🔴 Max Keiser vs. Peter Schiff - Bitcoin vs. Gold Debate 

Peter Schiff Great presentation. I was disappointed with Max. He should have done his homework on your arguments against bitcoin. I think cryptos are great for speculation if you hit it and quit it. In the long run though, gold will always shine! Love your podcasts, Peter! It's how I expose my girlfriend to economics. For being a really rich dude, you really are in tune with us average, working stiffs. Without a doubt!

Max was like a comedian who was hosting the Peter Schiff Roast Night. And then he was nice enough to use his last minute to relay a supporting argument for gold. My favorite is when you were trying to lie about getting into Gold Money when it was at its lows. Really? Last time I check EuroPac sold off Schiff Gold last year for 1 million common shares @ $5CDN with ton other under water warrants. Goldmoney has been trading well below 50% of that all of last year, and is now finally inching its way back to $5CDN. I told you can't fudge facts on the internet!

Peter, how can my friend Eulando send his family money in Venezuela with gold? Help Eulando.

I can't believe you're debating this clown. Two very different calibers of intelligence here. You deserve a better debate than this, Peter.

@peter Schiff...You forgot the most important reason why Bitcoin will fail. Article One Section 8, The part that says "Regulate the value there of". This simply means the US government(US Congress) determines what a dollar is and what it's worth, just like the government determines how long a foot is. Taxes have to be paid in order to pay down debt, support the military & the general welfare of the United States. These constitutional guarantees will always be paid with dollars or whatever the US Congress agrees on. And, not to mention, do the Bitcoin people actually believe the average person will take a chance to invest in such a shady system to begin with? I mean, right off the bat, no one even knows who invented it, that's shady and ridiculously creepy, and the fact that it uses blockchain is suppose to make me feel better that no one can trace it yet? I mean what a risk, talk about super shady! Say the government does figure out a way, then what? I should take a risk so that a bunch of greedy nerds can get rich? No thanks, I got bills to pay. The Bitcoin people have gotten so carried away with themselves its ridiculous.

You mean Andreas BTC Blockstream vs Adam Schiff

I have never seen Andreas A. debate and there is good reason. You can't compete with him. He fully understands the financial markets and is also a programmer whom understands and relays better than anyone the fundamentals of Bitcoin. That said I also have made the same comment as you.

What does "progressive liberal agenda" even mean these days. There's so many of them!

Lol and how max and stacy keep personally attacking peter when all peter is trying to do is lay the actual facts on the table to have a real discussion, if any thing just on that basic bullshit point max and stacy keep trying to present in this is that peter is biased when it comes to gold yet peter is actually trying to present valid points for this discussion becuase this actually matters to some people while max and stacy are trying everything in the fuckin book to try and discredit gold and peter.... Yet all they end up doing for thier side is making them look desperate and non factual... Peter was a saint and held fast. hence why i stopped watching max and stacy a year or two into thier beginning show and why i am STILL watching peter schiff to this day even when i dont agree with him atleast hes being himself not a shill.

What the fuck are you talking about fatman? Stacy actually said in the debate that she has some gold with Gold Money, and Max used his last minute to bring up a point in support of gold that Peter failed to bring up. All the Schiff groupies out here are clueless and follow this scheister blindly.

Lol groupies eh? Sounds like i hit a nerve .... So almost an hour and all you have are two not even good points.....after how much screaming and foaming at the mouth by max while not awnsering any other points presented ? Riiiight bud

Yeah groupies, and you hit the "clueless nerve". Yup, I brought up two good points versus the zero points that you've pointed out. The times that Max was yelling was when Peter was trying to talk over him, which he failed miserably and was at times left speechless because he have jack shit to counter it. That's right, clueless groupies like you don't see that.

- TheFinn - cocaine's a hell of a drug. ..

Stay mad bitch, Max is entertainment.

Truth hurts right.

I don't like how he screams, he was clearly right tho

I'll take annoying over stupid

hello from 60k

How many Bitcoins do you own now? Hello from 38k

@@BTCNSDAP How is your crypto portfolio looking now?

@@DaDankStrafe down over 50% in the past 6 months, up about 190% overall still

@CaptainEZ I lost it all already in 2018, and again in 2020. It's all or nothing for me. If Bitcoin goes to zero, I don't think this world is even worth living in. Because there's nothing else that'll save it

Let me check what gold did in the mean time...

Bitcoin plummeted 50%

Lmao

@@pubgbannedmysmurfs7833 bitcoin rallied over 100%

this aged well

Peter is mostly right but his timing is off by a lot sometimes

@@republicshallriseagain419 Constantly saying that bitcoin will go to zero is not mostly right, is down right delusional. And anybody listening to this buffoon throughout the years have missed out on life changing wealth.

He screams to make his argument. He doesn't win by screaming.

Max always "looses it" his superflous riffing is his trademark and part of his "entertainment" value. This tiger will never change its stripes. Max ten years ago is Max today

He screamed and still got the shit kicked out of him in this “argument”

That is not the argument though. It is whether bitcoin can be considered a safe haven asset.

Jack N. Ya max knows he can't win the debate he has to resort to screaming, jokes, and insults.

Yes. Somebody please get @aantonop Andreas Antonopoulos to public debate with Peter Schiff. I am happy to contribute money to see that.

Andreas has stated he isn't interested in a debate. People tried to sign him up for one against Roger Ver earlier this year

Lol oh yeah you mean Peter is the clown

Where's Botcoin now??? Who's the clown???

not this clown who’s up 1000% a year

Marcus Jenssen Hahaha loved that answer

Timestamp?

24:29 *Continues to try to sell the wonderful Bitcoin-story in the loudest most melodramatic way possible to 'anybody with a brain!'.*

32:26 _"I'M NOT SELLING ANYTHING!!!1!!one!"_

@@TheGreatIndoors1979 this comment aged well.

Stack Silverson damn bro, u have no clue. Bitcoin has been crashing and recovering since its inception. and this with a small market cap of 60/70 billion. when it gains mass adoption and it will, you will miss out on the biggest distribution of wealth in history my friend. that’s just the tip of the iceberg. u may never understand it until it’s to late. do yourself a favor and just buy 1 bitcoin or 50 litecoins. just do it.

@@robbycast It ended up collapsing, I'm sure a lot of people lost good amounts of savings :(

Yea if they sold but if they hold patiently they’ll be just fine

just found my soul. it was on the blockchain.

@@robbycast message from the future. You are right the idiot above is not. Bitcon is poisoned to hit 100k AMERICAN dollars and it has been an additional halving since this debate took place

Indeed.

Max respect eh

Agreed ... well said

It’s going to look pretty good in a few months or years

Gold price to shed $170 as Fed hikes rates next 12 14 2021

Bitcoin is decdntralized and easy to store

Horse and buggy have been nr 1 in transport for how long? I rather use a car now

Max was kinda funny

You said it, you can see peter's workings and the rationale he comes from and presents himself as a versed and educated person that is coming from a levelheaded decision... which is more than I can say from the digital jesus zealots like jsnip, cliff high, bix weird and max... I feel their demeanor and argumentation comes from such a dishonest place that they single handedly sent my at even a higher rate into silver and gold.

lol

Peter IS wrong. Max is just being his character and having fun.

Quite amusing you consider that a fun loving character, I guess you love having discussions with 4 year olds

robert20351 - So many people here commenting on what Max is wearing, when this is not a fashion show. It's a debate. A suit and a tie is not going to help you with that. Peter brought that, but no winning argument to the table.

would love that. likely wouldn't happen though.

speak for yourself. Schiff is a fool.

@@eruston Wrong. Schiff is good. So is Keiser. We will see it unravel. If Schiff is a fool, so is over half of the world. If you think everyone else is a fool, maybe you're the fool. I support crypto but Schiff isn't a fool.

No, we can’t love everybody. Lol stop it

@@Perry0823 30k *

@@Perry0823 deal 🤝 maybe gold reaches 1900 then 🤣🤣🤣 shiny shiny rocks

@@Perry0823 I encourage you to come back when bitcoin hits 0.

@@Perry0823 come back when it hits 1% then.

@@Perry0823 BTC @48K. Newsflash: Peter Schiff seen rocking back and forward in foetal position 😂

"I own the comic book" - Max Keiser Max was clowning Peter on this stage. And Peter Schiff was in all 3 books. Fiction: when he was trying to lie about buying into GoldMoney stock when it was lower Non-Fiction: Losing money and losing clients Comic: Max Keiser roasting him on stage.

@islandbee why are you posting so much? you are obviously a convert and cant see both sides of the argument. look at the video, no one showed up to the debate, they knew max was a waste of time. i was actually really interested in finally seeing a bit-believer answer peter's questions....but he couldnt....max had no answer so he started yelling...total cringe fest. max didnt roast anyone...he embarrassed himself, even the lady on the stage was cringing.

No one showed up to the debate? More like nobody showed up to listen to Peter's speech earlier. And are your deaf? People were laughing their asses off when Max was roasting Peter. FYI I also own gold and silver. You and all the other Peter Schiff groupies can't handle the fact that if you listened to him in this last decade, you have lost money. Why are you so salty so much?

We will see in couple of next years or decades, who earn and who lost - nothing lasts forever. If you go out at right moment - you will be winner. Otherwise - good luck. BTC (data from 2011): - max profit +9853% - average profit from last low +1422% (median +216% / 15% of average) - min profit +69% - max loss -93% - average loss from last high -50% (median -35% / 71% of average) - min loss -27% - average upward trend time - 186 days (median 80 days) - average downward trend time - 79 days (median 21 days) - average profit per day in upward trend +5,14% (median +3,05%) - average loss per day in downward trend -3,04% (median -1,28%) - ratio between average profit and loss - 28,72 - ratio between median profit and loss - 6,12 - ratio between average profit and loss per day - 1,69 - ratio between median profit and loss per day - 2,37 - statistical prediction of next low from last high - 8898 USD GOLD (data from 1970): - max profit +340% - average profit from last low +185% (median +159% / 86% of average) - min profit +46% - max loss -70% - average loss from last high -39% (median -34% / 88% of average) - min loss -20% - average upward trend time - 954 days (median 609 days) /monthly rounded/ - average downward trend time - 1396 days (median 214 days) /monthly rounded/ - average profit per day in upward trend +0,36% (median +0,24%) - average loss per day in downward trend -0,21% (median -0,16%) - ratio between average profit and loss - 4,79 - ratio between median profit and loss - 4,70 - ratio between average profit and loss per day - 1,78 - ratio between median profit and loss per day - 1,49 - statistical prediction of next high from last low - 1939 USD Do you think that something with such volatility like BTC (+5/-3% per day) can be a "store of value"? I think NOT. However we can't say much about BTC becouse it has too short history and don't surviving any crash yet - talking about this asset only from 2011 (it starts from 2009) is like saying US stocks are "safe haven".

Javier Valenzuela 6 months later and you are seen like even more of an idiot. Bitcoin best performing asset this year. I love how when Bitcoin goes up you call it a bubble, then when it goes down you call it dead, but then even more stupidly when it recovers and goes back up it’s a bubble 🤦‍♂️ no other bubbles recover again and again. Tulip and south sea.

Remember to come back when bitcoin reaches $1,000,000

Give it time. People are just buying bitcoin because they think they price will go up. Nobody really uses it. Its very bubbly behavior

@@muabyt7333 Right, if Bitcoin was a real asset like gold, people would buy it because they think the price will go down. I myself only buy when I think the price will go down.

Lol

ahhhhh.

how more wrong can you be

Gee DoubleU BTC is @14k right now (3500 at the time this video was recorded 2 months ago)

Jerma - Compelling argument! XD

@@jersauce1337 yeah and it was $19k and went to $5k too.

We hit 65K, after correction we are in now 30K level. Lol

@@komancikartal yeah we went to 160k a we are going to 50k again

*2 weeks later* 48,000.

@@IMALLITSTOOEASYIBALLITSTOOEASY $50k by mid next week??

Looks like Max is a million times better predictor than Peter!!

$51,300 and counting

@@jram8040 3 weeks ago $32k. Wow. Where next???

Fringe characters make for great dialogue

Sadly it'll never happen

And now 38

And now 30k

And now 35.8k

And now 39k

And now 40.3k lol Gotta love it

Peter Schiff is cool as my farts.

yes because that arrogance never waivers or even considers an alternative argument.

Losing your cool doesn't mean you lost. Sometimes people get upset when others aren't listening. Stubborn people never concede and that is frustrating.

maya maya he’s stubborn because he’s correct.

@@andrewp146 I like schiff but hes wrong about bitcoin. He sells gold so he has to do what he can to undermine bitcoin. Hes right about most everything else though

White Privilege I had to stop watching for this exact reason.

Wow amazing metaphor the Cenk of financial advice... your earned a sandwich my good man!

worse than Jim Cramer lol

31:27 is one of the examples where Max throws an undeniable objective fact at Schiff and he completely dismisses it without any sensible argument. Schiff just doesn't understand technology.

Lol

This aged like milk :/

I believed Peter. Time has shown that Max was right.

@@Janet_Yellens_LiquidityI’m not sure if you know the difference between a store of value vs an investment

nice profile pic

2VNews Cryptos win

Samuel Plante because he's the Iceman lol

To my opinion, it was a clear win for Peter, not that I do not agree to some degree with Max, ​but he acted like College student whining about inequality, and he wasted the time of everyone watching this debate.

Because he has gold and not the bitcoin

The crowd seemed pretty entertained and supportive of Max. And he did bring up valid points that Peter Schiff couldn't refute with facts. His response: "NO IT'S NOT!"

31:27 is one of the examples where Max throws an undeniable objective fact at Schiff and he completely dismisses it without any sensible argument. Schiff just doesn't understand technology.

@@Illidanek are you kidding me? Oh ok your one of those guys that take yelling and approving as a irrefutable fact.

He understands bitcoin, Peter doesn't

​@@mayamaya-kn8mk"understands" lmao snakeoil salesmen and their doofus lackeys are so funny

@@mayamaya-kn8mkyou don’t understand what a store of value vs an investment is.

Is he losing the argument though? :-) I know your comment is in 2017 and mine's in 2020. :P

@@DarkJDL indeed, he is making a fool of himself

the fuck

Basically when Max ripped Peter to shreds when he tried to lie about buying into Goldmoney at the lows.

aahh.... ya missed the fistfight

Same. This was fucking hard to watch. Max's ridiculous behavior just proves Pete right about the Bitcoin mania.

I lasted until the 32:10 mark... maniac attack number 2... I'm done here.

😄

Both are stupid haha should have bought bitcoin 🤦🏽‍♂️

Still 'Thuging' in 2021? haha

its 50k us dollars today you mug

He convinced me 8years ago, I'm financially free now 🙏🏻

I would have not watched a single minute of the video is Max wasn't being Max

28.934,55EUR 15 May 2022

What say you now?

Doesn’t matter the market will only ever pick a few to be popular

Network effects will force the adoption of basically only one. RU-vid vs their next biggest competitors Facebook vs their next biggest competitors Google vs their next biggest competitors Twitter vs their next biggest competitors These are all networks. People often can't even name their next biggest competitors, because they are totally irrelevant. Network effects draw people to invest in one, then to save their investment, they rebut competitors. irrelevant

Lol, evole, adapt, and stack sats.

This didn't age well, huh? 😂

$40kCAD/BTC - JAN 2021

Duncan P yes he is right. You should have both gold and bitcoin. My point was he doesn’t make that view clear in this debate although he says it everyday in his RU-vid channel. I guess it wouldn’t make a very good debate if he was agreeing with Peter the whole time.

@@goldenbanjo197 and stocks, bonds, silver and land if you have the money. Diversify, diversify, diversify.

wait until after the pandemic smart ass

Wait till the governments pops the bubble. 7 years of history vs 5000.

Uh oh

Bitcoin is a scam. So are paper/electronic contracts for metals. Physical is not.

58,000 today ...

17,000

but peter is wrong on everything as time has proven

Can you say it’s been proven with time. The bubble is still inflating. It hasn’t popped yet

@@coltuppal crypto bubble is still growing.. there is also a usd bubble. This is the decade the bubble pops. This is a accumulate and be ready play. Not a trade

Don't like how Max lost his cool, but I get it. I imagine Max goes off because Peter doesn't even understand how Bitcoin works and he feels debating the difference between things that the other person doesn't understand one of those two things turns more into trying to educating on the thing not understood, when they should be discussing the differences between the two.

dont worry itll be less than 3k in no time

@@Of-AgeConsentingNon-Related If only 🙏

same

Facepalm

what u saying now mate. bitcoin is at $50k you muuuuggg

@@coltuppal 10 years ain't up yet pant sniffer. ;)

@@Mrbullydog66 the internet took 10 years to make sense and another 10 to take over the world. bitcoin has been around for about 10 years...and about to take over the world.

@@coltuppal lol 17k

Because he's living in his world where this is the only single thing possible.

His live is only crypto without that he is at 0

I agree, extremely likable...the gold watch, the suit..."the ones that are buying in now are the ones who are going to be the big losers" (29:45)...yes, a very impressive man, extremely likable

denpat101 it went up 6x a month after this interview lmao

$40kCAD-Jan 2021

Maybe you should have bought Btc back 3 years ago instead of writing that comment

All the 3 year old comments, those people making fun of bitcoin must be kicking themselves now

@@Marco-cl9pb 😂

$40kCAD/BTC - JAN 2021

That didn't aged well

For Peter...

It really is.

So far every single Schiff Bitcoin prediction has been wrong

$40kCAD/BTC - JAN 2021

Rohan Aldridge it is sad becuase he used to be one of the few people presenting facts about debates no one else would have , that was like 8 years ago and now hes a bought out shill :(

honestly, he is probably on a ton of drugs. thats not to be mean, i dont think drugs are bad, but this is how ppl act when they use cocaine habitually. he is rich enough to afford it, so i dont hate him for ruining his life, but Bitcoin should find a new ambassador. i was looking forward to this debate, and it was a waste of time. everyone at the conference thought so to...no one showed up to that big, empty room.

$40kCAD/BTC - JAN 2021

yet he would likely decline a debate citing that open source protocols will thrive regardless of its advocates. bitcoin has won the debate by making it unnecessary.

thanks for that :) ... oh and $40kCAD-Jan 2021. congrats ;)

for Max that is normal behavior

Actually no, money is just a token and in fact most money is credit-based.

Stavros There have been things used as money through history that don't fit the definition of a commodity. Shells and beads and rocks were used exclusively as money for hundreds of years with no use as a commodity.

Absolutely:D non negotiable

Stavros Hadjiyiannis why? Because someone said so? Money is not a thing animals understand it’s an invention. So saying money must be used for something else first limits the mind and is like saying a means of transportation must involve an animal since even animals understand that concept. Another example of mind limitations because some said so is the 4 minute mile, if you don’t know for very long time people believed humans could not run a mile in under 4 minutes and because someone said so everyone was limited by that statement. Free your mind!

Money must be in a way directly comparable to all the other commodities that are measured against it. For this reason, there must be a common denominator between the money commodity and all other ones --> in this case, average socially necessary labor time required to produce it.