Gold $5000.00 By 2012? Dollar Never Recovers?

[Armengoldragon]

And the point is , HE IS RIGHT!!. People making fun of a man who only tell the truth.

He is right

[kcrone1]

Ah, guess what,,,what do you do with stocks,,,you hold them and trade them just like gold dummy.

[kcrone1]

Give it a break already Schiff,,,,the mother of all pump artists.

[nickisacebeans]

That stupid bitch seems confused .. "But gold doesn't do anything, you just hold it???" I can smack you across the fucking head with it if it makes you feel better, dumb bitch.

[AdamantFlame]

the dollar is NOT doing a comeback, English mother fucker do you speak it?

[treemaker300]

Fox Fucktards

[Xombie007]

NO confusion on my part. I know all too well that the Republicana serve the uber-rich (although I wouldn't call these people "ELITE" just because they're wealthy), and that many Democrats including Obama are also to a degree bought and paid for by major corporations. But if you actually kept up with the politics, Obama and some of the Dems have at least tried to help the middle-class and poor (but not enough IMO), and the economy HAS been improving. Republicans though, are PURE OBSTRUCTIONISTS!

[aerojamoo]

The only reason it seems at though the dollar is retaining value is beacuse it is being valued against the other falling currencies of the dollar index. This situation is snowballing at the moment and it is over for the euro in February, dollar within the year. The 'money' the ECB (fed) is giving to the sovereign banks in europe is given straight back to them in bonds. The ECB is buying the debt it is giving to the European countries> US has europe in it's pocket- just like they planned.

[auntieSpam]

On may 12, 2010 he predicted on CNBC gold to reach $10,000 "real soon"

Cant wait until next year when he predicts gold at $15,000.

[TWSceptic]

These two are no match for Peter, they are so ignorant... love the pig analogy.

[goodcat1982]

FOX News are the ANTI-CHRIST!!

[TheCustomerAdvantage]

love the ticker showing gold at $877.80

[Xmokko]

gold is not going up, the American dollar value is going down....

[imtonasty]

@Xmokko god has gone up 10% in 2011

[Xmokko]

@imtonasty Amen. 

[dayadayadaya123]

low interest rate

[dayadayadaya123]

fucking stupid shit. They ain't gonna stop printing paper money. Fuck...Bernanke has already promised to keep the damn interest rate for another year and a half....that was on the newspaper...fuck.

[FreedomForYouAndMe]

"We'll save the tape." I hope you did.

[anthcybo]

I bet those douchebag hosts aren't laughing now that gold's at 1800 dollars

[9meno]

lol If Pigs Sprout Wings, Can They Fly

[mclaren855]

let us play the tape for idiotic commentators now and ask them why they were throwing BS at Peter and actually play that on TV.

[themartinman307]

Not a single media crony, not a single one can argue anything with Mr. Schiff!! He is too smart for any bull crap spin tactics or catch phrases they throw at him because he knows the undeniable FACTS!

[vanessablackjack]

Get rich easily by trading GOLD.Turn money into gold and gold into money at Gold Trading Academy. Come watch the proof of 90% accuracy in gold trading, google Gold Trading Academy to learn more.

[Xombie007]

@vanessablackjack Yes, and be sure to tell them how these new investors will lose all that money when the price drops from massive sell orders as the economy starts to recover!

[YaHuWaHservant]

@Xombie007 So now that we have bailed out Europe do you still believe the country is on the road to recovery?

[Xombie007]

@YaHuWaHservant Do you watch the news much? The economy here in the U.S. has been improving for the last few months or so. We just need the unemployment figures to go down a little quicker. It's these bastard Republicans who want to try and keep the economy and unempoyment rates from improving rapidly, because they think that if they can do that then they convince the SHEEOPLE to vote for their candidate in the upcoming Presidential election!

[YaHuWaHservant]

@Xombie007 The economy has rallied for three reasons in the last few months. 1) The Eurozone trouble has lead investors to rally in both the USD and Yuan as a safe harbor for their capital. 2) The Seasonal Jobs of the past few months are always fun. 3) The Government kicked over 300,000 people out of the labor force over the past few months to help make the unemployment numbers look better. To simplify we have had a small rally, much less then what is being reported, cont

[YaHuWaHservant]

@Xombie007 cont however it is temporary as the problems still exist. With regards to your disdain for Republicans I find it quite narrow cited. The Republicans are only doing to Obama what they previously did to Bush. Then again it is all a puppet show to serve the elite so I understand your confusion. There is a reason Obama's biggest campaign Contributors are Goldman Sachs, JP Morgan, etc, In the Long run our economy is not improving however,

[TheBigdick888]

You would have more than double your money if you believe Peter and buy Gold in 2008.

[DoveAlexa]

Interesting tidbit: The babylonian people used to trade in a sort of silver standard. So he's right in saying silver's been used for forever.

[selfexplanitory]

Peter Schiff 1 - FOX 0

[bullenchris18]

FALSE CHRIST COMES FIRST

[tayronachan]

These commentators have no shame at all.

[UnitedKorean]

Dollar coming back my ass.

[Xombie007]

@UnitedKorean Check the charts recently? The USD is making a sharp comeback, while it's the Euro now that seemsto be in deep trouble.

[Catastraphecdv]

Take a good look at that news guy, he doesn't want to hear the truth. He's an example of many people in America. "IF" All the time, if if if if the economy gets better....if if if we stop spending so much...if if if we get a new president. Glad Schiff wasn't on O'Reily Factor, he wouldn't have enough time to talk and reach the public.

[001MeTaBoLiC100]

I don't understand if Gold is currently rising why isn't Silver, I thought they were supposed to correlate to each other. Silver is still around $39.00, shouldn't it be around 50-55 right now.

[Truthtolder]

@001MeTaBoLiC100 Isn't silver more exposed to the industry?

[001MeTaBoLiC100]

@Truthtolder Yes exactly Silver is a Precious Metal that is used in the industry. Gold is a Precious Metal that is stored for its value. That is why you keep hearing people say BUY SILVER because it is has been manipulated. The price of Silver right now should be over $50 easily. Look up Silver uses and wikipedia will explain where Silver is used in the industry ie: cell phones, mirrors, laptops etc.

[Truthtolder]

@001MeTaBoLiC100 Yeah i have heard that silver prices are being manipulated by JP Morgan Chase.

they inherited an enormous short position on silver after they bought Bear

Sterns. Since they made an enormous bet that the price of silver will go down, they keep the prices down so they can sell it off. But i think that the large increase in demand on silver will make the prices to go up eventually, and hopefully bankrupt Morgan Chase.

[crumcon]

its $1614,60 right now .. and we're still mid 2011

i expect it will hit above $2000 in 2011

[alankwellsmsmba]

Of course, he was wrong. Gold is NOT money; it's a commodity whose value is measured relative to other things like oil. It's simple algebra, you relate gold and oil together using dollars and the dollars drop out. It's an abstraction of value.

Me, I'll buy Proctor&Gamble; they're not going out of business.

[dennie6666]

@alankwellsmsmba Oh, Paper is only Money ? Gold and Silver of 5000 Yeahrs is Money ,match luck with your papercrap !

[porkclogsthings]

1971 a family probably made 13k and a new car was 2000 dollars.

No one had a credit card and everyone paid cash for everything.

We dropped the Gold standard and dumped our debt then printed greenbacks moved all the mfg somewhere else and where are we now?

Plastic money will be the death of the world as we know it. How much do you pay for your revolving credit? Stock pile can goods now and invest in a good water filter. Oh yeah get a gun.

It is going to get worse before it gets better.

[impaleddead]

he saves em cause he knows he's right, i think the fox business network economics for pundits class teaches em people who believe in a gold standard are nuts.

[cassidy99ful]

its 2011 and gold is 1320.not close to 2000.he is right though that you should own as much gold as you can.gold coin though because everything else can be tracked by the gov't.

[flagshipaudio]

@cassidy99ful

$1500/oz gold 4/20/11

[UponInfinity]

@cassidy99ful His timing is off, but his fundementals are sound. Near 1600 today.

[WilliamHCarney]

If you really want to control the banks and not let them control you. Everyone around the world, at once, STOP paying your credit card bills and mortages. Thanks to the internet. Word will travel fast. Believe me. Then the banks will listen.

[WilliamHCarney]

market would not sustain itself. They all laughed at me. When a real estate agent tied to sale sell me a condo for $225k when it was once oriced at $56k. Give me a fuckin break. She to laughed at me. I haven't owned a credit card since 1996 and never had a mortage. Look who's laughing now. Now I say. If I could igure this out, not in detail like Mr. Schiff. But in COMMON SENSE detail. Why couldn't everybody? It's simple because people RELY on credit tooooo fuckin much. TEAR UP ALL credit cards.

[WilliamHCarney]

I figured the housing market one thing and one thing only. When it's to good to be true, it's not. Our country is dsigned to have 1% to control the wealth. All these people who thought they would keep making money all of a sudden should have been the first clue. Just like when these cheap ass houses all of a sudden went from $120k to $400k plus. Give me a fuckin break. Something was not good which is why I told many people at the Wynn Casino, in 2004 to NOT buy a home because the house..........

[331446757]

bought gold at 250!

[Passerby8822]

Sad for the commentators, they are simply working for the man. One day, and soon they will see the world through very different eyes.

[letnamsiew]

GOLD AND SILVER ARE HARD MONEY ! THE REST IS FIAT PAPER !!!

[HerrLT]

Schiff was right - lol where are these idiot reporters working now in 2011? Gold is nearing $2,000 an ounce and $5,000 seems completely plausable now.

[cassidy99ful]

@HerrLT gold is 1320

[247websolutions]

Those dumb-ass commentators are so stupid they are making fun of Mr. Schiff. What is it going to take to wake these losers up? Obviously logic and common sense won't work!

[numbaonemiss]

like that guy

[Playboysmurf1]

Those newscasters have coffee brains. All they are good for is drinking Starbucks and talking fast shit day after day without giving a minutes thought to what they are actually saying.

[JohnnyHorton]

Boy the tv people are stupid.

[kanjikevin]

One day ppl are gonna look back on this n say "u remember when we ridiculed Schiff? well he was right... damn..:"

[brizzurker1984]

@kanjikevin

They already do.



[letnamsiew]

IN A SEA OF GOP LIES AND GREED ! STAY AFLOAT ! GOLD IS THE BOAT !

[Sincopare]

"If Pigs could sprout wings, could they fly?" LO frickin L

[Imaginasian23]

I wonder if FOX will replay this! LOL, probably not!

[nathuwjohn]

The male newscaster is jealous of Schiff. Bet he's now thinking, damn, should have listened to Schiff-

[Klaatu2Too]

Because of the warnings I was reading from Ron Paul, Peter Schiff and others way back I bought gold at $360/ounce and silver at $4.92/ounce. I can't thank these men enough for saving my savings.

[neednotbe]

GOLD at $5,000 per ounce?????

I can only guess he sells, hmmmm....gold?

Back to the Gold standard.......lol

[letnamsiew]

FED TODAY IS PRINTING MORE MONEY ! GOVERNMENT SHOULD BE TAXING RICH AND CHANGING TRADE POLICIES !

[letnamsiew]

GOLD HAS ALWAYS BEEN THE REAL MONEY

[letnamsiew]

GOLD NOW AT  $1400 AN OUNCE

[nayanmalig]

@letnamsiew not yet?

[letnamsiew]

IF GOP IS ABLE TO OUTSOURCE MORE AMERICAN JOBS ,AMERICAN TAX BASE IS DESTROYED ! GOVERNMENT WILL PRINT MORE MONEY ! THIS WILL CAUSE GOLD TO GO UP !

[TheHacker1101]

Buy Lead and Gold.........

[letnamsiew]

TODAY SEPTEMBER 24 , 2010 GOLD AT $1300 AN OUNCE ! GOP SECOND DEPRESSION IS NOT GOING AWAY !

[letnamsiew]

SEPTEMBER 2010 , GOLD AT $ 1300 AN OUNCE !

[letnamsiew]

GOLD IS REAL MONEY ! THATS IT !!!

[EvenKeelMedia]

Watch: "Investor Watch" for expert advice on gold and commodity investing. You can find Investor Watch on EvenKeelMedia 's channel

[stillrob420]

@PainlessTragedy theres only so much gold pal, you dont just print more up. thats why its valuable.

[edog5005]

Although they claimed to be wise, they became fools -Romans 1:22

[LtuDaniel]

@pingadomulatinha

We'll sell it for food, cars, villas. There will always be ex-change possibility. Gold and silver cannot be defaulted. got the point?

[pingadomulatinha]

right you morons, so tell me, what are you going to do when you have enough gold and silver stored in your vault?

sell it for fiat money? dollars? ameros?

[anthonymellado]

pingadomulatinha: Gold and Silver will buy whatever you need as they are the only things on earth that are real money and have had intrinsic value for 6000 years. If you need food, clothes and yes, even fiat currencies that are still being used at the time you will be able to purchase them with precious metals. This is proven throughout history.

[stillrob420]

@pingadomulatinha gold IS money, moron

[anthonymellado]

PainlessTragedy: you need to do some research. Gold has retained it's value since the beginning of time and has increase in value throughout history. Silver is NOT everywhere as it is an industrial metal that has been consumed faster than mined for the passed 19 years. The dollar will never recover and will ultimately crash as we will never be able to pay back 10 TRILLION dollars in debt!

[Sammy0414]

@anthonymellado If there is a collapse, there will be nothing to Buy with your gold and Silver lol

[anthonymellado]

Sammy0414: Whatever is available to buy certainly won't be purchased with dollars.

No matter what happens in the future it is vital to prepare for it. I prepare first spiritually by my faith in God and His righteous judgments. I also prepare physically and monetarily by judging the times correctly and positioning myself wisely. Getting out of debt is most important and 2nd, getting out of fiat currencies that are printed 24/7 with nothing of intrisic value to support them.

[adam3176]

we are heading that way folks..... get ready

[TheNRA4ever]

I love watching Schiff school these idiots !!!!!! Buy gold, buy silver and make money...then watch the dollar lose value everyday thanks to dipshits like bernake, obama and geitner......

[revehent]

silver looks really good at the moment, buy metals in small forms, not the fools who buy 100 oz bars as you can't make change for those high amounts, rolls of silver coins are best.

[Mediterraneanblue9]

Fox using a pro-reagan reference...yet Schiff stymied that economic ideology

[Mediterraneanblue9]

How am I goint buy gold at $5K/oz? I'm waiting for Schiff to devulge some infom on that.

[sony8877]

peter is a king i'm suprised they let him on national pubic tv shows

[TheNRA4ever]

I love how Schiff schools all of these ignorant commentators on economics....he is on a totally different level than these dumbasses who try to spit out rhetoric. Great job Schiiff.....bought gold at $700 an ounce.....sitting on some nice profits and only think it will go up !!!!! SCHIFF RULES !!! RON PAUL/PETER SCHIFF in 2012 !!!!!!!

[TadRapidly]

If I were Peter I would refuse to be seen in public, let alone tv, with these ignorant goons.

[Daniyoyo]

he must do this , i mean this is how he can get to the goons that is at home that think paper money is acutely value

[TadRapidly]

I understand but they're just SO clueless!

[Daniyoyo]

i think clueless is not even touching the tip of the ice, i think they're almost mentally retarded to think when the dollar crash you put ur money in the stock and when the stock crash u put your money is "paper silver and etf's" i mean what is this PAPER FETISH? backed by fucking nothing, clueless is one thing, it is almost as if they want to do broke

[TadRapidly]

they're just talking heads with no real knowledge of economic fundamentals. They're laughing now, they won't be soon.

[Daniyoyo]

well he is right on one behalf..the dollar is going to shit literly and GOLD and silver always retain their value..and if it does go down it will go down to the breaking point but it will ALWAYS retain its value because u cant PRINT SILVER LOL..its a element on the P-table just like GOLD..if u will..so people if u wana save money the best way is to BUY silver because even if u dont make any extra at least ur money is still worth the same..GOLD is for people with alil more moneybut silver is good

[MissFCroft]

Where can i buy good quality gold, silver and precious metals? (I'm in the UK)

And what types are good?

Thanks

[smasila]

You have to find a dealer. Banks make it hard to invest in metals. They'd rather have you invest in mutual funds, etc. Search online for one near you.

[jellybeansinc]

peter boned that chick shortly after

taught her a lesson about AU standards

[negativecreep51]

every empire falls

[tommycarney]

the government is artificially shoving the price of gold down, it is like a spring, when you push down far enough, it's gonna rocket up, i believe gold will be over $5000 an ounce within the next few years

[joeymackaroni]

NOW for PHYSICAL GOLD just look at the enormous premiums above spot one must pay today and just look at all of the mints around the world unable to keep with supply. Oh and thats not to mention what will happen to its price when the comex market defaults on deliverys, or when the next big bubbles burst ...the Bonds bubble!!! ... The Credit Bubble... and ultimatly the DOLLAR bubble

ALL HAIL OBAMA WIZARD OF THE PRINTING PRESSES

[AM429]

7% premium OH MY GOD

[kba36]

the implosion occurred and golds @ $734 Peter... good call on the real estate market but what happened to gold?

[bobjman]

I believe his predictions are gold are still quite plausible, but impossible to predict exactly when they will be borne out. As real economists (like Schiff) argue ad infinitum (not the CNBC of Fox Business morons), you can predict long term trends but not exactly when they will happen.

[bobjman]

From my knowledge of economics (ECON BS from Uni. of Michigan), we haven't yet seen the full effects of this crisis because we haven't yet seen the inflation from the ballout and corresponding monetary policies changes (fed funds rate changes, etc. Bernanke's stuff) but we WILL and probably sooner rather than later. As the dollar weakens due to this inflation the relative value of gold will almost certainly increase.

[joeymackaroni]

That number which your referring to is the spot price of gold traded by whats known as pink sheets on wall street... its "paper gold" and easily manipulated. For the last decade a lot of the big hedge funds and wall st. guys had leased, for very low interest, large amounts of "paper gold" (or GETF's) then with this borrowed asset they were able to leverage up vast amounts of new assets. It is called the gold carry trade as these hedge funds bust they're forced to sell.

[Sodnal]

That woman 'journalist' hasn't got a brain in her head, I swear. She might learn something if she shut her mouth she might learn something.

[mwell50]

this guy must be very Bad in his math

uf the doller would fall it would hit more likey $10.000 and up! not $5.000

if the doller would fail the banking system would never recover and the goverment would be in control of all banks more likey world wide and the world would be put back 100 years! it would be better for all the leadesr to fix this Now any way poseble

hay but what do i know! i guess will have to wait and see by then it will be to late

and earth fall back into the middle ages

[joneselius]

Folks ask yourself why that £3,000,000 pay check buys you NOTHING, 70 years ago, you probably coudl've bought a town..... Think about that...

[Cinemaguy2007]

this guy is right!

[harshvgaus]

gold? silver? platinum? heck, we can atleast feed benjamin to cow and get beef and milk.

[beneehall]

Fucking Fox Fools keep asking Schiff to be on their program and they keep trying to trash him.

And he keeps on being right, time and time again.

Save the tape, yeah, and she says she's shocked that he'd save his own tapes. That's because you can't trust Fox to do the right thing.

But at least they do get Peter on to their program.

[geewhzz]

lol look @ Schiff's hands when the FOX guy asks him "what if we get the dollar to make a comeback and stop inflation" if inflation stops our system dies.

[xdir]

Asman what an apt name for the jackass.

"if pigs sprout wings, can they fly"

[ATAINC23]

You have people that are probably living paycheck to paycheck making snide remarks to a guy that is worth his weight in gold.  ha ha there you go fox! Unfair and Unbalanced

[hellapilot]

Why does fox have those dumbass people working for them, people can't be that dumb, i guess they are feed what to say by the hi ups. go peter go, i love how you don't see those guys denouncing schiff on anymore. I bet they lost alot of people money.

[fuzzywzhe]

> Why does fox have those dumbass people working

> for them, people can't be that dumb,

They aren't that dumb.

They are propagandists. Their job is to shape public opinion.

[lives2live]

excellent point. Its easy to forget that.