Gold Bug – DIGIT INFO

Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets

DIGIT — Sat, 08 Apr 2023 10:30:03 +0000

Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive allocations” in precious metals. Schiff Cites Study Alleging Chatgpt Favors Gold and Cash as Investments in Recession Rigorous crypto opponent Peter Schiff […]

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Economist Peter Schiff Warns the Fed Could Be Fighting ‘Complete Economic Collapse’

DIGIT — Wed, 01 Mar 2023 01:30:18 +0000

Economist Peter Schiff has predicted that the U.S. Federal Reserve will ultimately throw in the towel on its inflation fight to confront “something it fears even more, which is a complete economic collapse, another financial crisis, or a sovereign debt crisis.” He stressed, “The months of declining inflation are in the review mirror,” emphasizing that […]

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Silver and Gold — Precious Metals Stored Value This Year Outperforming Crypto Assets in 2022

DIGIT — Mon, 26 Dec 2022 19:30:11 +0000

Gold prices are ending the year a hair below the values recorded 12 months ago. Statistics on Dec. 26, 2021, show the U.S. dollar value per ounce of gold was $1,810 per unit, and today gold is $1,797 per ounce. Silver, on the other hand, managed to increase a hair in value since last year, […]

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Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25%

DIGIT — Tue, 20 Dec 2022 15:30:30 +0000

The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprised the world by deciding to allow the benchmark interest rate to rise to 0.5% from 0.25%. The Japanese central bank was one of the only banks worldwide to hold off on raising benchmark interest rates, as policymakers […]

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Gold Bug Peter Schiff Insists This Is ‘Not a Crypto Winter,’ Economist Says It’s More Like ‘Crypto Extinction’

DIGIT — Tue, 15 Nov 2022 15:30:05 +0000

Since bitcoin started falling from its all-time high last year, the economist and gold bug, Peter Schiff, made sure everyone knows that he wholeheartedly believes the leading crypto asset will fall to zero. Now that FTX has collapsed, Schiff has doubled down on his belief and he’s wasted no opportunities to dunk on bitcoin throughout […]

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Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession

DIGIT — Mon, 17 Oct 2022 01:30:42 +0000

Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as stocks, bonds, and real estate crash. In the second outcome, “the world will run away from the dollar,” the economist stressed. Peter […]

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Latest CPI Data Shows Red-Hot Inflation Continues to Thrive in the US, Consumer Prices Jumped 8.2% in September

DIGIT — Thu, 13 Oct 2022 15:22:04 +0000

The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows an 8.2% rise in the year through September, and the core index rating saw the fastest yearly increase since 1982. September’s CPI Data Was Worse […]

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US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’

DIGIT — Tue, 13 Sep 2022 16:00:16 +0000

On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and market analysts believe the U.S. Federal Reserve will continue its aggressive rate hikes going forward. US Consumer Prices Increased at an 8% Annual Pace of […]

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Peter Schiff Warns US Faces a ‘Massive Financial Crisis,’ Economist Expects Much Larger Problems Than 2008 ‘When the Defaults Start’

DIGIT — Mon, 15 Aug 2022 20:00:16 +0000

The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it did back then, and insists America’s […]

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US Inflation Spiked 8.6%, Highest in 40-Years — Economist Says We’re Not ‘Seeing Any Signs That We’re in the Clear’

DIGIT — Sat, 11 Jun 2022 15:30:52 +0000

After April’s consumer price index (CPI) report was published, a number of American economists and bureaucrats said that inflation had peaked and it was possible that inflation would subside. However, statistics from the U.S. Labor Department indicate the CPI increased 8.6% from a year earlier, as the month of May’s inflation data reached another lifetime […]

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