greatest military in the world. Do you think our government will allow that to change? So while you are hunkering down buying gold the stock market is skyrocketing, I am sad to see that there is no regulation for these idiots, so many people are losing their future retirement.
It's great to see a discussion between the two of you! (How are your necks by the way?) I did not hear mention of silver and I'm also curious as to the opinion of either one of you about Karen Hudes' hypothesis put forward regarding coming Global Renaissance based on the Power Transition Model.
I just bought gold using bitcoin, I think they can work together in perfect harmony. Gold and silver need confidence just as dollars and bitcoin. I think confidence is going to go into bitcoin gold and silver.
Be great to do a update of this interview.
This is a good pair for an interview
The two most intelligent people on earth...
The only real wealth is security. Secure your assets, your property, etc. and ensure an independence that can withstand any financial or societal shift.
great disscusion, as a currency trader, these currency wars are good for bussines
Guys I am mexican doctor. Please give me an advice. I wanted to Invest in other place rather than Mexico. So I have invested in texas' real estate. I own some Houses there. I don't hold any Cash neither Dollar nor peso. Should I buy gold and hold it? Should I Invest in Russia? What do you guys think?
What I want to know is what happens to our homes in which we still have mortgages? should we be out of our homes?
Are they using bitcoin in Greece now?
This was great.
G O L D a better place to be in these times
Do more interviews like this!
Lots of good insight!
My dilemma is that I CANNOT purchase physical gold with my 403B. This is at the heart of my problem and probably true for many others. The State University I work for has accounts set up such that physical gold is not an option or I absolutely would have picked that one.
Turn up the volume please.
Peter, you and Jim need more than 30 min.
Jim said that the gold market is moving to Shanghai. I just read that volumes in Shanghai are already 3X higher than on the COMEX, but so far the prices on both exchanges have remained pretty much the same. Does that mean that the manipulation is taking place on both exchanges? If the price starts rising in Shanghai due to overwhelming demand, will the price on the COMEX have to follow suit? Or could the manipulation keep it down at COMEX while it rises in Shanghai? That doesn't seem likely, because if that were to happen, people would jump on the arbitrage opportunity to buy it on the Comex and sell it in Shanghai, which would level the prices. Any thoughts?
Interesting listening of these facts of 5/6 years ago . Still ring true now
Regarding the tax aspects. In Denmark there are zero tax on Bitcoin gains. :-)
I hear this talks for last five years now, it is time to change your mindes and move on..
Bitcoin???
Nice idea but,
internet shutdown could happen....
gold and silver confiscation??
Try to find it....
With the internet shutdown, your least problem will be if Bitcoin works or not!
Gold and silver are as usefull as Bitcoin to 99,99% of people. You can't do anything with gold besides use it as a store of value.
Eduardo Elias Ferreira Really. You mean to tell me that if shit hits the fan a local farmer wouldn't give me eggs, vegetables or chicken in exchange for gold coins?
Eduardo Elias Ferreira
With that statement I can assure you that you need a mountain more education on gold and silver.
Edgrot Exactly what I'm saying. If "the shit hit the fan' like you are saying, gold will worth as much as a piece of rock. My apples and watter will be the REAL money!
Edgrot with that I can assure you need a bigger mountain more education on trying to make a point
But Peter, the code, it's too beautiful to look at.
two brilliant economic minds
You both have your mics on the wrong side.
one thing i didn't like about bitcoin was that every time i sent or received it i seemed to loose abit as some kind of transfer fee
Great stuff. 100 pages left to go on Currency Wars.
2 amazing men
Who set up their mic’s? They are wearing them on the wrong side! Peter’s booming voice is being picked up by Jim’s mic, but Jim’s soft voice isn’t getting picked up properly at all! I had to turn up the volume every time Jim spoke and turn down Peter lol
So...what will you answer if i ask you what your ounce of gold is worth?...1313 dollar, so no difference to bitcoin. And by the way bitcoins are also scarce. But interesting discussion.
We need ya'll to tag team congress. Put them in their place!
It's hard to hear Jim?
The 2 ledgends
Hehe, RUclips gave me an ad for a "how to make money fast with bitcoin" seminar.
You can see Schiff glancing to his power point notes during this "discussion". Not that I necessarily disagree with his general philosophy, but he is a gold guy.
awesome!
Great!
It seems like neither of these guys really understand bitcoin.
bitcoin is over it's dead
yep, bitcoin is dead. so is the internet.
***** Time to dust off the gramophone.
Agree with Lukas. The bitcoin craze is over. As soon as speculators entered the bitcoin arena prices fluctuated wildly and people lost confidence in it as a stable useable currency.
SoCalFreelance I disagree...it's been hovering between 450 and 600 for awhile now. Even after all the "scandals" like MtGox and Apple pulling the apps. It's an excellent transactional currency. Is it a store of value? Only time will tell.
In the UK, there is VAT on silver and platinum, and CGT on gold that is not legal British currency. Taxes on cryptocurrencies is one thing but the counter to this is capital controls. My bank, for example, has a daily withdrawel limit of £2,500 (without permission) and, additionally, there are usage triggers for reasons of "money laundering" and "terrorism". Not to mention the capital controls drawn up for times of "national emergency", which invariably happen at weekends and in the dead of night. But with bitcoin, you become the banker with all the responsibilities that entails.
Crytpocurrencies are bringing a whole bunch of ideas that challenge our views of how the world should operate. The value of any block chain is greater than the sum of it's parts.
I don't think either of these guys are wrong and I'm sure they have *some* holding in bitcoin, they're just not all-in. The only thing I would say is, for better or worse, the new money generation is seemingly willing to completely break free from traditional fiat.
what exactly is bitcoin?
interests10
It's a combination of ideas. It's a standard unit of exchange that is enforced through a mechanism called "the block chain"... a sequentially agreed set of transactions that can not be modified.
interests10 Bitcoin for the first time in history allows for triple entry accounting. It is so much more than just a currency. It is an internet of contracts. You can have entire organisations on the block chain and it will revolutionize corporate structures. Please look up Andreas Antonopolos on you tube. You will see quickly how stupid it is to compare Bitcoins to Tulips
We had all of the gold because of the war. Before the war, the Pound Sterling was in the position the dollar is in today.
And here we are almost 4 years later.US is still standing,DJ,S&P 500 and Nasdaq are at the top,gold is 1250 USD/oz.Is that crash coming?Everybody is waiting for one.
I understood is that all forms of money is fiat money even gold and silver.
If you like these two guys, you'll love this pic from Rickards' Twitter: twitter.com/JamesGRickards/status/317994288988446720
The people that bought ETF's deserve to be handed a blank sheet for not holding physical and being the fools that have fueled the paper shorts which have harmed the legitimate physical market and legitimate gold and silver owners who have stepped up to the plate.
My entire retirement savings is in GLD because I cannot use my 403B to buy physical gold. PLEASE do a video on the future of the GLD ETF. PLEASE!
My thought would be to shift it to gold mining stocks. When gold takes off, it may very well reveal that ETFs have been massively oversold, resulting in your paper being massively devalued, if it even gets honored at all. Gold mines however which right now are at an all time low will suddenly be massively profitable again. But I am not a broker, so consult with one of Peter's people.
Rob Cinq-Mars Ouch, so you lost 25% of your retirement savings over the past 3 years? What was that like?
LacusTheDestroyer I bought gold when it was $250. If I sold now, would you say I lost money?
Peter Cohen Yes I would, since you could have sold it in 2011 and invested in something else, or just waited until later to buy your gold back at a more reasonable price. However, if you really did buy gold at $250 and only $250, that is a spectacular gain which far outweighs your "losses" since 2011.
I would also say that a person who's been sitting on a savings account since 2008 "lost money" by not being in the stock market, despite their dollar balance never declining.
Well, honestly, just about everything in my real life experience is consistent with what Peter Schiff says. US and personal debt is beyond my comprehension and I absolutely don't believe the stock market or economics numbers provided by the media. Since my employer does not allow physical gold in the 403B - at least I am more comfortable in GLD that the stock market. Sure I lost half of my retirement last year - and it would have been swell to capitalize in the inflated market - but that can change overnight. My concern is what will happen to GLD ETF if the markets drop. Is it a Madoff style ponzi scheme???
24:00 how is gold any different when you have to report gains or losses of that investment vs Bitcoin?
Long cost price when save place down free why?
Who saw the U.S. gold reserves and when? Last Audit ?
22:20 They discuss Bitcoin
26:00 the dollar is a digital and physical currency.
But the dollar is totally based on government decree. Bitcoin is not. The free market speaks when you measure bitcoin in grams/oz of gold. Some of your arguments here are flawed and somewhat blinded by the fact that you are invested in gold.
Dollar is not backed by confidence, it's backed by stupidity; confidence implies the currency will make a comeback which has not been the case.
No mention here of the Swiss Gold Referendum coming up in November which will have a massive impact on Gold and which will signal the beginning of the global reset.
10y ago! Nothing changed.
peter i was a fan, but i think your interest in the econ in now more personal for you.Please step back for your investments and give us the good opinions you gave before the 2007.
OPINIONS REQEUSTED FROM EVERYONE: In relation to buying Gold/Silver as a hedge against the coming economic collapse/hyperinflation .....
(1) if one has a stash of physical Gold/Silver: when the time comes for a reset/ new currency conversion, where would one typically go to do this? your average bank does not convert Gold/Silver into currency do they? (2) If one has a mortgage/loan of say $200,000, can this be LEGALLY/FORCIBLY converted into a new currency .... OR ..... if say Gold went to $50,000 an oz could you in theory insist you pay off your loan off by converting say 4 Krugerrands? Many thanks
What would happen if some large Sovereign holder of gold (maybe China or Russia) announced that they would exchange, say, 0.2oz of gold for every bitcoin and guaranteed that price for the next 10 years or whatever? That price would be low enough that there would be few takers but it would serve to put a price floor under bitcoin and give people the confidence to use it as a store of wealth.
bitcoin is needed, therefore it will not crash. even in an immaginary world where it could crash, it would still be needed and rise back up to its correct value based on demand