How to Profit on Next Recession | Peter Schiff

[@blayneconroy3035]

Coronavirus sent me here, who else?

[@Bulltardwin]

Word

[@FindingOurFeathers]

Raises hand!

[@leprechaun3677]

The diff is the world is collapsing, so this guys advice is meh. And idk how I feel about gold, not that I know much about it but it’s a fucking shiny rock. Why would I think that was valuable? Ammunition is more valuable to me than gold lol.

[@Bulltardwin]

@@leprechaun3677 American?

[@tr3t]

Yah 😂

[@firelordsozin3677]

Wow this aged well… This guy has been calling it all along. A recession when Trump is up for reelection… Here we are. Here we are.

[@kashay4415]

@Mark Nayda We are not creating new jobs or new GDP, we are just recovering some of the 32% that have been lost

[@jvanleeuwenCdn]

Well if you listened to him you would have done well gold is up to 1900 an ounce now from 1285. I do wonder if Peter will ever come out and say, now you should sell gold.

[@firelordsozin3677]

@@jvanleeuwenCdn seeing how so many of his funds and business revolve around gold, not likely

[@illuminated2438]

LOL, he didn't call anything. President Trump has been the greatest steward of the American economy. The only reason we have economic issues right now is because of a CCP bioweapon designed to cause massive murder and financial loss. And the reason we have problems: Democrats end the other swamp things are milking it for all they can in order to destroy the middle class and make everyone dependent on the government.

[@firelordsozin3677]

@@illuminated2438 Hey man I think your tinfoil hats and a little too tight

[@jimlovesgolf1]

Drinking game: Take a shot every time peter mentions the 2008 financial crisis

[@snailsnail7360]

3:21-3:33 my favorite advice

[@jarekichi]

Hahahaha 👏 👏 👏

[@HomersIlliad]

Where his advice got too real.

[@1martinlocke]

LOL

[@kevinehrlich6988]

Mine too

[@Adam-c3e4n]

SAME

[@avinashjagdeo]

If he keeps saying it, one day he'll be right.

[@demetriustebet3786]

He already has been...

[@avinashjagdeo]

Demetrius Tebet Lol. True. But even a broken clock is right twice a day. I'm sure you've heard.

[@gavinschuette9826]

he was right in 2008, hes one who called it

[@Crypto_ALPHA]

I hate when people say this shit. Dude the fundamental reasons he is going to be right are the exact same as they have always been. No one can predict what crazy economic policies the feds will pull out of their ass to keep it all propped up.

[@avinashjagdeo]

Blockchain Bulls I'm not saying he doesn't make good economic sense at times. Sometimes it's kinda obvious what he saying, but what's funny is he keeps on harping on the topic as if people will magically start listening at some point. Even the guy on the side of the road with the cardboard sign who says the "end is coming" is going to end up being right some day. His time would be better used seeking out the best people he could find with the qualities he's identified and teaching them prudent economic, business and investment skills. Maybe he already does it, I don't know. Because ultimately, these are the people who hold the economy together, despite most people including the feds who screw it up.

[@EverydayElixer]

Today was the day the 2 year and 10 year bond yields inverted. Everything Peter said is currently happening in Aug 2019. The man is a wizard

[@Perfectlysaid]

Are you putting your money in gold?

[@chrisbr1969]

JVD Nessy, everyone should be purchasing gold.

[@ItsMymy]

Chris Branco why

[@dustinjones868]

No he's not. He said a recession would happen , a bad one during Trump's presidency. Yield curve is one indicator of a POSSIBLE recession at SOME POINT in the future ... Earliest 1-2 years. You're not a wizard by predicting a recession will come if you don't get the timing correct. It's like calling me a mad scientist because I predict the sun will come up tomorrow

[@chrisbr1969]

Myles Media, why not

[@natesandoval6917]

Gold is a little over $1500 today August 2019. Hes right. The bubble is about to burst. Inverted yield curve. Trade wars. We are screwed. Buy gold, bitcoin and silver

[@geoengineeringakachemtrail9365]

Excellent stuff Peter Shiff 🥇🥈💯%

[@giuseppedevita4229]

It is easy to predict the next financial crises... Just say it is going to happen , and when it happens say I told you so. What if it happens in 6 years? They are going to say... I Told you so. Dude, timing is king ... If you are out of the mkt now you are missing profits

[@nickzivs]

LOL whoops ... all of the major indices in the US are now negative YTD. Hope you hedged!

[@Alfie-ni7lx]

It's not easy to predict the next collapse how peter does, he actually gives an explanation to why and how. What about the inverse where people say buy buy buy on all the other assets until it completely collapses and people lose everything? No one can predict when the future will happen to a date, there is no crystal ball anything could happen in the mean time but the inevitability of the crash doesn't make peter wrong.

[@gordonmckenney4525]

The Dollar presently is the best dirty shirt in the dirty laundry! I'll take my chance with Gold and Silver!

[@MrSirFluffy]

Reading this a year later, great call lol

[@NPC13377]

Buy physical silver. It's a commodity that's used in products like electronics and has an affordable price point compared to gold.

[@FreakyDeeky69]

So is sugar

[@Sophia-jo7dt]

@@FreakyDeeky69 😅

[@NPC13377]

@NPC Zombie Orange man bad. Silver good.

[@FreakyDeeky69]

@@heardbutnotseen1529 sugar can be used as biofuel which can be used to power electronics ect.. Store it long enough and it will hold its value with the rates of inflation 😀

[@callofduty60]

silver doesn't do well during market crashes... historically it has also lost ALOT of value... Gold on the other hand, went up generally historically besides once or twice when it followed the market into the toilet.

[@phx4closureman]

5:02 He just rambled on WITHOUT telling us WHAT TO DO for so long, that the interviewer let Him OFF THE HOOK by asking a different question.... these so called *experts* LOVE to hear themselves talk and talk and talk 😲😲😲😲

[@Krath1988]

Dogecoin is a better safehaven then the US Dollar.

[@oveh.8160]

it's funny cuz it's true

[@DaygoG]

It's also the goodest boy of all currencies.

[@dogan6070]

AffordYourNuance nope

[@HakimBenKhalifa]

1 Doge = 1 Doge

[@tremoo5987]

1 doge = 1.33 eurodoge

[@dawnoceanside7300]

Inverted yield........ With tariffs? Will make 1929 seem like a lawn party.

[@mikecatadjuster]

One day he'll be right. It might be 2037, but he'll be right again one day. I've followed him for years, but the story is old. Harry Dent is worse. Harry is an embarrassment. Dent said one year, 'if it doesn't happen this year never listen to another word I say'. He's still talking.

[@Andyleobl]

Comedy, Music, More; Life only if he changes his mind on crypto imo.

[@Re3iRtH]

Comedy, Music, More; Life Hahaha. Do you have the link where Dent said that? I need a laugh.

[@farziran87m6]

Lol you sound exactly like the ppl saying housing would last for 20 years in 2003. He was saying in 03 the housing bubble was unsustainable most laughed and would say its 2005 what bubble?? Than it crashed retirees lost everything they built for 30 years listening to idiots like you saying keep in the market more reflecting their selfish hopes and 80% of ppl still have no savings Yeah but the economy is on solid ground right.

[@jdtown6585]

Haha you're right buddy Harry dent is out of control.

[@jamiereneemilligan]

farziran87 m he did call it and he is spot on here. Many bubbles and it will be worse than 2008 plus longer.

[@Oliver-tm7jm]

Buying a small percentage of precious metals as part of a balanced has been common knowledge for a while. Dark clouds are on the horizon though

[@KENNYFOWREAL]

I concur...mainly because every industrialized-capitalist economy has what many know as BOOM OR BUST cycles...and being that the U.S. economy has been experiencing economic expansion since 2009,I too,feel as though THE BUST cycle of this economy is much nearer than say:"5 years ago".With that being said...I support having exposure to INVERSE ETFs within ones portfolio

[@CheeKiatTeo]

I feel like if Peter actually traded on his own advice, he would be broke within a month

[@johnhardin4358]

I have a suggestion. Place 10% of your bets on Schiff as insurance. When the world turns upside down, this will expand enough to cover your losses.

[@zibtihaj3213]

@@johnhardin4358 one can say that about any contrarian.....wait LONG ENOUGH and anything will happen

[@pauljosse]

@@zibtihaj3213 ummmm it's happening

[@zibtihaj3213]

@@pauljosse no sure . coronvirus is happening and as a result the "bailout" - I just dont see the dollar not being a reserved currency anymore and I dont see hyper inflation coming . the whole world is doing what USA is doing, they doing at smaller scale cause they smaller in every way . pls respond without insults lol

[@easyebs5841]

pauljosse really the dollar looks pretty strong?

[@quinlansee1]

Always spitting knowledge and no ego

[@johnnyboycrypto]

I see alot of comments say "if he keeps saying it he will ne right eventually"...... The reason people say this is because they are impatient, qe is only kicking the can a little further the bubble wasnt expected to get this big, when it goes it will be (MOAB) mother of all bubbles. I beleive in diversification, Gold is fine but food keeps you alive.

[@YokNg]

Shhhh. let the naysayers believe in their theories. we need them to push the price higher so that the crash is more severe.

[@ury2936]

Mr. Peter Schiff is absolutely right, but he doesn't know the timing when the dollar collapses.

[@paulmoore7064]

This is already out of date. Gold has crossed 1400 and trying to move higher. Silver is shooting for 16

[@afbarnes]

If this guy is right, then he should short the S&P500 and 10 year T-notes

[@rp7r54]

Bonds had an Inverted yield curve a few days ago.

[@lightzpy8049]

@@rp7r54 inflation is massive and the fed have bought out the repo market

[@rmarques8156]

"Buy gold, gold is cheap" This message was brought to you by Schiff Gold

[@DefeatLust]

And would you look at that, gold is rising. Brought to you by facts, statistics and history.

[@sergioramio]

@@DefeatLust didnt gold crash like the spx?

[@DefeatLust]

@@sergioramio It's all part of it brother, cuz of the virus people are trippin. It will rise again, trust

[@ufologyexplored4634]

Once brexit is done, Sterling is going to be up there ,buy now while it's cheap.

[@nicolerico8511]

What do you mean

[@ufologyexplored4634]

@@nicolerico8511 Sterling has been slowly pushed down by the uncertainty of Brexit but once a deal is done and passed I suspect by the end of January 2020 confidence will return to a certain degree and the price will rebound accordingly there are still factor's with the slow down of the world economy but this maybe off set by other currencies struggling perhaps the dollar or Euro. I would buy now while Sterling is low .

[@wkb9683]

Gold & silver is the real money to be used.

[@austintarigon1783]

Ufology Explored Fiat currency’s are the root of the problem. Don’t be so short sighted.

[@wc389]

Sterling lol he means GBP

[@tremoo5987]

If you keep saying the same thing for 30 years, eventually it'll come true

[@braddboy5]

James Zell facts

[@gutsberserk2718]

Good thing I waited until eventually.

[@tobyblake851]

I have a degree in management and finance and this is pretty correct. I wonder if entitlement income, like Social Security and VA compensation will be negatively effected? in the past the only effect it had during recessions was it eliminated COLA, Cost of Living Adgustment, on VA and SS money, which goes down during recessions. But the next recession will be a long one, and the federal govt will be in hoc up to its ears in debt. One opinion I'm not convinced of is the prediction of a catastrophic reduction of the value of the dollar. This is in foreign countries. In America cards are replacing cash fast. But the US dollar has been increasing in value when compared with the Eurodollar for quite a while now. Last, we've always recovered from every recession.

[@joshopsigma24]

Toby Blake the recession that you have been experiencing is artificial. Have you not been paying attention? Keeping low interest rates and continually injecting more dollars into the economy is not real progress. Especially, since our national debt will never be payed off

[@hitec1691]

There will always be a recession. But nobody seems to have predicted it correctly. I have been watching channels from past 4 years saying this year there will be a recession. They all are guessing ,they don't have glue just like us

[@farziran87m6]

Listen the fed kept interest rates at 0 for a decade!! That's unheard of coupled with bouts of quantitative easing the economy has been propped up. Companies have been using money to buy their own stocks and enrich themselves yes markets are high but its not reflection of the fundamental state of the economy The fed propping up the economy so long will only make the recession deeper and more painful. Its not by chance the fed has prevented this

[@mackan7086]

That sounds like the definition of a bubble building up, does it not? All these warning signs year after year that people ignores in their chase of another buck

[@BIGBLUEGMEN]

They don't have a clue as to when but they know how it will fall. Its like building a house with a crappy foundation, every one knows its coming but it's difficult to predict when exactly.

[@rashid4u09]

This recession will spark a civil war. The government is already prepared for marshal law and military equipment has been moving around the US in the past 3 year more then ever. We are sick of the lack of responsibility by our greedy government and I’m sure everyone feels the same way as I do. I work 6 days a week with Little to show for it....

[@maxwelljohnson5221]

Everyone’s scared to invest meanwhile I’ll take my 30% return from last year

[@fullthrottleclub4026]

Maxwell Johnson jeez. Invested in what?

[@ayandas874]

Probably bitcoin.

[@maxwelljohnson5221]

NASDAQ

[@determined919]

The stock market is highly overvalued right now. In fact, it is the 2nd most overvalued market in over 100 years. Last time stocks were this high, the stock market crashed. The stocks I would avoid big time is FANG stocks (tech stocks in general). They are due for a correction. Just look at Amazon. It has a P/E that is amost 200!!

[@cristian0523]

Sure mate, I could make a return as big as I want by using leverage, but both you and me are taking more risk too. And the next recession is close....

[@werunguns]

So... what happen? New all time highs?

[@ravenpiece]

What he didn’t predict is the entire world following the recession. Can’t make money off your neighbor if they’re broke too

[@alexnezhynsky9707]

Well, I'm sure the world is smart enough to turn to economists for advice, right? It's not like we have a desperate electorate demanding socialism and effectively voting themselves into poverty

[@williamrandolph8133]

The way to have profited since 2008, making more money than you could possibly fathom, was to do the opposite of everything Peter Schiff has said to do for the past 10 years.

[@Jasper-di6di]

Am I wrong for listening to him?

[@jpjay1584]

he wanted to say BITCOIN all the time, but just forgot it.

[@tishagonzalez725]

Oh yes how did you know 😄.

[@heldenkatze]

Peter was right again.

[@tesla416]

The economy keeps going, because they keep printing money.

[@josephgallo4625]

When this video came out, GLD was at $125. Now it's at $113. Peter Schiff always predicts the "what" is going to happen. Never says when.

[@matejebach5487]

In how many hours and minutes will rain start to fall?? Yes, it would be during night but in which exact hour and minute??? You don't know???

[@josephgallo4625]

I checked the weather report. It's not supposed to rain tonight. But when it's supposed to, I can tell you within the hour or two. Peter Schill hasn't said when at all. Good try mate.

[@eudescanuto]

June 2019 (Still waiting...)

[@christianpena1110]

Eudes Canuto hi from the future

[@loonah714]

@6:13 Schiff finally shares his view: EM Debt, Stock, and Currency as well as precious metals such as Gold, how about GLD? But how much is he changing his allocation by? Hmm.

[@hsk8787]

8 sept 2018. Still waiting. A broken clock is still right 2 times a day

[@mikehoncho3015]

J sup famalam

[@robm2681]

January 2020. Still waiting. Lol.

[@alanbergsneider8278]

still?

[@alanbergsneider8278]

@@robm2681 still waiting big guy?

[@robm2681]

@@alanbergsneider8278 lmao. Schiff's followers really think economic struggles this year aren't from covid-19. Schiff has been calling for a recession for like 6 years. We actually may not even have a recession in 2020 if the stimulus from the fed and government take effect fast enough.

[@simple22travel11]

its correct and unfolding now, gold silver pumping, negative yield bonds, stick market crashing, consumer spending down....out comes the needle.

[@silversurfer702]

I’m riding this gold wave, my miners are already up 200% over the last 6mths, holding tight for another 200%.

[@FEDisGangster]

Recession is always a blessing of God

[@johnhardin4358]

To those who discern and respond, it is the opportunity of a lifetime. Crisis/opportunity. The Great Depression minted more new millionaires than any other period in US history before or since.

[@michaelcleary267]

Say what?He says "The poverty of the poor is their destruction".

[@sgtasapmusic]

Stop saving Paper dollars and buy gold Silver and Palladium with it before they screw up that market too

[@michaelwood3825]

Physical or paper gold. I'd be very careful. Broadly speaking there are more paper indexes than actual gold. People are going to get burnt if they don't investigate the investment properly.

[@bullbear1113]

Awesome stuff love Peter... thanks for the video!

[@Ryan-jx4vh]

Anyone can make a prediction without a hard timeline. The reason he won't commit to a time frame is no one knows when it will happen. All we know is another recession is eventually bound to happen. So where is the great insight??

[@rodrigo445678]

Yeah but he is giving you the causes and the affected markets. He did in 2008, and that's why his opinion is way more valuable than yours.

[@wirecoaching477]

Exactly, there will always be ups and downs with the economy.

[@wiggyg7337]

Recession hits every decade or so. The lender start lending again, Countries keep on borrowing, interest rates increase which makes it more expensive to borrow, people and countries cant repay debt and default. As markets are so intertwined it affects people globally. Austerity measures are put into place, country slowly starts recover and its currency appreciates. Borrowing starts to increase and the cycle restarts

[@investingtv3262]

who's ready for Black Friday for investors?

[@devonscope6222]

Im not, i have no idea what Im doing! People say bitcoin will skyrocket buy wth do i know !

[@Joker2CoLex]

David Gonzalez I could tell you one thing not to do is panic. When you panic you stop thinking straight.

[@bigcpimpdaddy7217]

Me.. finally.... buy buy buy

[@lendavidhart9710]

Thanks for posting, very informative.

[@aluisious]

I've been profiting great buying puts against the market and select companies that were either wildly overvalued (NFLX) or just dog turds to begin with (SNAP).

[@hatemymailbox]

I bet financial sector, MA and V get hammered during downturns, and spike up when market recovers)))

[@rrr444rrr]

Which real estate stocks to short?

[@lauranyc4966]

Poor Trump 🤦🏻‍♀️ Take all ur money out of banks and buy gold silver . He was right when I listen to him December January !!!! Look where gold is now 🤷🏻‍♀️👍

[@thematthewlong]

Buying gold would be dumbest thing you could do in the event Schiffs assumptions are indeed correct.. the corollary in drop of dollars circulated in our economy would equate to a deflationary cycle. Deflation rises, gold [commodities] drop.. not rocket science

[@lauranyc4966]

@@thematthewlong gold went up from 1200 to almost 1500 lol you know how much i made on jnug lol

[@thematthewlong]

@@lauranyc4966 means nothing over the long term.. gold will be crushed in a deflationary cycle which is most likely coming

[@ThomasStuehling]

Many people will suffering crisis! Bcoz of many corrupts politicians n Bankers,d world Bank economy will collapse!

[@ThomasStuehling]

Ascaridia space nation

[@thecitizenjoan]

What are the Gold stocks he’s talking about?

[@jaybrielakoi7747]

Pete its 2 years later, what happened

[@DennisInDeltona]

Brilliant man

[@sarvarbhat]

Peter schiff have got no shame left. Saying the same things from last decade. He is only throwing arrows in the air.

[@LloydLynx]

Either this is our time to go down, or America pulls off another miracle.

[@nicksmith534]

all these comments about schiff "eventually getting it right" really aren't ageing well right now

[@farhanorakzai8872]

what are you talking about? The Fed reduced interest rates for the first time since 2008... the crash is already here on the extremely high end of the market and the average person will feel it sometime next year... it is coming for sure.

[@nicksmith534]

@@farhanorakzai8872 i'm agreeing with ya mate

[@mustafawali4488]

Tada

[@NeilBaylard]

I think he is right on! We are giving 13.5 percent of our nation food stamps, the highest ever was 2 years ago at 16 percent. I believe this is a correlation. Plus you don't need statistics to see how many homeless people are now a days compared to the 80s and 90s.

[@auxripper]

2019 Peter schiff where u at

[@timearly6961]

America will have a very difficult time recovering from the next bust. In the past, to get the economy to recover from each of the past few recessions interest rates needed to be made lower and lower. We now have almost zero interest rates and lowering rates cannot be used to boost the next recovery. After the next bust the American economy might have a very tough time getting off it's knees. Be very careful with your retirement money, you might need it, very soon, for survival.

[@guzman9011]

Very few people own gold stock cause it’s garbage. You need to own the real thing

[@jdtown6585]

You're right. Gold stock is worthless in a crash.

[@gutsberserk2718]

@@jdtown6585 I'm up 80% in garbage gold stock.

[@jdtown6585]

@@gutsberserk2718 Haha, you could be up 800% and it'll mean nothing when you go to collect.

[@gutsberserk2718]

​@@jdtown6585 Don't worry the FOMO party is just getting started. I got random people telling me about precious metal, I just smile and nod. 50 mil jobless wondering wha happund. Confidence in the system is deteriorating once again. I was here for the last crisis, not my first rodeo.

[@freddy24342]

good editing

[@dominicroybal3885]

This guy will predict the next coming of Jesus. Yeah right. Broken clock is right twice a day.

[@truth.speaker]

4:30 Digital currencies obviously will be the next logical step. The early buyers are the smart ones. How long will it take and which coins will win? Nobody knows. If I spent 1 week's wage today buying a small portfolio it could be worth a small fortune after the global fiat money collapse

[@johnboykin3128]

14 aircraft carriers say differently

[@daviddreyer5817]

John Boykin , name them!

[@flow5718]

@idonthaveacoolname1 Its good for power projection, in a real war though...

[@beja8694]

They work for what we've been doing the past decades. We don't need any more but they work good

[@chrisrock4428]

Gold stocks over physical gold?

[@jensmoller6999]

All the guys who discredit peter because the major collaps hasent happen yet should note that peter predicted something far in advance that should be appreciated . He saw it coming early on. Goverments and central bankers or mainstream economists are able postone the pain...and they do whatever they can to postpone it as much as possible. So consequently it takes some time. Peter knows it and thats why he predicts the dollar crisis...which of course can take longer than he says. I also think it takes a bit longer ...but nobody knows. There will be a crash...

[@michaelwojtkowicz6881]

Shocker someone from EuroPacific capital would condone against domestic investment/dollar.

[@flash803sqbz3]

everyone said buy Bitcoin and am here with one penny.

[@alanair7019]

If you gamble your money on a whim from some second hand chinese whisper you are just a follower and they get nowhere. You need to find a good source that can provide you with at least %80 chance of success. Not because the hordes are jumping in , thats when its to late.

[@mama-cg5ri]

Rip

[@daviddiaz529]

It's 2days before 2020.

[@daviddiaz529]

@James Zell negative on all points Jimmy. Still employed, I live on my own, and didn't have to take notes.

[@chickeninasal4381]

Come on, recession. My bank accounts are ready!! 💪💪💪💪👏👏👏

[@vivekv2271]

Hope so

[@macpaz]

Are you buying yet?

[@cash_craze101]

Who’s here in May 2022👀

[@aonoymousandy7467]

Me!

[@l3olanza]

Bitcoin!

[@haaarmiiin]

What are some creditor nations?

[@hectordelarocha10]

Bitcoin bottomed at ~$3k, wait a few months until it drops again since it will be a double-bottom. If you want a better alternative buy ICX at $.20 or EOS at $1.8 for a higher return. Thank me in 4 years.

[@alexanderjames436]

If the USD experiences hyperinflation businesses in the US economy will suffer, but some will survive to be priced into a alternate currency. Are not the US equities of surviving companies you hold still valuable, except for the minor plunge during a hyperinflation event? I'm not a institutional investor so maybe I am missing something here. Hoping for some proper perspective.

[@DenverHarris]

Gold Stocks. LMAO. Get out of fiat currency that has nothing to back it, into another piece of paper that claims to have gold backing, but doesn’t.

[@justincross1247]

he didn't take into consideration that money printer go brrrrrr

[@LucidLegend1984]

Dollar crisis... cryptocurrency on the horizon?

[@Jabsy101]

LucidLegend1984 Of course not. Bitcoin isn’t backed by anything, but computer code......which is worthless. Tangible holdings like good gold, like economies with strong companies that will still be around when the recession hits. That’s worth something. It has physical form. Code over the inter web does not.

[@deathlarsen7502]

Lol sure thing baggy

[@joshuavanhamburg5231]

The federal reserve is gonna print gold banknotes and will eventually create their own centralized cryptocurrency.

[@alanair7019]

Locked and loaded. Mwahahaha

[@hunterjennings5970]

@@Jabsy101 why does everybody assume bitcoin = crypto, it doesn't. it is basically a prototype to get people interested in digital assest. XRP, stellar, GNT, SYS all have real life use cases, BTC does not. also to be technical all your money in the bank is code over the internet so is your bank account worthless, didn't think so? A global shift is underway you just have to look at memos released from central banks and huge financial institutions to see that they are making the switch to blockchain technology

[@ultraskew]

This guy is right up there with Gartman

[@burkokatol196]

The only thing he can't predict is the future of Bitcoin 😂🤣😂 He said it will go to zero when bitcoin crashes until now 😒😒😒

[@jameshomer1125]

I can print a unique serial number on a piece of paper. Does that make it any more rare or valuable? What does that say about the value of bitcoin and the computing it takes to mine one?

[@coastshooterkills4614]

i love the Schiffmeister

[@BetaDreTV]

keep calm peter schiff and buy Crypto.

[@__-pl3jg]

BetaDre.TV - They have been all of 2017. Over 1 billion BTC has been sold OTC (Over the counter) in just the last few months. The institutions are gearing up their market share of crypto. The BTC price will increase 10 fold within the next year.

[@deepstarsix]

Holy sh!t, did you hear what Peter said to that philosophical statement @ 3:17 ? How much do you want to bet that the shadowy elite cut that part out.

[@ggslv58gng57]

it was cut out from transcript you get to a lot of 03:19 philosophical question 03:27 you 03:33 let's do that WHAT did he say ?

[@GUIxOWNxBUNGIE]

Yea no thanks i'll take my 1500% return on weed stocks and keep investing haha!

[@robertbarnett7555]

GUIxOWNxBUNGIE how did that work out for you

[@StephenDoty84]

Reality tests Peter's patience... In 2012, I think he said on TV "It's great time to buy gold stocks." They've fallen from about $40 to $19 (GDX) while the stock market has rallied. But adding a trillion a year to the debt has to result in a day of reckoning.

[@johnhardin4358]

Buy on dips. A market peak is the death of opportunity. An investment is only as good as it's growth potential.

[@presleymckinley8984]

Welcome to the future

[@presleymckinley8984]

Welcome to the future ..... GDX back at 38

[@StephenDoty84]

@@johnhardin4358 Good point; look at Japan after 1989. Three lost decades since that top.

[@hectorabcdefg9076]

2019. August. The clock is ticking

[@patcom1013]

Only six days to go, so hold on to your hat !!!

[@hectorabcdefg9076]

patcom101 six days for what

[@hectorabcdefg9076]

James Zell im still working. I live alone and im fine

[@JIANYM36]

Who did the us borrow from?

[@stan188]

Hope this guy put his money to where his mouth is

[@simongenich4407]

stan188 already has young grass hopper and tons of it

[@pavlovsworld9122]

Why doesn't anyone talk about paying the debt and making a plan to do that? We keep spending. Why not stop before it bursts.

[@blackninja2871]

Lmao newbie

[@blackninja2871]

Because you will NEVER pay back the debt..lmao now you're gettin it

[@blackninja2871]

Modern-day slavery

[@pavlovsworld9122]

We start by cutting gov spending. Tackle the deficit. The consequence of not doing that is foreign investment buying too much of the market in assets and property. China has bought Harvard recently....and china doesn't let people know the truth of their history.

[@pavlovsworld9122]

Those who dont want to pay the national or gov debt dont care about preservation.

[@briandouglas8311]

The Dollar Is Dead. Digital Money

[@paulwelby1612]

Brian Douglas dollars are worthless, but America sneezes, the rest of the world catches a cold

[@Deinbierwerk_Craftbier]

Brian Douglas right. Crypto’s have performed well last year. Not

[@stevenbell7349]

So I buy gold and they willingly deliver it to my house ? And/or is it 'kept safe' in a vault somewhere so that when the recession happens they can veto my purchase and tell me it's 'their gold' and there's 'nothing I can do about it' ? Anyone else catching on to this ?

[@rickjones1281]

I saw o8 coming too but my family wouldn't go with me so I lost big...I wanna put money in Bitcoin but everyone thinks I'm crazy.

[@2ice715]

best hedge is BTC

[@Eric-tq3vn]

Market plunge will boost bitcoin so good choice I'd say for now but I don't see it performing well long term. But who knows, the market is like throwing darts at a dark board, they literally did a study using a dart board for choosing investments and it showed to have some truth, I may become a financial advisor using this method and just talk like I have some sort of inside trader knowledge.

[@hectordelarocha10]

Bitcoin bottomed at ~$3k, wait a few months until it drops again since it will be a double-bottom. If you want a better alternative buy ICX at $.20 or EOS at $1.8 for a higher return. Thank me in 4 years.

[@Hpl1830]

Ya how do you feel now about Bitcoin? Would have been good idea for a bit but now it tanked

[@hectordelarocha10]

@@Hpl1830 Open your account on whatever broker you want and set a buy order at $3,100 so you dont miss it, and just wait until it gets executed

[@good2goskee]

The reality has lots of land The USA makes stuff I want. The reality is the USA has value. Gold mines in the USA can be nationalized in part. Refineries producing Silver and Gold can be nationalized to some degree. There is LOTS of Silver and Lots of Gold in the United States. If that is what the country needs to get, the USA is HUGE can find it on land or off its shores. The USA has options...more than most other countries in the world.

[@angusmac2037]

2 years later...still waiting??? we getting close?? something has gotta happen...

[@endtheliesnow5906]

How about silver?

[@1101chim]

He´s been saying the bubble thing since forever. Heś going to be right one day. I did listen to him and sold all the stocks two years ago and went to buy gold/silver/miner stocks and I missed the huge opportunity for the stock market gain in the last two years. Really thanks to him and Iḿ still working 12 hours a day because I lost 2/3 of my retirement savings in the commodities stocks!!

[@КостяКрапивкин-п7й]

Has anything changed since then?

[@tysonbrown1277]

Yeah you gotta be careful with predictions especially when its from someone whos answer is always the same... Gold is schiffs

[@josereynoso6598]

Great Video!

[@dlions20071]

This dude is confusing a recession to the Apocalypse

[@younginsane90]

What about Silver ?

[@DaveThomson]

YoungInsane could prove to be better than gold

[@LucidLegend1984]

It helps rid of bacteria in water

[@ProjectMadKow]

It's still good, I was listening to Schiff before 08 and bought tons of silver and specific stocks. When everything went down silver went up a higher % rate than gold and sold a lot of that silver at it's peak. Made a killing, bought between 8-11/oz, sold at 48.