Comments by "Austin Kole Carlisle" (@AustinKoleCarlisle) on "🔴 Massive shakeout in gold and silver: Ep 601" video.

  1. I usually never want Peter to be wrong except for this situation.
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  2. you conflate correlation with causation. think of how much worse off everyone would be if gig-economy jobs were outlawed; those jobs are filling a demand in the market. nobody is forced to work them. also, these services are in demand from consumers who want a better quality service compared to what they were getting before with taxis, food delivery service, etc. your reasoning is similar to what people have with deflation and the Great Depression: "man, all of that deflation sure made everyone suffer unnecessarily". No, deflation was a market response to a fall in demand, think of how much worse the Great Depression would have been if prices were prevented from falling and artificially raised? Oh wait that is exactly what happened under FDR and why it lasted longer than it should have, but that isn't talked about much, the narrative we get is "Deflation is bad".
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  3. gold is the ultimate form of money. it is currently outlawed from existing as money due to legal tender laws.
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  4. it is backed by entitlement--expecting something for nothing.
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  5.  @cactiman  gold and silver already serve that purpose. and they are actually finite, unlike the whole of cryptocurrencies.
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  6.  @christophersiefker8268  to trade them for things that maintain purchasing power.
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  7. What's he wrong on about race?
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  8.  @cactiman  the only reason no other crypto competes with it is because bitcoin is popular at the moment. what happens when people realize the only thing backing cryptos is faith? if they wanted that they could just use USD or any other fiat, but the ironic thing is, people are forced to use those, but nobody is forced to use bitcoin. look for the masses to seek something that is backed by more than hopes and dreams. something tangible like precious metals, or a PM backed currency.
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  9.  @criticaljim1  Thank you for the positive response.
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  10.  @cactiman  the market can stay irrational longer than you can stay solvent--except when it comes to bitcoin, then any change in the price automatically justifies the existence of said speculative asset, bubbles cease to exist.
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  11. it's not so much what she is, it's more about what she isn't.
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  12.  @granvillestout2681  anytime you are able to purchase more insurance for less money is a good time.
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  13.  @granvillestout2681  if the central bank were making the correct choices, then I would agree with you. but they have revealed the end game, so you're always going to lose purchasing power as long as you hold fiat.
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