People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
I consider the introduction of a Bitcoin ETF to be a watershed moment in the financial markets. Normally, I wouldn't buy-and-hold assets, but eight months ago, I spent more than $300,000, and it warms my heart that this is still happening. We are now approaching a bull run, and I am confident that I will regain everything I lost.
Cryptocurrency is booming, particularly giants such as BTC and ETH. However, the market's rollercoaster nature is putting even the most seasoned investors to the test. This is why we should look for proper market analysis or seek guidance from certified market strategists
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
I have a female advisor named Stacy Lynn Staples. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 15 years of experience is certainly striking! very much appreciate it
@@funkspinnabitcoin has intrinsic value - pure scarcity and unfungability. Gold is mainly valuable for these two qualities. But if one day we find a huge undiscovered deposit it start mining asteroids, the value will plummet.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a Bitcoin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
How can one start, most times people don't know where to start when it comes to crypto. But it would be great if you can provide proper guidance on steps to follow please
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Coach Richard Abayo. A widely known crypto consultant
I started working with Coach Richard Abayo back in August, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
@@tinfoilhatplumber485Stop being ridiculous. Whatever Gold the US has, which nobody believes, was bought in the old world. They have not stock piled gold because they aren't stupid. Bitcoin is the new world. Time to wake up or be left behind.
I know that man (Mark hutchinson )If you were born and raised in new York you'd know too, No Bingle doubt he’s is the one that helped you get where you are!!
Thanks for the educative video I'm so glad to share my experience here. I first got into BTC back in 2019 and I was hodling/buying sats at different price points. but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 110k and I’m up with 580k in a short period of time all thanks to Harry’s Dent.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Harry’s Dent insights.
I'm surprised that you just mentioned and recommended Harry’s Dent, I met him at a conference in 2019 and we have been working together ever since. He consistently tracks and reviews investment performance, which helps in fine-tuning strategies and making informed adjustments as needed.
You are missing the point. I gave up stacking fiat $ a long time ago. I just keep stacking sats (and gold and silver, too). I will never sell for fiat. Ever. I admit, I own some altcoins, like $SOL, $ADA, etc. that I do intend to sell for more G.S.B. but never for fiat. I am confident a bitcoin standard is the future, whether it be 10 years from now or 50 years from now. But if it is a gold standard, I will be prepared for that, too.
Thanks for the update, keep up the good work. Learned a lot from my market journey, especially the importance of living within one's means. With Leila Cato’s guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind
Nice to see this here..Her expertise in technical analysis and chart interpretation has been instrumental in my trading success. ., she has definitely delivered solutions well above my expectations.
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, just by applying her strategies, I now trade independently.
Really? Oh well, good luck with that. Have you seen the volatility the last few months! No thanks. It’s going to go down so hard as this recession hits in
It's smart if you take your gains back into gold. BTC is less than 20s year's old most stores of value have been around longer and still fail over time compared to gold and silver.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800 k
To be successfully in life one must take risk, investing brings success that’s why the rich will never come out in public to tell you how they make their money
The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now, how do you guys still make so much….?
Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds... But miss julia lembcke , restored hope shes a good woman
I've stuck with the popularly *Julia Gilels Lembcke* for about four years now, and her performance has been consistently impressive. She’s quite known in her field
You're right! I've been trying to trade but I keep making losses and it's frustrating Who is your mentor please. how can I reach her I really need help
Bitcoin still doesn't have any intrinsic value, and the Bitcoin industry has to keep making up "properties" of Bitcoin to tell everybody it has value. A few years ago everybody said, that being decentralized is the most valuable property of Bitcoin and now people are telling that it is a great idea to buy Bitcoin through third parties like PayPal which then takes custody of your Bitcoin ... Another funny aspect is that if people are comparing Bitcoin to Gold, they are always referring to price changes within the last years. If these price changes are the be all end all to evaluate an asset, Dogecoin is much better than Bitcoin, but strangely most Bitcoiners hate Dogecoin.
@@Tappo454 CURRENT 96k price tag.... you could wake up and its 50k lmao and you better believe the whales can exit way faster than any of the little turds can. Take bitcoin anywhere to buy something and get laughed at. Its a hype play
Only part I agree with is the getting rid of gold for Bitcoin. The U.S. should be doubling down on its gold reserves, AND buying 2 to 4 million Bitcoin besides. Just run the printers to buy it.
He's going to be even more pissed when bitcoin goes into the millions. But THe government doesn't need to sell any of its gold to buy bitcoin. it literally has an unlimited money printer at its disposal. I say keep both.
I can't believe Michelle left! I just read the press release: "To streamline operations, the company has announced the departure of two esteemed news anchors, Michael McCrae and Michelle Makori, editor-in-chief and lead anchor for Kitco News..."
I'm the favorite, 60,000 dollars every week! Now I can give back to people in my community and also support the work of God and the church. I am grateful to God
1. I liked Peter's response to UA/RUS war. Too many Americans talking BS about that conflict. Too many just ignorant and still ready to speak about. I am Polish and find many opinions on that subject amusing. 2, The lines on US budget deadlock great and informative.
Gold can be put on a blockchain and actually something real instead of digits on a screen. Just look at all of the bitcoin miners drowning in debt. If it goes to 50,000 again and stays for a year most of them will be bankrupt. It’s dead long term.
Gold is not hard to verify or transport. Storage is actually better than digital wallets that can be hacked. Only reason it’s hard to divide is because of inflation. That’s where constitutional silver comes in.
@ yep how much gold is stolen every year compared to bitcoin!! Boom conversation over gold is the only way to go!! Look it up the secure asset is stolen magnitudes more because it’s easy to steal!! If it wasn’t easier to steal the numbers would be lower correct? As these bitcoin guys say the numbers don’t lie!! LOL!! It’s too easy!!
@@P__114 how much bitcoin is stolen every year compared to gold? Excuses are coming and coming. Half to have a secure wallet, have to secure your password, have to have to have to have to not lose your password! More bitcoin passwords have been lost than all the gold lost in the last 100 years! Keep telling yourselves it secure! Bitcoin the digital illusion distraction pyramid scheme. Not blockchain just bitcoin. I can’t wait for the EMP to come and hear the crying.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
I read your comment section that got me in touch and I think it's a brilliant idea for you to make such a choice here I have been in the market for a long time now and I'm holding xrp
The problem with gold stocks is share dilution. Gold miners sold stock to survive from 2013 to 2022. Just look at the number of shares in each company over the last decade. Gold needs to perform better for the miners to go up significantly.
Selling off their gold for Bitcoin is brilliant. Gold is not verifiable nor is it easily transportable. Bitcoin is verifiable and easily transported, and everyone around the world can prove it.
@@roychin6460 oh it’s very real. Just because you don’t believe it doesn’t mean it ain’t so. You better get some before this opportunity passes you by.
Diversifying the asset basket is always the best thing from the financial point of view. Gold is just another asset, it is not that much special. Digital assets and property have better future on the horizon.
I'll give Schiff one thing on this subject. The logistic cost of holding gold is possibly worthwhile for the US government. It is not for the average person.
The world’s biggest gold salesman has been perpetually wrong about Bitcoin for 15 years. It’s almost as if he’s incentivized to always throw shade at bitcoin. 🤭
Peter: Let us assume Bitcoin has no intrinsic value. My question to you is: If ordinary people, business, governments agree that it is useful, does it not have value? Is it not the same situation with all software people pay to use or agree to watch the ads that pay for it. Google, Microsoft Word, etc., have no intrinsic value but have value because they are useful. I agree there is lots of speculation with BTC, just like there is with NVidia stock, gold, etc.; holders expect to sell them at a higher price to future "fools". I think you are a little too rigid in your belief BTC has zero value. I wonder if you sat down in private with people like Michael Saylor, Larry Fink and many others who have accepted BTC is useful. If there is consensus that BTC is useful then BTC is like gold even if it is not a material object. After all, gold is valuable and was valuable before it had any industrial uses, because most humans agree gold is beautiful and is scarce.
Bitcoin is a digital illusion/ distraction. All major central banks hold gold and some have outlawed it. Most western banks hold gold in an account called revaluation account. It’s a matter of time before it’s revalued up.
His stubborn attitude makes him horrible to watch. He's been debated and lost many times and continues to lie to fund his gold business. He is ridiculously corrupt.
@@TonyL-gw4qx Money was backed by gold way back in 1912 when J.P. Morgan said that. Today, J.P. Morgan would dump gold for bitcoin. He would understand that bitcoin has solved the problems that make gold ALWAYS FAIL as money. Bitcoin is money that can't be printed. Just spend it. No need to go to some sleazy banker to get metal before they steal your purchasing power.
How will we know if they sell it or not. This could be a way of breaking it to us that the gold is gone. They buy bitcoin and say yea we sold the gold to do it.
Peter Schiff not selling his gold to buy bitcoin was the worst decision. He has to live with that regret every day, and unfortunately refuses to learn or to admit that he’s wrong
Nah, just own Bitcoin. Why own gold? There is no reason to own an asset that is trending to $0 against its opposing asset Bitcoin. Silly position to have if I have any say.
@@Bitcoin_Dominion Gold has Zero connection to bitcon . To know bitcon is mal investment stands on it's own . The fact is bitcon is desperate for a connection to gold because it is worthless on it's own .
It's especially devastating for Kitco if retail realizes that they don't have a 3% premium charge for the purchase of BTC vs. buying gold. These videos are essentially manipulative advertisements. In today's economy, 3% is an absurd transactional fee. 😂
I am at the beginning of my "investment journey", planning to put 185K into dividend stocks so that I will be making up to 30% per year in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated..
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..
Depends on the country. Where I live, gold is fully tax free and silver coins that aren't made in the current year only get VAT added to the dealer's spread.
Finally, a poster who gets it. As I’ve said before: Bitcoin outperforms gold for growing wealth, whereas gold outperforms Bitcoin for retaining wealth during its correction. It is the most obvious trade. Good luck to those who think just holding gold bars will make them wealthy. It’s akin to being happy to cross the finish line, ignoring that Bitcoin has lapped you several times. But sure, I’ll hop in that gold car whilst Bitcoin is in the pits…then get back out and annihilate it once more.
@@Bitcoin_Dominion You don't have to own 50%/50%, you can own 1-10% gold to 90-99% Bitcoin. But putting all your assets in one thing is reckless. Or other words, gambling.
I love your take on blockchain technology! On another note, I was wondering: I hold a OKX wallet containing USDT and I have the seed phrase (stereo blade emotion empower fence position oil crouch crisp churn bachelor hidden). How can I withdraw them to Bitcoin? Thanks a million.
@18:04 Oh Peter... You think you have regrets NOW? Just wait! The best time to buy Bitcoin was yesterday. Next best time to buy is today. And NEVER SELL! Don't you realize that the world is going to a Bitcoin standard? Fiat is dying the slow death.
KITCO, seriously, you are courting your own demise by entertaining the likes of Schiff the Doomsayer. He is human clickbait who trades in fear p0rn, period. Please think bigger.
Peter is correct about so much yet apparently wrong about MSTR. I'm structuring an option position in MSTR that accounts for the fact that he might be right about MSTR. Accumulate an inventory of long puts before selling MSTR weekly puts like the degen that I am.
One thing Peter misses is that few people or organizations have the "reach" that Elon has with X. When he and Vivek find ridiculous waste,it will not only be a recommendation to the proper government oversight agencies; but also broadcast to the general public,who(if outraged enough)will pressure their representatives to support action to eliminate the waste. In short, there is the potential to overcome the lobbyist pressure with mass outrage at wasted tax dollars.
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
I consider the introduction of a Bitcoin ETF to be a watershed moment in the financial markets. Normally, I wouldn't buy-and-hold assets, but eight months ago, I spent more than $300,000, and it warms my heart that this is still happening. We are now approaching a bull run, and I am confident that I will regain everything I lost.
Cryptocurrency is booming, particularly giants such as BTC and ETH. However, the market's rollercoaster nature is putting even the most seasoned investors to the test. This is why we should look for proper market analysis or seek guidance from certified market strategists
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I think this is something I should do, but I've been stalling for a long time now. Mind if I ask you to recommend this particular coach you using their service?
I have a female advisor named Stacy Lynn Staples. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 15 years of experience is certainly striking! very much appreciate it
I remember peter saying buying bitcoin at 1 thousand dollars is a bad idea.
There is a world where it's ok to own both...
Agree! "And" not "or".
This was the start of the bubble !
the guy is narrow minded that's all, !
Bitcoin is for suckers but making money before suckers start dumping is a smart move.
@@BonnieDupaywhen it’s 500 k to 5 million plus I am gonna stop back by here and laugh at you clown
Peter Schiff is the equivalent to a farmer that only owns horses and is complaining about the internal combustion engine.
The internal combustion engine itself has actual intrinsic value, use.
That’s like saying the SWIFT banking system has no intrinsic value. I feel like I’m talking to gam-gam about credit cards.
❤😂😂😂
@@funkspinnabitcoin has intrinsic value - pure scarcity and unfungability.
Gold is mainly valuable for these two qualities. But if one day we find a huge undiscovered deposit it start mining asteroids, the value will plummet.
But we know who invented the combustion engine.
I am bullish for $XAI533K and $NEXO only!!
Fake AI scam token promoted by fake youtube influencer accounts! AVOID THESE SPAM COMMENTS! Kitco clean up your comment section!
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a Bitcoin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
How can one start, most times people don't know where to start when it comes to crypto.
But it would be great if you can provide proper guidance on steps to follow please
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Coach Richard Abayo. A widely known crypto consultant
I've come across this name before, is he really reliable?
I started working with Coach Richard Abayo back in August, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
Mind if I ask you to recommend how to reach this particular coach you using their service?
Peter is wrong, Bitcoin is not dependent on government.
Really , is that why the US government is the biggest holder...
@@tinfoilhatplumber485Stop being ridiculous. Whatever Gold the US has, which nobody believes, was bought in the old world. They have not stock piled gold because they aren't stupid. Bitcoin is the new world. Time to wake up or be left behind.
@@tinfoilhatplumber485 They own bitcoin and not the network.
Yes it just like it depending on institution money now. Why do u think michael saylor is going around promoting it. He is taking on alot of leverage
They have never tried to regulate it though and they could.
One of the deeper rungs of hell must be Peter Schiff and Michael Saylor bickering over each other for all eternity.
No bickering; Saylor will console Peter
he has been wrog about BTC for like 15 years, but he keeps at it. It is beyond embarrising
Yep, exactly.
Madoff ponzi scheme lasted almost 20 years
@@yourneighborhoodwrong
@@CondemnedToBeMe It can take decades for some bubbles to burst.
@@tingtong5898 it can take longer to educate fools.
Nice content. To me, trading the forex and crypto market is way better than any online investment 💯
I'm feeling really motivated.
Can you share some details about the biweekly topic you brought up?
Thanks to my co-worker (Alex) who suggested Mr Mark hutchinson
WOW 😳I know him too! Mark hutchinson is a remarkable individual whom has brought immense positivity and inspiration into my life.
I got started with a miserly $7000. The results have been mind blowing I must say
TBH!!
I know that man (Mark hutchinson )If you were born and raised in new York you'd know too, No Bingle doubt he’s is the one that helped you get where you are!!
Thanks for the educative video I'm so glad to share my experience here. I first got into BTC back in 2019 and I was hodling/buying sats at different price points. but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 110k and I’m up with 580k in a short period of time all thanks to Harry’s Dent.
I checked the name online and was able to find him, thanks.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Harry’s Dent insights.
Thanks, I just googled him I'm really impressed with his credentials. . I will write him an e-mail shortly.
He's really good in studying the market and making a strategy and i am learning so much from him already...
I'm surprised that you just mentioned and recommended Harry’s Dent, I met him at a conference in 2019 and we have been working together ever since. He consistently tracks and reviews investment performance, which helps in fine-tuning strategies and making informed adjustments as needed.
Bro, i bought XAI533K in November after your video. i'm up 379%.
Fake AI scam token promoted by fake youtube influencer accounts! AVOID THESE SPAM COMMENTS! Kitco clean up your comment section!
All of these paper gains in the comments on BTC. You better relalise some of this gain or you will be the fool when the bubble bursts.
You are missing the point. I gave up stacking fiat $ a long time ago. I just keep stacking sats (and gold and silver, too). I will never sell for fiat. Ever. I admit, I own some altcoins, like $SOL, $ADA, etc. that I do intend to sell for more G.S.B. but never for fiat. I am confident a bitcoin standard is the future, whether it be 10 years from now or 50 years from now. But if it is a gold standard, I will be prepared for that, too.
Gradually people will start losing faith in gold.. and this is the top
Rug pull incoming across the board.
Thanks for the update, keep up the good work. Learned a lot from my market journey, especially the importance of living within one's means. With Leila Cato’s guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind
Nice to see this here..Her expertise in technical analysis and chart interpretation has been instrumental in my trading success. ., she has definitely delivered solutions well above my expectations.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, just by applying her strategies, I now trade independently.
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
I knew about Leila Cato Strategy when I first started watching educational videos on bitcoin. Nice.
"Fools Gold" Bitcoin Ponzi.
$ONDO and $XAI533K will reign supreme in this cycle $XAI533K will move much faster than Solana. Youre welcome.
Fake AI scam token promoted by fake youtube influencer accounts! AVOID THESE SPAM COMMENTS! Kitco clean up your comment section!
I sold my gold and silver for bitcoin 5 years ago and never looked back. Best decision I ever made.
Not smart.
Really? Oh well, good luck with that. Have you seen the volatility the last few months! No thanks. It’s going to go down so hard as this recession hits in
@@bdek68ya now is such a bad time to really buy anything imo. Just gotta make sure you DCA.
Ditto!
It's smart if you take your gains back into gold. BTC is less than 20s year's old most stores of value have been around longer and still fail over time compared to gold and silver.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800 k
To be successfully in life one must take risk, investing brings success that’s why the rich will never come out in public to tell you how they make their money
The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now, how do you guys still make so much….?
Venturing into crypto as a newbie was very difficult due to lack of experience which resulted in loosing funds... But miss julia lembcke , restored hope shes a good woman
I've stuck with the popularly *Julia Gilels Lembcke* for about four years now, and her performance has been consistently impressive. She’s quite known in her field
You're right! I've been trying to trade but I keep making losses and it's frustrating
Who is your mentor please. how can I reach her I really need help
Bitcoin to $20k again coming soon
Bitcoin to $200k coming soon
imagine having to stubbornly fight the greatest ever bull market.
You mean nft type bubble
@fzr1000981 even if i was to concede that its still the greatest one ever.
@@dekzzxprice bubbles come and go all the time
@@dekzzxprice bubbles come and go all the time
Imagine listening to him stubbornly for 10 years like I did
To each his own, I've been selling my personal stack of precious metals for Bitcoin since fall of 2023 and am happy with the financial gain.
I bought some in 2013 when it was 50 bucks. Bitcoin will continue on the upward track and pass a million dollars.
It's an NFT type bubble
@@yourneighborhoodpure fantasy
@@yourneighborhoodunless you have 1 BTC that doesn’t really mean anything
@@yourneighborhood dreamer
Who the hell is listening to schiff? He has been wrong about bitcoin...Period.
He owns it
Bitcoin still doesn't have any intrinsic value, and the Bitcoin industry has to keep making up "properties" of Bitcoin to tell everybody it has value. A few years ago everybody said, that being decentralized is the most valuable property of Bitcoin and now people are telling that it is a great idea to buy Bitcoin through third parties like PayPal which then takes custody of your Bitcoin ... Another funny aspect is that if people are comparing Bitcoin to Gold, they are always referring to price changes within the last years. If these price changes are the be all end all to evaluate an asset, Dogecoin is much better than Bitcoin, but strangely most Bitcoiners hate Dogecoin.
Lol they are gonna rugpull bitcrap dude. Its worth 100k and you still cant buy bread or gas with it anywhere lmao! Its worthless.
@@JasonAldeann-bt4xf that's hilarious. The $96k price tag and nearly $2 Trillion market cap would suggest otherwise🤔
@@Tappo454 CURRENT 96k price tag.... you could wake up and its 50k lmao and you better believe the whales can exit way faster than any of the little turds can. Take bitcoin anywhere to buy something and get laughed at. Its a hype play
Only part I agree with is the getting rid of gold for Bitcoin. The U.S. should be doubling down on its gold reserves, AND buying 2 to 4 million Bitcoin besides. Just run the printers to buy it.
Anyone old enough to recall "The Brown Bottom? Politicians never learn from their mistakes!
Peter doesn't look happy these days at all.
He's going to be even more pissed when bitcoin goes into the millions. But THe government doesn't need to sell any of its gold to buy bitcoin. it literally has an unlimited money printer at its disposal. I say keep both.
@@Fanta.... Well said👍👍
So power law says go all in XAI533K and hold for the 10 years. Okay let's do it! YOLO
Fake AI scam token promoted by fake youtube influencer accounts! AVOID THESE SPAM COMMENTS! Kitco clean up your comment section!
I was poor, now Im a millionare. BITCOIN!
Peter Schiff is a legend! Love how he never sugar coats anything. I would give you 100 thumbs up for this if YT would allow me to. Thank you!
If I could thumb it down 100 times for his crypto stance I would 😂
This is gold's best year in 10 yrs! Btc rate of return blows gold away. Peter is jealous of btc success!
You nailed it 😂
LOL,LOL,LOL,LOL.... Schiff is going to need a place to hide.
Gold’s stock to flow will always be around 50. Bitcoin’s stock to flow will go to infinity in 2140.
I can't believe Michelle left!
I just read the press release:
"To streamline operations, the company has announced the departure of two esteemed news anchors, Michael McCrae and Michelle Makori, editor-in-chief and lead anchor for Kitco News..."
There’s probably no gold to sell! It’s not like Bitcoin’s blockchain allowing us to do an independent audit 😹
In my opinion, XRP will be the biggest story to come out of the next bull run, the same thing I said during the announcement of elizzarda.
XRP is digital fiat...
How long have you been in the space?
Yea bro, hit a new ATH then come back with ya nonsense. All this good news and it’s still way off
Kamala's XRP?
Xrp is cbdc rail
Bro is in the business of selling gold...
Just by btc, make you stake in cyber space... save your future.
I'm the favorite, 60,000 dollars every week! Now I can give back to people in my community and also support the work of God and the church. I am grateful to God
It was with the help of Noah Max trade that made me who I am today.
I know I'm lucky, otherwise I wouldn't have met someone as spectacular as Noah Max trade.
Noahmaxtrade
I remeber when peter schiff was saying bitcoin would never be worth more than an ounce of gold.
lol rekt
1. I liked Peter's response to UA/RUS war. Too many Americans talking BS about that conflict. Too many just ignorant and still ready to speak about. I am Polish and find many opinions on that subject amusing. 2, The lines on US budget deadlock great and informative.
👍👍👍❤
Gold is hard to verify, hard to divide, hard to transport, and hard to store. Enjoy!
Gold can be put on a blockchain and actually something real instead of digits on a screen. Just look at all of the bitcoin miners drowning in debt. If it goes to 50,000 again and stays for a year most of them will be bankrupt. It’s dead long term.
Gold is not hard to verify or transport. Storage is actually better than digital wallets that can be hacked. Only reason it’s hard to divide is because of inflation. That’s where constitutional silver comes in.
@ yep how much gold is stolen every year compared to bitcoin!! Boom conversation over gold is the only way to go!!
Look it up the secure asset is stolen magnitudes more because it’s easy to steal!! If it wasn’t easier to steal the numbers would be lower correct?
As these bitcoin guys say the numbers don’t lie!! LOL!! It’s too easy!!
@@P__114 how much bitcoin is stolen every year compared to gold? Excuses are coming and coming.
Half to have a secure wallet, have to secure your password, have to have to have to have to not lose your password!
More bitcoin passwords have been lost than all the gold lost in the last 100 years!
Keep telling yourselves it secure! Bitcoin the digital illusion distraction pyramid scheme.
Not blockchain just bitcoin. I can’t wait for the EMP to come and hear the crying.
Gold is easy if you own 1 or 2 oz. If you have 50 thousand oz good luck
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to FELD Fred 🙌
I read your comment section that got me in touch and I think it's a brilliant idea for you to make such a choice here I have been in the market for a long time now and I'm holding xrp
In the Crypto market you only need a professional broke which will take you so long to find one and you might lose all your funds to get one
Yes actually I totally agree with you now I found one I'm here to know the right coin to purchase for trading I have a mentor
The problem with gold stocks is share dilution. Gold miners sold stock to survive from 2013 to 2022. Just look at the number of shares in each company over the last decade. Gold needs to perform better for the miners to go up significantly.
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They’re just “announcing” they will sell gold but they will just print paper instead to buy bitcoin. That’s when Bitcoin with hit escape velocity.
I don't think so. Too many eyes watching.
Great analysis by Peter.
“Wars are great for gold.” -Peter Schiff
👏 Congratulations on all of your gains Peter.
Friggin' A, Jeremy! Peter Schiff is Da Man! Having him on assures me listening. Great interview!
Selling off their gold for Bitcoin is brilliant. Gold is not verifiable nor is it easily transportable. Bitcoin is verifiable and easily transported, and everyone around the world can prove it.
A string of numbers with no connection to money has no value. Tokenized gold is readily developed
its also a figment of the imagination .
@@roychin6460 oh it’s very real. Just because you don’t believe it doesn’t mean it ain’t so. You better get some before this opportunity passes you by.
😂😂😂it’s worthless
"Gold is not verifiable" - you heard it here first, folks.
Diversifying the asset basket is always the best thing from the financial point of view. Gold is just another asset, it is not that much special. Digital assets and property have better future on the horizon.
I'll give Schiff one thing on this subject. The logistic cost of holding gold is possibly worthwhile for the US government. It is not for the average person.
The world’s biggest gold salesman has been perpetually wrong about Bitcoin for 15 years. It’s almost as if he’s incentivized to always throw shade at bitcoin. 🤭
Another great and informative interview Jeremy. Pete provides logical fin'l analysis both on today and into the future!
Pretty sure he holds very little gold. Dude that talks lke this should be 100% gold.
Sell it to jubilation. I'm reading the comments, so it's time to sell it
I don't blame Peter for being an idiot, but I would blame reporters still interviewing this guy. Such a waste of time!
Peter: Let us assume Bitcoin has no intrinsic value. My question to you is: If ordinary people, business, governments agree that it is useful, does it not have value? Is it not the same situation with all software people pay to use or agree to watch the ads that pay for it. Google, Microsoft Word, etc., have no intrinsic value but have value because they are useful.
I agree there is lots of speculation with BTC, just like there is with NVidia stock, gold, etc.; holders expect to sell them at a higher price to future "fools".
I think you are a little too rigid in your belief BTC has zero value. I wonder if you sat down in private with people like Michael Saylor, Larry Fink and many others who have accepted BTC is useful.
If there is consensus that BTC is useful then BTC is like gold even if it is not a material object. After all, gold is valuable and was valuable before it had any industrial uses, because most humans agree gold is beautiful and is scarce.
I like Peter and usually agree with him, which makes watching him be wrong about bitcoin for like a decade really hard to watch
Bitcoin is a digital illusion/ distraction. All major central banks hold gold and some have outlawed it. Most western banks hold gold in an account called revaluation account. It’s a matter of time before it’s revalued up.
His stubborn attitude makes him horrible to watch. He's been debated and lost many times and continues to lie to fund his gold business. He is ridiculously corrupt.
@ because he speaks facts !! In the words of a famous banker “ Gold is money, everything else is credit”.
Who said that?
@@TonyL-gw4qx Money was backed by gold way back in 1912 when J.P. Morgan said that. Today, J.P. Morgan would dump gold for bitcoin. He would understand that bitcoin has solved the problems that make gold ALWAYS FAIL as money. Bitcoin is money that can't be printed. Just spend it. No need to go to some sleazy banker to get metal before they steal your purchasing power.
He’s said imma get you outta here 😂😂😂
I knew who this was going to be before I looked at the name. 😂
How will we know if they sell it or not. This could be a way of breaking it to us that the gold is gone. They buy bitcoin and say yea we sold the gold to do it.
The plan is to convert some of it. Not all.
Bitcoin can be verified, gold holdings can not.
Schiff- you need to be fact checked - nation states, pension funds, financial institutions all in on BTC…in addition to Michael Saylor.
NFT style bubble
the dianasour Pere is still living in his bobble!
Poor deluded Peter. Lost millions for his long suffering clients!!
Listening to Peter's advice on not buying Bitcoin over the last 10 years was everyone's worst mistake.
If you listened to Schiff, you've missed out on huge gains. bitcoin is 10x better than gold.
Bitcoin will be million bucks and peter puff will say dont buy it its going to zero. Meanwhile gold just hit 2800 cuck bucks
For now.
Peter Schiff not selling his gold to buy bitcoin was the worst decision. He has to live with that regret every day, and unfortunately refuses to learn or to admit that he’s wrong
Keep in mind that for every 1oz of gold these honest people sell at least 300oz of paper gold
I agree and recommend you have both.
Nah, just own Bitcoin. Why own gold? There is no reason to own an asset that is trending to $0 against its opposing asset Bitcoin. Silly position to have if I have any say.
Such a conman and liar.
We gave ukraine and israel $400 Billions in total. Why does pending $100B on bitcoin bothers Peter so much?
Because it won't help to pump his gold bags and business.
I would love 2 👀 a Peter Schiff vs Michael Saylor Debate....make it happen KITCO!
China recently found a huge gold deposit. It will affect the price of gold.
Peter is correct
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
You must be another gold business. Seriously gives up on the BS.
@@Bitcoin_Dominion Gold has Zero connection to bitcon . To know bitcon is mal investment stands on it's own . The fact is bitcon is desperate for a connection to gold because it is worthless on it's own .
It's especially devastating for Kitco if retail realizes that they don't have a 3% premium charge for the purchase of BTC vs. buying gold. These videos are essentially manipulative advertisements. In today's economy, 3% is an absurd transactional fee. 😂
PETER SCHIFF ❤❤❤
Are you his mom?
I am at the beginning of my "investment journey", planning to put 185K into dividend stocks so that I will be making up to 30% per year in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated..
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..
look up her name on the web for her website.
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European investors are less attracted to the physical metals because of high VA Taxes at point of sale.
Depends on the country. Where I live, gold is fully tax free and silver coins that aren't made in the current year only get VAT added to the dealer's spread.
Jeremy is a goat! legend!
If you substitute everying Peter says about gold with Bitcoin, he's actually agreeable.
You mean BitCON- the greatest ever Ponzi Scheme
@edpalmieri8647 - wrong! usa federal reserve note is greatest ponzi scheme ever.
@@edpalmieri8647you mean federal reserve notes are the greatest ponzi scheme
Federal reserve notes are a ponzi scheme
@@edpalmieri8647F3d der al r3serve notes are a pon zi
Bitcoins atomic number?
Peter Schiff is a man of his times. The 12th Century 😅😅
I spent about a grand on silver around twelve years ago but truly wish id bought bitcoin i would be very happy now
Peter is reading that teleprompter like he doesn't talk about this every single day. I guess we're all getting older.
Own both gold and bitcoin.
Finally, a poster who gets it. As I’ve said before: Bitcoin outperforms gold for growing wealth, whereas gold outperforms Bitcoin for retaining wealth during its correction. It is the most obvious trade.
Good luck to those who think just holding gold bars will make them wealthy. It’s akin to being happy to cross the finish line, ignoring that Bitcoin has lapped you several times. But sure, I’ll hop in that gold car whilst Bitcoin is in the pits…then get back out and annihilate it once more.
Bro I m with you. Smartest position.
Nah, owning gold just means I own less Bitcoin. Not happening!
@@Bitcoin_Dominion You don't have to own 50%/50%, you can own 1-10% gold to 90-99% Bitcoin. But putting all your assets in one thing is reckless. Or other words, gambling.
If Peter Schiff and Jim Rickards ever got in a debate, I think it would be worse than WW3.
I love your take on blockchain technology! On another note, I was wondering: I hold a OKX wallet containing USDT and I have the seed phrase (stereo blade emotion empower fence position oil crouch crisp churn bachelor hidden). How can I withdraw them to Bitcoin? Thanks a million.
Selling gold for Bitcoin is the smartest decision ever.
the risk of buying bitcoin at $1 was too great to even consider.
@18:04 Oh Peter... You think you have regrets NOW? Just wait! The best time to buy Bitcoin was yesterday. Next best time to buy is today. And NEVER SELL! Don't you realize that the world is going to a Bitcoin standard? Fiat is dying the slow death.
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Paper has no intrinsic value but millions put their energy and trust into it just to watch it melt away
KITCO, seriously, you are courting your own demise by entertaining the likes of Schiff the Doomsayer. He is human clickbait who trades in fear p0rn, period. Please think bigger.
This guy is a dinosaur who has been wrong about bitcoin for a decade. He can’t see the future.
Peter is correct about so much yet apparently wrong about MSTR. I'm structuring an option position in MSTR that accounts for the fact that he might be right about MSTR. Accumulate an inventory of long puts before selling MSTR weekly puts like the degen that I am.
Class action against Schiff !
Everyone thinks they're a genius in a bubble. There are many such Bitcoin geniuses in these comments but they will end up in tears.
One thing Peter misses is that few people or organizations have the "reach" that Elon has with X. When he and Vivek find ridiculous waste,it will not only be a recommendation to the proper government oversight agencies; but also broadcast to the general public,who(if outraged enough)will pressure their representatives to support action to eliminate the waste. In short, there is the potential to overcome the lobbyist pressure with mass outrage at wasted tax dollars.
why is this man still allowed to speak in public? he has been wrong since 15 years and is incapable of admitting it to himself
Just like gordon johnson on tesla stock. The elite want you poor.
The only thing that they can cut is interest rate.