It hasn't. I've heard from folks that other stuff routinely outperform it as well. It's mostly a hedge against inflation, that's why it's price is affected by inflation and people's inflation expectations. For investment, you'd probably invest in like ETFs or mining stocks or whatever.
If you think the government won't be printing more money, or borrowing more money, while they spend nearly 50% more then they take in, every single month, you really should go buy a calculator.
there is no way the current thinking can fix this problem, that thinking created it.
it will take a constitutionalist like Ron Paul to fix this.
Savings accounts are paying .03%, there is no reason to store money in a bank, or any other $ based account paying 2, 3, or 4% while inflation is closing in on 10%
,
gold and silver's real money, if you don't think so, don't buy it.
Gold has been a great investment ever since the US government defaulted on its gold/dollar related debts and stiffed their investors of dollars in the early 1970s.
stocks have historically made 10%... anyone who thinks that's average growth over history hasn't been paying attention since 2000. the destruction of our currency and our well being as a nation has fueled the growth. now we're in cyclical crashes, anyone who thinks stocks are going to pump out 10% over the next 10-20 years needs a reality check.
LOL! Peter Schiff is the man... thanks for the advice you've given us. After i found the "peter schiff was right youtube video" i started to take my advice from him. Bought his book, "crash proof" for myself and one for my father. Since then crash of 2008 I only listen to peter and thank god i did, because i've DOUBLED my money, all i did was buy gold at $800 and let it sit in safe deposit box. This other guy is an IDIOT!! Thanks Peter!
Gold went "down" only because the elites tried to stop the flight to safety by implementing a whopping 27 % increase in margin requirements to trade gold.
9/2/2011 $1884
williamng415 6 months ago
All of these people are ass hats, shills, and traitors...except the awesome class act, Peter Schiff.
chuska8383 6 months ago
"gold has never been a long term investment"...? BAHAHAHAHA This is hilarious!!
WealthAddicts 6 months ago
@WealthAddicts
It hasn't. I've heard from folks that other stuff routinely outperform it as well. It's mostly a hedge against inflation, that's why it's price is affected by inflation and people's inflation expectations. For investment, you'd probably invest in like ETFs or mining stocks or whatever.
stealthswimmer 4 months ago
Yaay!
WealthAddicts 6 months ago
This is absolutely the best advertisement that matson-clown could ever get.
BultyR86 6 months ago
this guy's smile is seriously chilling....like hes got a stapler in his hand ready to attack PS
canteen08 6 months ago
omg i had to replay the video because of how fuckin funny that jokers comment on how gold has never been a good long term investment
thepie8u 6 months ago
A clown VS Peter Schiff
tomashagan 6 months ago
If you think the government won't be printing more money, or borrowing more money, while they spend nearly 50% more then they take in, every single month, you really should go buy a calculator.
there is no way the current thinking can fix this problem, that thinking created it.
it will take a constitutionalist like Ron Paul to fix this.
anything less will be just more of the same.
phantomcharger 6 months ago
what else would you store wealth in?
what else is inflationary proof?... silver?
Savings accounts are paying .03%, there is no reason to store money in a bank, or any other $ based account paying 2, 3, or 4% while inflation is closing in on 10%
,
gold and silver's real money, if you don't think so, don't buy it.
phantomcharger 6 months ago
Comment removed
phantomcharger 6 months ago
how does mr schiff have the patience to even to sit through a show like this..
that other guest is such an idiot it is really hard to bear : /
BadWithNames123 6 months ago 2
Gold has been a great investment ever since the US government defaulted on its gold/dollar related debts and stiffed their investors of dollars in the early 1970s.
Solverwiz 6 months ago
stocks have historically made 10%... anyone who thinks that's average growth over history hasn't been paying attention since 2000. the destruction of our currency and our well being as a nation has fueled the growth. now we're in cyclical crashes, anyone who thinks stocks are going to pump out 10% over the next 10-20 years needs a reality check.
r7n7 6 months ago
Matson spoke the thruth about gold.
loosey5 6 months ago
Peter owned that shitface
ajvhan 6 months ago
buy!
suitabledude 6 months ago
LOL! Peter Schiff is the man... thanks for the advice you've given us. After i found the "peter schiff was right youtube video" i started to take my advice from him. Bought his book, "crash proof" for myself and one for my father. Since then crash of 2008 I only listen to peter and thank god i did, because i've DOUBLED my money, all i did was buy gold at $800 and let it sit in safe deposit box. This other guy is an IDIOT!! Thanks Peter!
EvilOneDR 6 months ago
More bozos for future videos please!
cowboy1165 6 months ago
Matson is a MORON!
CD318 6 months ago
@CD318 yeah what an dumb ass.
cetnik03 6 months ago
This has been flagged as spam show
Once again Schiff beats his opponent to the ground with a flurry of undeniable facts...
TeMpTeK1 6 months ago
gold bad for investment on a long term??
I bought gold with 800 and now I made 1000 an ounce and that is no good?
what is this guy talking about?
crocofantul11 6 months ago
That brunette's really cute =:)
seanvogt221 6 months ago
This has been flagged as spam show
Gold went "down" only because the elites tried to stop the flight to safety by implementing a whopping 27 % increase in margin requirements to trade gold.
.
. Epic Fail
.
.
classic7890 6 months ago
Comment removed
classic7890 6 months ago
What planet is mike from, are any of his lights on?
Tomta20012 6 months ago
Is Matson high or what? This is so ridiculous...
MushroomCloud666 6 months ago
Gold is has gone from $250 to $1800 in ten years and Matson says "it's not a good investment"? He is a bona fide moron.
hummarstra 6 months ago 6
Mark Matson is such a dummy. Its almost hard watching this video.
DontMeanWell 6 months ago 4
Wow they never learn. Every now and then there's a correction and every time there's a correction they're like sell all your gold. It's 1820$ now.
GompCelticPL 6 months ago
There was no huge selloff in gold... gold had a 6 day spike and came back down to even in the next six days.
freezazoid 6 months ago
Thanks for the great POST of SCHIFF (was and continues to be RIGHT)!!!
slhines7 6 months ago
i love it when they let peter talk and make multiple points.
matson got bitch slapped!!!!!!!!!
javierislas91711 6 months ago
The US$ is down 97%+ since being taken off of the gold standard.
Matson is an idiot.
MaliBoothby 6 months ago
4% return because it was pegged to the dollar and didnt rise at all! If it was left to float it would be a different story
TechHost 6 months ago
@TechHost Yep, they should not chart gold's price before Nixon broke away from Bretton Woods.
RobTzu 6 months ago
would love for this clown to explain to jim rogers that gold is for speculators
BroBroDude 6 months ago
3:21 huh.... gold's a bubble? will the bubble ever burst? will we see gold drop to $16 an ounce again? it's been inflating for the looongest time..
DemiTrusdale3 6 months ago
"Nobody could have predicted Tech bust", uh Marc Faber did that!
poetyaright 6 months ago
@poetyaright and Schiff and many many others. Yet, they continue to perpetuate those myths.
hummarstra 6 months ago
They, the pigs, call us consumers.
senses2000 6 months ago
gold is not money....
for the man
that has none ....
chena3 6 months ago
'Mark"you need to go back to school!
666katch 6 months ago
how is that marc guy so retarded? its so obvious hes either lying or retarded
eatmefish808 6 months ago
There is no logic in any thinking that's negative on gold.
LisaJ4Liberty 6 months ago
8/25/11 $1830.00
sintruder 6 months ago 22
Ha! gold is back over $1800 today and it's the best long term investment.
Shaunt1 6 months ago
archived for the future PSWR video
DNATS 6 months ago 42
@DNATS Definitely, that other guest is clueless. Gold is not a good long term investment? I laughed so hard I farted
marsssone21 6 months ago
tahnks for the upload
wtfbroskie 6 months ago