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ยป Peter Schiff on JRE
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post 1610721241 07-15-2020, 08:19 PM
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Peter Schiff on JRE

Before I listen, let me guess... Schiff is shilling gold and anticipating a bad recession.

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post 1610721791 07-15-2020, 08:24 PM
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Originally Posted By Luc1fer
Before I listen, let me guess... Schiff is shilling gold and anticipating a bad recession.

This. Also bitcoin is bad.
post 1610722021 07-15-2020, 08:27 PM
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Originally Posted By Bluestar92
This. Also bitcoin is bad.
Gold good
Bitcoin bad
Recession inevitable
Buy gold
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post 1610722091 07-15-2020, 08:27 PM
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I watched the episode in the background. It was awful. Peter wouldnt **** the **** up and joe ended up getting high and just trolling peter.
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post 1610722141 07-15-2020, 08:28 PM
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Bitcoin is for โ€œsupplements.โ€ No one should be relying on it to get rich
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HTC 4 life brother!!!

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post 1610722521 07-15-2020, 08:33 PM
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I'm 2 hours in, and it was mostly a "government bad, free market good, everything is a bubble" rant. Surprisingly, he hasn't mentioned gold once so far.

That said, I'm in precious metal stocks and think an economic recession on main street is inevitable at this point, so I'm in no position to criticize.
post 1610722671 07-15-2020, 08:35 PM
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he was just playing libertarian and Laissez-faire capitalism positions to the extreme (as usual).

I've listened to about 2/3's of it so far and he hasn't gotten to gold shilling yet lol. But he is talking about how all the fiscal policies right now might lead to stagflation and the collapse of the US dollar which I think there is some merit in (fed trying to print its way out of the problem). But he's been saying this chit since before the corona virus hit so it's harder to take it seriously coming from him.

He makes many interesting points but I think he has some major revisionist history going on when it comes to talking about the role of govt in various historical periods.
Awesome pics. Great size. Look thick. Solid. Tight. Keep us all posted on your continued progress with any new progress pics or vid clips. Show us what you got man. Wanna see how freakin' huge, solid, thick and tight you can get. Thanks for the motivation.
post 1610722741 07-15-2020, 08:36 PM
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Originally Posted By MediocreGains
I'm 2 hours in, and it was mostly a "government bad, free market good, everything is a bubble" rant.Surprisingly, he hasn't mentioned gold once so far.
If he doesn't shill it before the end I'll light my hair on fire.
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post 1610722941 07-15-2020, 08:39 PM
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Originally Posted By adamsz
he was just playing libertarian and Laissez-faire capitalism positions to the extreme (as usual).

I've listened to about 2/3's of it so far and he hasn't gotten to gold shilling yet lol. But he is talking about how all the fiscal policies right now might lead to stagflation and the collapse of the US dollar which I think there is some merit in (fed trying to print its way out of the problem). But he's been saying this chit since before the corona virus hit so it's harder to take it seriously coming from him.

He makes many interesting points but I think he has some major revisionist history going on when it comes to talking about the role of govt in various historical periods.
I agree with some of what he's saying, but some of these super libertarian guys (such as Schiff) have such a strong ideological bent that it's practically a religion.
post 1610722991 07-15-2020, 08:40 PM
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if I had a dollar every time Schiff said the dollar would collapse the dollar would actually collapse

just another grifter who peddles his own financial products to go along with his doomsday predictions.
Go Canucks Go!



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Et demain toi et moi serons partis
post 1610723201 07-15-2020, 08:43 PM
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Originally Posted By adamsz
But he's been saying this chit since before the corona virus hit so it's harder to take it seriously coming from him.
He peddles the recession doom constantly for the past decades. Never stops. His business is to sell gold.

He keeps talking about how he predicted the 2008 recession. A broken clock is right twice a day.
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post 1610735121 07-15-2020, 11:39 PM
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Originally Posted By Luc1fer
If he doesn't shill it before the end I'll light my hair on fire.
Made it 2:35:30 before he brought up that Rogan should've had a gold clause in his contract, lol. Your hair is safe.
post 1610735401 07-15-2020, 11:45 PM
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Goddamn how does this guy still have such a huge platform?
post 1610735491 07-15-2020, 11:48 PM
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Originally Posted By Luc1fer
Gold good
Bitcoin bad
Recession inevitable
Buy gold
I mean....on Gold he has been bang on...



Little doubt the US is in a technical recession.
post 1610735521 07-15-2020, 11:49 PM
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Originally Posted By Luc1fer
If he doesn't shill it before the end I'll light my hair on fire.
I genuinely believe you would have honored what you said had he not mentioned gold for some reason. I feel like I can trust you.
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post 1610735751 07-15-2020, 11:55 PM
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I mean bitcoins will eventually be worth 0. Even if it does peak to 100k etc..

Itโ€™s based on encryption and eventually technology will catch up to the point of making it worthless.
post 1610735761 07-15-2020, 11:55 PM
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Originally Posted By MediocreGains
Made it 2:35:30 before he brought up that Rogan should've had a gold clause in his contract, lol. Your hair is safe.
phew
Originally Posted By KennyFisher
I mean....on Gold he has been bang on...



Little doubt the US is in a technical recession.
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post 1610735801 07-15-2020, 11:57 PM
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Originally Posted By KennyFisher
I mean....on Gold he has been bang on...



Little doubt the US is in a technical recession.
True, but I don't see much point in buying physical gold for some doomsday scenario, especially since money will probably be the least of your concerns then.

That's why I like gold and silver mining stocks. You get to take advantage of the rising prices and get a better return on your investment.
post 1610736041 07-16-2020, 12:03 AM
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Originally Posted By MediocreGains
That's why I like gold and silver mining stocks. You get to take advantage of the rising prices and get a better return on your investment.
Can you give me the tickers, or ETF? Curious how well they mitigated previous recessions.
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post 1610737361 07-16-2020, 12:31 AM
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Originally Posted By MediocreGains
True, but I don't see much point in buying physical gold for some doomsday scenario, especially since money will probably be the least of your concerns then.

That's why I like gold and silver mining stocks. You get to take advantage of the rising prices and get a better return on your investment.
I buy speccy gold explorers.

Get in cheap, when they make a discovery, they pop.
post 1610738531 07-16-2020, 12:55 AM
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Originally Posted By Luc1fer
Can you give me the tickers, or ETF? Curious how well they mitigated previous recessions.
Iโ€™m in NEM, PAAS, AG, and THM. GDX and SIL are gold and silver mining ETFs respectively.

That said, entry point matters with precious metals since they donโ€™t always go up in the long term. I think theyโ€™ll keep going up if the economy remains weak and the Fed keeps printing, but theyโ€™re already up a lot so Iโ€™m not sure if now is a good time to buy. And if the stock market crashes, these will drop along with everything else, at least temporarily.
post 1610738781 07-16-2020, 01:00 AM
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Originally Posted By MediocreGains
True, but I don't see much point in buying physical gold for some doomsday scenario, especially since money will probably be the least of your concerns then.

That's why I like gold and silver mining stocks. You get to take advantage of the rising prices and get a better return on your investment.
not buying physical gold is missing the entire point of gold
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post 1610738951 07-16-2020, 01:02 AM
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If you're gonna do the precious metal thing, buy coins and bullion.
post 1610740191 07-16-2020, 01:35 AM
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I don't know. Schiff seemed to make a ton of sense to me. How is it possible that the fed printing money the way they are doesn't end up biting us some how? This does not seem sustainable at all. Massive national debt, seemingly unlimited quantitative easing, and they're basically shutting the country down again. That means either people will be homeless and poor really soon, or MORE free fed money. Someone teach me something please.
post 1610740351 07-16-2020, 01:40 AM
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Originally Posted By PermaBulk610
I don't know. Schiff seemed to make a ton of sense to me. How is it possible that the fed printing money the way they are doesn't end up biting us some how? This does not seem sustainable at all. Massive national debt, seemingly unlimited quantitative easing, and they're basically shutting the country down again. That means either people will be homeless and poor really soon, or MORE free fed money. Someone teach me something please.
It's more the case of him going on like this for years, even during a bull market, and not that he's wrong right now. Hence, "even a broken clock is right twice a day."
post 1610740401 07-16-2020, 01:41 AM
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Originally Posted By MediocreGains
I'm 2 hours in, and it was mostly a "government bad, free market good, everything is a bubble" rant. Surprisingly, he hasn't mentioned gold once so far.

That said, I'm in precious metal stocks and think an economic recession on main street is inevitable at this point, so I'm in no position to criticize.
Damn Mr Schiff. Looking thick, solid, tight.
No sig crew
post 1610741031 07-16-2020, 01:54 AM
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Originally Posted By adamsz
he was just playing libertarian and Laissez-faire capitalism positions to the extreme (as usual).

I've listened to about 2/3's of it so far and he hasn't gotten to gold shilling yet lol. But he is talking about how all the fiscal policies right now might lead to stagflation and the collapse of the US dollar which I think there is some merit in (fed trying to print its way out of the problem). But he's been saying this chit since before the corona virus hit so it's harder to take it seriously coming from him.

He makes many interesting points but I think he has some major revisionist history going on when it comes to talking about the role of govt in various historical periods.
Originally Posted By VTheKing
if I had a dollar every time Schiff said the dollar would collapse the dollar would actually collapse

just another grifter who peddles his own financial products to go along with his doomsday predictions.
Originally Posted By Luc1fer
He peddles the recession doom constantly for the past decades. Never stops. His business is to sell gold.

He keeps talking about how he predicted the 2008 recession. A broken clock is right twice a day.
Trying to make it simple for you three.


- The US economy is broken and will collapse. Not a matter of "if", but a matter of WHEN. This is certain.

- However, US politicians will not allow us to fix the economy, which will take a lot of pain and bankruptcies. They want to get re-elected. They don't want the stain on their name.

- So, they are using tools such as inflation, aka Quantative Easing, printing money, and going further into debt, to artifically prop up the economy

- They have been doing this for at least 15 years, and will continue to do it until we can't do it anymore


Just because the dollar hasn't collapsed yet, does not mean Schiff is wrong. It simply means the doctor is keeping his brain dead patient on life support for as long as he can, and refuses to call a time of death.
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post 1610741071 07-16-2020, 01:55 AM
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did this dude snort speed before the podcast or what
post 1611228331 07-21-2020, 06:57 AM
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Originally Posted By MediocreGains
Iโ€™m in NEM, PAAS, AG, and THM. GDX and SIL are gold and silver mining ETFs respectively.

That said, entry point matters with precious metals since they donโ€™t always go up in the long term. I think theyโ€™ll keep going up if the economy remains weak and the Fed keeps printing,
but theyโ€™re already up a lot so Iโ€™m not sure if now is a good time to buy.
And if the stock market crashes, these will drop along with everything else, at least temporarily.
Well, so much for that. Gold keeps going up, and silver just launched into space. Then again, if I knew how to time this, I'd be rich.
post 1611229511 07-21-2020, 07:15 AM
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Schiff is a genius. He's predicted 19 of the last 2 market crashes.
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