Mark Haines vs Peter Schiff "who cares about the price of gold?"

[ricochetVendetta]

Mark Haines wasnt wrong, he was a reporter trying to represent a popular view so he was totally correct to pose the question and many still hold this stance

[fdny9682]

@ricochetVendetta and many are wrong

[hanyangwe]

1 dislike...is that you from Heaven Mark?

[topazrain]

Gold 1778 today up from 494 I believe Peter Schiff was right

[rdrakken]

Its because Mark Haines knows what most people in the industry knows...Peter Schiff is a shill, has been for over a decade and that is why his track record on the market has been horrible.

Dont get me wrong, I make more money when people listen to him. When he talks, the weak believe the doom and sell bringing prices lower so I can buy and sell on the upswing.

And Haines was right on the money, the average person DOESNT BUY GOLD AND HAVENT SINCE BEFORE NIXON AND IT TOPPED $100 per ounce.

[8ooO0Ooo8]

Mark Haines may have been wrong occasionally. But he was never in doubt.

May he rest in peace

[TheBlitz1]

peter schiff is obviously enjoying this discussion

one of the reasons i like him

[IFknHateUTube]

he's playing devil's advocate, dipshits. that's what good interviewers do. that's how you prove your point by having an interviewer challenge your points and then responding to those challenges in an insightful and persuasive manner.

[xtreme1002003]

RIP Mark Haines.

[aitraining]

Mark Haines died last night at 65

[crock2020]

loloooloololo 494 then.....now 1200......dont listen to mark haines unless u wana lose wealth

[TheBlitz1]

jesus christ

[healthhavencom]

Who is the most economically clueless?

1) Mark Haines

2) Erin Burnett

3) Ben Bernanke

Place your bets.

[xtreme1002003]

@healthhavencom Definitely Bernanke.

[AlbertInSanAntonio]

LOL what an ass!

[MrRiceowlex]

Yep I'll bet at $1,200 an ounce he has reconsidered.

[dlmaniac]

@MrRiceowlex ... and REGRETTED.

[cybersphere]

The host is a fucking tosser.

[6GUNSOUTH]

This video is the perfect example....you know when Peter is handing their asses to them, cuz they just blurt out out stupid shit! They just can't stay as poised as Peter and can't keep up mentally. Funny shit. I love watching the faces the Fast Money crew makes also, its like they get paid to sit there and make astonished faces! LMAO

[FXNorm]

wow!..I doubt haines thought those comments very well..It looked like Shiff was stunned when he heard such a dumb comment lol

[AbdMelqartBaraq]

Who cares about Mark Haines?

[HILL1776BILLY]

This vid is just one more reason why i listen to Peter, The media is like a bus load of monkeys at a Chucky Cheese. They have no idea until the lights hit them, then its show time regardless.

[mistermayy]

Fuck that Mark Haines dipshit.

[marktrade88]

HAHhahahahahaha

[Earthman39]

I'm not buying it that the media people act like gold has no value, or like, "who cares" It's obvious. What if you had a problem making a wire transfer for some reason, but you had a bunch of silver coins and turned them in to a dealer in town, that would save your butt in that situation, which is just one example of the top of my head. Oh and by the way HOW MUCH have I profitied by purchasing gold coins? Oh only over two hundred bucks PER ONE OUNCE COIN. But "Who cares?" Yeah, OK buddy. lol

[anryth]

im proud to say that i am smarter than mark haines.

maybe he hasnt looked at the main factor for the rising GDP, house construction. now that doesnt make a lot of sense that people would be building houses at the same time that the housing market bubble popped and the market is already flooded with houses that no one wants. the reason is because the government is subsidizing house construction. artificial GDP growth is not real growth.

[stealthpakfa]

where can i get the full clip of this show?

[rooper666hell]

hahaha....this is a classic clip....Haines is completely clueless.

[kobe88124]

lol mark haines got retrospectively owned!

[Voy2378]

hahaha

[ItsCreated]

Mark Haines: "I don't buy gold. Who cares what the price of gold is? I care about the price of bread & milk & a college education, but gold? ...who cares"

Mark.

Care because It saves the wealth you've worked hard to attained, which enables you to purchase bread, milk & a college education.

Since 11/28/05 (gold $465) you only have 38% of your purchasing power because you don't care. That's sad. 12/02/09 Gold @ $1223 & you still don't care. For your family's sake, I hope you start caring soon

[remember04191775]

This definition relies on mankind to covet gold in all situations in all places across all times. Food, water, and shelter fit these criteria. Gold is merely the best available option for a medium of exchange. It has not been used in every civilization throughout time, espescially in civilizations with limited access. Salt has been used in place of gold, as well as beads and other trinkets. If there were no trade, we would not need gold. If you landed on an alien planet, you would not need gold.

[remember04191775]

In every situation whatsoever, mankind will require food and water, along with shelter to whatever extent.

You can live without air for 3 minutes

You can live without shelter for 3 hours

You can live without water for 3 days

You can live without food for 3 weeks

How long can a man live without gold? Hmmm?

[kobe88124]

not everyone can live without air for 3 mins, almost anyone can live without shelter for waaaay longer than 3 hours, some people go without shelter throughout their lifetimes, water? not sure. food, who cares. gold? maybe not an individual, but a collective of individual's who make up an economy? yeah that can't go on long without gold...

[remember04191775]

I think you really miss the point. For starters, the 3 hours is a well-established survival fact that is meant to show how quickly someone can succumb to the elements. Without clothing or any other form of shelter, you can die from exposure within 3 hours in many parts of the world.

Many people are currently living, and have been their entire lives, without gold. This would include billions of people across the globe.

Gold isn't necessary for economic activity. It is a medium of exchange.

[remember04191775]

ANY medium of exchange will do so long as it is universally accepted. Look at the Federal Reserve Notes that function as money. Has society broken down? Is the division of labor gone?

Gold is merely the best medium of exchange because it is durable, fungible, easily identifiable, and on and on. There is nothing special about gold apart from these simple physical and practical properties. Anything else that possesses these qualities can be a medium of exchange. Salt, for instance.

[remember04191775]

People, please stop making these comments about the "intrinsic" value of gold. No one can really say that it has "intrinsic" value. Food, water, shelter, have intrinsic value because they keep you alive.

Gold has a lot of value as a medium of exchange but this is not the same as "intrinsic" value. If you were starving to death and no one wanted your gold, you qould quickly find out its true value. It has value because people expect others to accept it, and they have for centuries. Go Peter!

[hrosemd]

Classic.

[BlueSkies360]

wow, awesome video

[loudsilence321]

haha stupid idiot is stupid

[ciottini]

WOW

In this video: Gold around 500, Dow around 10000

Today: Gold 1200 Dow about 14000

Priced in Gold the market has fallen more than half.

[ciottini]

*I meant 10400 not 14000

[pwnttothemax]

$1200 has an intrinsic value of 1200 small pieces of paper... while an oz of gold has real, tangible value. it's always in demand for jewelry/industry etc. that's why it was chosen as the natural currency of the world for thousands of years

why don't politicians understand that?

[Demotruk]

@pwnttothemax

It's more that gold can't be printed up. It has some intrinsic value, but it's real value is that it's an easily exchangeable commodity that doesn't easily tarnish or diminish. It's the perfect currency (for larger transactions) when paper currency fails.

[ChillnAmoeba]

LOLLLLLLLLL

"Who cares about my investments being blown to smithereens?! Gold's a safe haven from inflat--what?"

[AFRIKTODAY]

Gold has passed the 1200 threshold today! mark haines, like they say in French " Ta mere!!"

Which means "Your moma"!

Bitch ass idiot!!

[0muffins0]

Pwnage right there!

[cbr6864]

i like the avg. man comment they feel as if we are below them and it shows

good job Shiff

[akaee]

now about 1150 USD

[aviomaster]

-- Gold price right now 1001.90 $ per ounce ...

[leeroynaggins]

Every host on CNBC is a dick.

[ForTehNguyen]

lmao wonder what Mark thinks about gold now, over 900/oz

[milkmandan77]

pwnd.

[BayFlow408]

"well, you should be. Its been up sixty dollars since I've been here..." classic Shiff. There should be a book on Schiffism's.

[stealthpakfa]

ahhh mark haines is just another puppet for the international bankers such as the rothschild!

[schiffhashitthefan]

mark haines personal whipping boy speaks out on why he thinks haines is right and schiff is wrong.

watch?v=KAGa1mbBvC8

[sonofaglitch2]

Arguably the world's most precious metal which doesn't tarnish or corrode (easily) and has been a store of value and money for 6,000+ years.....versus a piece of paper with ink on it backed by nothing.

Nice one, Mr. Haines.

[engine2truck6]

We are all playing "musical chairs" on an international level.

I get my pay in dollars, and pay my bills in dollars, but the savings goes to SILVER & GOLD!!!! So at least savings is backed by... SILVER AND GOLD, not political promises (which may or may not be honored depending on the WIND).

[pepsimannampepsi]

Damn. What year is this?

I bet his clients are thankful right about now.

[Marxwebe]

Boy is that guy a moron. Who cares about the price of GOLD?? Gold has been real money for thousands of years! If a burry 10 ounces of gold and $1,000,000 dollars today, I guarantee someone who finds it 100 years from now will toss the CASH and keep the GOLD!

[debtfreecurrency]

haines makes a damn good point! if the s@#! really hits the fan, who's gonna care about the price of gold? you cant eat it, live in it(unless your a rothschild or a hedge fund billionaire) and you can't put it in your gas tank. Schiff and his Church of "GoldIsMoney" are commodity brokers. SCHIFF IS BUYING AND SELLING GOLD for christ sake! Its like gee better watch the price of Rhodium cuz Rhodium is the only "real" money! What nonsense!

[ohio1998]

debt,

In a way you are correct. Sitting on 300 ounce of gold wouldn't do you squat if the shit really hit the fan. I own gold stocks and silver bullion. I buy for long term savings that "hold" there value. I'll never be rich off of it, but I will maintain my savings.

[nibelungensohn]

"who cares about the price of gold?"

who cares about Mark Haines?

[nibelungensohn]

Mark Haines can go fuck himself.

[malumalumalu]

"who cares about the price of gold"?? What kind of a dumb question is this? Gold prices tell you a lot about the economy and inflation. That's why you should care, dumb mark haines. I can't believe this is a finance show.

[Jerrybowyer]

Ive lost all respect for that fat loser with a terrible comb-over! Fuck cnbc, they are the biggest idiots around, you have either pumpers (kneale, cramer) degenerate gamblers (fast money gang), people who act like they care but actually care more about what posh manhattan restaurant they will be eating at after work(ratigan, bartiromo) and then the rest who really dont know whats going on! Then you have kudlow, i dont think he even knows what century it is!

[ohio1998]

All I would need is a gag and that Maria Bartiromo would look good on my pipe!

[FreakMan2k]

MH "I don't brush my teeth"

PS "Well you should be"

MH "The average person doesn't brush their teeth"

PS "Not now"

MH "Who cares about brushing their teeth"

PS "Well in a few years you'll probably care, you should right now"

Kinda how i think of it. Great video.

[iamgabrielf]

I'm glad your entitled your page George4titleis a scam because he is a scam. I asked him the question, "Did you return the money you recieved to fight the Peter Schiff lawsuit?" He deleted my comments and blocked me. Thanks for this channel.

George4title is a CONARTIST.

[ohio1998]

George4 title is a goof.

[iamgabrielf]

I'd say more than "a goof", he's one of the many anonymous goons on the net.

[ohio1998]

It's really irritating because he turns a great cause into a con game.  It makes the rest of us look bad.

[iamgabrielf]

well said

[extrusve]

Asking who cares about gold prices is like asking who cares about share prices.

[tickhound]

CNBC is to economics...

what Mariah Carey is to economics

[engine2truck6]

That is priceless! One of the funniest comments EVER. I wish I thought of it.

[malumalumalu]

haha good one

[vodkasoda2]

That interview is dated 2005, so I find it particularly amusing. It is like Schiff is coming from the past to say, "I told you so!"

[beevers48]

I assume you've seen the peter schiff v art laffer video. Similar thing. If not watch it. its on u tube aswell

[4rcane]

Mark Haines, you can't buy milk, loaf of bread or college degree with stocks either, the way you view things. Gold unlike stock will retain its purchasing power, which you can convert to dollars to buy the things you need

[lkr3bt]

Don't make comment of bad economic news or market news to Mark. He'll get very frustrated.

[prescottbill]

The only one with a brain at CNBC is Rick Santelli. Hopefully CNBC will fire him for telling the truth, and he will get his own show on Fox Business, "In the Pits with Rick Santelli".

CNBC is a joke for finance, think what MSNBC is for politics.

[brucec43]

This is what is wrong with the USA. People who say things they should be ashamed of (haines) have no shame. He's probably still on the air, bloviating. If we started holding people accountable for their actions in all areas we'd have a better world. If you are on the air to educate the public on the economy and don't understand or care what gold costs, you should be removed. Pretty simple

[frontier1701]

That goof Mark Haines is a lawyer.... Glad he's not my lawyer.... "Why do I care about the price of gold??"...Maybe cause you could have doubled your money My Lawyer....

[WhatToThink04]

LOL. Mark Haines = MORON

[tickhound]

If I were as bad at my job as Mark Haines and the rest of those CNBC "experts" are at theirs, I'd have been fired long, long, ago.