Peter Schiff

Now, if the business grows and generates more income in addition to my dividend yield, I'm

When I go to sell the stock in the future, if it's a more valuable company that's generating more income and paying more dividends, then I can sell it at a higher price than what I paid, right?

Because the business itself is more valuable.

But if you're simply buying a company that doesn't even make any money, then maybe it's losing money.

And you just want to bet that in the future it might make money.

You're speculating on a stock.

You could speculate, but it's very different from being an investor.

You're a stock speculator.

But when you buy Bitcoin, you're not even speculating on

in the sense that Bitcoin is going to earn money in the future.

It's never going to earn money in the future.

It is a non-income producing digital asset.

You know, it's marketed as if it were digital gold, but it's not digital gold at all.

It's got nothing in common with gold.

Gold is a valuable commodity.

Now, when you own gold, when you decide to buy some gold, what you're doing is you're storing that gold so that somebody in the future can use it.

Gold is unique among commodities in that it doesn't decay, it doesn't spoil.

For thousands of years, gold will stay the same.

And if a ship sunk 500 years ago in the ocean,

And you can salvage that ship today.