10/1/2007- Ron Paul Supporter Peter Schiff On CNBC

[supercorm]

Gold is going down as $ seller got squeezed out. With this crisis, the US is actually enjoying a good flow of foreign money looking to buy gov debt. The question is, what when this flow stop and foreigners, owning more than 50% of the US debt, wants out ?

Gold should remain well bid as there is not much alternatives.

Housing, well, I'm in Japan, and prices here dropped by 75% .. over 10 years.

You may say its different, that the Fed is quick to act .. well, they acted too fast in 2001

[atheistnarnia]

That is not fair at all.

A face off between a room temperature IQ trader and 130+ IQ Schiff?

Come on. Painful to watch.

[ganderdip]

ahhahaahah gold at 730.... its at 924 right now... we now see who speaks the truth

[kosai19]

I got his book and it is very good. But the advice in the book may not apply since Gold is at a level that's hard to be sustained. It should pull back at some point soon. If the dow corrects higher I think you see a serious pullback in gold at which point it's time to jump in and watch the U.S. collapse into a deep recession or if the politicians screw it up even more, a severe recession with hyper inflation so millions die of hunger.

[atheistnarnia]

Good call, it did pull back.

But it seems to be climbing again...

[kosai19]

Peter Schiff is the man! He has been coming on tv and predicting this since 2005! You REALLY have to ask yourself why he and a handful of others knew and the rest were so clueless. Look at Enron for the answer. Everyone is being bought out or just ignorant. They'd rather attach a label to him than to research what he is saying. Ron Paul also wrote "The Case For Gold" in 1982 warning of what is happening today with the Fed. A book written 30 years ago! The public is blind and will pay dearly.

[BAOchsner]

Peter Schiff rocks! This schmuck trader they put on CNBC and the ditzy blonde are pretty much a-clueistic. The stock bulls are using 3rd-grade logic, saying "the Dow's high so things are fine."

CNBC is nothing more than a stock marketing program disguised as financial advice. Listen to these fools at your own financial peril.

[stupidgirl816]

Peter Schiff rocks and I am one of his clients. WE are making money with his help. Go to europacific capital if you want to find out about it.

[tachikaze222]

I love this guy. Though I do think the S&P500 is a reasonable hedge against inflation to some extent. I want to buy a 335i in 2009, better start getting into FXE as a hedge I guess ;)

[nhojsenoj]

Kids, this is why Larry wears janitor gear on the exchange floor and Peter runs a hedge fund and worries about jet leases.

[PresidenteCamacho]

Peter Schiff rocks! And his book does too.