Originally posted on 11/21/2021:

Quote Originally Posted by pablo222 View Post
Chucky. Sorry I can't find video.
But Schiff was on Kitco the other day being a complete asshole.
Guy is getting saltier by the day.

Schiff yelling at "bitcoin shills", because the precious metals he has been shilling, and making a fortune on shilling, have been stagnant during an economic period where PMs should be pumping. Pure comedy.

I still hear a lot of PM dealer ads on radio still selling the same message they have for years about hedging against inflation, when gold has been losing the battle against inflation for a few years now.

The funny thing is that the ads sound more and more scammy as their sales pitch is not proving true. Times have changed, and smart people are adapting.
Exactly, Pablo! Great post.

I posted the Mashinky/Schiff video b/c I thought it would be a good debate. I couldn't make it thru > 2/3 of the video b/c Schiff was so salty.

Mashinsky IS providing a service for buyer/seller on lending services. It's not like he's twisting anyone's arm to participate.

Schiff WAS right about the 2008 housing market crash. Props to him, the videos are up to prove his call. Thing is, everyone is right if your time horizon is long enough. The amount of $$ he has cost his clients is truly amazing.

Spot-on re: Precious metals vs Inflation. You'd like to think that Gold/Silver are at least keeping pace with Inflation. Depends on your time horizon, but they're struggling to even do that.

TRUE inflation number is the key barometer. Foss has stated that 2021 inflation is +14% if you used the OLD cpi-formula. I think +14% is a good baseline for what you should be targeting as MINIMUM annual return on funds.