ill buy gold after the new revalation, not when it is so high,what goes up must come down,but i no this video is based on 2009 not 2011, and this guy no s what he is talking abought
i would not buy gold, i would buy silver as most of us are not rich,i have a gold ring paid 300.00, whent to sell it at the jewlery shop ,they offerd me 30 bucks
they pay more cash for silver, close to the value of silver .. but never make a profit from it
I know a website that offers a secret code that produces 90% success ratio on gold trading. Go check them out, just google Gold Trading Academy and make as much money as you want.
The smartest thing to do today is to buy a variety of world currency banknotes (paper money) as an investment, as a collection, as an educational too, as a hobby and as an eye-candy, to hang on the wall perhaps. Those kind of things such as banknotes are hotter right now than gold. In fact I do own a collection of 237 worldwide currency banknotes and some of them went really high up in value in just short 8 years.
The British "Crown" (The LONDON CITY STATE) will confiscate your gold under the guise of the "Federal Reserve Bank" as they did in 1933. You will get about 10% (or less) than value. If you do NOT give your gold to the NWO they will arrest you. In the past the penalties were deemed harsh for "hording gold". TEN YEARS! This time around it will be FAR worse! If you don't give up your gold purchases you will be labeled a "terrorist". The NWO can't allow people owning REAL value all Willy Nelson!
This is ridiculous... most renowned economists including Warren Buffet disagree.
Pulling your money out of business and corporations that actually produce goods and innovation and putting your money into a useless metal that gets locked up and is not utilized is IDIOTIC and lacks MARKET RESPONSIBILITY. Sure you can snatch up a quick dollar but if everyone did it our economy would not be producing anything tangible.. just digging a metal out of the ground to lock it up in vaults.. irresponsible
@sesamestreetgang The only thing ridiculous here is the fact that you don't even noticed how well gold did since he uploaded this. And the only thing irresponsible here is the fact that the government keeps adding debt to keep a phony economy alive.
@TWSceptic You entirely missed the point. Investing in a useless metal hinders market growth, it creates market bubbles and actually hinders other areas of development because that money could be used for something with actual utility.
I don't care how much gold is going for... it's a virtually useless metal when used in this since and the act of hyper-inflating the value of gold is an idiotic and primitive practice.
Not that I expect you to comprehend anything I'm saying, my homely friend.
First of all metals are NOT useless. Silver and gold are used in production and gold is money and will always be money. That's just because it has all the essential characteristics for money. So not useless, but essential for storing value.
Secondly it doesn't create bubbles at all, the government creates them. By distorting the free market (artificial low interest rates, printing money, buying into the market without having any assets).
I don't care that you don't care about gold, because I couldn't care less how much money you will lose. The way you are thinking now means you will probably end up completely broke or worse. Which is probably what you deserve with your attitude.
You think everything that still exists must be primitive. GOLD is still valuable BECAUSE it WORKS to store value. Too bad you are too blind to even grasp that
Words out of my mouth... "sesamestreetgang" (what a fucking retard)
@sesamestreetgang The only thing ridiculous here is the fact that you didn't even notice how well gold did since he uploaded this. And the only thing irresponsible here is the fact that the government keeps adding debt to keep a phony economy alive.
I agree - owning Gold is about the only form of real security TODAY - KB VISION are booming right now with Global Expansion and by helping people to open FREE Online Accounts as a Customer. They also have an amazing FREE Affiliate Programme that pays huge bonuses -
pakistan daily news was the only media that mentioned in 2009 america paid china with 600 billion dollars gold bars that WERE FAKE!. china investigated the source of this crime and they found out the whole american european market is flooded with FAKE GOLD AND SILVER BARS!!! and i used to worry for gold bubbles. SEARCH "US pays CHINA counterfeit GOLD bars"
I can't understand why some of you are saying to sell your gold now. Yes, precious metals are typically a horrible investment if you're looking to actually turn a profit from buying and selling them. As some of you have said, it's value is based on speculation, which is 90% true. But, in addition to having a big cache of food stored away in case of a collapse, gold and silver will be needed in order to be able to purchase certain goods. They're insurance to me, not investments.
@TaoOfOkada But you have to realize some people will not sell their food for gold. If you have a family that is starving, metal will be the least of your worries for that time. If I had to choose between food vs gold I'm choosing food. Not so much concerned about weather because iit'd make sense to migrate to the south when it's typically warm all year round. As for clothes pack them up. Clothes will last for a while. Get walking shoes they can last for a good 10 years. I've had mine for 5 years
@BlauwLove I hear you loud and clear. Food is most important. But there will still be those who will trade certain goods for metals. I see it as don't put all your eggs in one basket. Just like in a sound and stable economy where it's best to spread your money out into various types of investments instead of just one, keeping precious metals along with food, clothes, etc. makes sense. Eventually the food will run out and you'll need something to barter with, be it clothes, ammo, or metals.
look at demand for gold. gold jewellery sales are down by 70%. the bulk of the world's gold is sitting in safety deposit boxes. its imaginary value, based purely on speculation, has become more volatile than a monetary currency in hyperinflation freefall. so gold is just another currency. IF (big if) there's a collapse, and i have consumable goods or useful services to offer, i'll not be trading them for gold. i say buy cocoa powder.
@apagoogoo No, you're wrong! The next big thing is cheese...Buy up Camembert, Cheddar, Roquefort and Swiss NOW! Cheeze Wizz has a great asset liquidity for those on the run. No, really. Colonel Robert Neville blogspot com.
People used to say buy property, property never looses value. Then everyone starts buying property. Commercials appear saying that you too can own a home. People buy as a pure investment, and it turns into a bubble.
People say buy gold, gold never looses value. Then everyone starts buying gold. Commercials appear saying that you too can buy gold. People buy as a pure investment....
@solbrigm Exactly, it mostly just allows the wealthy to maintain their wealth since whenever there is a collapse, the obscenely rich can pick up everything for cheap.
If your really wealthy buy metals. If your average like most limit the metals and think sustainabality. Food grows for free if you just use your head. Buy seeds and books and if you have enough extra buy a biospharm and stop the worry. Safe, sustainable, off the grid, affordable retreats for when the SHTF. Look up Boispharms
(cont) my point is, what REAL value are you giving up today by buying gold at $1,400/oz in hopes that you can use maybe 5 ounces later on as currency; as opposed to spending half that amount on bullets, knives, lighters, sleeping bags, fishing poles, canned foods and other REAL goods?
You're buying gold based on a dollar denominated value in hopes you can get those necessities later with it; whereas buying those goods now--while their still cheap--is a much wiser decision. Think in REAL terms.
Stop buying gold! You are buying it assuming the dollar will collapse--which is likely. But you are still buying it for its "dollar denominated" value right? What are you actually gonna do with it if the dollar becomes literally worthless? Are you gonna pull up to the gas station and shear off a piece of your gold ring, weigh it, and maybe get a tank of gas? You won't have enough gold for that by simply buying a few ounces.
In that case, what's more valuable, gold or a sleeping bag?…(cont)
(cont) my point is, what REAL value are you giving up today by buying gold at $1,400/oz in hopes that you can use maybe 5 ounces later on as currency; as opposed to spending half that amount on bullets, knives, lighters, sleeping bags, fishing poles, canned foods and other REAL goods?
You're buying gold based on a dollar denominated value in hopes you can get those necessities later with it; whereas buying those goods now--while their still cheap--is a much wiser decision. Think in REAL terms.
Tax requirements, next year sales over $600.0 will get recorded. Gold at its price will force tax records. Silver can be sold off in small amounts avoiding tax form next year. Convert from gold to silver is the question?
I am considering paper money is HISTORY. I see veryt tuff times "soon" food water shelter etc. I think this will for a time, and when things settle, you can purchase "credit" electronicaly using gold. I wouldnt expect much for it.
I dont see any good coming from any of this, as long as the systems of government, wealth, and religion remain.
All three systems are destructive to mankind as a whole, and have been for many thousands of years. And the public still cheer for candidates?
When the dollar crashes as designed, a new currency will be offered; in desperation the public will blindly-gratefully accept this scam. And the price of GOLD will go thru the basement, and the bankers are waiting to purchase it from you for Pennies on the dollars you spent buying GOLD at 1500.00 an OZ.
@IlluminMindWorksWell i think you got it wrong the people already fell for the scam (the dollar) and gold was dirt cheap 10 or more years ago ,so now that they have all the gold they are devaluing the dollar so they can bring in the new gold backed global currency . and whoever has all the gold will control the entire world currency ! just my opinion. so you can see their plan is unfolding now.,.
@DirectCore In all the years of checking out youtube, you take the cake for the biggest WANKER of all time. A pleb like yourself could tell you were from the USA with that tosser mentality. It is your psychotic attitude that has your country in a complete mess. I bet your daddy paid your way into college you SHIT for brains. You need to stop watching so much porn and leave your wanger alone tinycock!
@DirectCore In all the years of checking out youtube, you take the cake for the biggest WANKER of all time. A pleb like yourself could tell you were from the USA with that tosser mentality. It is your psychotic attitude that has your country in a complete mess. I bet your daddy paid your way into college you SHIT for brains. How could a braindead wank like you get in on his own merit. You need to stop watching so much porn and leave your minute wanger alone tinycock!
@DirectCore In all the years of checking out youtube, you take the cake for the biggest WANKER of all time. A pleb like yourself could tell you were from the USA with that tosser mentality. It is your psychotic attitude that has your country in a complete mess. I bet your daddy paid your way into college you SHIT for brains. How could a braindead wank like you get in on his own merit. You need to stop watching so much porn and leave your minute wanger alone tinycock!
@DirectCore In all the years of checking out youtube, you take the cake for the biggest WANKER of all time. A pleb like yourself could tell you were from the USA with that tosser mentality. It is your psychotic attitude that has your country in a complete mess. I bet your daddy paid your way into college you SHIT for brains. How could a braindead wank like you get in on his own merit. You need to stop watching so much porn and leave your minute wanger alone tiny cock!
@DirectCore Actually mate, take that minute tic tac of a cock of yours in a pincer grip and go for a ride on a tricycle. There, that's what it feels like to orgasm. And while you're there stick that greedy terrorist's sponsoring Fed Reserve (private) bank of yours and your pet gerbils and anal beads up your arse while that 25 cent crack whore gigolo is pumping it you pillow biting fuckwit!!!
@DillonDee1 Oh you with your facts and figures, don't you know that real economics is a matter of faith, of believing in men like this guy, who say things so CONFIDENTLY- never mind if real world events never come to pass as they say...
@DillonDee1 lol he never said by the end of 2009, show me one interview where he said that. I think he said something like: in 5 or 10 years gold will be at 5000$. but im not sure what timeframe he gave so stop making stuff up.
@DillonDee1: I saw the video and that is not what he said. He said over a $1000 in 09' and $2000 in 10' assuming the dollar was in a free fall. Gold is well over $1000 but not anyway near $2000 but then again the dollar has not fallen in a free fall yet. Schiff is not a economic messiah. Who is? He simply makes sense and most people appreciate that.
@DillonDee1:OK, He was right for 08' but off on 09" although gold went up but not to the degree he expected. His premise is solid. Increased fiat money will cause commodities like gold to go up. He thought the Fed would raise % rates quickly but they have initiated QE instead. This will only cause a slower progression w/violent results. Picking high & lows is always a guess & should be perceived as such. If you think his view is off. You should avoid his advice and stay away from commodities.
@laptoprepairs There is a scenario where my dick is pumping a hot load of cum up your mother's tight ass, in which you videotaped the actual cum-fart soon afterwards.
@laptoprepairs Just because it's got six millennia of track record doesn't mean it will not prove itself this time. Fiat currency is there to support the growing economy because a gold standard leads to deflation. You don't have a fucking degree in economy, shut up when talking about issues your GED brain doesn't comprehend. Besides, you can barely afford to pay the rent, now you're thinking about gold? Wow! Another middle-class nigger who took the inflation article on Wikipedia too seriously.
@hellowsaw Fuck!!!!!!!! I said the Schiff guy is a fucking idiot who doesn't get paid much for doing a shit job! Who gives a shit what the guy says? He's not the chairman of the Federal Reserve! So he can't fuckin do anything to affect the economy. All talk and no action. And besides everything is fucking cheap in the USA!!! An iPod Touch costs $229! That's why my dad bought it in the USA while travelling. It's fucking cheap! Even street begging niggers can afford it. It's R3000 here in SA.
@hellowsaw Fuck you middle-class nigger. Go back to flipping burgers at McDonald's; you can take my order, faggot, and yes I'd like fries with that please. I ride my dad's 09 Ducati 1098, which costed more than your house. Check my videos, bitch, you might learn something about the lives of the wealthy elite who are far more financially successful than you. Fuck off black poverty nigger.
Do not forget about SILVER! The price of gold will be too high to be useful as money. A 1/10 gold coin is about as big as a dime. If gold was at $5,000/oz, a 1/10 coin will be worth $500. What if you are making a purchase and the seller does not have change?
@iannetta11 Be prepared for the next American economic meltdown. Store food and supplies. Buy now while you can afford it. Buy gold and silver. Make sure all your gun are clean and ready to go. Store ammo and gun oil. Store seeds and the means to grow crops. Set up a network of friends to share supplies and safe houses if needed. Scout out areas outside of your urban area for a place to go if riots break out in your city. Be prepared and pray for a change in nov. If there is no change in nov.
@iannetta11 This Schiff guy is a fucking idiot who doesn't get paid a high salary. Fuck you and get a job. Economists earn the least amount of money in society. I depend on US dollars because my parents own property in the USA, and we get rent from it. That's why I use the US dollar and exchange it and get a fuck-load of SA Rands to buy me expensive shit. Fuck you and your poverty-stricken neighbourhood.
@dmkwils That's why I fucking hate middle-class niggers living on minimum wages, and I hope they fucking starve to death when hyperinflation strikes America, so that they can face the same fate their ancestors faced while working as slave-niggers in Africa.
Everything is cheap in America. The new iPod costs $229, that's why I bought one in US dollars and had it shipped to me from New York. Fuck you middle-class cunt. If you earned $1 per hour sweeping the floor, worked 10 hours per day, that translates to $300 in a 30-day month, wich means you can also buy an iPod. You fucking cock, be grateful that the US dollar is strong. That's why I'm rich, my dad got me an iPod Touch from New York. Bitch...
@iannetta11 You want gold? Go fucking work for it. Trim the hairs on my ass first, then I might send you a quarter-ounce. Otherwise, you will not get a single cent out of the rich man. I study Civil Engineering at CPUT and I ride my dad's Ducati 1098, plus I get pocket money. I fucking hate niggers like you who complain about the economy, yet you're the middle-class cunt who sits at home playing Playstation with no job, no university degree, and no mentality. Eat a horse's shit.
@iannetta11 SUCK A FUCKING COCK AND LAP UP THE CUMSHOT! BITCH! You will not be able to buy anything with your silver because they will charge you all your silver for a loaf of bread! Either that, or the government will impose heavy taxes on your prostituted ass. So your plan has backfired. Cocksucker!
@hellowsaw Suck a fucking dick. You can't afford gold. And even if you buy 50 000 ounces of gold, the price of bread will be 60 000 ounces. Capitalism won't fail. Never. Cocksucker.
@DirectCore lol? why get so worked up? As if i killed your mum or rape your GF? Man... u should lay yourself in a mental hospital and probably the doctor had a medicine for you. Troll.
@hellowsaw Lol. Dude, the point I'm trying to make is that your gold/silver would be worthless. Let's say I was the only shop in your city. If I knew you had 50 000 ounces of gold, I would charge you half (if not all) just for a loaf of bread. See? It's called "sweet capitalism" my dear. It's the reason you're paying more for the price of bread at your local shop, because the actual price is lower - you pay the markup price so that the shop can make a profit! Economically-deprived little boy!
@Dr3adL0ck3d You are one fucked-up PC-addicted nerd who never saw daylight today. Get out of your parents' basement, and get a fucking job, asinine milf.
I would recommend, instead, that you invest in seeds and fertilizers. The imminent, inevitable global economic collapse implies much more than a depression followed by financial rebirth. We are facing extinction! We are the last generation of humans on Earth!
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youtube com/watch?v=rlQrYCacrKo
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The only people who have a chance to survive are those that prepared to do subsistence farming after everyone is gone. They will merely live out what remains of their lives.
@bgaede The problem lies in the middle-class niggers who earn them minimum wages after flipping burgers at McDonald's. Fuck off. Everything is cheap in the USA. The new iPod costs $229. A street beggar makes about $400 per week. Which means he can afford an iPod on one week's salary. That's the reason my dad should've bought the whole shelf of iPods while he was travelling in US, because they're so cheap. Even the latest BMW S1000RR bike costs $20 000. Fuckin ridiculously cheap in America!
saw this quote on another website: "Gold is a concrete store of value with six millennia of proven track record as a monetary commodity behind it. The dollar, in its current configuration, has only been in existence for 39 years and is a fiat currency in a world where every fiat currency except for those currently in use has failed. Every single one".
@SgtSnausages And then how re you going to produce food? By eating your pubic hairs and recycling your urine? Fuck off. You can't survive without the local retailer and shopping malls. Be happy that you got green papers to buy proper mass-produced food. Fucking idiot.
This comment has received too many negative votesshow
Gold will crash soon. It's a purely speculative bubble. Actually commodities are in a bubble and gold is just the flashiest of those commodities.
Commodities will be the last bubble to burst before the DEFLATIONARY depression fully sets in... It's already set in for the real economy. $700k homes are now going for $400k and this moron is worried about inflation? What a joke.
Wow, you sir are the joke. What you have to respect about Schiff are the fundamentals to which he comments. Using housing as an argument of inflation is wrong because one could argue that home prices before the bubble burst were hyperinflationary themselves. In fact they are still too high. The price of gold does not change. So to say that the price will crash is to assume the dollar will rise - aint gonna happen with a 100 trillion national debt. We cant expand out of this recession.
@jjeeve5 Then why DOES the USD rise anytime the global markets selloff?
Maybe because we're the tallest pygmy on the doomed raft and everyone still thinks of American debt as the safest debt to buy when the world is about to collapse.
The Schiffers have been beating their heads against this wall for years.
@Einstiensblackid You are right. Everyone still thinks we are the safe play. And this is a trend that cannot continue forever. When the rest of the world feels like it, they can walk away from the dollar. We can not. I'd rather ride out the temporary rises in the dollar now than be holding it well into the future. The Schiffers invest for the long term. I don't look to time trends, and neither does Schiff. He doesn't try to hide that fact.The Schiff bashers should just accept it already.
@jjeeve5 It's fucking ridiculous, this Schiff idiot, it's because he doesn't get paid enough money, now he uses his energy to talk bullshit about economics, only because he never got paid enough, now he's taking out his frustration over the Federal Reserve Bank. Economists... Sigh, I fucking hate 'em...
@DirectCore@DirectCore In all the years of checking out youtube, you take the cake for the biggest WANKER of all time. A pleb like yourself could tell you were from the USA with that tosser mentality. It is your psychotic attitude that has your country in a complete mess. I bet your daddy paid your way into college you SHIT for brains. How could a braindead wank like you get in on his own merit. You need to stop watching so much porn and leave your minute wanger alone tiny cock!
@yushaos Lmfao. Yeah I know, he's fucking retarded. Leave him. Let him suffer on minimum wages. He'll fucking starve to death, and then all our worries will be over.
Don't you think that as the dollar declines, countries like India and China will pull out and put their money in gold? (Or some commodity) Then Hyperinflation and dollar collapse?
Why do you think Schiff is a moron or a con artist? Have you seen his predictions in 2006 of the "Major Recession coming soon" while everyone called him crazy?
Yes The next bubble will be a commodity bubble, but I don't see it "Crashing soon"
@TempusChris Lots of people predicted the recession. Schiff, to me, is a moron because he fails to notice that the dollar goes up when the market goes down.
When every country is spending record amounts and facing massive budgetary shortcomings, our position in the back doesn't change. In the "we're all screwed" situation the world apparently wants our bonds above any other country's. To buy the bonds they first need to convert their currency to the US dollar.
You need to study history, economics and money. 1) Gold is the most stable investment and an excellent insurance. history proves this. Fiat money is volatile along with the share market, which is also speculative. 2) Printing money and borrowing from the fed etc (money creation) is inflationary in the long term. You should observe the real inflation figures and price of gold when inflation is considered. Get educated.
@dougat Short banks, tech, retail, housing, & commodities for the second half of 2010. Gold will be the last commodity to crash but it will crash. Go long the dollar NOW!!
Right now may not be the ultimate spot to short the rest of the market as the s&p may be making a double top at 1219 but I think it would be foolish to ignore the possibility that the 2010 crash is already underway here in mid August 2010.
search george green , he has some interesting thoughts about gold and the economy, moreover for those willing to invest i suggest its a good thing to do BUT with all this people knowing about it in the end most of them will loose everything because all will think that they will gane something, invest-dont be greedy-when its the right time take your profit and leave and good luck
Buy gold now before the U.S. Congress passes the "ObamaCare" Bill. Soon thereafter the stock market will crash as capitalism in the U.S.A. is crushed by debt. Meanwhile Congress continues to print more and more U.S. dollars driving the value down. Gold may also go down in value but unlike the USD, it will never be worthless. Good health Comrades!
So you know the value that gold will be in 5, 10 or 20 years from now? You will be very rich to have such information. Even if gold loses some value now, I'd rather be left holding a bag of gold in 20 years than a bag of worthless U.S. dollars. HA!
ya i'm into silver now too, much more affordable and I can buy something tangble. When to sell? When everyone on your street starts buying it! Think tech crash 2000
Peter wouldn't be a millionaire if he was unable to give sound financial advice - if his advice was designed to "sucker" people out of their money, they would stop doing business with Euro Pacific Capital... but they don't because the advice is well founded and playing out comprehensively in the financial markets....
Wait, are you telling me free market feed back systems work? That if someone doesnt deliver on their promises they lose money and cant be rich? No way!
I have been reading a lot of posts on here making reference to the fact that gold is so expensive now, that even the middle class can not afford to get in. I consider myself a middle class American and have taken the alternate route and invested in silver. SIlver is a little over $17 per ounce and over the last few months as gold has gone up, silver on a percentage basis has gone up even higher!! Silver has been called the "poor man's gold"...Now it's the "poor and middle class man's gold."
Anyone can get their hands on a piece of gold in some way shape or form. There's no way the middle class in general is that broke. Why is it people don't think they can get even 1/10 oz of gold? wtf. No wonder so many are broke, they're just too dumb to be anything else but.
Sunday PM futures, oil up, gold,silver up and USD down. Looks as if we've got our USD roll-over after a dead-cat bounce last week. Let's hope the mo-mo continues into tomorrow.
Gold is at an all time high... it would be silly to buy in now. Once the recession is over, you'll have a bunch of worthless yellow rocks in your hands!
Umm.. isn't a deflationary period a recession? A period when people have little faith in there government and fear drives up gold prices. I don't know about you but every gold stock that I've come across has at least doubled in the past year or so. Maybe everyone is really scared this time... and from they way things are going, they should be.
Anyone wonders why Buffet invest 44 billion in Burlington? this is the LARGEST buy yet for Buffett's Berkshire Hathaway. What could be so profitable about the railway system that this man would put an "all in" bet on it, unless it is about to get used more than ever?
An entire railway company by a KNOWN Elite definately raises some eyebrows.
Maybe we should look into FEMA and railroads, and find some of the answers...
Peter, you are a super guy and right on everything except GOLD. You of all people should know that gold will not go up during a deflationary period. I am surprised you missed that. Despite huge amount of cash from government spending on Wall Street our monetary base is shrinking, hence deflation. US is also a net debtor not a creditor, soon our creditors will come knocking and and US will have up rates, spend less, tax more. Gold may spike due to fear factor but no $2000 gold, mark me on that.
Actually, somewhat counter-intuitively, gold frequently increases during deflationary periods that accompany recessions/depressions. See the Great Depression.
I agree with your comments, gold can have its run in both deflationary and inflationary times, but it is just as likely to fall to $600 as it is to raise above $1500. My point, Gold is great for speculators but I would not store value in it. We put 50% of my company's cash into Gold a year ago, it was a good move in uncertain times but now we are down to 20%. IOU dollars out-number real dollars 10 to 1. Dollar is crap, I agree, but it will get short squeezed in 2010 and that will hurt gold.
Schiff says that Buffet wanted to spend his cash on something tangible, and that with inflation it will be cheaper to move goods by rail across the country. Well once the train gets to where its going they still have to off load it onto Trucks, I drive intermodal Trucks, and my co. has a contract with Union Pacific, and all that freight is moved by truck to its destination. it may be cheaper to go cross country with it rail but a trucker still brings it to the store/plant/factory.
It looks like it's time to light this fire up. The US just slapped import duties on Chinese goods.
This quote is just dripping with irony.. "China's government and exporters are being told we are fed up with their cheating on our fair trade laws and penalties for these transgressions are long overdue,"
Now, take the word " China" out and put in "US Gov", then take out "we" and put in "US taxpayers" and see how it reads....lmao. Quite fitting. What the hell does the US Gov know about "fair"?
Most people cannot buy gold nowadays, but there is another commodity that everyone can buy & will pay just as big profits. Buy canned food!!
With inflation going up & anticipated to his us nxt yr. buy canned food now (exp. dates 2011 &2012) & you'll profit 25-40% by 2012 & not have to pay taxes on it.
Peter Schiff looked down from on high and smiled his crooked grin. He had slain all the old Gods and entrenched himself at the gates of Mount Olympus. There he spun his web, waiting for the children of men to come to him in their follies of courage and curiosity, to slake his eternal thirst for blood.
lol tylee, that's funny. And I gave up my spot in the lifeboat for an axe murderer too. In fact, as soon as I got in the lifeboat, the ship I jumped from began to sink even faster so clearly it was because I got in the lifeboat!..lol :-)
typical of schiffster to criticize real economic wealth creation of railroads bought by Buffet. gold is just an investment hedge, not a wealth production entity like railroads. the railraods is about the north american union, but Peter won't tell you that.
how does a regular joe on the street buy gold? what is the best way to go about it? what sort of fees are involved in converting dollars to gold, and vice versa?
You have obviously not listened to a word Peter and many others have had to say. What is Peter trying to sell to you? Nothing, unless you choose to invest via his consultants. Do your research before making these kind of uneducated comments. Course some say ingonorance is bliss.
This is why India just bought 200mt of gold. They are getting out of the US $.Gold is used to preserve ur wealth.U still need food,water,etc. If Peter was the blacksheep and the only 1 saying to buy then it wuld be a bit odd but when u have our govt openly saying that our $ will be worthless then what more do u need. 2 many of u hav way 2 much faith in our govt and that they are out to protect u. It is being run like a business and has been for a long time. Wake up before ur money is worthless.
WOW , i listened to peter schiff and i made lots of money. i wonder who the hell YOU really are. some fool from the obama administrations new department of trying to discredit people trying to get the truth out ?? thats what id put a few dollars on rather peter schiff being a fool
Cyper I have to laugh! What makes you think that if our $ does collapse that gold will be worthless? So, we are the only country that relies on gold? What about China,Russia, Germany who has gold vending machines. When has gold ever been worthless? Peter is not trying to get you to buy anything. He is telling you the same thing that many others are saying about buying physical gold and that is that hyper inflation is coming and that our dollar is going to collapse.
ill buy gold after the new revalation, not when it is so high,what goes up must come down,but i no this video is based on 2009 not 2011, and this guy no s what he is talking abought
joe18370 2 months ago
i would not buy gold, i would buy silver as most of us are not rich,i have a gold ring paid 300.00, whent to sell it at the jewlery shop ,they offerd me 30 bucks
they pay more cash for silver, close to the value of silver .. but never make a profit from it
joe18370 2 months ago
@joe18370
When he says buy gold, he doesn't mean jewelry. We're talking actual bullion.
SeppLainer 2 months ago
Hi Peter, The central bank in India is called the Reserve Bank of India. The Bank of India is a commercial retail bank.
rohitjnair 4 months ago
I know a website that offers a secret code that produces 90% success ratio on gold trading. Go check them out, just google Gold Trading Academy and make as much money as you want.
MrBanker2222 4 months ago
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The smartest thing to do today is to buy a variety of world currency banknotes (paper money) as an investment, as a collection, as an educational too, as a hobby and as an eye-candy, to hang on the wall perhaps. Those kind of things such as banknotes are hotter right now than gold. In fact I do own a collection of 237 worldwide currency banknotes and some of them went really high up in value in just short 8 years.
khayelitshaissafe 5 months ago
The British "Crown" (The LONDON CITY STATE) will confiscate your gold under the guise of the "Federal Reserve Bank" as they did in 1933. You will get about 10% (or less) than value. If you do NOT give your gold to the NWO they will arrest you. In the past the penalties were deemed harsh for "hording gold". TEN YEARS! This time around it will be FAR worse! If you don't give up your gold purchases you will be labeled a "terrorist". The NWO can't allow people owning REAL value all Willy Nelson!
t4705mb6 6 months ago
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theleemeister 6 months ago
This is ridiculous... most renowned economists including Warren Buffet disagree.
Pulling your money out of business and corporations that actually produce goods and innovation and putting your money into a useless metal that gets locked up and is not utilized is IDIOTIC and lacks MARKET RESPONSIBILITY. Sure you can snatch up a quick dollar but if everyone did it our economy would not be producing anything tangible.. just digging a metal out of the ground to lock it up in vaults.. irresponsible
sesamestreetgang 6 months ago
@sesamestreetgang market responsibility fuck off! what about politicl rosposibilty more like it. make corrupt govenrments accountble
otti7021 6 months ago
@sesamestreetgang The only thing ridiculous here is the fact that you don't even noticed how well gold did since he uploaded this. And the only thing irresponsible here is the fact that the government keeps adding debt to keep a phony economy alive.
TWSceptic 2 months ago
@TWSceptic You entirely missed the point. Investing in a useless metal hinders market growth, it creates market bubbles and actually hinders other areas of development because that money could be used for something with actual utility.
I don't care how much gold is going for... it's a virtually useless metal when used in this since and the act of hyper-inflating the value of gold is an idiotic and primitive practice.
Not that I expect you to comprehend anything I'm saying, my homely friend.
sesamestreetgang 2 months ago
@sesamestreetgang Wrong on everything you said.
First of all metals are NOT useless. Silver and gold are used in production and gold is money and will always be money. That's just because it has all the essential characteristics for money. So not useless, but essential for storing value.
Secondly it doesn't create bubbles at all, the government creates them. By distorting the free market (artificial low interest rates, printing money, buying into the market without having any assets).
Part 1
TWSceptic 2 months ago
@sesamestreetgang Part 2
I don't care that you don't care about gold, because I couldn't care less how much money you will lose. The way you are thinking now means you will probably end up completely broke or worse. Which is probably what you deserve with your attitude.
You think everything that still exists must be primitive. GOLD is still valuable BECAUSE it WORKS to store value. Too bad you are too blind to even grasp that
Words out of my mouth... "sesamestreetgang" (what a fucking retard)
TWSceptic 2 months ago
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TWSceptic 2 months ago
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@sesamestreetgang The only thing ridiculous here is the fact that you didn't even notice how well gold did since he uploaded this. And the only thing irresponsible here is the fact that the government keeps adding debt to keep a phony economy alive.
TWSceptic 2 months ago
why buy gold now its high when gold is low then i buy gold
joe18370 9 months ago
@joe18370 Because the dollar is losing its value.
david52875 8 months ago
@joe18370 It's not high, it's not even at the price it was in 1980. Gold is still undervalued.
TWSceptic 2 months ago
Gold is only worth what the next person will buy it for
thegreatone258 9 months ago
I agree - owning Gold is about the only form of real security TODAY - KB VISION are booming right now with Global Expansion and by helping people to open FREE Online Accounts as a Customer. They also have an amazing FREE Affiliate Programme that pays huge bonuses -
Onlinebiz4Everyone 10 months ago
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gold and silver bubble like the rest...
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goldy1011 10 months ago
BREAKING NEWS!
pakistan daily news was the only media that mentioned in 2009 america paid china with 600 billion dollars gold bars that WERE FAKE!. china investigated the source of this crime and they found out the whole american european market is flooded with FAKE GOLD AND SILVER BARS!!! and i used to worry for gold bubbles. SEARCH "US pays CHINA counterfeit GOLD bars"
theagrafiotis 11 months ago
Avoid Monex like the Plague...I lost 190,000. monex.to/
iHATEmonex 1 year ago
I can't understand why some of you are saying to sell your gold now. Yes, precious metals are typically a horrible investment if you're looking to actually turn a profit from buying and selling them. As some of you have said, it's value is based on speculation, which is 90% true. But, in addition to having a big cache of food stored away in case of a collapse, gold and silver will be needed in order to be able to purchase certain goods. They're insurance to me, not investments.
TaoOfOkada 1 year ago
@TaoOfOkada But you have to realize some people will not sell their food for gold. If you have a family that is starving, metal will be the least of your worries for that time. If I had to choose between food vs gold I'm choosing food. Not so much concerned about weather because iit'd make sense to migrate to the south when it's typically warm all year round. As for clothes pack them up. Clothes will last for a while. Get walking shoes they can last for a good 10 years. I've had mine for 5 years
BlauwLove 11 months ago
@BlauwLove I hear you loud and clear. Food is most important. But there will still be those who will trade certain goods for metals. I see it as don't put all your eggs in one basket. Just like in a sound and stable economy where it's best to spread your money out into various types of investments instead of just one, keeping precious metals along with food, clothes, etc. makes sense. Eventually the food will run out and you'll need something to barter with, be it clothes, ammo, or metals.
TaoOfOkada 11 months ago
get out of the gold bubble while you still can, morons
SELL ALL YOUR GOLD NOW
wastedwasted3 1 year ago
look at demand for gold. gold jewellery sales are down by 70%. the bulk of the world's gold is sitting in safety deposit boxes. its imaginary value, based purely on speculation, has become more volatile than a monetary currency in hyperinflation freefall. so gold is just another currency. IF (big if) there's a collapse, and i have consumable goods or useful services to offer, i'll not be trading them for gold. i say buy cocoa powder.
apagoogoo 1 year ago
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gmakepiece 1 year ago
Why when i searched "drugs" did I get this video?
HearingEveryRhyme 1 year ago
If you can make those kind of predictions, you would fare a lot better going to a stock broker then buying gold.
SSTTEEAALLTTHH 1 year ago
People used to say buy property, property never looses value. Then everyone starts buying property. Commercials appear saying that you too can own a home. People buy as a pure investment, and it turns into a bubble.
People say buy gold, gold never looses value. Then everyone starts buying gold. Commercials appear saying that you too can buy gold. People buy as a pure investment....
solbrigm 1 year ago
@solbrigm Exactly, it mostly just allows the wealthy to maintain their wealth since whenever there is a collapse, the obscenely rich can pick up everything for cheap.
HearingEveryRhyme 1 year ago
If your really wealthy buy metals. If your average like most limit the metals and think sustainabality. Food grows for free if you just use your head. Buy seeds and books and if you have enough extra buy a biospharm and stop the worry. Safe, sustainable, off the grid, affordable retreats for when the SHTF. Look up Boispharms
biospharms 1 year ago
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(cont) my point is, what REAL value are you giving up today by buying gold at $1,400/oz in hopes that you can use maybe 5 ounces later on as currency; as opposed to spending half that amount on bullets, knives, lighters, sleeping bags, fishing poles, canned foods and other REAL goods?
You're buying gold based on a dollar denominated value in hopes you can get those necessities later with it; whereas buying those goods now--while their still cheap--is a much wiser decision. Think in REAL terms.
jmk1a1 1 year ago
Stop buying gold! You are buying it assuming the dollar will collapse--which is likely. But you are still buying it for its "dollar denominated" value right? What are you actually gonna do with it if the dollar becomes literally worthless? Are you gonna pull up to the gas station and shear off a piece of your gold ring, weigh it, and maybe get a tank of gas? You won't have enough gold for that by simply buying a few ounces.
In that case, what's more valuable, gold or a sleeping bag?…(cont)
jmk1a1 1 year ago
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(cont) my point is, what REAL value are you giving up today by buying gold at $1,400/oz in hopes that you can use maybe 5 ounces later on as currency; as opposed to spending half that amount on bullets, knives, lighters, sleeping bags, fishing poles, canned foods and other REAL goods?
You're buying gold based on a dollar denominated value in hopes you can get those necessities later with it; whereas buying those goods now--while their still cheap--is a much wiser decision. Think in REAL terms.
jmk1a1 1 year ago
WAIT TILL GOLD DROPS TO 600 OZ NEXT YEAR, THAN BUY IT.
amcanmike 1 year ago
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Tax requirements, next year sales over $600.0 will get recorded. Gold at its price will force tax records. Silver can be sold off in small amounts avoiding tax form next year. Convert from gold to silver is the question?
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darseeify 1 year ago
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IlluminMindWorksWell 1 year ago
@gete55
I am considering paper money is HISTORY. I see veryt tuff times "soon" food water shelter etc. I think this will for a time, and when things settle, you can purchase "credit" electronicaly using gold. I wouldnt expect much for it.
I dont see any good coming from any of this, as long as the systems of government, wealth, and religion remain.
All three systems are destructive to mankind as a whole, and have been for many thousands of years. And the public still cheer for candidates?
IlluminMindWorksWell 1 year ago
@gete55
I dont have alot too say it has been done before. Thise who forget history are doomed to repeat it.
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IlluminMindWorksWell 1 year ago
When the dollar crashes as designed, a new currency will be offered; in desperation the public will blindly-gratefully accept this scam. And the price of GOLD will go thru the basement, and the bankers are waiting to purchase it from you for Pennies on the dollars you spent buying GOLD at 1500.00 an OZ.
What a shell game!
IlluminMindWorksWell 1 year ago
@IlluminMindWorksWell i think you got it wrong the people already fell for the scam (the dollar) and gold was dirt cheap 10 or more years ago ,so now that they have all the gold they are devaluing the dollar so they can bring in the new gold backed global currency . and whoever has all the gold will control the entire world currency ! just my opinion. so you can see their plan is unfolding now.,.
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tjhtrdgtue 1 year ago
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itsmexSK8PUNKx 1 year ago
direct core you are really fuckin stupid.go back to africa.
salamonetalton 1 year ago
@salamonetalton I'm from USA, you faggot. It's my birth-place.
DirectCore 1 year ago
@DirectCore In all the years of checking out youtube, you take the cake for the biggest WANKER of all time. A pleb like yourself could tell you were from the USA with that tosser mentality. It is your psychotic attitude that has your country in a complete mess. I bet your daddy paid your way into college you SHIT for brains. You need to stop watching so much porn and leave your wanger alone tinycock!
24601GWB 1 year ago
@DirectCore In all the years of checking out youtube, you take the cake for the biggest WANKER of all time. A pleb like yourself could tell you were from the USA with that tosser mentality. It is your psychotic attitude that has your country in a complete mess. I bet your daddy paid your way into college you SHIT for brains. How could a braindead wank like you get in on his own merit. You need to stop watching so much porn and leave your minute wanger alone tinycock!
24601GWB 1 year ago
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@DirectCore In all the years of checking out youtube, you take the cake for the biggest WANKER of all time. A pleb like yourself could tell you were from the USA with that tosser mentality. It is your psychotic attitude that has your country in a complete mess. I bet your daddy paid your way into college you SHIT for brains. How could a braindead wank like you get in on his own merit. You need to stop watching so much porn and leave your minute wanger alone tinycock!
24601GWB 1 year ago
@DirectCore In all the years of checking out youtube, you take the cake for the biggest WANKER of all time. A pleb like yourself could tell you were from the USA with that tosser mentality. It is your psychotic attitude that has your country in a complete mess. I bet your daddy paid your way into college you SHIT for brains. How could a braindead wank like you get in on his own merit. You need to stop watching so much porn and leave your minute wanger alone tiny cock!
24601GWB 1 year ago
@DirectCore Actually mate, take that minute tic tac of a cock of yours in a pincer grip and go for a ride on a tricycle. There, that's what it feels like to orgasm. And while you're there stick that greedy terrorist's sponsoring Fed Reserve (private) bank of yours and your pet gerbils and anal beads up your arse while that 25 cent crack whore gigolo is pumping it you pillow biting fuckwit!!!
24601GWB 1 year ago
Listen to Schiff...he knows what he's talking about.
After all he said by the end of 2009 gold would likely be over 2,000 per oz, maybe over 5,000.
Oh, wait...2010 is now almost over.
And has gold really gone up much...or the value of the dollar gone down?
DillonDee1 1 year ago
@DillonDee1 Oh you with your facts and figures, don't you know that real economics is a matter of faith, of believing in men like this guy, who say things so CONFIDENTLY- never mind if real world events never come to pass as they say...
hoodoo961 1 year ago
@DillonDee1 lol he never said by the end of 2009, show me one interview where he said that. I think he said something like: in 5 or 10 years gold will be at 5000$. but im not sure what timeframe he gave so stop making stuff up.
GusBariga 1 year ago
@GusBariga -- i believe you can find at least 10 videos of Schiff saying gold would be over $2000 before the end of 2009.
It didn't take me a minute to find one.
Try -- Peter Schiff - We LIve in a Fake Economy
The guy has been wrong more than he's been right.
DillonDee1 1 year ago
@DillonDee1: I saw the video and that is not what he said. He said over a $1000 in 09' and $2000 in 10' assuming the dollar was in a free fall. Gold is well over $1000 but not anyway near $2000 but then again the dollar has not fallen in a free fall yet. Schiff is not a economic messiah. Who is? He simply makes sense and most people appreciate that.
AgouraMo 1 year ago
@AgouraMo == watch the video again - you got the years wrong
DillonDee1 1 year ago
@DillonDee1:OK, He was right for 08' but off on 09" although gold went up but not to the degree he expected. His premise is solid. Increased fiat money will cause commodities like gold to go up. He thought the Fed would raise % rates quickly but they have initiated QE instead. This will only cause a slower progression w/violent results. Picking high & lows is always a guess & should be perceived as such. If you think his view is off. You should avoid his advice and stay away from commodities.
AgouraMo 1 year ago
@KC101X FUck you cocksucker. I ride my dad's 09 Ducati 1098 to university every day.
DirectCore 1 year ago
@laptoprepairs I already have purchased some ounces of gold/silver coins from the South African Gold Coin Exchange. Thank you.
DirectCore 1 year ago
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@KC101X Suck a fucking black man's faeces-laced ass!
DirectCore 1 year ago
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@laptoprepairs There is a scenario where my dick is pumping a hot load of cum up your mother's tight ass, in which you videotaped the actual cum-fart soon afterwards.
DirectCore 1 year ago
@laptoprepairs Just because it's got six millennia of track record doesn't mean it will not prove itself this time. Fiat currency is there to support the growing economy because a gold standard leads to deflation. You don't have a fucking degree in economy, shut up when talking about issues your GED brain doesn't comprehend. Besides, you can barely afford to pay the rent, now you're thinking about gold? Wow! Another middle-class nigger who took the inflation article on Wikipedia too seriously.
DirectCore 1 year ago
Obviously some troll is on rampage..
hellowsaw 1 year ago
@hellowsaw Fuck!!!!!!!! I said the Schiff guy is a fucking idiot who doesn't get paid much for doing a shit job! Who gives a shit what the guy says? He's not the chairman of the Federal Reserve! So he can't fuckin do anything to affect the economy. All talk and no action. And besides everything is fucking cheap in the USA!!! An iPod Touch costs $229! That's why my dad bought it in the USA while travelling. It's fucking cheap! Even street begging niggers can afford it. It's R3000 here in SA.
DirectCore 1 year ago
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@hellowsaw Fuck you middle-class nigger. Go back to flipping burgers at McDonald's; you can take my order, faggot, and yes I'd like fries with that please. I ride my dad's 09 Ducati 1098, which costed more than your house. Check my videos, bitch, you might learn something about the lives of the wealthy elite who are far more financially successful than you. Fuck off black poverty nigger.
DirectCore 1 year ago
@laptoprepairs Gold leads to deflation, which is better than inflation. Do you want inflation or deflation? Make up your fucking mind! Cocksucker!
DirectCore 1 year ago
Do not forget about SILVER! The price of gold will be too high to be useful as money. A 1/10 gold coin is about as big as a dime. If gold was at $5,000/oz, a 1/10 coin will be worth $500. What if you are making a purchase and the seller does not have change?
iannetta11 1 year ago
@iannetta11 Be prepared for the next American economic meltdown. Store food and supplies. Buy now while you can afford it. Buy gold and silver. Make sure all your gun are clean and ready to go. Store ammo and gun oil. Store seeds and the means to grow crops. Set up a network of friends to share supplies and safe houses if needed. Scout out areas outside of your urban area for a place to go if riots break out in your city. Be prepared and pray for a change in nov. If there is no change in nov.
dmkwils 1 year ago
@dmkwils We are on the same page brother.
iannetta11 1 year ago
@iannetta11 This Schiff guy is a fucking idiot who doesn't get paid a high salary. Fuck you and get a job. Economists earn the least amount of money in society. I depend on US dollars because my parents own property in the USA, and we get rent from it. That's why I use the US dollar and exchange it and get a fuck-load of SA Rands to buy me expensive shit. Fuck you and your poverty-stricken neighbourhood.
DirectCore 1 year ago
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@iannetta11 ...and on the same scrotum.
DirectCore 1 year ago
@dmkwils Guns and ammunition? Are you preparing for a zombie apocalypse? My best advice to you for preparing for hyperinflation is as follows:
1. Take a gun.
2. Load it with a bullet.
3. Point the gun in your mouth.
4. Press the trigger.
Bitch.
DirectCore 1 year ago
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@dmkwils That's why I fucking hate middle-class niggers living on minimum wages, and I hope they fucking starve to death when hyperinflation strikes America, so that they can face the same fate their ancestors faced while working as slave-niggers in Africa.
DirectCore 1 year ago
@DirectCore Their skin may be dark but your mind is completely blacked out. Your hatred is making YOU suffer, not anybody else.
Blessings.
TadRapidly 1 year ago
@DirectCore You are one screwed up guy, and thank heavens you live in Africa and not anywhere you might actually effect something.
hoodoo961 1 year ago
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@hoodoo961 Inflation doesn't exist.
Everything is cheap in America. The new iPod costs $229, that's why I bought one in US dollars and had it shipped to me from New York. Fuck you middle-class cunt. If you earned $1 per hour sweeping the floor, worked 10 hours per day, that translates to $300 in a 30-day month, wich means you can also buy an iPod. You fucking cock, be grateful that the US dollar is strong. That's why I'm rich, my dad got me an iPod Touch from New York. Bitch...
DirectCore 1 year ago
@iannetta11 You want gold? Go fucking work for it. Trim the hairs on my ass first, then I might send you a quarter-ounce. Otherwise, you will not get a single cent out of the rich man. I study Civil Engineering at CPUT and I ride my dad's Ducati 1098, plus I get pocket money. I fucking hate niggers like you who complain about the economy, yet you're the middle-class cunt who sits at home playing Playstation with no job, no university degree, and no mentality. Eat a horse's shit.
DirectCore 1 year ago
@iannetta11 SUCK A FUCKING COCK AND LAP UP THE CUMSHOT! BITCH! You will not be able to buy anything with your silver because they will charge you all your silver for a loaf of bread! Either that, or the government will impose heavy taxes on your prostituted ass. So your plan has backfired. Cocksucker!
DirectCore 1 year ago
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Steventk26 1 year ago
Gold won't fall. Never
hellowsaw 1 year ago
@hellowsaw Suck a fucking dick. You can't afford gold. And even if you buy 50 000 ounces of gold, the price of bread will be 60 000 ounces. Capitalism won't fail. Never. Cocksucker.
DirectCore 1 year ago
@DirectCore lol? why get so worked up? As if i killed your mum or rape your GF? Man... u should lay yourself in a mental hospital and probably the doctor had a medicine for you. Troll.
hellowsaw 1 year ago
@hellowsaw Lol. Dude, the point I'm trying to make is that your gold/silver would be worthless. Let's say I was the only shop in your city. If I knew you had 50 000 ounces of gold, I would charge you half (if not all) just for a loaf of bread. See? It's called "sweet capitalism" my dear. It's the reason you're paying more for the price of bread at your local shop, because the actual price is lower - you pay the markup price so that the shop can make a profit! Economically-deprived little boy!
DirectCore 1 year ago
I thought this was gonna be about buying gold in world of warcraft
Dr3adL0ck3d 1 year ago
@Dr3adL0ck3d You are one fucked-up PC-addicted nerd who never saw daylight today. Get out of your parents' basement, and get a fucking job, asinine milf.
DirectCore 1 year ago
wtf?
HeLLVaderous 1 year ago
Gold?
.
I would recommend, instead, that you invest in seeds and fertilizers. The imminent, inevitable global economic collapse implies much more than a depression followed by financial rebirth. We are facing extinction! We are the last generation of humans on Earth!
.
youtube com/watch?v=rlQrYCacrKo
.
The only people who have a chance to survive are those that prepared to do subsistence farming after everyone is gone. They will merely live out what remains of their lives.
bgaede 1 year ago
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@bgaede The problem lies in the middle-class niggers who earn them minimum wages after flipping burgers at McDonald's. Fuck off. Everything is cheap in the USA. The new iPod costs $229. A street beggar makes about $400 per week. Which means he can afford an iPod on one week's salary. That's the reason my dad should've bought the whole shelf of iPods while he was travelling in US, because they're so cheap. Even the latest BMW S1000RR bike costs $20 000. Fuckin ridiculously cheap in America!
DirectCore 1 year ago
saw this quote on another website: "Gold is a concrete store of value with six millennia of proven track record as a monetary commodity behind it. The dollar, in its current configuration, has only been in existence for 39 years and is a fiat currency in a world where every fiat currency except for those currently in use has failed. Every single one".
casienwhey 1 year ago
Fuck gold, buy food.
I don't give a fuck about some yellow sparkly rock.
I can't eat that, motherfucker.
middlefingerspamma 1 year ago
Fuck food. You can't store enough to eat the rest of your life.
Buy the means to produce your own food.
SgtSnausages 1 year ago
@SgtSnausages And then how re you going to produce food? By eating your pubic hairs and recycling your urine? Fuck off. You can't survive without the local retailer and shopping malls. Be happy that you got green papers to buy proper mass-produced food. Fucking idiot.
DirectCore 1 year ago
I wanted to buy gold too, then I noticed I had no money left already...
RockTheOcean4me 1 year ago
This comment has received too many negative votes show
Gold will crash soon. It's a purely speculative bubble. Actually commodities are in a bubble and gold is just the flashiest of those commodities.
Commodities will be the last bubble to burst before the DEFLATIONARY depression fully sets in... It's already set in for the real economy. $700k homes are now going for $400k and this moron is worried about inflation? What a joke.
Schiff is either a moron or a con artist.
Einstiensblackid 2 years ago
Wow, you sir are the joke. What you have to respect about Schiff are the fundamentals to which he comments. Using housing as an argument of inflation is wrong because one could argue that home prices before the bubble burst were hyperinflationary themselves. In fact they are still too high. The price of gold does not change. So to say that the price will crash is to assume the dollar will rise - aint gonna happen with a 100 trillion national debt. We cant expand out of this recession.
jjeeve5 2 years ago
@jjeeve5 Then why DOES the USD rise anytime the global markets selloff?
Maybe because we're the tallest pygmy on the doomed raft and everyone still thinks of American debt as the safest debt to buy when the world is about to collapse.
The Schiffers have been beating their heads against this wall for years.
Einstiensblackid 1 year ago
@Einstiensblackid You are right. Everyone still thinks we are the safe play. And this is a trend that cannot continue forever. When the rest of the world feels like it, they can walk away from the dollar. We can not. I'd rather ride out the temporary rises in the dollar now than be holding it well into the future. The Schiffers invest for the long term. I don't look to time trends, and neither does Schiff. He doesn't try to hide that fact.The Schiff bashers should just accept it already.
jjeeve5 1 year ago
@Einstiensblackid Suck a dick.
DirectCore 1 year ago
@jjeeve5 It's fucking ridiculous, this Schiff idiot, it's because he doesn't get paid enough money, now he uses his energy to talk bullshit about economics, only because he never got paid enough, now he's taking out his frustration over the Federal Reserve Bank. Economists... Sigh, I fucking hate 'em...
DirectCore 1 year ago
@DirectCore lol. You can think that if you want. But he makes millions already. Stop listening to him if you hate him so much.
jjeeve5 1 year ago
@DirectCore Take this message back to your masters for me, you boot licking scum.
You have run out time. You have run out of lies.
captvanhalen 1 year ago
@DirectCore lol loser
GusBariga 1 year ago
@DirectCore @DirectCore In all the years of checking out youtube, you take the cake for the biggest WANKER of all time. A pleb like yourself could tell you were from the USA with that tosser mentality. It is your psychotic attitude that has your country in a complete mess. I bet your daddy paid your way into college you SHIT for brains. How could a braindead wank like you get in on his own merit. You need to stop watching so much porn and leave your minute wanger alone tiny cock!
24601GWB 1 year ago
@Einstiensblackid This guy is totally a idiot. deflationary depression? you better save up all your money in paper dollar then. LOL
yushaos 2 years ago
@yushaos How's that deflationary depression looking now? Kindofa real possibility all ovasudden aint it?
Idiot.
Einstiensblackid 1 year ago
@yushaos Lmfao. Yeah I know, he's fucking retarded. Leave him. Let him suffer on minimum wages. He'll fucking starve to death, and then all our worries will be over.
DirectCore 1 year ago
Don't you think that as the dollar declines, countries like India and China will pull out and put their money in gold? (Or some commodity) Then Hyperinflation and dollar collapse?
Why do you think Schiff is a moron or a con artist? Have you seen his predictions in 2006 of the "Major Recession coming soon" while everyone called him crazy?
Yes The next bubble will be a commodity bubble, but I don't see it "Crashing soon"
-My two cents
TempusChris 2 years ago
@TempusChris Lots of people predicted the recession. Schiff, to me, is a moron because he fails to notice that the dollar goes up when the market goes down.
When every country is spending record amounts and facing massive budgetary shortcomings, our position in the back doesn't change. In the "we're all screwed" situation the world apparently wants our bonds above any other country's. To buy the bonds they first need to convert their currency to the US dollar.
Global crisis = dollar rally.
Einstiensblackid 1 year ago
@Einstiensblackid Oops. I meant that Americas position in the PACK, not BACK, doesn't change.
Meh, give it a few more years and "back of the pack" will be more like it anyway.
Einstiensblackid 1 year ago
You need to study history, economics and money. 1) Gold is the most stable investment and an excellent insurance. history proves this. Fiat money is volatile along with the share market, which is also speculative. 2) Printing money and borrowing from the fed etc (money creation) is inflationary in the long term. You should observe the real inflation figures and price of gold when inflation is considered. Get educated.
cabgt 2 years ago
And your suggestion for investment is? Still waiting... thanks.
dougat 2 years ago
@dougat Short banks, tech, retail, housing, & commodities for the second half of 2010. Gold will be the last commodity to crash but it will crash. Go long the dollar NOW!!
Right now may not be the ultimate spot to short the rest of the market as the s&p may be making a double top at 1219 but I think it would be foolish to ignore the possibility that the 2010 crash is already underway here in mid August 2010.
Einstiensblackid 1 year ago
You should have bought gold years ago. If you buy now you will lose you ass!
djvdz66 2 years ago
search george green , he has some interesting thoughts about gold and the economy, moreover for those willing to invest i suggest its a good thing to do BUT with all this people knowing about it in the end most of them will loose everything because all will think that they will gane something, invest-dont be greedy-when its the right time take your profit and leave and good luck
Michael1986m 2 years ago
Buy gold now before the U.S. Congress passes the "ObamaCare" Bill. Soon thereafter the stock market will crash as capitalism in the U.S.A. is crushed by debt. Meanwhile Congress continues to print more and more U.S. dollars driving the value down. Gold may also go down in value but unlike the USD, it will never be worthless. Good health Comrades!
gondwanalon 2 years ago
@gondwanalon You said to buy gold at the exact top. Good work.
Einstiensblackid 2 years ago
So you know the value that gold will be in 5, 10 or 20 years from now? You will be very rich to have such information. Even if gold loses some value now, I'd rather be left holding a bag of gold in 20 years than a bag of worthless U.S. dollars. HA!
gondwanalon 2 years ago 21
ya i'm into silver now too, much more affordable and I can buy something tangble. When to sell? When everyone on your street starts buying it! Think tech crash 2000
6503mike 2 years ago
Peter wouldn't be a millionaire if he was unable to give sound financial advice - if his advice was designed to "sucker" people out of their money, they would stop doing business with Euro Pacific Capital... but they don't because the advice is well founded and playing out comprehensively in the financial markets....
jkugez 2 years ago
Wait, are you telling me free market feed back systems work? That if someone doesnt deliver on their promises they lose money and cant be rich? No way!
FUZZYisBIG 2 years ago
Get in on Gold Now!
Secure your prosperity during this global recession. Get the info you need..(copy and paste)...
Buy-Bullion. INFO
ForBigCash 2 years ago
I have been reading a lot of posts on here making reference to the fact that gold is so expensive now, that even the middle class can not afford to get in. I consider myself a middle class American and have taken the alternate route and invested in silver. SIlver is a little over $17 per ounce and over the last few months as gold has gone up, silver on a percentage basis has gone up even higher!! Silver has been called the "poor man's gold"...Now it's the "poor and middle class man's gold."
TheNRA4ever 2 years ago
At $1,100 an ounce most middle class investors are already priced out.
jamal22066 2 years ago
How exactly do you figure that Jamal?
Anyone can get their hands on a piece of gold in some way shape or form. There's no way the middle class in general is that broke. Why is it people don't think they can get even 1/10 oz of gold? wtf. No wonder so many are broke, they're just too dumb to be anything else but.
TraderSteveR 2 years ago
Of course he is one of THEM - I like him. Make your day Peter!
Noidry 2 years ago
How much is your life worth in Gold Peter?
RedOutcast 2 years ago
Sunday PM futures, oil up, gold,silver up and USD down. Looks as if we've got our USD roll-over after a dead-cat bounce last week. Let's hope the mo-mo continues into tomorrow.
TraderSteveR 2 years ago
Instant Lockerz . com invites,
Instant-Invites (DOT) tk takes less than 30 seconds
SlightlyStoopid100 2 years ago
BYE GOLD run broke
lilsparky97 2 years ago
A freight train can haul a ton of cargo 436 miles on a GALLON of diesel.
RAMKING61 2 years ago
my vagina it can.
NoNoseProduction 2 years ago
Gold is at an all time high... it would be silly to buy in now. Once the recession is over, you'll have a bunch of worthless yellow rocks in your hands!
letlistentochrisdodd 2 years ago
Umm.. isn't a deflationary period a recession? A period when people have little faith in there government and fear drives up gold prices. I don't know about you but every gold stock that I've come across has at least doubled in the past year or so. Maybe everyone is really scared this time... and from they way things are going, they should be.
giggaman77 2 years ago
Anyone wonders why Buffet invest 44 billion in Burlington? this is the LARGEST buy yet for Buffett's Berkshire Hathaway. What could be so profitable about the railway system that this man would put an "all in" bet on it, unless it is about to get used more than ever?
An entire railway company by a KNOWN Elite definately raises some eyebrows.
Maybe we should look into FEMA and railroads, and find some of the answers...
commonsense2008 2 years ago
Peter, you are a super guy and right on everything except GOLD. You of all people should know that gold will not go up during a deflationary period. I am surprised you missed that. Despite huge amount of cash from government spending on Wall Street our monetary base is shrinking, hence deflation. US is also a net debtor not a creditor, soon our creditors will come knocking and and US will have up rates, spend less, tax more. Gold may spike due to fear factor but no $2000 gold, mark me on that.
chabs20 2 years ago
Actually, somewhat counter-intuitively, gold frequently increases during deflationary periods that accompany recessions/depressions. See the Great Depression.
bobjman 2 years ago
I agree with your comments, gold can have its run in both deflationary and inflationary times, but it is just as likely to fall to $600 as it is to raise above $1500. My point, Gold is great for speculators but I would not store value in it. We put 50% of my company's cash into Gold a year ago, it was a good move in uncertain times but now we are down to 20%. IOU dollars out-number real dollars 10 to 1. Dollar is crap, I agree, but it will get short squeezed in 2010 and that will hurt gold.
dchabro1 2 years ago
Schiff says that Buffet wanted to spend his cash on something tangible, and that with inflation it will be cheaper to move goods by rail across the country. Well once the train gets to where its going they still have to off load it onto Trucks, I drive intermodal Trucks, and my co. has a contract with Union Pacific, and all that freight is moved by truck to its destination. it may be cheaper to go cross country with it rail but a trucker still brings it to the store/plant/factory.
Eaks2215 2 years ago
That is totally wild ! Just how a blonde lipstick lesbian like myself gets wet haha!
LaurelCowgal 2 years ago
Buffet has 130 million ounces of silver.
shouldlistentoronpau 2 years ago
It looks like it's time to light this fire up. The US just slapped import duties on Chinese goods.
This quote is just dripping with irony.. "China's government and exporters are being told we are fed up with their cheating on our fair trade laws and penalties for these transgressions are long overdue,"
Now, take the word " China" out and put in "US Gov", then take out "we" and put in "US taxpayers" and see how it reads....lmao. Quite fitting. What the hell does the US Gov know about "fair"?
TraderSteveR 2 years ago
I thot the US is already in bankruptcy since 1933.
tecnohunk 2 years ago
shaved bird lookin ass
PreCurSeD 2 years ago
Most people cannot buy gold nowadays, but there is another commodity that everyone can buy & will pay just as big profits. Buy canned food!!
With inflation going up & anticipated to his us nxt yr. buy canned food now (exp. dates 2011 &2012) & you'll profit 25-40% by 2012 & not have to pay taxes on it.
1812Katy 2 years ago 3
Peter Schiff looked down from on high and smiled his crooked grin. He had slain all the old Gods and entrenched himself at the gates of Mount Olympus. There he spun his web, waiting for the children of men to come to him in their follies of courage and curiosity, to slake his eternal thirst for blood.
gawtmeelk 2 years ago
cypher,hold all your savings in cash and read your comment 10 years from now....well thats if you will be able to afford a computer in 10 years
js1112111 2 years ago
Don't you people understand the more gold and silver you buy the more your helping to destroy the American dollar
tylee77 2 years ago
lol tylee, that's funny. And I gave up my spot in the lifeboat for an axe murderer too. In fact, as soon as I got in the lifeboat, the ship I jumped from began to sink even faster so clearly it was because I got in the lifeboat!..lol :-)
TraderSteveR 2 years ago
Fort Hood Shooting leaves 12 dead 31 injured
/watch?v=fFwhl9OXiZU
I wonder if the army was trying to force vaccinate the suspects with the mercury shot.
AreYouConcerned 2 years ago
typical of schiffster to criticize real economic wealth creation of railroads bought by Buffet. gold is just an investment hedge, not a wealth production entity like railroads. the railraods is about the north american union, but Peter won't tell you that.
mrzack888 2 years ago
how does a regular joe on the street buy gold? what is the best way to go about it? what sort of fees are involved in converting dollars to gold, and vice versa?
thegloriouscause 2 years ago
I invest in pot.
XICANOXOC 2 years ago
You have obviously not listened to a word Peter and many others have had to say. What is Peter trying to sell to you? Nothing, unless you choose to invest via his consultants. Do your research before making these kind of uneducated comments. Course some say ingonorance is bliss.
MamaOkie 2 years ago
If you're a woman who's been married 3 to 6 times & have the old rings in a jewelry box this is a real good time to unload & take a nice vacation.
DillonX 2 years ago
How does Peter Schiff advocate that we should invest in Gold? Should we buy gold bullion bars, invest in gold stocks etc.
theguvnorjimmy 2 years ago
This is why India just bought 200mt of gold. They are getting out of the US $.Gold is used to preserve ur wealth.U still need food,water,etc. If Peter was the blacksheep and the only 1 saying to buy then it wuld be a bit odd but when u have our govt openly saying that our $ will be worthless then what more do u need. 2 many of u hav way 2 much faith in our govt and that they are out to protect u. It is being run like a business and has been for a long time. Wake up before ur money is worthless.
gmarc3 2 years ago
yeah i know you know what youre talking about.
triumph951000 2 years ago
WOW , i listened to peter schiff and i made lots of money. i wonder who the hell YOU really are. some fool from the obama administrations new department of trying to discredit people trying to get the truth out ?? thats what id put a few dollars on rather peter schiff being a fool
triumph951000 2 years ago
Cyper I have to laugh! What makes you think that if our $ does collapse that gold will be worthless? So, we are the only country that relies on gold? What about China,Russia, Germany who has gold vending machines. When has gold ever been worthless? Peter is not trying to get you to buy anything. He is telling you the same thing that many others are saying about buying physical gold and that is that hyper inflation is coming and that our dollar is going to collapse.
gmarc3 2 years ago 2