Peter Schiff on CNBC 2/27/2017
I’ve said many times that, in my opinion, only PHYSICAL gold and silver are real and everything else will turn out to be an illusion, when the financial collapse will happen.
I’ve stated about Bitcoin, that (in my opinion) all those virtual Bitcoins will dissolve into thin air …. ‘aaaand they are gone‘, when the system (and the internet) will go down .
And good luck with those worthless gold ETFs, that will turn out to be backed by nothing.
I’ve also told you before who is involved & investing into Bitcoin.
I’ve also told you that in the short run Bitcoin may go up tremendously, while TPTB will (easily) keep the price of gold and silver down, signaling that they are not the safe haven, which makes people desperately looking for alternatives.
Bitcoin appears to be an alternative to silver and gold, BUT who created Bitcoin? I say it was the CIA, following orders of TPTB.
In my opinion, we are headed towards the greatest financial/economic collapse in world history, hyperinflation, civil war & revolution in the U.S. and Europe, directly followed by WW3, as predicted by Alois Irlmaier (and many others) in 1950 …
If that scenario happens, then there will certainly be no more Bitcoins.
What counts will be preparedness (water, food, survival gear, etc.) on all levels and physical gold and silver to protect one’s financial assets.
And yes, I may be wrong about all of the above.
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
– Alan Greenspan
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