원문 보기
I would just buy gold. Seriously, in 2000 you said gold would be 2,500. It would take 12 years. The rates will go much higher than this level. This is not a peak, and it will create a lot of problems in the real estate market and in the economy in general, especially in the US economy, which was actually based on real estate, because we were in a "bull" bond market for 40 years, right?
I don't think we have higher real rates. In fact, I think inflation is rising faster than rates. So I think that's pretty positive for gold. If mortgage rates reach 9%, which I think could happen by the first quarter of next year. If the Fed buys Treasury bonds, mortgage rates will still rise. You know, they're going to have to buy mortgage-backed securities.
They will have to buy corporate debt. They will have to do this because anything the Fed doesn't buy will continue to become more expensive due to rising inflation. 50% of all loans in this country, 50% of all loans have a rate below 4%. Some people will lose their jobs. We know what people do when their mortgage becomes unprofitable.
They just give away the keys. Well, listen, my point is that Bitcoin and gold are not related at all , and adding Bitcoin to a real estate portfolio is like saying, "I'm going to add Bitcoin to my stock portfolio." "I'll add it to my bond portfolio." Would you add gold to your real estate portfolio ?
No, because why? I would rather buy the gold separately. Why would I even mix gold? Because you don't understand that I'm creating a new financial product. You said you would buy more bitcoins with the cash flow from your real estate. Why not distribute this cash flow among investors, since they will have to pay taxes on it even if they don't receive it?
If you make income, shareholders have to pay taxes, right? The first five or six years it will be... Oh, because you cover it with depreciation. But that means you... Not only are they buying Bitcoin and getting cash flow, they're also getting depreciation. Do you know many people who receive depreciation deductions when buying Bitcoin?
Well, yes, but they will get it anyway if they just buy real estate. Okay, they could keep them separate. But again you don't understand, I'm creating a hybrid. I'm creating a new product that will revolutionize real estate, the way you see it. will revolutionize real estate? Oh, this... this assumes that bit...
Assumes that bitcoin ...what? It suggests that Bitcoin—what? That he will grow a lot. But I don't think it implies that. Yes, yes, but that...that's not ... that assumes that real estate will continue to do this . Yes, the only thing... And that assumes that Bitcoin will do this . And you assume he won't do anything.
But then again , bro, in 2000 you said gold would be 2500, and how much would it take? This would take 12 years . A product combining real estate and Bitcoin can increase complexity as easily as it can increase profits. Peter Schiff's argument exposes a major weakness. Investors can already benefit from real estate depreciation without adding Bitcoin volatility to the equation.
The proposed hybrid relies on the appreciation of two different assets, while investors take on additional structural and tax risks. Before chasing the projected return, ask whether this combination actually improves risk-adjusted returns. Peter Schiff goes on to reveal why financial innovation can disguise concentrated risk as diversification.
Well, it's...you know, gold has been going sideways for a long time. Bitcoin is going sideways right now... you look older than me. No offense, but... I don't know, I...I don't... I don't dye my hair. OK. But I can...I can be older than you. I'm not sure how old you are, Grant. Peter, every landlord needs money.
A few more years...a few more years with Bitcoin and you're going to start turning gray because you know, especially after these midterm elections where the Republicans are going to be crushed, it's going to be a very hostile environment on Capitol Hill for crypto and Bitcoin. And the main reason Bitcoin had such a big rally is Trump.
What? Everyone knows you have Trump syndrome. No, no, no, I don't have any...These are people who blindly support Trump. Here they are—they are crazy. I am rational. support him. You know, earlier today, I don't know if you saw this, but the University of Michigan released data on consumer confidence, and the current conditions index is the lowest in the history of the survey, which has been conducted since 1951.
So, Americans are more concerned about their finances now than they were during the Korean War, the Vietnam War, uh, you know, multiple recessions, the Great Recession, the financial crisis, the dot-com bust, and, you know, uh, COVID. I mean, after everything that's happened in the last 70 years, people are more worried now.
So, you know, this vision is that you have this economic boom. You've been selling fear your whole life . I sell reality. Dude. You are a pessimist. Well, you, you, you're just selling greed, trying to get people to buy your Bitcoin and real estate hybrid. I, I, I inspire people to create wealth for themselves by creating a new financial product , okay?
And you expect to get 50% of the profit from their bitcoin. I understand. But you know what? Bitcoin will go down, so you won't even get Let's talk about growth Political enthusiasm can push Bitcoin up, but political support is not a permanent investment thesis. According to Peter Schiff, the University of Michigan's consumer confidence index has hit an unprecedented low in the survey's history, highlighting the strain on household finances.
However, even the most extreme pessimism cannot predict Bitcoin's next move, and political predictions can be wrong. Investors should distinguish between sustained demand and sentiment-driven rallies before risking their savings. Next, Peter Schiff will explain why the political wind in Bitcoin's sails may weaken just when investors expect protection.
I would like to know what you both think about what to do in the face of rising interest rates. Let's start with Grant. This directly affects real estate. How would you allocate your real estate portfolio differently for, you know, a 7% mortgage compared to a much lower one a year or two ago? Yes, well, it's a very, very challenging time for those in real estate.
I can tell you right now, that's not what a guy like me wants. I mean, probably $80 million has evaporated from the value of our real estate in the last three to four weeks. Just in a very short period of time because of these rates. We have been very active in buying large institutional-quality assets , and we will continue to do so, because when rates go up, prices go down.
Our entrance is very cheap now, but it's very scary to buy now. It's very It's like your cash flow is tightening, David, as you know. But our cost base
Comments 0