Comments by "Austin Kole Carlisle" (@AustinKoleCarlisle) on "🔴Bonds are the bubble, gold is the pin - Ep 535" video.

@astrahcat1212 Ever notice how the only solution these politicians have is giving away "free" shit, or barring that, taking from the rich and giving to the poor? We are officially in the race to the bottom when it comes to politics and the economy. The last statesman we had was Ron Paul, but I guess society wasn't ready for the truth.
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why do central banks hold gold?
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@mdmill9308 why not diamonds?
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@mdmill9308 how can you say gold is overvalued when there is an entire paper gold market that is fractional in nature and doesn't require gold backing?
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gold is insurance against inflation.
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bitcoin was created from nothing.
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glad you admit that Bitcoin is only as good as it's gains. it was never about utility or ease of payment, it was always a speculative ponzi scheme.
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@sommi888 at least tech companies do something useful. cryptocurrencies can be created out of nothing and replicated ad infinitum, the only thing helping particular ones (Bitcoin, etc) maintain value is this hysterical assumption that their prices will keep going up in the future, it's all one giant speculation game. Tell me, would you be just as hysterical about them if Bitcoin was currently worth 50 cents and the price was dropping every year? Admit it, you're only in this because you believe you can sell to a greater fool in the future. That, my friend, isn't "inherent value" it's a fucking bubble.
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Peter Schiff is about to be right, ladies and gentlemen, the trolls are out in full force these days.
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@mdmill9308 what can I say about you? you've been visiting Peter Schiff's videos for YEARS and are a constant critic of him, I guess you have no life?
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@mdmill9308 90%+ of gold contracts are not backed by actual physical gold. you realize this, right? so how can you say the price of gold is "overvalued"? if anything, gold is undervalued because the "price" of gold is not reflective of the actual supply of gold.
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@mdmill9308 that didn't answer my question
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@mdmill9308 gold is a long-term store of wealth, it is never supposed to be an investment. holding it to the same criteria as an investment is intellectually dishonest.
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what if he's just early?
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@justinbailey1756 gold lasts forever and has a limited supply in the earth's crust?
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@sommi888 sounds like something a ponzi scheme participant would say. no thanks, i'll take my low-risk gold any day.
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@sommi888 like any other ponzi scheme, it's all fun until you're the one holding the bag.
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@sommi888 if you think comparing cryptos to websites is helping you case, then I don't know what to say. good luck with the speculation, friend.
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@mdmill9308 Yes, Peter seems to underestimate the ability for the US to kick the can down the road. So what? The economic fundamentals he speaks are not misguided. Who could have predicted the US would have "bailed out" banks instead of letting them fail like the market demanded? Had that necessary restructuring taken place things wouldn't have been delayed another 10 years. Just because nobody could have seen that coming doesn't mean Peter is *wrong*, it just means that we are just that much more FUCKED in the future. You get it?
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