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Bonnie

👤 Speaker
259 total appearances
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Appearances Over Time

Podcast Appearances

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

Some of the characteristics are the same.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

None?

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

But isn't that every financial product?

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

or money in the world becomes more.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

People keep on printing and that is just a system.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

I have a question.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

How is that different than gold?

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

Our producer there, he used to be a Bitcoiner.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

Now he loves gold too.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

And I mean, this is, I love Bitcoin and I talk about Bitcoin all day, but the world is huge.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

People have different views.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

And for people that buys gold, not everyone wants to wear jewelry or they don't use it in electronics.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

But for the same reason, why people buy Bitcoin?

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

Well-

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

Right.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

Maybe we can talk about why is gold valuable?

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

Well, the past two years, gold price has gone up a lot.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

And a lot of governments are buying gold now.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

But the utility of gold didn't go up that much.

Bonnie Blockchain
Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain

So it is a store of value in some ways.