Oh, what a hilariously twisted tale, folks! Veteran crypto cowboy Peter Brandt leaps onto X-that wild west of words formerly known as Twitter-to dissect gold‘s utterly abysmal long-term loser performance. And guess who’s getting the-Old-Testament-style ribbing? None other than that eternally hopeful gloom-and-doom prophesier, Bitcoin bashmaster Peter Schiff! Schiff’s been riding this golden fool’s errand like a donkey at a rodeo, enduring epic waiting periods that would make Job himself yawn. π€ π
This cheeky post, unleashed on Wednesday, October 22 (a date that’ll live in infamy, or at least in Schiff’s nightmares), finds Brandt serving up a sarcastic slam-dunk as gold suddenly face-plants from its giddy record highs. Talk about a plot twist straight out of a bad comedy! ππ
Another waiting period? Oy vey! π°οΈ
Right after Brandt mercilessly mocks this gold-rush gone-wrong crash, he whips out a dusty old chart of gold’s history, proving once and for all that this so-called “precious” metal’s been busier hiding under rocks than rising like a phoenix. Gold’s investors? They’ve been sentenced to life in the investment gulag, with consolidations so deep and long-lasting, even purgatory seems like a vacation. And get this: Averaging a pathetic 3.6% annual return over 45 years? Goldman Sachs called-they want their interest rate back! ππΈ
It’s painfully obvious in gold’s 1980s saga. After that meteoric spike in March 1980, it took a whopping 28 years to even sniff its own highs again. Schiff must’ve been practicing his “I’m not bitter” speeches all that time. ππ
Then, just for kicks, in September 2011, gold hits another egotistical peak, only to tumble like a drunken clown, taking 13 agonizing years to break even. Investors waiting to pocket profits? They aged faster than milk in the Sahara. ππ©
Gold
Average annual ROR = <4%
In Mar 1980 Gold made a high. @PeterSchiff had to then wait 28 years to be bailed out
In Sep 2011 Gold made a high. This time PS needed less than 13 years to pound his chest again
How many years will PS now go into seclusion? Care to guess?
Yet, a⦖ Peter Brandt (@PeterLBrandt) October 22, 2025
And now, drumroll please, gold’s staging a replay that’s more rerun than revival-plummeting into the crimson abyss right after flirting with $4,000. Brandt, the master troll, highlights Schiff’s superheroic endurance, sarcastically pondering how many more years our dear Peter will vanish into his seclusion bunker. Come on, Schiff, pack a lunch-it’s gonna be longer than a nightmare sequel! π€£π¦ΉββοΈ
Commentators are nodding their heads so hard they’re getting vertigo, agreeing that even “safe haven” assets like gold turn into investment black holes, locking folks in decades of despair. Meanwhile, they wink at Bitcoin as the real long-haul champ-sure, it crashes and burns spectacularly, but hey, it doesn’t make you wait a lifetime for a lousy annuity!ππ
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2025-10-22 23:00