Peter Schiff on Fox Business Gold soon at $5000 or more
Peter Schiff on Fast Money 17 Sept 2009 peterschiff.tk http Ron Paul glenn beck obama CNN FOX CNBC Bloomberg aljazeera gerald celente warren buffett marc faber jim rogers gold silver dollar max keiser lou dobbs bob chapman alex jones david icke economy collapse stock marcket wall street
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November 10th, 2009 at 2:03 am
More precious than gold is wisdom. Prov 16:16
November 10th, 2009 at 2:03 am
I’m pretty sure Schiff would argue that there is a billion Chinese and a billion Indians who are more than happy and capable financially to significantly increase their consumption. Schiff however seems to believe in this Austrian concept that production creates its own demand thus he believes that if you produce there will be consumption automatically this is a view that really isnt correct however.
November 10th, 2009 at 2:03 am
Professor Peter is so far ahead of the other commentators.
November 10th, 2009 at 2:03 am
@FuckinGuitarHero Why????? Peter Schiff, did predict the recession! What’s not credible about him, please give me your analysis
November 10th, 2009 at 2:03 am
Yup..she’s hot but doesn’t have a clue about what she is talking about!
November 10th, 2009 at 2:03 am
In Zimbabwe you can’t do a 1oz gold coin transaction in Zimbabwe dollars becasue there’s not enough “paper” in the country.
5,000 how about gold is $160,000 right now in US dollars.
For every 1 oz of physical that exists 160 oz are on paper (Gold certificates) or fiat gold a promise to deliver.
Real value of gold in a free market:
1oz (1100 market) x 160 fiat gold = $ 116,00 US
No one knows how much fiat silver is out there ?
November 10th, 2009 at 2:03 am
if gold doesn’t hit 5000 in the coming years, then I’ll be extremely disappointed in the Schiffster.
November 10th, 2009 at 2:03 am
It’s great how the hosts always try to cut him short with. mhmm, okay, yea, yea, it’s like the nuggets of wisdom just bounce off their thick heads!
November 10th, 2009 at 2:03 am
I love Schiff and I think he’s probably right, but I get lost on his saying Americans have to stop consuming and start producing. America is the biggest consumer in the world, if we stop consuming and start producing, who are we going to produce for? For us to produce a lot more and stop consuming, someone else has to have the wealth to buy the stuff we make. Isn’t the productive capacity of the world already too high and unneeded?
November 10th, 2009 at 2:03 am
Peter is the last person I’d listen to when it comes to predicting the dollar.
November 10th, 2009 at 2:03 am
the woman is hot!
November 10th, 2009 at 2:03 am
You are comparing apples to oranges my friend. Then there was Paul Volcker who took the extremely unpopular decision to raise interest rates to 20% (yes 20%). It gave way to an extremely painful recession out of which a strong economy emerged. But no pain without gain. Now the rate is close to zero. To keep it there Bernanke has to keep printing. If he raises it tomorrow to 20%. Then yes, what you say will happen. But he does not have the balls for it. Maybe his successor will.
November 10th, 2009 at 2:03 am
What makes you think there will be a short term dollar rally?
November 10th, 2009 at 2:03 am
Don’t disagree with a potential short term rally but the problem is that the only place you will be able to spend it is within the US. Just got back from Europe and no one would accept it. Wonder why the US just transfered their entire gold reserves out of the country last week.
November 10th, 2009 at 2:03 am
Yes. That was sarcasm.
November 10th, 2009 at 2:03 am
That was sarcasm right?
November 10th, 2009 at 2:03 am
This is one of his best interviews EVER! People are starting to jump on the gold wagon and give Schiff some credit. The media does not understand that we already have inflation….which is expanding the money supply!
November 10th, 2009 at 2:03 am
CNBS’s ‘analyst’ didn’t even know GLD was an ETF. Yep - This is THE place to get your investing advice. Pardon me while I position myself for a dollar rally that will have the Indians selling the gold outa their teeth for those precious greenbacks…..
November 10th, 2009 at 2:03 am
Did anybody else notice the bird @ 7:58 (the very end)?
Oh, oh you didn’t? I was under the impression that you had heard…That the bird is the word? BIRD BIRD BIRD!
November 10th, 2009 at 2:03 am
Man, these mainsteam news anchors are such tools. “Peter, explain how the dollar could lose all its value?” LMAO!
And then that chick probably doesn’t even know what hyperinflation means. She expects a strong dollar next year. LMFAO!
November 10th, 2009 at 2:03 am
7:08 best quote ever
November 10th, 2009 at 2:03 am
I can’t believe they are still trying to make Peter give them an exact number on how high gold will go in price. How can they really expect anybody to know that?
November 10th, 2009 at 2:03 am
Point taken.
November 10th, 2009 at 2:03 am
I would agree with you if America still produced and made things that the rest of the world wants and if there were a lot more jobs in the American economy and less debt and government spending. The difference between now and the ’80’s is that there was more production, more jobs, and less debt and government spending than there is now in America.
November 10th, 2009 at 2:03 am
@sunnyjong1 Gold has never been near $2000. It just hit it’s all time high in the past week. Stop spreading false information. Yes gold, like all investments, goes up and down.