Euro Pacific Capital CEO Peter Schiff fired back at Mark Cuban in response to the entrepreneur’s previous comments on gold, saying he does not understand precious metal investing.
Previously, Cuban had called gold investors “dumb as f*ck.”
Cuban says he will buy more Bitcoin if the price drops
During a Club Random Podcast posted on Dec. 26, host Bill Maher touched on the long-running Bitcoin vs. gold debate by weighing in with his preference for the latter.
The billionaire owner of the Dallas Mavericks responded by saying, “I want Bitcoin to go down a lot further so I can buy some more.” Cuban added, “If you have gold, you’re dumb as f*ck.”
The ensuing debate saw Maher react by saying gold “never goes away” and “hedges against everything.” Not to be outmaneuvered, Cuban expressed doubt over the accuracy of the last statement.
The Shark Tank host pointed out the differences between paper and physical gold, saying most gold investors fall into the former category
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