I don't get why people buy silver and gold.
If you buy it, you'll have to pay a 15% premium on the gold price to the gold trader.
And when you sell it, you'll have to pay a 15% discount to the gold trader.
There's literally only 1 person making money... the gold trader. He earns when he sells and he earns when he buys.
This what Peter Schiff doesn't want you to realize. He's not in it for the hard money. He's not in it for the hedge against inflation.
He just wants you to buy his coins and then sell them back to him.
BitNBeautiful / Bit N Beautiful
npub155…4vxmr
2024-03-01 15:27:54
Author Public Key
npub155kk6klvrzxtslmhf0g7x9qcje04ftj5ffzqskqqtkmfjdwyg4yqd4vxmrPublished at
2024-03-01 15:27:54Event JSON
{
"id": "1f20581b8f9125eae5dfbbbdacc473696398b234b8de6c1bdec8369a61587e72",
"pubkey": "a52d6d5bec188cb87f774bd1e31418965f54ae544a440858005db69935c44548",
"created_at": 1709306874,
"kind": 1,
"tags": [],
"content": "I don't get why people buy silver and gold.\n\nIf you buy it, you'll have to pay a 15% premium on the gold price to the gold trader. \n\nAnd when you sell it, you'll have to pay a 15% discount to the gold trader.\n\nThere's literally only 1 person making money... the gold trader. He earns when he sells and he earns when he buys.\n\nThis what Peter Schiff doesn't want you to realize. He's not in it for the hard money. He's not in it for the hedge against inflation.\n\nHe just wants you to buy his coins and then sell them back to him.",
"sig": "50eb2ed082ff12c847a9fdd0a7f71a3c41caae386e9f0cf47113069f955c07dcd3fbafffef692d52b305ec0da561934a008a29101fc3fa3c1a903e7fa9fe8208"
}