RE: Peter Schiff On Gold Manipulation And The Future Of Cryptocurrencies

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Peter Schiff On Gold Manipulation And The Future Of Cryptocurrencies

in economics •  8 years ago  (edited)

I've been following Schiff for years. He's basically the guy who claims the economy is always crashing and gold is your only salvation. He's claimed that the Fed would never taper, they would never hike, they would only hike once, always been bearish on Bitcoin etc. He doesn't offer any insight. He's just a permabear selling gold. I wouldn't take anything he says seriously.

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The global economy did crash and hasn't recovered yet, the whole world is basically on zero interest rates for almost 10 years. So what did he get wrong?