All the rest of what Peter Schiff says is good and he is warning everyone about the coming USD collapse, the real inflation not showed in official statistics, the fixing of the market by the FED, the dangers of Big Government, the hypocrite non racist organisations that are in fact racist and the never ending QE
Just like so many other salesmen, he is using the facts and plays on people sentiment to build credibility which is then used to sell stuff. It works with normal people because they
are usualy extremists - one is either always right or always wrong. Once normal people - herd - label someone as "such and such" the chance to change their opinion is very slim.
He has been dead right on the DOTCOM bubble and the housing bubble, who else has this prediction record?
What's the volume of bitcoins roughly going to consumer goods vs. the volume from private investment (shorts longs etc.)?
Just curious if his idea that the adoption/usage is what is driving the price downwards. It seems somewhat logical and he is usually pretty good about understanding the underlying reasons for price moves. He's always been good at that. Other than that he, accused one group of being over emotional yet so was his attack. You want to talk about a hypothetical scenario. What he just said was the hypothetical to end all hypothetical scenarios.
Also hypocrisy much? I mean has he not been touting gold, foreign investment, hyperinflation for what 8-10 years now? He hasn't exactly hit a home run with gold over the past 4-5 years. Though, I suspect this will change.
Gold has been going up every single year for more than 10years expect last year! Even this year, Gold is up even with the very bad sentiment on Gold and all the price manipulation from the FED and the Wall Street banks
He is advocating buying Gold since it's 200$/once
