Poor Peter Schiff. His own son is a bitcoin convert, but he still keeps playing Don Quixote with his championing of gold. Does he really imagine people will transact in a modern and digital economy with gold and silver coinage?
I realize there are still goldbugs out there, but cryptocurrency has stolen their thunder and is far more realistic as the wave of the future. We share Schiff’s criticism of government-orchestrated, unbacked fiat money and how it empowers leftist totalitarian government. But in 2021 shiny rocks are not the answer.
When you try to point out why we are not going back to the way it was 100 years, the gold bug types just keep posting ridiculous noise. No rational serious responses. This thread has some fine examples.
Worst trade I've made is trading BTC for gold. Lol.
But I do believe in diversifying assets once one has enough assets necessary for basic survival and subsistence.
Preppers, once considered the bane of carefree happiness, is now an important person in some hard hit areas of this country.
“But in 2021 shiny rocks are not the answer.”
Electrons which can vanish the second the power goes out certainly aren’t.
L