Less Loose Will Lower Markets, Not Inflation – Ep 766
The Peter Schiff Show Podcast
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Investing in Bit Coin
Goldman sack is notorious for doing privately what it advocates the public does publicly. People were gambling that bitcoin could become a store of value to replace gold in the future, but it's not there yet. They would be rotating out of bitcoin into gold the same way they're rotating out of momentum stocks into value stock. The people who bought bit coin long time ago and who didn't sell are going to lose a lot of money.
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