Peter Boockvar on gold vs. Bitcoin

Ferris: The narrative right now is that Bitcoin replaces gold. That's why gold has basically sucked wind for most of the last year here.  What do you think of that idea?

Boockvar: I've been hearing obviously the same thing for a while and I think it's complete nonsense that something that's been around for 13 years is going to replace something that's been around for 5,000 years.  When you've been around for 5,000 years, you've been through a lot.  You've been through depressions and droughts and hyperinflation and deflation and world wars and so on and so on.  When you've been around for 13 years, particularly the last 13 years, all you really know is zero rates, negative rates and QE [quantitative easing].  That's pretty much all you know.  Now I do think that there's potentially going to be a place for crypto and that it can complement gold and silver in one's portfolio, but it has to prove itself.  It has to prove itself in an era of inflation that we are currently in.  It has to prove itself when there is global synchronized monetary tightening that is now in place.  It has to prove itself.  And like I said, 5,000 years of existence, you've sort of proved yourself in many different ways.

~ Peter Boockvar, interview with Dan Ferris, Stansberry Investor Hour, 40:45 mark, February 21, 2022

Peter Boockvar on humility and investing

We can't know it all.  Humility, at least in the investing world, should be a key characteristic because any time you get overconfident about any one thing, the market has a way of coming around and slapping you in the face.

~ Peter Boockvar, interview with Dan Ferris, Stansberry Investor Hour, 49:00 mark, February 21, 2022

Peter Boockvar on monetary stimulus

Bernanke, it's coming from someone who put the house on fire and then ran to the fire station and jumped into a truck then put the fire out and then wrote a book saying "I'm a hero."  So it's dangerous that we've been led by people like him down this very dark alley proving that they have no real understanding of capitalism and the regenerative power of economic growth.  And the constant need to put us on opioids to recover has been a tragic mistake.

~ Peter Boockvar, interview with Dan Ferris, Stansberry Investor Hour, 29:00 mark, February 21, 2022

Peter Boockvar on the sharp increase in speculative activity

It’s great that Vegas is open again, but who needs it when you have the stock market instead.  After an incredible run since March, we now have clear froth in parts of the market.  We know this level of speculation has coincided with a sharp increase in the activity of retail investors.

~ Peter Boockvar, chief investment officer for Bleakley Financial Group, "Hundreds of Thousands of Tiny Buyers Swarm to Insolvency Stocks," Bloomberg.com, June 9, 2020