11/24/2009 Peter Schiff On Fast Money: Gold: Bull Market Or BS?

[MarkMillionaireGuru]

Hi PhilDeCarolis

I have just been watching your video and I must admit it really is very good.

I really enjoyed watching it.

Already looking forward to more of the same in the future.

Cheers to your success.

Mark McCulloch

[rawer77]

you dont hear these guys going against peter now haha.

they all know peter is right. now they hesitate to disagree with him haha

change is coming

bigger than we all know

[dimaniak]

Peter Schiff supports fractional reserve banking. He is a Rothshilds' shill

[fox20012]

Not gold SILVER damn it lol

[007007sss1]

There is no shortage of gold in the market. The problem we are facing is called gold hoarding and the price keep risng until the gold saturation point is reached. After that the IMF may decide to flood the market with gold and that would be the end of the gold bubble. You should know when to sell and if you are late you may loose all your money. Gold is a risky business.

[RobbyRichards]

That was a very pleasant host.

Peter Schiff for Senate!

[docatomics]

even date spamming U-tube ehy ? well at least your expanding beyound craiglist to another place were everything is un-real, you spam bot, you .

[docatomics]

...ahhh the gold bubble, this all gets one to the same place- you can't get something from nothing for very long, as is true from all competitive behavior. Better to invest in real survival with your efforts than empower these cheat & gainers with the power of you savings, that they may use it to compete against others rather then actually creating something real & survival oriented .

~or just keep up the cheat & gain, until there is nothing to steal left ?

[buffTstuff5654]

@ imaginator

Shiff didn't answer the questions he was ask'd. All he said was a list of countries he is invested in long term, and that there is a possibility of short market movements from people taking profits....no where in his argument does he answer the question(s): 1) if there is a market that is free of monetary/fiscal concern or 2) a case scenario where gold prices per ounce do not reach $2,000.....traditionally peter does give great analysis with substance. this just wasn't it

[jtravis282]

To your question 1, there is no market without risk, he just thinks Asia and resource rich nations offer the best bet. Question 2. Gold prices fell when everyone ran to the US dollar for safety, he is saying that won't happen this time around. He doesn't think a scenario exists where Gold will go down except for short term profit taking.

That's the way I took his answers.

[imaginator]

Shiff proved the morons wrong again! YAY

[madhuradi]

The blood vessels of the heart of US got blocked and a heart attack last year!

what did they do? they transfused more blood to improve circulation!

wrong treatment guys!they could have done a bypass by supporting,giving same amount of money if needed to good banks

Sorry!you are gonna have another heart attack!

[rollinglibs101]

WOW..No laughing this time..

[madhuradi]

Wait a minute! these guys are &^&* crazy!

low interest ratesnd cheap dollar brought us the Housing bubble right

Then how can low rates and cheap dollar be good if we are doing nothing different.Amazing man!

Zimbabwe rules the financial world now!

Maybe the finance minister of zimbabwe deserved this year's Nobel prize!

who knows he might be in contention for next year's!!!!

[Vunks2000]

SCHIFF FOR PRESIDENT!!!

[GreenrushCapital]

Schiff for Senate!

[spyletu]

did one of them get fired? lol.

[RobertChavis]

What peter schiff said at 3:44 "wealth transfer", proves my point that america will enter the greatest depression and also, what schiff is not telling you is that the wealth transfer is going to Israel, the creators of the federal reserve and the state that controls the U.S. This is defiently desinged.

[LiberalHuntingSeason]

Bingo

[jtravis282]

Have you ever seen a mental health professional?

[RobertChavis]

I believe that question is appropriate for you jtravis282 and also, please read about Israel's history of false flag attacks and their creation of the federal reserve.

[jtravis282]

No, you learn to think critically and be more of a skeptic instead of buying into these looney conspiracy nut theories floating around the internet.

[u2canbfmj]

India put the floor in gold at 1045. Might retrace to that level and if it does or goes lower stat buying. I wished I bought more during the last correction.  Gold right now is wealth insurance. The premiums are going up. Look to silver as well.

[ctfam]

$1,180 today! Woohoo!!! $2,000 by summer! The dollar is done.

[strongbadassman]

i ma short Dick intead..

[K46620]

Awesome, Schiff was right, and is right

Why don't we elect people that got it right to Congress? Schiff is running for CT Senate in 2010, go to schiffforsenate . com we can put some sanity into Congress!

[overlordsshadow]

Good job Schiff, Rick did make a good point though about people being able to make the same mistakes over and over and over again.

[dentistsugardusty]

when mistakes are "life threatening", high "life risk" or people who are barely crawling back from the pain of a previous life calamity, people learn from these kinds of mistakes. although there may be few who respond to "lies of connivers" for lack of knowledge, but overall, I don't see many repeat victims at the former level

[dirtynas]

Peter schiff is great! I have to admit, I like the questions they are asking now>

What scenario, if any, will gold drop in price? Think about that. That's a huge difference from laughing at him and calling him names. Now they are asking for his advice on how to talk gold down...

Major swing imo but I love how Peter takes no BS.

[rikestard]

peter brought up the fed nice work, those other douches were like "fed? u mean the tennis player..."

[Ganbareg]

No correction for a while.

[edsonusa75]

The idiots didn't laugh at Peter this time.

[rockhuddy]

I hope they booted that annoying cunt that usually hosts and replaced her permanently with Santelli.

[Ganbareg]

who you calling a cunt, you cunt, oi dont call me big nose then you cunt ;)

[davincij15]

Peter Schiff is slow money as a guest on a show called Fast money, and the hosts don't understand what he is saying.

As a trade is gold going to correct?

Yes!

When?

I don't know I'm not a day trader.

[gr8mikeY]

Do you think we will have pretty good support at around $1045 which is what India is rumored to have paid for the recent 200 Mton purchase they just made?

[davincij15]

according to the charts of other currencies support is at 1150 USD unless the dollar strengthens, then it's $1000. Sorry that's the way it is according to the charts witch are only 60% accurate.

I would sell you a market put to sell gold at 1000 because it's never going below that on the streets. EVER!

However it has the potential to go to zero. In Zimbabwe it stopped trading and was effectively ZERO since there was no market price.

[InTheSticks1881]

Did we hear 65 soon? Love those little tips.

[Shaunt1]

I think they are starting to see reality like Peter!

[Intervene]

Good video.

[marcosxag]

adami usually gives schiff his props, but seems so scared of gold like its the eighties and nineties again.

[qwitchabotchins]

Rick Santelli isn't as dumb as he may appear. He has a firm understanding on what's going on...that's why he's agreeing with Peter.

[BlueSkies360]

Santelli looks like a fish taken out of the water. Studio job doesn't fit him right. Maybe he should take his jacket off.

[NormanMoran]

Rick ranting on the floor is where he belongs!  He looked out of place as a soft spoken host.

[Seano71]

gold wouldn't get him excited enough, they guy is a bundle of energy

[PressForFreedom]

Zing!

[BlueSkies360]

Fast Money: shut up and let Peter talk!

[brendandylanmaloney]

Now they are all agreeing with peter, can you believe this !

[robert4you]

I know, this is confusing... They almost sound humble in front of him.

[BlueSkies360]

brenda: I can't believe my ears: unbelievable

[Rysauce]

Well the 2 people who probably antagonize peter the most weren't hosting today. Rick and Peter actually have pretty similar views and have always had a good on air relationship and the guy after Rick has always respected Peter a shown him a lot of courtesy on air.

The bald guy never engages peter because he knows better lol

[SamuraiCommando]

The bald guys knows about as much as I do about the markets except I have one advantage over him. I listen to Peter Schiff. haha

[cousinmccain]

The producer must've chewed some asses out after the last show where they just outright disrespected Peter. There's only 2 people that returned on their panel and a new host. Peter shouldn't even do their show and let their weak ass ratings keep going down since they are just as bad as Jim Cramer.

[wayx3]

cnbc will need to keep Peter if they're going to keep their rating up lol

[SamuraiCommando]

Yeah that last episode with Peter was Bullshit. They booted that gal that was ontheir laughing at him the whole time. Those guys are fools. Now they talk like they agree with him. BS to the ears.

[tim9798]

She was on vacation moron

[supersocco]

thank schiff for gold in my portfolio. thank schiff i listen to schiff, and not panic sell.

[chena3]

yep gonna get me

some of them gold covered tungsten bars..

[MengersDisciple]

Dunno why they thumbed you down for speaking the truth there chena3.

The tungsten bar story didn't make it to youtube yet??

[shtosuka]

What? Just because those tungsten bars exist, doesn't mean you will or should get them...

[MengersDisciple]

shtosuka -

Look up Google for the story of the discovery of 400 Oz gold plated tungsten bars being passed off as London Good Delivery bars in Hong Kong recently.

[shtosuka]

MengersDisciple,

Yes thank you, I am aware of that... but you were asking why chena3 was getting thumbed down... my point was, it sounds like chena3 wants those tungsten bars, or feels it is unavoidable to get those. I'm guessing that's why he/she was thumbed down. Many are aware of the tungsten bars, and there are videos regarding it on youtube.

[chena3]

maybe they are short tungsten...

[galikazoid]

thanks for sharing!