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GoldSeek Radio Nugget: Peter Schiff and Chris Waltzek

GOLDSEEK RADIO
By: Chris Waltzek, GoldSeek.com Radio

 -- Published: Thursday, 7 December 2017 | Print  | Disqus 

Highlights

  • As the holiday season approaches, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) returns with glad tidings for PMs investors.
  • Our guest is particularly keen on the prospects of the silver market.
  • Regarding Bitcoin (BTC), Peter Schiff notes, "... it (Bitcoin) could grow to be the biggest bubble in the history of the world..."
  • Bitcoin and cryptos represent, "... an indictment of the Euro and the Dollar... BTC could run to $20,000 on FOMO or fear of missing out."
  • Merely 1% own BTC, 3 million - the potential for widespread adoption combined with Metcalfe's Network Law.
  • Contrary to naysayers, the true market bubble is clearly US shares, implying much higher BTC / PMs prices, well over $100,000 to even $1,000,000 per BTC.
  • The host finds BTC mining comparable to PMs mining, which also requires tremendous energy expenditure, resulting in a unique store of wealth.
  • BTC continues to accumulate the brightest engineers / developers and computer ASIC / Sha-236 hashing power.
  • The net result is an unrivaled digital, peer-to-peer, monetary system, and an unregulated miracle.
  • While the guest finds BTC mining amid elevated prices profitable, the host notes lower prices effectively decrease mining difficulty rates.
  • The duo concur; everyone must procure PMs insurance to guard against increasingly ominous financial conditions, worldwide.
  • Peter Schiff calls for $5,000-$10,000 per ounce gold, similar to BTC which is quickly approaching $15,000.
  • The topicality includes the importance of cold storage for BTC and related Altcoins.

 


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 -- Published: Thursday, 7 December 2017 | E-Mail  | Print  | Source: GoldSeek.com

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