🔴 Peter Schiff and Max Keiser Talk Crypto, Gold, Dollar, Bitcoin

Peter Schiff and Max Keiser Talk Cryptocurrencies, Gold, Dollar, Bitcoin.
Full video on RT here: • Keiser Report: Bitcoin...
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[@rileylaforge7640]

I'm always impressed by Peter's ability to keep an even keel despite emotions present in a conversation

[@titsonafish]

I agree. Whether you agree with him or not, every interview or debate I've seen him in, he carries himself really well.

[@geoms6263]

what about the price sir?

[@mattig1518]

Awesome for Max Keiser to Air this, its not pro his bitcoin but yet he had it air on RT. Very balanced journalism in our crazy days, thanks Max!

[@cryptogold8753]

This isn’t ageing very well for Schiff 😀😀

[@MicEE2998e5]

how?

[@JohnJohnCrusher]

Give it time

[@reallyshel]

Here in 2024...this STILL hasn't aged well.

[@cinquain0]

Peter is actually right. The data behind bitcoin (financial ledgers) actually possess very little value. No one in their right mind would pay this much for such frivolous data. Better cryptos will emerge, and Gold will never lose its place. The fact that people think the value of Gold is entirely subjective speaks on their ignorance of chemistry and metallurgy. What I think Peter misses however is that Bitcoin is a deflationary currency, hence its price going up just means its infinitely divisible fractions is going up.

[@thawk2484]

lol

[@reallyshel]

Lmao yikes. This comment didn't age well.

[@christythomas231]

😂😂😂

[@yf-zp5zf]

It's like watching two kids debating which sports team is better. And the funny part is that the same argument Peter uses against bitcoin can be applied to gold.

[@MatthewSmith-wh5dr]

God I would love to debate Peter on Bitcoin. So many missed arguments by Max.

[@OurTimeIsOut]

Got to love Max

[@tengerine21.1]

Hi Pete, what price was btc when this interview happened? And what’s Btc price today? $52,000. So in three years still no one wants btc? 🧐🧐

[@jonathanvanbuer]

not anymore right

[@LisaMurphy]

Peter being right about bit coin is a sure thing.

[@islandbee]

Right about what?

[@thelivingman7171]

That's right shit for brains, you don't even really exist. Believe that!

[@willm9608]

Sure...

[@urigeheadmot1196]

😅

[@reallyshel]

YIKES 😂😂😂

[@gibranhader1702]

I love Peter and his father even more for his courage to fight the FED. But he has tp understan and recognise that the future is and will be more and more digital. And as u need real gold. U also need digital gold.

[@matejkudlak9012]

STRAIGHT TO THE MOON BITCOIN, ALL THE WAY UP!!!

[@kbkesq]

Did you hodl? You are a happy man then.

[@kbkesq]

Knocking on $20,000.

[@exmuslimnfreee6102]

This aged well indeed

[@reallyshel]

Enjoying your gains? 😊

[@TronSAHeroXYZ]

Correction for Peter. The people who bought it were EXTREMELY SMART. 12:08

[@tivoni]

I love crypto but refuse to trash Peter Schiff, he did very well for himself.

[@doramason]

All you people that say peter doesn't get it or he is not doing enough research; don't be naive. He is playing dumb to protect his gold selling business. It is as simple as that, he has been losing market share as he had acknowledged before in this channel. So he is being offensive on crypto to defend his gold business. Same is true for Jim Rickards. He has been promoting gold for years and has ties with the industry so now he is viciously attacking crypto currencies. Please see through this "business" people and realize their true intentions...

[@JessnT]

Fantastic interview very very good to hear both sides ty

[@Killzy786]

how do I purchase something from overseas using physical gold?

[@thepie8u]

Peter. Been listening since 2006. You needed this perspective from max. listen to him, you cant deny that he makes some excellent points. Ignoring their validity just hurts you and your clients. Dont let your opinion replace the facts.

[@reallyshel]

Peters clients continue to lose.

[@geoms6263]

are you milionair?

[@adamkallin5160]

Thing is, we do need a currency of some sort. Gold is not going to cut it, fiat is not going to cut it. So Bitcoin.

[@jjjunkie]

Great to see two people, with equally passionate points of view, vigorously but respectfully debate a great topic irrespective of who ends up being correct.

[@JohnJohnCrusher]

They will both be correct. Peter will be correct in the end. Hopefully Max sold out at 50k++

[@geminiXXX]

That magical "intrinsic" value of gold is quite low... jewelry, good conductor, shiny looking teeth replacement... the end. This would never justify the current price of gold... that is only caused by people's *faith* that it will be respected as store of value... just like cryptos. And should this prove false, I really don't care if my Ethereum goes from 300 to 0 or my gold from 1200 to 50, it is massive loss and wrong investment in both cases. I own gold, silver, 5 types of cryptos and recently bought a house on reasonable mortgage fixed for 20 years at 2,9%. Really, nobody knows what will happen during the next crysis, which assets goverments decide to tax massively so... best to have it all... :D

[@jedharrisonmoore]

Peter Schiff you are displaying cognitive dissonance. For the reason you say bitcoin could be superseded by another crypto is the exact reason gold is currently being replaced with bitcoin. The difference being that moving from the physical world to the digital whist keeping the properties of gold (or simply money) was the difficult part. Anything additional that a crypto can offer from this point can be added as a layer to bitcoin, or be backed in bitcoin. A crypto could be backed by gold if it wanted to be, but when it already possess the same properties there isn't a need for this. There is a reason people stopped using gold as a means of exchange, it became too difficult and something which at the time appeared better took it's place, fiat. We are now coming to realise the hidden flaw in fiat that needs to be addressed, control of supply. But now we don't need to wait for the government to fix it. We did it ourselves. Bitcoin. With programming languages and innovation like ethereum using crypto as a means of exchange will soon be as easy as debit cards. You are clutching straws Peter. The longer you take to reconsider your position the more you will lose out. Max makes a very good counter regarding the gold money debit card, you have no legitimate response to this because it proves you wrong. Max also mentions listening to the market, you may know that gold has been around for longer and is money, but the younger generation favour digital assets over gold, CLEARLY. I like your work Peter, I hope at least reconsider.

[@depecheddurand]

Gold can never be replaced with bitcoin. You didn't get his point on how many types of gold are there? there is only one type you can`t destroy it . Bitcoin is a cryptocurrency and there are 100s of them who knows which one exceeds in demand in the future. Maybe etherium becomes the next bitcoin and bitcoin loses all its charm. Then what?? while good old gold will still be gold.

[@E1war]

I spend my bitcoins all the time. Just bought a plane ticket this weekend. Paid my hosting service with it this month. I will pay my rent with it at the end of the month. I could do none of that with gold.

[@gibranhader1702]

Omg why would u do that! Ur rent payment gonna be worth 100'000 $ in a few month

[@gregabrams5792]

Hey Peter. Are you going to wait until bitcoin is $200k?

[@MicEE2998e5]

I do not think you understand his argument

[@omadoutlaw4868]

​@@MicEE2998e5he's got a good argument, but gold hasn't been a currency for a long time. Gold is a store of value and not a currency. Bitcoin is a store of value. Both are exchanged into fiat. There is an old song line "A lofe of bread could buy a bag of gold "

[@Killzy786]

how am I going to use physical gold to purchase something off Amazon?

[@natalliaf6387]

that hasn't aged too well for Schiff.

[@Killzy786]

and I got to point out again that his argument about a new cryptocurrency coming out has already happened, literally a thousand times and Bitcoin is still more than eight times where it was last year. And that's after "crashing" multiple times.

[@gbxmusicchannel3836]

Peter must feel like someone 4000 years ago telling everyone the earth is round :D

[@Brandoregularo]

I have long not understood Schiff's take on Bitcoin. I think I finally get it....well maybe. So I think the hurdle for me was really semantics. Schiff has often stated bitcoin isn't backed by any thing and you can always make more crypto. Because cryptos are all trying to find their nitch the differences between cryptos are what people focus on, all knowing most crypto's will fail and thinking a few will go huge. The problem in the end game is when those few survivors get copied because they are the best. Then get copied again, and again, and again. Which would be the equivalent to quantitative easing.

[@Brandoregularo]

I have been using bitcoin since at least 2012 and own it currently, and own other cryptos. Don't bother responding though You seem like a Fuck Head. But if any reasonable people want to respond I am eager to clarify my thoughts.

[@Unkn0wnGuy]

Crypto Noob the point he is making is the government will severely punish its use, in one way or another.

[@Brandoregularo]

By best crypo's copied I mean basically equivalent crypto's. Not copied just truly competitive. Newsbud also has a good article about how DARPA wrote a paper about creating a digital mint that perfectly describes Bitcoin 10 years before Bitcoin. Welcome to the newer better fiat. Act accordingly.

[@athnuachan119]

Cryto Noob National Currency as in replace the AUSD entirely? Must've missed that one.

[@mikebassett9195]

Brando - The way schiff is speaking is exactly how I think. What he's saying is Bitcoin has no real value. It's current value is so high because of increase demand for bitcoin. But is that demand because people want to use bitcoin or because people want to make money off it. Schiff thinks people just want to make money off it, and in the end that has to collapse surely. The only way bitcoin can have real future value is probably two ways. 1. governments make it an official currency (schiff believes there is zero chance of that) 2. It becomes an anonymous, untraceable internet currency forever. But then I here other very intelligent saying great things about bitcoin and I think to myself I clearly don't understand it, these people are smart. So possibly you could explain it to me. I also hate these ideas people have that things like bitcoin will transform our future. It's going to make it worse, the current system is corrupt, but the actual system is not wrong. I'd rather deal in cash, than these new technologies which are providing governments the ability to watch everything we are doing.

[@eugenej.5584]

Max made a fine point: All elements in periodic table has unique qualities but they are only relevant if you are planning to store coins made from them in your pocket. In this case gold in much less attractive than, let's say, silver because it's so damn expensive and it will become even more expensive so you'll have to trade a golden dust particle for food or gasoline. Yes it does not rush, but it's a soft metal and you will want to keep it in a casing and silver doesn't rust in a casing either. On the intrinsic value. How much less value gold will have if it will be valid only for its utility? BItcoin can go to zero and gold can go to almost zero... For a store of value it has no meaningful difference. Gold being physical can be easily confiscated and the owner be jailed, but Bitcoin already has market as a Darknet currency, payment for anonymous VPN/hosting. If done correctly it's untraceable and can be stopped only if all Internet goes dark - in this case we are screwed anyway.

[@zelexi]

Kaiser is right dude

[@striker890trewq7]

And actually, the 21 million argument no longer works. Bitcoin cash created more Bitcoins. They are different but the 21 million argument is invalid in my opinion.

[@striker890trewq7]

But because this is all a scam anyway, pro crypto people will ignore this fact. Or use semantics to get around it.

[@jonmccormick8683]

Max Keiser is a very large Bitcoin holder. Schiff was big on China stocks/Asia. Max Keiser has never changed his stance on BitCoin.

[@Thegrzybow]

Get em Peter!

[@MrChuckomatic]

Wow max wiped the floor with him and Peter doesn’t even know it .. Peter doesn’t understand network effect

[@christophercarrigg3775]

I love Peter but he always thinks he's the smartest guy in the room. He isn't pompous about but it's pretty clear he thinks he's never wrong

[@doughtymqan]

The value of BTC is in its ledger. What would a ledger be worth if had recorded EVERY $$ transaction for the last 100 years. The land title business would not exist. No need for clearing house functions on Wall St. etc. etc. Consider that.

[@heavenlord1]

Change is hard at first, messy in the middle and gorgeous at the end. This is change Peter. Learn to accept it or you will be left far behind. I hope people doesn't ended of making a video about "Peter Schiff was dead wrong" in future. I have been following you for ages. I respect your opinion when it came to precious metal and housing bubble. But I think you are underestimating the power of people. Cryptocurrency is people's money. You should put your ego down, your precious metal business aside and do some research on cryptocurrency. It is the future and it's here to stay. All the best!!

[@rondr3017]

8/19/2016 Gold $1341 BTC $574; 8/20/17 Gold $1284 BTC $4148, I think the figures speaks for itself. He's been preaching an economic collapse in the last 9 years and said Gold will reach $5000.

[@ImDoubleB]

Hi Peter. I bought some bitcoin for you. Let me know when you want to trade it for gold.

[@tigerpark135]

Relax peter...NOBODY is selling their PM's to buy bitcoin. But we sure as shit are spending our fiat for it!!!

[@MrIndie360]

Why would Peter post a video of him getting owned?

[@lindor1695]

For as obnoxious and constantly interrupting as Max was, Peter aced the point.

[@SabbathSOG]

Great debate.

[@CohnmanTheBudbarian]

im new to bitcoin thing, it does interest me, but what happens if some kinda solar flare or emp attack were to knock out the power grid or shut down all electrical cmponents, how would i still be able to use bitcoin? i know it sounds crazy and what not, but scientists have said that a solar flare could knock out the grid for a while or permenently, and we still dont have a way to stop it.

[@StevenKger]

How would you use your credit card? How would you pick up cash from the bank?

[@Jimraynor45]

Cyrptos are where they are because they may be slightly better than fiat money. Eventually though, everything gets close to it's intrinsic value. The dollar is like vanilla ice cream and Bitcoin is like vanilla ice cream with a few sprinkles. The problem is, they will both eventually melt! And a few sprinkles is not exactly a huge a improvement. Only gold and silver have proven themselves to be sturdy, long-lasting forms of money. Don't be fooled by thinking a few sprinkles will fix everything.

[@mexicamilenial3146]

Back to the past Petter is correct on his prediction.

[@violetblue1924]

He's so wrong. Scruff! If you can buy a Visa card and use that card. Your argument is null in void.

[@ClayZug]

thanks for the facts Peter

[@arnonabuurs7297]

There is also a believe that gold will be accepted, the fact that it was accepted for so long doesnt mean it will always be accepted, 5000 years is nothing.

[@grendelloingseach2350]

the luckiest broke clock investor of all time

[@islandbee]

Max Keiser really tore it up on this pop debate on Peter Schiff. It's funny how Max Keiser ends up talking to Trace Mayer later on, where he says that he was talking to Peter Schiff at a investors' conference when Bitcoin was only *$7* and offered him an interview to discuss Bitcoin. Trace told Max at this Freedom Fest that Peter replied back saying, "Well, I don't want you making me look stupid." LOL No Peter, you're fully capable of making yourself look stupid by yourself.

[@thelivingman7171]

You're an asshat.

[@islandbee]

You're a Peter Schiff groupie dumbass. How much money have you lost so far following his advice?

[@athnuachan119]

$7!!!?? I'd be kicking myself for sure!

[@mikebassett9195]

islandbee - No one saying you can't make no money in bitcoin. What they are saying is whether it will last. Schiff thinks it has no value and I haven't heard one argument against his that prove him wrong. Does that mean you can't make money in bitcoin of course not. I don't even like schiff, but keiser has got nothing back to say.

[@andrewjackson408]

Schiff is sharp and worth listening to. However I think there's more to the cryptos than he is realizing. The heard is heading into cryptos like it or not, it's reality. I think it's acceptable to hold physical assets and cryptos per Mike Maloney.

[@rebellucy5610]

The herd is correct. Herd of sheep.

[@grraadd]

herds are chasing all sorts of BS wonder assets - we know about tulip bulbs, pet rocks and many other...

[@thelivingman7171]

Being led to a slaughter.

[@george.carlin]

Andrew Jackson Agree with your statement. Actually Peter let it slide few times in his podcasts that he isn't a computer scientist and does not understand btc fully. P2P and encryption is hard for many people. He needs to stop talking about Cryptocurrencies and just educate ppl on *free market, fed and capitalism that's what he best at*.

[@Killzy786]

Mike Maloney gets it. He's much less emo about gold and objective when it comes to the reality of decentralization and it's benefits. Dinos go extinct for a reason. BTC is already used by retailers like overstock and expedia. More and more people, for better or worse, live their lives on their phones, including all to the people in areas without access to banking that can now conduct international commerce using cryptos using their little shitty nokia phone and a solar generator. I'm able to pay for web development and other profeassional services with it and its' easily convertible into USD. I doubt I'll ever be able to buy starbucks with physical precious metals, but I will be able to use a TenX visa loaded with Bitcoin to do so relatively soon, there are other crypto atm/debit cards on the market already. Don't get me wrong, I understand the wisdom of PM, and hold a good chunk but I'd be much less wealthy today if I took Peter's advice as gospel and opposed to just an item for consideration. The ones being led to the slaughter, IMO, are those that cannot see the value of a non-debt-based currency. One of the most stable currencies in history was the tally stick for chrissakes. I piece of wood with notches in it. Outside of firewood what intrinsic value did that have? Another thing to consider is how slow the velocity of capital will be if the whole world conducted each transaction using physical PM. The velocity of money would become molasses at that point. Sure you might have a puddle of gold but most likely not allot coming in the door from people that don't have any gold themselves (which I'm sure is the majority of everyone's clients/customers unless you're a gold dealer or financial advisor). Everybody has access to bitcoin and can exchange their debt based, central bank issued currency for as little BTC as they want. Not nearly the same dynamic with Gold, what millennial is going actually walk into rare coin store and trade USD for Gold/Silver or platinum? Not many. How many will likely send something from one account to another using just their phone/tablet/laptop? Just about all of them. Not trying to flip but good luck with that.

[@JuniusMaltby]

Dollar is the leper with the most fingers left. Dollar is DONE.

[@Sukiethenoodle]

I like Peter Schiff and have followed this guy for a while, but I disagree with him on his opinion of crypto. Bitcoin I believe will get to $5000 by the end of this year, and also there is a pattern of some investors moving over to crypto as a form of a new safe haven alternatives. The one thing I agree with Peter is that Gold does have intrinsic value and crytpo does not. We shall see

[@trailguy]

this was great. nany valuable points on both sides. ...I'll stick to gold and silver, however.

[@spencerd9325]

good chat!

[@donha475]

You can just tell from the way he responds that he's getting a HELL OF A HARD TIME over the whole crypto rally. Poor buggar. I like the guy. Don't take it personally. We all love ya.

[@dddd-uk4vn]

Lol

[@superiorseven4814]

*I would use the metaphor 'they are swimming in bitcoin,' but then I realised that that was impossible as one can only swim in something of value*

[@shouldnotinterrupt]

Well, bitcoin has value, and the fact that you can't get your gold confiscated by robbery like gold or silver is very valuable. Also, gold has storage fees. Your arguments are half-baked .

[@superiorseven4814]

The idea that something which doesn't physically exist has value because it does not incur storage fees nor can't be stolen, is laughable.

[@shouldnotinterrupt]

Is that called the 'swim test' LOL!.. Janet Yellen is that you? Again, your arguments make no sense. Very low IQ you have.

[@superiorseven4814]

Fantastic argument. Perhaps you should keep buying bitcoin, its the only chance of possible wealth your ever going to get.

[@shouldnotinterrupt]

Since you're the one who bolded your comment with that exact argument it makes allot of sense coming from you.

[@jerlstif]

i hope ppl abandon cryptos and switch to world of warcraft gold; ill be rich. seriously though, you need to refine your arguments peter if max keiser can answer them all

[@gregcollins3404]

One of the most important foundations of a successful economy is to have a stable currency so that prices are stable and the money holds its value. This will never be true with cryptos because their supply is horribly mismatched to demand. Either there is not enough bitcoin and the price zooms up as the masses jump in to it, or other cryptos jump on the bandwagon and there is no limit to the supply. There is no mechanism for stability - they are just a speculative currency. Of course, PMs are quite inflexible as well and can't match supply with the substantial demand fluctuations of a vibrant economy - but at least can't be inflated to infinity. Go ahead and make a killing on a speculative rise in crypto prices, they will not be the sound money basis of a successful economy.

[@weihenghsu723]

What is the inherent value of gold ?

[@MrDante10no]

Zhong Zhang It's mettalic properties: rare, uniform, easy mellable, divisible, don't oxidate - virtually indestructible. Goldmetall stores value over long period of time, think decades, centuries, millenium. That is the reason energy (think oil) allways have been, in the end, exchanged for physicall gold, value-for-value. Know of any pharaons, past present or future, having status symbols made of Bitcoins? :)

[@violetirwin5801]

Max Keiser doesn't understand the difference between the using of jewels as money historically and the use of gold historically. Jewels have been used sometimes, so has rice and other weird stuff. BUT gold has been money since the history of the written word, and was used as money until 1971, in fact, some merchants still accept gold, straight up. To say that's the same as jewels or something like that is nonsense

[@DouglasK11]

Peter, why do these people keep interrupting you... ? It is like they just can't help themselves.

[@JasonParthum]

Sometimes it's because Shiff is making unfounded claims in order to "refute" them (setting up a straw man argument). :-/

[@bonniebrook1]

Peter OUR right

[@thegreatfazoul]

the one thing in bitcoin favor is that the 1% cant manipulate the price by shorting or trading futures.. The only people that can sell bitcoin is those that own bitcoin. Thats the problem with gold and silver pete.. Everything is moving along, things are looking great and one whale shorts a bunch of paper gold on the market and we loose our steam... I like gold but the fact it has paper contracts is a real problem. Also Pete the value in the Bitcoin is the blockchain.. The labor and cost of the computation of the block chain in energy and hardware is just like the cost of mining gold or silver. I cant use bitcoin for industrial uses like conducting energy or filling a cavity so in that area gold and silver win.

[@shouldnotinterrupt]

Peter cannot address this weakness in gold. Omitting this fact is disingenuous of his part and the reason why I have lost respect for Peter.

[@TRD-JDM]

no electricity no bitcoins...

[@CalifornianOnEEurope]

you do not buy anything with GOLD direct either. YOU sell/convert to DOLLAR then can pay for stuff. Same with bitcoin.

[@VoluntaristSociety]

BTC transaction fee for ~ hour confirm is about $5 today. Gold money would be less.

[@CalifornianOnEEurope]

maybe it would be less but again NETWORK EFFECT makes bitcoin the choice of the masses. Peter is right. GOLD was not money once until all realized all want it. Bitcoin may not yet be but it seems it has a huge chance to become as all will want the freedom it offers. Unlike a VIRTUAL HOUSE, bitcoin actually GIVES what it was designed to do: allow super easy and a fast transfers. GOLD DOES NOT. The comparison with a virtual house on internet was IDIOTIC. House is to provide PHYSICAL shelter a CURRENCY a TOKEN transfer characteristic and those are not PHYSICAL necessarily. A house on internet makes no sense but CURRENCY does make sense.

[@joewger]

Max, Put all your money into Crypto if you are such a believer. When the Stock Market Crashes, or there is a war with N Korea, keep your money in it as you see it vanish into thin air. Then Watch what happens to the price of Gold and Silver. Make the pledge now Max! LOL!

[@sconnz]

Funny thing is Max used to be a huge gold bug till bitcoin came along, now in his shows he does not mention gold at all.

[@4Mikes4Mindset4]

Evolvement

[@Cotswolds1913]

Bitcoin has a scarce supply, Bitcoin also has pre-existing value in that it can evade authorities and enable true privacy. Bingo, there's your two per-requisites for money right there.

[@MrEndzo]

The cameraman should use a light diffuser.

[@nagerjj]

I see your point Peter. Bitcoins true value is in the technology itself(blockchain) and that technology can be applied in other forms outside of just bitcoin.

[@ghettotheorator]

unless cryptos will be able to provide internet to the holders, move something tangibly/ preserve WEALTH & do something w/o the need of internet &/or electricity, it is fiat.

[@Xynudu]

Peter is right. How can you run a business and take payment using Bitcoin when the perceived value is so fluid/unstable ? It's purely speculative. That's the only thing driving the price up and down. The fact that the price has no limit on the upside makes it speculative. It's the tulip of monetary exchange.

[@islandbee]

If you understood the technology, then you would know that Bitcoin is the most innovative and sound monetary structure ever created. You'll continue to see the price of Bitcoin go up.

[@todmills]

There is lots of value in the utility of bitcoin and the blockchain behind it. There are two reasons I haven't started accepting bitcoin at my business or using it personally: 1. I don't trust my ability to safeguard my bitcoin. With my luck, 30 sec after I bought some or accepted some in my business, someone whould have stolen it and I would be clueless as to how they did it. I am not tech savvy enough and will never be able to catch up to the youngsters using it. 2. I don't trust my ability to use it anonymously the way I can use cash anonymously, again, because I am not tech savvy enough and never will be.

[@mansterj]

This Millennial doesn't think you're an idiot keep up the good work sir.

[@violetblue1924]

Of course he's negative on crypto. He's got all or the majority of his money in Gold. The banks are investing in crypto currency and etherum. Let me tell you, I'd buy cryptocurrency over gold right now.

[@aboutmyfathersbusiness8324]

I heard its limited supply is no longer limited.

[@marcusdenning3726]

if your selling gold you don't want to promote your competitors product. Its just a vested interest no different from a lawyer representing the side that pays them!

[@ww9952]

yea peter.

[@amira-oc5vs]

i don't like how he cut Peter off at the end.

[@joewger]

When I use Crypto , there are transaction fees and Bitcoin is very Expensive compare to Litecoin. When I pay in cash, there are no fees.

[@youcanthandlethetruth6007]

Peter just shut the music off at the Bitcoin party.....

[@olsza6969]

what will be if there is no electricity?

[@olsza6969]

@daren darensky as well

[@jesmigo]

great discution

[@rileylaforge7640]

Gold isn't the same as silver because it's unique in the periodic table. Please clarify this statement...

[@VaporTrap]

what kind of clarification could you need on this statement?

[@VaporTrap]

each element has unique properties

[@georgeaaron7707]

kaiser needs chill pills

[@2vnews902]

21st Century Battle: Digital Gold Money vs Cryptocurrency.

[@FredericJoyal]

Loved it!hahaha

[@onemindonespirit]

Peter Schiff--wrong on stocks for years, wrong on gold for years and now butthurt that he's been wrong on Bitcoin for years. Why listen to him?

[@reallyshel]

6 years later and Peter still doesnt get it.

[@arontesfay2520]

I do agree that something you can create an unlimited supply of doesn't serve as a good currency but that is currently the state of the dollar as well as most currencies world wide. The government just prints out money and creates value out of nothing. So bitcoin can serve as a currency in the same way as the dollar but at the end of the day, it is not stable since somebody could potentially figure out a way to mine it so efficiently and create huge quantities of it leading to inflation. Gold on the other hand is very stable because it is unlikely that somebody is going to find a way to mine huge quantities of gold to dilute the value of gold worldwide

[@claudedesaulniers2300]

Cryptos may hang around and become more popular, but they absolutely are speculative. Some people think the value will just keep going up. Would you sell your house and spend every dime you have to invest in crypto ? If you answered no, that means you know it may collapse.

[@anthonyg6221]

Buying Crytos years ago would have been a lucky play had you held them. But buying crytptos now is pure speculation and as Peter says 'you're picking up pennies in front of steamrollers'. It would be like buying the DOW at all time highs! Everything is in a bubble except gold and silver. Take those crypto profits and buy something real and tangible that has proven to preserve wealth, when fiat fails, for 5,000 years!

[@Unkn0wnGuy]

Crypto Noob lol right, easily.

[@ilikemitchhedberg]

Dex4Sure, gold and silver could go to zero?! What are you smoking, and pass me some.

[@romannavratilid]

yeah... i dont really like gold that much any longer and came to realization that Schiff is just to a large decree "gold seller" as are all of them, but stupid statements like "gold could get to zero" and "bitcoin as store of wealth" (yeah 7-8 years old "store of wealth"), always make me NOT laugh but stare in wonder how much stupid some people can be :-)

[@brandonbakhtiar7451]

greygoozz I agree with Anthony and don't do as you suggest because I'm not willing to risk buying into crypto and then the music turning off and riding it down or taking a hit before I can get out (to say nothing of whatever the capital gains/tax mess you then get to deal with). Instead I'd rather be esrly buying physical prec

[@davematherly]

GOLD WILL NEVER BE USES AS MONEY AGAIN or BE USED TO "BACK" ANYTHING AGAIN. (a patently stupid notion of 'backing', huh?) I bought a few dozen BTC when the rest of my gold bug friends laughed at me. I own no gold or silver now. BTC is headed.... wait for it.... $500,000 and higher. Peter will STILL be saying its a bubble! It'll make Bershire look like a pennie stock scam. I'll be retiring well.

[@angusjoejohnson1036]

I love and listen to both these guys. Peter is wrong. We accept several cryptos at our business as well as cash, silver or gold. I sold some etherium the other day to buy some silver on the cheap. It's a piece of cake on coinbase or gemini to do so. He doesn't know he doesn't know but he is right about a lot of things, especially silver imo. As time goes on he will change his tune or be left in the dust. The webbot that predicted Trump to win, predicted Fukushima, has predicted 100,000 dollar bitcoin parties being throw in the near future.

[@casienwhey]

Peter's analysis is off because the marketplace has shown him to be wrong. Bitcoin could have failed many times. It never has, so the marketplace has spoken. A Picaso painting has no value to me but other people would pay 100 million dollars for it. So who is right? They are right because if a willing buyer will pay $100mm for a Picaso painting, then that is it's worth, irrespective of what I think. Bitcoin has worth in the marketplace because it has characteristics that make it desirable, just like gold. Peter may not like that but he should accept it.

[@1kings1918]

But the price of tulip bulbs is still going up!?!

[@Killzy786]

am I going to have to carry around a smelter and a scale to buy groceries?

[@chrisheights609]

Jumping out of the frying pan and into the fire. So accurate it's sad. People are blinded by profits.

[@kbkesq]

Bitcoin has quadrupled

[@Michael-ol8he]

What do you guys think about a gold backed cryptocurrency? A good example of this is Digix, but I don't think it's being done properly.

[@todmills]

The trouble with a gold-backed cryptocurrency is that any government can come in and seize the gold and then where are you?

[@Michael-ol8he]

tod mills wouldn't that just be a problem with gold then and not crypto?

[@Killzy786]

I also think it's disconcerting that I never hear Peter talk about how there is potential he a lot of off the books gold in storage that if released could collapse the already damaged gold market. Gold could go down, if you get discovered that the supply that exists is more than a supply that was thought to exist. You don't think some bankers have some and some part of the book somewhere? Laugh out fucking loud.