Peter Schiff (@peterschiff087) 's Twitter Profile
Peter Schiff

@peterschiff087

Chief Economist & Global Strategist Europac.com, Chairman SchiffGold.com, Founder SchiffSovereign.com, Host SchiffRadio.com

ID: 1215320209

linkhttp://amzn.to/1nDylDr calendar_today24-02-2013 12:09:51

29 Tweet

1,1K Followers

469 Following

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Looking at Twitter/x makes me wonder what the “progressive” left think of Hamas? Do they like Hamas? If not, what don’t they like?

Peter Schiff (@peterschiff087) 's Twitter Profile Photo

#Gold  just hit another record high. It's up over $25, trading just below $2,450. It won't be long before it breaks above $2,500. In contrast, priced in gold, #Bitcoin  is down 30% from its 2021 record high almost three years ago. Wake up and smell the bear market #HODLers.

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Gold is up another $8 now, trading at a new record high just shy of$2,480. Just as gold started to move higher Bitcoin started to move lower. It really seems that Bitcoin has developed a strong negative correlation to gold. That means for #Bitcoin  to succeed #gold  must fail.

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The 21st century will be known as the century of #inflation. During the 20th century the price of #gold  rose from $20 to $275 per ounce. That's a 1,275% gain.

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On Feb. 26th Argus cut the rating on $NEM from buy to hold because the analyst didn't see much upside potential for #gold . But he said that he would consider upgrading NEM if the outlook for the gold price improved.

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So Joe Biden is out and Kamala Harris is in. Rearranging the deck chairs of this disaster of an administration won't prevent the ship from sinking. Harris's odds of winning will collapse after she debates #Trump.

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In case you haven't noticed, despite yesterday's launch of 8 #EthereumETFs , #Ether is already down over 7% in the past 24 hours. #Bitcoin  is down too, falling 2% over the same time period. The stage is set for a #crypto crash, just in time for the Nashville Bitcoin conference.

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#Gold  and #silver  are selling off too. The markets are about to price in a hard landing. The key is will the Fed allow that to happen, or will it delivery the one thing that can stop a full blown stock market crash.

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#Ford shares are down 12% in after-hours trading, following lower than expected Q2 profits and weak guidance. This shouldn't be a surprise. Americans are broke. The cost of living is way up. They can't afford to buy new cars.

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Kennedy said a lot of good things. It's just too bad that he interjected #Bitcoin. He's right. Fix the money, fix the world. But Bitcoin doesn't fix anything. If Kennedy had only spoken about a return to a traditional #gold  standard and left Bitcoin out, he'd have my support.

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Ok, so you guys will HODL all the way down to $3K. Here is your problem. How will you convince new buyers to come into the market when Bitcoin's track record is that bad.