"Worth $44 Trillion" - Did Peter Schiff's Ideas Cost Him Millions?

[@tatianastarcic]

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[@BridgetMiller-]

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

[@bernadofelix]

Very true, you can be passively involved in the markts and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.

[@Hectorkante]

This is striking! could you share info of your advisor, please? i'm in dire need of asset allocation and standing at a crossroads, whether to sell-off or keep holding my positions, my portfolio is retrogressing bad as of late

[@bernadofelix]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@SandraDave.]

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her

[@alexanderfinlay9639]

As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research

[@veniceblackwood2931]

Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.

[@RickMckee-nq4ni]

Certainly true. My $550K portfolio was diversified across several markets with the assistance of an investment advisor, and in a matter of months, I was able to generate over $950K in net profit from high dividend paying stocks, bonds, and ETFs.

[@AstaKristjan]

Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@RickMckee-nq4ni]

Catherine Louise Meads is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@Boostlagg]

don't make it hard. Just buy BTC and HODL. In 10 years that 70k BTC will be a million.

[@EverlyndPerez]

While my strategy entails investing 25% of my income monthly in the stock market and refraining from selling for at least five years, my portfolio has recently suffered losses too totaling approximately $150k. What steps should I take to address this?

[@BenTodd-fl8nv]

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers

[@benitabussell5053]

Indeed, it's prudent to be proactive and diversify investments to mitigate risks in uncertain economic climates. Since experiencing a significant downturn in late 2019 during the COVID-19 outbreak, I've entrusted my day-to-day investing to an advisor. As of today, I'm semi-retired, with my retirement goal of $1m nearly 25% within reach following subsequent investments.

[@RickWatson-xu6gw]

my partner’s been considering going the same route, could you share more info please on the advisor that guided you to such impressive gains

[@benitabussell5053]

*Sharon Lynne Hart* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@A_francis]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@DanielPanuzi]

is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?

[@AgueroBankz]

It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.

[@AddilynTuffin]

Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.

[@judynewsom1902]

Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.

[@AddilynTuffin]

Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@FeelMyTruth]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@maarcoo76]

CORRECTION about the comparison to buy a Home with Gold in the 80"s and today: P.S. divided $80000 by 800 = 100 Ounces of Gold to buy a home in the 80's. The actual price of home in the 80's was 68900 and gold had a peak of $850 per oz. So the real number is 81 ounces of gold instead of 100 oz. Today you'll need 170 ounces of gold to buy a home ($400.000 divided 2350) So with double the amount of gold you can buy an asset that has increased almost 6 times in 40 years.

[@Gold_Silver.]

Peter the 🐐 of economics

[@michaelcostin2384]

Powell and Yellen, the useless fools of economics

[@mtradergame]

It’s happening already Zimbabwe is ontroducing a gold currency more countries will follow and Americans will suffer

[@JCS1964-i7w]

🎯

[@HoodRichCaptal21]

And it’s about cost Peter millions more investing in gold instead of equities. Nothing is replacing the usd for the foreseeable future.

[@paudieconroy4911]

Imagine Adam trying to discuss finance with Peter Schiff.🤣🤣

[@thegafa19]

🤣🤣🤣

[@JudeMarchisio]

I agree with a lot of what he said but there's no way we're ever going back to the gold standard. Ever!

[@Anitajonse]

Despite all the financial struggles i and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord!!!

[@harlenajones5721]

Same here, with my current portfolio made from my investments with my personal financial advisor I totally agree with you

[@reed229]

Wow! Kind of in shock you mentioned expert, Angela danielle crowe. What a coincidence!!

[@Jamesphilip-jz8wh]

Angela Danielle has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of life's

[@lannyhumphry6048]

Life is easier when the cash keeps popping in, thanks to Angela Danielle Crowe services. Glad she's getting the recognition she deserves

[@jacquelynbaker1140]

I use to work 3 jobs, full time at Walmart, a server at night and Lyft on the weekend, untill angela danielle crowe change my story.

[@randallkohn6089]

Stop saying how much he lost by not buying crypto when it was whatever! You can say that about anything!! Why didn’t you buy Amazon or Berkshire or google when they were 50 cents a share?!!! It goes for all of us!!! What he is saying is that crypto in its current form is going to zero. It has a “huge” what? 13 year history now?!

[@BrewerVera]

if you make smart decisions and invest in the right places, you can reduce the risk factor, increase the reward factor, and generate meaningful returns. The majority of stocks will be at or near one extreme or the other several times a year. Stocks have a 52-week low and a 52-week high. equities fluctuate up and down; even rising equities will retrace and test previous supports. It's what they do, and I tend to buy much more frequently at or within 15% of 52-week lows. Although the market is out of my control, I can control when I buy

[@Raymondcraw1967RaymondCrawley]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@VanessaWilliams-pu8vt]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k

[@AndersonFair-cy2bb]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation

[@VanessaWilliams-pu8vt]

*Whitney Kay Stacy* is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets

[@thethomaschronicals2024]

The wealth of the top 1% stayed the same with inflation. Inflation only hurts the little people

[@neil03051957]

Gold has a long way to go, yet listen to PS, stop thinking tactics and start strategies. All central banks are stocking G, all of them, follow the 💰 it's all going G.

[@rickeybanks7378]

They are buying gold, real estate and crypto. Follow the money.

[@BluffTrail]

Money Makes money. Interest loan makes them rich. There’s always gonna be rich, never be jealous of somebody else’s gig.

[@davejohnson9474]

Thank you!! Couldn't agree more!! The first 2 minutes, watching this video, I thought we'll duh the rich got richer after they printed all that money!! Broke stupid people spent all that money!! Rich smart people took that money and invested it

[@johnjaso385]

Great comment.

[@alans5799]

cede and co

[@JamesWillis-yy5px]

Not true. Money is not wealth. It has no intrinsic value.

[@sandcastledx]

@@davejohnson9474the problem is the long term leverage means there is no middle class

[@Louisbrus498]

As a newbie that wants to invest, you must have these three things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor.

[@TheRateUpdatewithDanFrio]

The TRUTH: I live in PR and pay NO Taxes, I make a lot of money and my investments have done very well: Then you ask why is he always on TV and media screaming CRASH? Because he is making a LOT OF MONEY with that narrative Do as i say and NOT as I do

[@davidlauer6434]

PBD , Valuetainment needs to interview Jim Richard's about BRICS currency.

[@seymorbutts1027]

Ricards is a perma bear...never been right about anything.

[@orthodoxNPC]

you mean Jim Rickards??

[@Don-qf4hy]

@@seymorbutts1027he’s one of the only ones to say Trump was going to win the 2016 election?

[@Don-qf4hy]

@@billyracks good for you

[@Don-qf4hy]

@@billyracks if it wasn’t hard to predict why were so many people wrong with their predictions

[@madness03]

bring on Schiff more often

[@Freddy-Da-Freeloadah]

@4:20 PATRICK!!! Read up on the term "MAL-INVESTMENT" That is the Austrian Economic critique of the business cycle: THAT MONEY/VALUE THE FED GIVES TO "EQUITIES" CAUSES BUSINESSES TO MAKE BAD INVESTMENTS. Bad investments in unneeded capitol goods drags down the economy. And leads to the firm that made them also having to invest in a junk yard behind their facility for all the equipment they bought that they did not need... Sad IMHO

[@danielj3010]

He has real estate and cash flow through his business. That's not a bad business model.

[@Narthexproduction-ym4kd]

This aged well

[@MarkLotus2005]

Unless this is adjusted for real inflation (not the lie they tell us), the top 1% growth is really showing the rapid decline of the dollar value

[@will.davlin]

Things are about to go down

[@arnonabuurs7297]

yah, but not the markets, they keep printing lol

[@joefuentes2977]

Yeah most people's buying power

[@Elvetos]

They just raised the minimum in cali to 20$ and its not enough. I wonder how much they will raise it to 40$? 100$? Will be fun to watch

[@ericgarcia4745]

Unless you're an illegal immigrant in a western nation. Those gov leaders bend over backwards giving them anything paid for by the citizens.

[@wreckim]

@@Elvetos It doesn't matter; you need $150k/year to buy a condo and have a decent car. Cali is very expensive to live in, and it's not for everyone. The ultra rich can move out, and keep a rental here and claim to be Floridians etc....nothing you can do about rich people getting richer in America and making slaves out of the masses. The masses will continue to vote for both Dems and Republicans that continue the system; unless war breaks out...like a real war. That's always a possibility unfortunately.

[@787UrbanApparel]

People is the most valuable asset a Nation could have ; not gold , oil , tech , diamonds or stocks . People are the drive , what adds value to things is people . Never forget that ... Hug A Stranger Today !!! 😊😊😊 Free Hugs !!!

[@DBBMed]

But the most valuable asset a person has is time.

[@s4lino]

@@DBBMed is it time in gold equivalent backed up by oil to transport them to some undisclosed facility where you need a higher time key to unlock to get to the next level?

[@cultofmodernism8477]

Almost zero chance that gold replaces the dollar as the world reserve currency. It will probably become an international, electronic payment system with blockchain.

[@Ukeedaze]

Yes blockchain but backed by gold probably be the BRICS

[@cooperwolfe1731]

people and governments want security from having assets frozen by foreign entities, physical gold is the only solution to this problem. the cbdc you're describing is only further enslavement of the population, and it will most likely be rejected.

[@kapeezy4097]

Mmmmm that’s quite the stretch that we’ll be going back to the gold standard.. that’s going way backwards in time.

[@CharlesVaughn-bm9gq]

Thank goodness I didn’t invest with Schiff years ago. Returns are not good. Gold is not an investment.

[@hopolang99]

Damn…Patrick never misses to deliver 😴💪🏾

[@J_h-3ik]

It's unrealistic that a physical commodity would ever replace fiat money as the global reserve currency..it's just highly inefficient to move around physical gold and test the pureness of it when it comes to settling international transactions...even if we were to go back to the gold standard, it would have to still be how it was where one highly trusted fiat currency is pegged to physical gold reserves and that currency becomes the reserve currency and of international trade. The success of this currency would require consensus from a league of economically powerful countries.

[@hunden8404]

A reserve currency shouldn’t be decided by any governing body. The most reliable currency should be the reserve and its use chosen voluntarily. Gold standard is not as cumbersome as you make it out to be. Testing purity is not difficult, and pegging to notes isn’t either.

[@stevetaffy8780]

Bitcoin baby ! The hardest currency that will ever exist

[@Derideo]

@@stevetaffy8780 bitcoin is not even currency.

[@aNotoriousNerd]

While you are possibly correct in common people bartering commodities, to make fed money worth something, their balance sheets require gold. The BRICS central banks to better position themselves, are buying gold to strengthen their respective currencies.

[@TheGoldenSkill]

mr schiff brings good topics to the show!

[@medic1937]

Peter has been saying the exact same thing for decades now. He'll eventually be right, just like a broken clock.

[@timothybogle1461]

He was right in 2007 and was one of the only people saying it was a housing bubble.

[@mph5896]

I listen to many different people, then make my own decisions. What he says has some validity.

[@tuckerbugeater]

@@mph5896 so

[@Ricco_suave_chick]

It’s always been eventually. That’s what you don’t understand. The whole thing is / has been a sham. Doesn’t matter when or how…. We will pay the tab. Doesn’t matter what anybody thinks… this just will be.

[@sevensages5279]

One interesting note is that in 2007, many "experts" were saying the country would go bust with a debt of about $10T, which it was in 2007. Today ,the debt is about $34T ..........🤔

[@joshuam4921]

1:53 of course PBD wants to move away from the taxes topic quickly lol

[@georgina979]

lol, my 21 daughter got the pb.d sales job from one of his ins. business. Can you give me 5 leads before you leave?

[@ElieKhananya-cx8oo]

@@georgina979he’s a scammer lol

[@user-Socrates]

@@ElieKhananya-cx8oothen why you are hier??!😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@DanReh]

PBD is all about personal accountability when comes to taxing the rich. He's point of view is that the rich shouldn't have to pay more taxes because they earned it and capitalism gives you what you deserve. Every debate he has had with a left leaning individual, you can see he shows immense aversion for the rich having to pay more taxes.

[@sevensages5279]

Pbd ran a sleazy MLM life insurance scheme where 95% of the licensed sales agents make less than a minimum wage worker making $7.25hr while Patrick leeches off their commissions! *The company is called PHP- Patrick Helping Patrick!

[@bdoubleu6]

Let’s see what happens when any of them billionaires try getting that money out the bank it’s all a scam

[@plinnytheother6107]

so how do they buy those fab houses and yachts

[@evilspyke5760]

no. gold is not going to become the worlds reserve. Dogecoin will.

[@Derideo]

Nope gotta be backed by an abundant commodity. Hempcoin is the way...

[@mph5896]

Dogecoin may be more stable than the dollar soon😆

[@WellplyD]

lol when you don’t even need to watch. Because he never says anything different for 30 plus years

[@Slay_Nation]

Gold isn't replacing dollars. Not enough gold reserves to be backed by gold.

[@CrossLBar1883]

What do you think Trump got out of the basement of the Vatican... capitulation tour 🌞🇺🇸

[@abramtaylor7575]

Wrong. There is plenty of Gold to have Gold as money.

[@failedrepublic2023]

It has nothing to do with that it’s simply the ratio of dollars to gold that it would be.

[@Slay_Nation]

@@abramtaylor7575 if that were the case, we would have pivot long ago. FIAT gives the feds control of currency and speed of settlement. We're not going back to Gold

[@therealscot2491]

Not at 2300k at 15000 that's a different story

[@slightlystrombeck]

SHIFT IS RIGHT! Buy precious metals: GOLD, silver,& LEAD

[@darthbrooks4933]

Lol, no he isn’t, he’s a grifting clown.

[@w12p67]

Lead 😂

[@46GGevans]

😂😂 yeah lead

[@wreckim]

Copper ain't bad either. But personally, I like lead...will find a way to turn into gold with the right acid/stupid mix in my dreams.

[@JL-OnwardandUpward]

Give it up Patrick, Peter is way more intelligent.

[@brentjindra4806]

When Peter Schiffs back is to the wall, that's when you know, he's about to be right, again. I only followed his advice on Gold as 5% of the portfolio from 2008, but it served me well for its purpose

[@_Dreadd]

we’re in a MMT economy era, there is no way the gold standard will ever exist again. It will be as if the US realizes their national debt

[@jadamian75]

Compare the chart with the S&P 500. They increase is the same over the same time period. Invest your money like the 1%. Start small and set up automatic investments

[@aljazzi8387]

Rich getin richer poor getin poorer

[@lassataest5604]

He's not wrong. His approach is logic based on data for the most part. I'm glad I didn't listen to him on Bitcoin

[@NasrM-0]

Its very unlikely that the dollar would be backed by gold… Maybe a mix of commodities and Bitcoin, thats more plausible

[@Shepherd20.28]

The preexisting funnels will receive the majority of benefit from any and all newly created dollars. It still dilutes real value (just like open borders dilutes wage growth).

[@MrTenniswest]

Peter S. Has never been wrong because he's a common sense guy. Simple.

[@curtissnow9546]

Replace gold with bitcoin and shift is spot on

[@panashejmombeshora4021]

When it comes to investing in the US, on the stock market and with US Dollars, I believe these are the golden years of the US dollar. It will remain so especially if Trump becomes President. For that reason, I'd rather invest in whatever the stock market is hyping at the time, because in that moment you will get returns on investment you might never see again in your lifetime. Once the US dollar ship starts going down, that's when we can talk about Gold stocks and investing internationally. Until then, I bet, if I had the money Peter Schiff had in 2010, but used this strategy, I'd be worth hundreds of millions of dollars right now, like many other rich people are

[@1noly121]

Talk shit!!

[@beaulieuRule]

one person should not have more 1 billion in total value in stocks.....

[@InvestBetter.]

Peter Schiff The kind of guy who avoids investing in the best stocks on Earth (The Magnificent 7) or the best investment of the 21st century (Bitcoin), but feels comfortable advising people on what to invest in, and how to invest, like it's 1999

[@CatalinaFOIA]

Gold is always a solid investment.

[@InvestBetter.]

​@@CatalinaFOIA If making a ROI over the cost of capital doesn't interest you, you are right

[@wreckim]

@@CatalinaFOIA How is that? If you're 24 years old, and have $10K saved up, how is gold going to get you to $100K??? it's not. It's going to get you to $15k, in like 10 years. This is the most idiotic way of thinking. Gold might be good for the rich, but if you're trying to get rich, you have to take chances, and if you fail, you try again and again etc... Gold is as good as investing in diamonds, maybe worse.

[@chrischamp8596]

He thinks backward. Gold's fate is to be redeemed for paper, while FIAT money is destined for devaluation ; practical stakes dictate it so. Bitcoin shakes this up with its P2P system, not to mention its fixed supply. Gold only seems valuable in a pre-internet world, like the Stone Age.

[@harrymaybourne8667]

45? I thought he was at least 55.

[@s4lino]

i heard gold standard is the best age defying cream for man?

[@tuannguyen-zk3lv]

Peter is a gold broker. He alway bullish on gold so people trade with him, but he invest in other assets.

[@wreckim]

You can't get rich with gold. This is pretty much a fact, it only protects you from inflation.

[@terrysadlier8456]

He's overwhelmingly in Gold, 50% of his investment are in mining stock. He sells a product that he believes in. Something that has been money for 5 thousands years. Paper fiat currency will always fail, just like everyone in history.

[@kendrahughes8622]

Hey PBD, did you have to get Schiff a private jet for this interview? Lol

[@lucristianx]

Peter Schiff is always right with the diagnosis but wrong about the treatment.

[@817sports]

Nonsense to think the world is going back to gold.

[@Ukeedaze]

Tell that to the BRICS and all the central banks buying.

[@fanxia3100]

Watch what happens after HK bitcoin spot etf go live. The US Bitcoin market is not accessible to a lot of people in the east. When you give people the option, they will tell you what they want.

[@stewmerdian6890]

Gold or Bitcoin?

[@ArbitragePrice]

Btc

[@CatalinaFOIA]

Gold, always.

[@Anarchistarchitect]

Bitcoin and it's not close

[@Bambam-]

Neither

[@forceofchaos1]

Bitcoin. Makes more sense to invest in innovative disruptive tech than investing in a rock

[@mosesmukuna]

It's pure theft

[@ohiunku]

If something wasn’t illegal then it can’t be classed as theft. Get educated

[@tuckerbugeater]

@@ohiunku it's legal theft

[@rogerburn5132]

PETER. SHIFF IS THE BEST AND ALWAYS RIGHT ALWAYS LIKE 👍👍👍👍👍

[@stevetaffy8780]

Ok peter. Chill. You dont need to make bit accounts to force people to believe you. Doofus

[@rogerburn5132]

@@stevetaffy8780 "" Force people "" on What don't Make. me laugh. I have listened to Peter for the past 7 years and I know what I em talking about.

[@orlandovelastegui1391]

I’m going to be rich 🤑 I own 22,000 share of Gold stocks!!! I just made thousands in profit and was able to pay all my debt in the last few weeks. I’m waiting for Gold to pull back a little so I can buy Low and sell some of my other Gold stocks high!!! Peter is letting you know if you have money to spend you better start buying Gold and protect you assets!!!

[@boris2997]

Don't worry about money guy's the Fallout is coming. Invest in A Vault 😂

[@universalservicetechust3578]

What about the wealth of the bottom 1 percent 😂

[@evilspyke5760]

bottom 1 percent dont count. they shouldnt even get a vote.

[@rafewheadon1963]

, hey now...im trying my best.

[@mokaLARE]

-$10000000000000

[@teevee2145]

4 bucks

[@rap3208]

There were a lot of articles last year of the upper 1% owning more wealth than the bottom 90%. Since the beginning of this year, they buried the articles or erased lot of them and it's not that easy to find the info anymore. One way would be of course to copy and phrase my phrase about that 1% owning more than the bottom 90%. This means that the middle class became poorer and the poor are probably the homeless that suddenly multiplied in major city streets.

[@deanmartin1447]

Anyone notices how Peter deflects the question about what he is investing in other than gold ? Peter what is non gold portfolio, thats so broad

[@cooperwolfe1731]

why does it matter, he said his non gold portfolio did better, which answers the question asked.

[@jdoc4002]

Who is the magnificent seven?🤔

[@ediem4222]

Entitled people being rewarded by our government.

[@DannyBrooks1]

Peter should have invested in Bitcoin and he knows it. He’s egos just too big to admit it.

[@GrapeJeli]

Hows BTC going this week

[@DannyBrooks1]

@@GrapeJeli I am up 5x from 2018 so very good compared to gold from 2018 till now. It’s about the long game. Winning with Bitcoin!

[@GrapeJeli]

@@DannyBrooks1 too bad you are capping and bought your BTC at 60k

[@DannyBrooks1]

@@GrapeJeli average is 13k my friend.

[@GrapeJeli]

@@DannyBrooks1 suuuurre mate, even if you do i am about to have a lower average than you within a year

[@CharlesVaughn-bm9gq]

He makes a living espousing constant crisis.

[@failedrepublic2023]

I find it amazing that people like Patrick don’t understand the gold standard.

[@marshall2.015]

I watch a lot of financial videos but I've never heard anyone explain exactly what "the gold standard" really means. I'm assuming it means the number of dollars in circulation can never exceed the value of existing gold reserves, but I've never heard anyone say that.

[@Derideo]

@@marshall2.015 It means "he who owns the gold makes the rules. Throughout history it's been the death of the poor, the downfall of societies and the very last thing that we need. Watch Money Masters.

[@failedrepublic2023]

@@marshall2.015 Gold standard is a monetary system where paper money is the representation of actual gold held by the US Treasury and a nation. Banks are required to hold gold reserves as the paper can be converted back into the physical bullion. Why this is good is because it holds your government and congress accountable for their spending and deficits. It also forces them to encourage policies that create new businesses and production within the economy. The price of gold in dollars signals whether a government is managing the money supply and over debt correctly. Citizens who might believe the us government is straying can redeem paper for gold and the outflow of gold returns to the citizens. If governments want increase spending they must do so honestly by requesting to raise taxes. However, Congress representatives will not hold office long if they agree to do this without the consent of their constituents.

[@Erutan409]

​@failedrepublic2023 To piggyback off that: And when/if the dollar starts to rapidly fall, you'll see some anomalies of strong stocks' value jump up. Which is only an indication that the dollar amount calculation reflects the value lost in the currency.

[@georgezipp8783]

I like the jib of this , but I have one problem . Peter and the wolf wolf wolf has been saying this for ever . The DXY is at 106 107 ish . So I'm not sure if he is the best messenger for this . Will he be right one day , but one day out of 7,000 doesn't make you right . Tho he'll claim it . Maybe get a guest not so jaded guest to talk about this . Great show great questions . Thank You

[@RamalingamKB]

Following Iran's attack on Israel: 🇮🇷 Iran Stock market down 5% 🇮🇱 Israel Stock market up 0.5% 🇺🇸 US Taxpayers just put $1.35B in BLACKROCK's pocket through NYSE: (NOC), (TDG), (LHX), (HWM), (TXT), (CW), (CAE), (JOBY), (LMT), (BA), (NOC), (GD), (RTX), (LDOS).

[@TideV2]

Guy invested in gold telling you to buy gold. Nothing to see here keep moving.

[@Killajmj]

Nothing to lose

[@Cbt1111]

I’m all in! 🎉

[@lampshadeetiquette6638]

This is madness.

[@MarkFillmore]

He’s right, the Dollar is doomed

[@sevensages5279]

Schiff is not a dipstik republican!

[@wogeibe]

Who else was surprised when PBD said he was 45 and thought he was in his 50s?

[@harryhuhtinen7785]

Me😮

[@gerhard-jx4rn]

I am riched enough 😂😂😂😂

[@bowen5995]

Adam brings the show down. Not even kidding. The minutes he talks during the show is wasted airtime and for the viewers. Get rid of Adam. Please!!!!

[@PeterErikson-rd5tj]

COVID MONEY WENT STRAIGHT TO THE RICH, :21

[@CatDaddySteve]

BFD PBD 👎

[@jross6338]

I used to respect Patrick, but he has to call these people out. Peter hasn’t outperformed the any market in the past decade. He’s a leader and should be giving people a spotlight that give people a chance to win. Sad he now just complains and puts people on and that represent his sponsor

[@conwayf9281]

It's a sad day in America when one's life worth is compared to Dollars and cents in their bank account. One thing I do know is you can't put the U-Haul 🏦 in the back of a hearse. U can take that to the Bank. 🤔🤔🤔🤔🤔🤔🤔

[@Anouyz]

The average person can't afford to eat non poisoned food like the wealthy do or access the same level of healthcare or legal services. This is the problem you are being fucked and justifying it to yourself to feel better.

[@octaviomedina3449]

What's your PayPal bro!! You need 20$ to go eat a good meal so you shake that brokenness off

[@conwayf9281]

@@rniggardsonCompletely off base. Look at the comment. Do some critical thinking 🤔

[@mph5896]

Money makes life MUCH easier. Have little to none, you have to hustle or do without.

[@sevensages5279]

You must surrender to the almighty religion of the dollar!!! The more you have the more you need! 😂😂😂

[@robertgasko4041]

If dollar crashes go commodity’s, best one is Bitcoin !!!

[@winnerxl3000]

In oder words his strategy was dog shit compared to those he criticizes

[@cooperwolfe1731]

for now. the future is not the past.

[@Derideo]

Nope, wrong. Try watching Money Masters and Secret of Oz by Bill Still.

[@garysavage8110]

The reason the rich got richer is because rich people don't waste their money on depreciating assets. Rich people buy appreciating assets, like stocks, real estate, commodities. Poor people spend any money they get on the latest fad or starbucks, going out to eat. Anybody can benefit from the flood of liquidity if they just change their behavior.

[@Tampa_tom]

Where is the full podcast

[@Bjmendez1264]

Wait until the crypto money is turned on. 44 trillion will change a lot.

[@HankSemoreButz]

What’s up?!

[@SatoshiHODL]

🍿

[@chassehodl6930]

If everyone tried to sell their gold.... well good luck having 200 claims on every ounce as it's been rehypothecated so well. Listen to Brent Johnson over Peter Schiff 8 days of the week

[@nosnerd1967]

Yet they continually borrow against their stocks with a line of credit to enjoy life and not pay any tax

[@sireel]

I'm so glad I didn't give him any $. His assistant was hounding me around the clock as soon as I reached out. Red flag!

[@blueraystars33d]

"There are two types of Trump supporters, those that are broke or those you have money" 🤔 Dosnt that cover pretty much everybody?

[@HolisticHealthDave]

Sounds like a politician. Answer the question bro shit.

[@daleferguson1233]

Investment..follow CEO-Raoul Pal ..Or CEO-Cathy Wood ..😮😮😮 Or.. 100% in BITCOIN 😮