Peter Shiff bets on a price crash of BTC
- Thread starter Piano
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Again? rof/%
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Hey! don't underestimate the guy who's been predicting an stock market crash since 2010 and said gold was going to outperform the market since then xD
good time to go giga-long when he posts about that lol
Its like obvious from 10miles away, hes got an agenda here. 😉
See something on twitter about this, Gold is in a rising wedge, they all point towards it breaking out.
Only issue is it has to break down substantially first... as part of a liquidity squeeze (between now and march) and then turn on the printer... and ofcourse gold will move up.
Bitcoin is no different (just more volatile) and a leading indicator on liquidity.
Bitcoins move up was based on liquidity flowing into Chinese markets by the state spiggots, it has a 6 month lead on the US financial Markets.
SPX - Flat
NASDAQ - 6% plus
Only issue is it has to break down substantially first... as part of a liquidity squeeze (between now and march) and then turn on the printer... and ofcourse gold will move up.
Bitcoin is no different (just more volatile) and a leading indicator on liquidity.
Bitcoins move up was based on liquidity flowing into Chinese markets by the state spiggots, it has a 6 month lead on the US financial Markets.
Gold has lost 4% annually against currency debasement.
SPX - Flat
NASDAQ - 6% plus
Honestly, I wouldn't believe a word that comes out of that man's mouth for a second. It's pure guesswork and a shot in the dark. If he's right, 70% of those who follow him will believe him again after his last adventure. If he's wrong, well, then he hasn't lost anything in terms of reputation.
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I question the sanity of anyone who claims the price of gold is gonna go ballistic and pity anyone that follows such a persons advice 😕. But I guess even a broken clock is right twice a day.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
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https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
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