Peter Schiff: Next Round of Quantitative Easing To Send Gold To New Highs

upsidedown75

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Quote from: allthingsluxury on December 13, 2018, 09:18:26 AM

[im g]https://i.ibb.co/FDpvtfD/Next-Round.png[/img]

Legendary investor, author, and Austrian Economist Peter Schiff was one of the economists who warned of the sub-prime crisis. BEFORE it happened.

So we're fortunate that he was kind enough to join Inside the Markets to let our viewers know how the next crisis is going to unfold, and what investors would be well-served to do before it happens.

Peter talks about the impact of the swelling supply of unsold homes, how it remains a mystery as to who will buy the U.S. debt, and the ongoing debate between President Donald Trump and the Federal Reserve.

So if you were caught off guard the last time Wall Street collapsed and want a different outcome this time around.[/size]

Click here to watch the video and read more:

https://schiffblog.blogspot.com/2018/12/peter-schiff-next-round-of-quantitative.html

Honestly the USA government only thinks of their debts as growing pains that every big company has but they are forgetting those companies get more profits in return. For example you have a shop that sells pizza and it is very well liked, everyone around the hood eats at your place everyday and you are making so much money, that is what USA was like in 60's.

However other people realize that the hood likes pizza and starts to make their own pizza shop which undermines your pizza shop, that's USA in 80-90's, after a while there are so many places and they are so cheap that they are not even making money themselves, so people start to invest into those shops in order to save them from bankruptcy but the pizza shop is still losing money, that's world in 2008.

Right now we have a hood full of pizza shops that never makes money but constantly gets loans in order to survive, this is not like getting a loan to open another shop which would make money for you, this is just getting a loan to hope for the best in the future. It will not end well.

figmentofmyass

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Quote from: davis196 on December 14, 2018, 07:47:21 AM

QE will pump some asset prices faster than others.I'm pretty sure that stock prices are going to be pumped first and crypto is going to be pumped last(after the investors start looking for risky assets again).

maybe so, but sideways or bullish markets bode well for bitcoin anyway. i'm pretty sure if stocks crash, everything is gonna crash (including bitcoin).

the fortunate thing is that while stocks are teetering on the edge, the real estate market is still looking strong. QE or no QE, i take that as a sign that confidence isn't leaving the markets yet.

timerland

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To be honest, I used to follow gold bugs like Schiff and others, but have since realized that they are rarely right.

Sure, inflation could lead to gold going higher, and that's pretty much something that has been confirmed by history. But even if there was widespread inflation, which doesn't seem likely at this stage, gold is unlikely to generate much profits at all given the stability of the asset even in bull markets.

What Peter Schiff is really doing is trying to get others to buy more gold, preferably from their company, without necessarily having any real analysis into the market.

And I do expect bitcoin to perform better than gold in an inflationary scenario anyways, because it is just so much more practical as a means of transacting due to its virtual nature, and portability that gold simply does not have. Instead of investing in gold only, I'd definitely diversify into other precious metals and also BTC.

Indamuck

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Quote from: cellard on December 13, 2018, 01:55:56 PM

If further quantitative easing rounds make gold pump, then Bitcoin must pump as well, given that it is a better gold in pretty much every department (except that it isn't as stable in price, but that is just because Bitcoin is still tiny, so that is actually another positive since there are higher potential gains). Not to mention Bitcoin is approaching ultimate floor prices so it's a steal.

Schiff will remain in denial again when we hit ATH, these guys just will admit they are wrong. Same goes for Nourini and co, they are all the same.

I'm as big of a bitcoin supporter as anyone here but I wouldn't put btc above gold, they are just too different. Gold is actually limited but you can create endless bitcoin forks and altcoins so crypto can never be limited. I encourage people to hold crypto and gold, always diversify your investments if you want to play it safe!

mummybtc

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All these Gold investors are similar to Bitcoin Maximalist, that think GOld should be the only viable investment and should always go up, the rate at which Gold is being mined and enter the market is not always put into considerations, if not that most of it is being kept by big investors controlling the supply and demand for me the price should be lower than this

davis196

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QE will pump some asset prices faster than others.I'm pretty sure that stock prices are going to be pumped first and crypto is going to be pumped last(after the investors start looking for risky assets again).
If this guy is such a gold supporter,why don't he buys some gold and keep it safe in his closet. Grin

Keeping bitcoin secure is way more cheap and safe,compared to gold.

figmentofmyass

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Quote from: cellard on December 13, 2018, 01:55:56 PM

If further quantitative easing rounds make gold pump, then Bitcoin must pump as well, given that it is a better gold in pretty much every department (except that it isn't as stable in price, but that is just because Bitcoin is still tiny, so that is actually another positive since there are higher potential gains).

well i think conventional wisdom and experience shows us that QE pumps everything. real estate, stocks, gold, bitcoin.....it doesn't matter. when credit is cheap, the risk-on market mentality prevails and everyone keeps racing to park dollars wherever they can.

i don't think the FED will be able to keep unwinding QE. they'll be backed into a corner by economic realities. and then they'll keep kicking the can.

The Sceptical Chymist

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Quote from: cellard on December 13, 2018, 01:55:56 PM

If further quantitative easing rounds make gold pump, then Bitcoin must pump as well

Not true, any of that. Furthermore, Schiff is a gold permabull and will never tell anyone when it's a good time to sell gold. His position will always be to buy and he, like all the other gold permabulls, are just trying to hype gold using fear tactics so that people will buy it and will thereby keep the price up--not for the buyers' sakes, but for his own. I don't trust a word he says.

Bitcoin is no safe-haven asset, and you needn't look further than its last year's performance to recognize that. If there's another round of QE, I seriously doubt bitcoin is going to benefit from that. The stock market might, but not bitcoin and certainly not gold.

cellard

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If further quantitative easing rounds make gold pump, then Bitcoin must pump as well, given that it is a better gold in pretty much every department (except that it isn't as stable in price, but that is just because Bitcoin is still tiny, so that is actually another positive since there are higher potential gains). Not to mention Bitcoin is approaching ultimate floor prices so it's a steal.

Schiff will remain in denial again when we hit ATH, these guys just will admit they are wrong. Same goes for Nourini and co, they are all the same.

allthingsluxury

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Legendary investor, author, and Austrian Economist Peter Schiff was one of the economists who warned of the sub-prime crisis. BEFORE it happened.

So we're fortunate that he was kind enough to join Inside the Markets to let our viewers know how the next crisis is going to unfold, and what investors would be well-served to do before it happens.

Peter talks about the impact of the swelling supply of unsold homes, how it remains a mystery as to who will buy the U.S. debt, and the ongoing debate between President Donald Trump and the Federal Reserve.

So if you were caught off guard the last time Wall Street collapsed and want a different outcome this time around.

Click here to watch the video and read more:

https://schiffblog.blogspot.com/2018/12/peter-schiff-next-round-of-quantitative.html

Topic: Peter Schiff: Next Round of Quantitative Easing To Send Gold To New Highs (Read 191 times)