This is why I am prepared to migrate to China and be a Taxi driver.... China will soon be the new super financial super power.. I guess I better start learning Chinese.
I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months. Take a look like i did.... Visit: goldsave.co/
I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months. Take a look like i did.... Visit: goldsave.co/
Gold and silver are good in a crisis but for what? They buy you food! FOOD! Peter is in Belize this week to start a new branch of his country. I just returned from there helping a group of families buy land to start a community there. Buy a little gold and a little more silver. Then buy a sustainable mini farm in Cayo with the rest of us. If your a Peter follower we will gladly welcome you in. Email me and I'll get you more info. Darinsmith@inbox.com
! Thanks for all your informative vids. Protect yourself against inflation. Invest in silver now because it's going to go up alot over the next few years buddy. silversnowballdotcom/3085
Should still buy gold ... it still rises in the stock market and looks to me as this proble will be our new currency considering most of the world is in debt..
Theres less than 10 years supply of silver left on planet earth. See, Gold is horded and Silver is consumed. Since silver is a industrial precious metal it used in cell phones, computers, ect.. and the more "informational age" we become the more the demand for silver becomes. This knowledge mixed with Inflationary risk of the dollar means silver, no matter how you get it, it is a great investment. Check my channel then Hit my website to buy Silver under spot.
Theres less than 10 years supply of silver left on planet earth. See, Gold is horded and Silver is consumed. Since silver is a industrial precious metal it used in cell phones, computers, ect.. and the more "informational age" we become the more the demand for silver becomes. This knowledge mixed with Inflationary risk of the dollar means silver, no matter how you get it, it is a great investment. Check my channel then Hit my website to buy Silver under spot.
The Third Reich produced millions of 90% silver bullion coins. Each Nazi 5 Reichsmark coin weighed 13.88 g and contained exactly 12.5 g of fine silver. Almost half an ounze of silver in each coin. These coins are still readily available today! And besides their inherant value as silver bullion, they are also genuine Third Reich collectables thus adding to their value!
its easier to buy silver but if you can buy gold under $1000 i would buy gold. buy silver has been low for a long itme and that could be cause theres just really not that much demand for it. Copper is still relatively low and its a limite supply with practical use and demand but if you really want protect against in foodprices are going to go up the highest since we import it all and everybody needs it.
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It just occurred to me that individuals buying silver is just what the Government wants. That way, when the price explodes, industries won't be able to buy it back at the going rate because it won't be cost effective to manufacture products at the price point for the average person. This will further diminish industry in the U.S. It will either drive them out of business or they will go over seas. A bad economy as a result, people will not be able to have children: population control!
I'm taking advantage of the Gold and Silver dip to buy Xmas gifts - what a great idea - instead of throwing money away on consumable crap - give people something that keeps its value (and with more chance of gain than a lottery ticket).
Also, once your friends and family actually get a taste rather than just listening to us talk about it - they may start thinking about it more seriously - it may get the snowball rolling.
I'm kind of bugging in my head..i bought a bunch of silver at 14 now i dont want to buy it for 19...should i wait to see if there a temporary dip or should i just buy???
message me to learn about this silver accumulation program i'm in. i'm able to earn silver far below spot price ($7/oz. now) and spread the word about this great investment at the same time!
I feel like a squirrel gathering nuts for the winter. Im buying Guns, ammo, food, water,gold and silver. Winter is upon America. The squirrels that didn't get ready are about to starve and freeze to death.
Here in New Zealand Gold and silver is actually cheaper than it was before this recent rally, the reason being that the US dollar has lost more value against the NZ dollar than gold and silver have gone up.
It's crazy how far the US dollar has dropped, over 40% against the NZ dollar since the start of the year!
I'm a great believer in gold and silver, however, gold and silver prices should be much much higher now than they actually are. There is SO much manipulation going on the commodity market that if you're not a strong believer in commodities this would easily discourage you away from the gold market. Gold and silver WILL go up in the long term you just have to understand what is happening behind the scenes of the U.S economy.
Devaluing dollar (Inflation) + precious metal = Increasing value of said precious metal.
The fed is printing out money, giving it to corporations profiting off of the war and bankers via bailouts; essentially leaching wealth from the average joe.
Get out of the dollar by Oct 25th. Dow will fall from 9500 to 4750 very quickly. Dollar based on the basket of currencies is currently at 70. It will drop to 40 late Oct into Nov.
Call me and save your wealth while you can. You'll regret it if you don't buy silver NOW!!!!
I'm with ya on that. The government knows what they are doing, and they have the answers to the situations they have put into motion. All these "cash 4 gold." offers where people give old jewelery for money is bullshit. People are giving there power away and they don't even know it or don't care. The government knows this, they are the one how approved the offer from these companies....Think they don't know? that's bullshit........ Keep your eyes open people......
Im an absolute N00B when it comes to commodities and precious metals. Where and how do I buy gold (or other metals) and where can I keep track of gold price chart?
Elbottoo, There are many opinions about how to invest in gold. I won't try to cover them all but in a nutshell... Go to Kitco's website. There you will see the current price of gold and you can also buy physical gold coins. 1 ounce American Eagles or 1 ounce Canadian Maples are typical purchases. In addition to physical gold you can also buy gold stocks by opening an online brokerage account at a site such as Scottrade and purchasing GLD, GDX, DGP, and/or others. Good luck!
Go to 24 hr spot price by kitco. Buy 90% percent silver kennedy half dollars. I use APMEX for my bullion purchases. I dont have any gold , but bought 3 monster boxes of eagles from Gainesville coins in Fla. @6880.00 per box in Dec. 2008. Just after they resurfaced on the market @9.27 oz. Doing quite nicely. Buy silver it is used up in industry and some day soon will be in big demand. Cheers mate.
I keep a window open at coininfo (dotcom) for lives spot prices, silver:gold and platinum:gold ratios, and complete lists of popular bullion and coin prices, all on one page. They also have a very useful news crawl (linked to a bulletins page), and a public forum.
APMEX is a great source for US buyers (they can't ship out of country). On YT, check out Stellaconcepts, Davincij15, among others, for info. Hope that helps! =^[.]^=
Brilliant, Schiff's predictions are a good combination of psychology, economic fundamentals and years of experience. Its unbelievable how accurate he is!
Peter you are running your mouth again. And just as you apparently lost your ass before, you are biting off more than you can chew again. It is YOU who doesn't know what you are talking about and time will once again prove you wrong.
the chinese gov engouraging its citizens to buy gold n silver haha BUT china its got no "freedom" americA has WELL TRY N BUY GOLD IF U R SO FREE THEN u r NOT allowed to they are so much for BS freedom wake up guys u r owned by the bankers so are of course Most of your politicians gov news media EVERY US PRESIDENT THAT STOOD UP TO THE BANKERS WAS KILLED look it up from Lincon to Jefferson to Kennedy they have fucked up u r once great country for their profit do a search n see
i was watching the history channel some months ago, a show on the great wall. the last ming emperor was determined to finish the wall. he did, only problem was the national treasury ended up 4 million ounces of silver in debt. that was the end of the ming dynasty.
that show pushed me over the edge and into buying silver eagles & bars.
if the historic chinese currency is silver there will be immense pressure for same from that country - at every level.
we are Not allowed to hold gold only in jewelery £1000 ring £20 of gold try buying silver n see they will NEVER sell u it what they will sell u is pieces of papers that you have so much silver n THEY ARE HOLDING IT try getting u r hands on it or even buying it at the right price ALSO to how many people do they "sell" u r silver the fraction of 10 banks loan out 10 times the ammount of money they HOLD true guys we are all robbed silly they got the wold by the balls only Russia owns its own bank
Inflation started with banks raising their APR on CC's,. When are we going to get our tax dollars back from the banker criminals,. WITH INTEREST,.and a penalty,. for having to bail them out in the first place,.
Peter sometimes believes so heavily in something that he doesnt realize that he contradicts himself.
Excuse me Peter, but what did gold do during OCT 2008 - FEB 2009 when the US dollar index ROSE from 78 to 89 or so? Well I will tell you. Gold went from 720 to about 990 or so.
So lets see, we have 15% RISE in the US dollar and at the same time we have a 38% rise or so in the price of gold. Hmmmm. How does this jive with the rise of gold as an inflation hedge, if the dollar is strengthening?
Not the Dollar strengthens but the Dollar exchange rate :-). It´s like several stones are falling but sometimes some stones are falling faster sometimes slower
just remember that the dollar is going to lose 90% against the price of gold. but how much are the other currencies going to lose too? if we print money then china and all these other exporters want to be competitive, and they will reduce their currency
We certainly have had inflation recently but this is not keeping pace with equity destruction. Gold and silver recently rallied, IMO, due to sector rotation and not due to the inflation which BTW declined. We can have deflation with a rising gold price. Dollars are now worth more today than they did back when the market rolled over in Nov. 2007. Dollars buy more houses, cars, food, oil, DOW, S&P etc but not more gold. My point is that gold and dollars can rise simulataneously. This is DEFLATION.
This time last year an electric chainsaw from China cost me $49.99. This year the same saw cost me $97.00.
This time last year a number 6 a Carl's Jr BIG, cost me $6.50. This year, today that same hamburger fries and a drink cost me $9.50.
It's not rocket science folks. The Government isn't telling us the truth about inflation.
And....watch the revisions. I've maintained that the Gov. is trying fake out the markets. But they have to report eventually, or somebody goes to jail.
Ok, If we are going to have an outright crash with our currency, it will happen in an instant and take a day or two to filter down to us on the bottom of the pyramid. That does not mean that it will happen tomorrow or at all, but if you pay any attention to what is happening domesticly with the dollar, and have logic, you know that the dollar is being diluted. Now is not the time to point fingers, lest you want to wear out your finger. See to your loved ones and be a good scout-be prepared.
Hi, You have got lucky that u have Peter. Im writing from Poland and im wondering what effects will be for polish economy when dolar will lose his value. I will be very grateful if someone can help me. (sorry for my bad english...;)
Jin Dobre. I think the dollar crash will affect all countries around the globe, but I think China, japan and a few others will recover but not so sure about Poland - I assume it will be affected like any other European Union nation. I heard one source say that the UE and euro will fall apart. If I were you I would keep some gold/silver as it's real money. I am Polish but sorry I can't write.
LOL! The printing of money IS inflation. Plain and simple. Inflation does not neccesarily mean a rise in consumer prices. You can have inflation without higher prices but not for long. Expect Gold and Silver to rise more. They are both a discount still when you consider all the money that has been printed. Not to mention the end of this year brings another stimulus package!
Schiff earlier in 2009 said gold would go over 2000, maybe over 5000, before the end of the year.
The 2000 was a crazy prediction, but 5000 was insane.
Now you saying gold will go to 5,000 in 10 years is more reasonable, but of course some people are saying we'll have hyper-inflation over the next 10 years & it's possible - but if $1000 worth of goods then cost $5000, gold going from $1000 to 5000 only puts you even with no income in the meantime.
Agreed, gold is maybe a tool that will help people to survive, doesn't mean you actually make profit, you just don't lose as much money.
But I am even skeptical about investing in gold right now. There is a chance we won't even be allowed to trade in gold 10 years from now. Globalists are pushing World banks, world currencies. God only knows what we are heading down to.
I'm not talking about gold as an investment, I'm talking about it as a basis for the dollar. But if you'd prefer to talk about gold as an investment, just look at its appreciation over the past 100 years and it's obviously a worthy inflation hedge for any portfolio. Granted the ridiculous policies this government is engaging in, and an inflation hedge is more important now than at any other time in history and will continue to become moreso.
The term "dollars" are actually Federal Reserve Notes. If people understood how the Federal Reserve actually worked they'd think twice about these "dollars" they can still use as money.
There's not gonna be hyper-inflation. Peter Schiff is just trying to get people to be stupid and buy gold right before the govt. confiscates it. That's his job. I don't give advice but I'll tell you what I do. I got some mining stocks and a few others that are way over-sold but if you're in doubt just cash out. The dollar's gonna be gaining value, just my opinion
The world is moving away from the US dollar. It's going to be a very sudden event when the largest governments of the world turn their noses up on the dollar and when that happens, Gold is going to soar higher and faster than you can imagine possible. Bailing on (not out) the dollar isn't good for the dollar. We're losing the fight (non-fight) to keep the dollar relevant in international circles. Sorry. :(
lemme tell you something. When 99% of everybody agrees that something's gonna happen then the exact opposite is gonna happen. The dollar is going up.... but, yeah, the stock market is gonna crash like nobody's ever seen before.
When 99% of everybody makes something happen it's gonna happen. Market moves on nothing but sentiment are always slave to market forces eventually. You're talking about the speculative, emotional nature of the markets and nothing else. Using nouns like "something" is too broad to make your claims valid, to the point that you're speaking in platitudes. When there are no more bulls to get on the boat, the market comes down. When there are no more bears to get off, the market goes up.
Don't get me wrong....we need currency and do need gold. For most of us there is no getting around the need to be able to purchase and pay bills. However, some things are equally important as gold or currency. If we are alive next month, one certain thing is that we will need to eat. Don't forget to stock up on food and other necessity's like tp! It is 99% certain that food prices are going to soar, so at worst you are buying now for a lesser price. It's as solid an investment as gold
But we might note that during the Bush Adm the price of gasoline, electricity, bread, meat, milk, meats & fresh fruits & vegetables (things we all need) all increased by 300% (truly staggering - especially considering wages were flat!)
And during the time Barack has been in office prices have dropped (Soc Sec ppl not happy w/ no increase this yr in payments).
DillonX - go ahead and make your partisan point. Yes, there was inflation during the Bush admin. He screwed up the economy, no doubt. But to try and say that somehow Obama has caused prices to drop is just asinine. It sounds like you are suggesting there isn't going to be inflation? Obama has spent exponentially more than ALL other presidents COMBINED IN THE HISTORY OF THE U.S. You little Obamites keep hammering away with your attacks on Bush, just see how far it gets you in the next few years
You state that the Chinese government is trying to dump some of its gold holdings on the people of China in exchange for paper money (China did invent paper money).
What makes you think this will cause gold to go up in the International markets?
Peter said that gold "could" go to 2k before 2010. He may still be right. China just 2 days ago allowed their citizens to buy silver and gold. Watch the price of metals SKYROCKET. Buy now or "you snooze, you lose."
Although gold CAN be used in a number of ways - most of those ways have substitutes.
And almost all Gold that is used each year is used for jewelry - which can easily be brought back into the market place should the price of gold go too high.
You can look at it on a person (more people are switching to silver with gold close to 1000) & as something to look at in a vault
Last time gold went over $1000 people in Indiia (traditionally gold has been popular w/ the Indian ppl) started unloading & I predict they'll again if gold passes $1K - there's really no practical reason to keep it.
I agree with you, gold really has no practical value. What can you really do with it besides make earrings etc? Minerals like coltan are realistically more valuable...
in electronic (but would be too expensive and wasteful)
as u can see whatever u can use in silver u can also use for gold. gold is very valuable. remember, gold is wealth. history of humanity recognizes that.
Art, jewelry and decorating food seem like frivolous luxuries that are not valuable nor practical. In tough economic times gold is the last thing you want to put your money in....
Paper is a shredded tree. It withers away in time from heat, moisture, grease, dirt, and oxidation. Gold is the most resilient of all metals to the destructive properties of the oxygen in the air, so even scientifically, it makes the perfect medium to base a currency on.
Thanks for the geology lesson. So, then what you are saying is that air should be currency. because its more powerful than gold. I guess air would be easier to send by Western Union than gold or paper, anyway. Thanks for clearing that up.
Well, then as you know, if the trees are cut down at the rate they are being cut down, we may see a shortage, and I said..... if....since its not, there you go
In Jan of 1980 gold was selling at $850 per oz. Today with the almost 30 years of inflation since then gold would need to be selling for $2250 per oz to buy the same amount of goods.
So you would have actually had a dramatic decrease in wealth.
And as John Keynes said:
Stocks collect dividends.
Bonds collect interest.
Gold collects dust.
---
Buy gold maybe if you think you can make money on the short-term, but not to perserve wealth.
american stocks and bonds are high risk. asian stocks and bonds are better bet. they're cheap now. gold is safe for wealth preservation. i will go with gold but i will flip silver.
i used to live in neighboring country of vietnam. the commie government changed currency every 10 years to prevent people from getting rich. then people bought gold. it preserved wealth for my family. they stopped doing that to attract foreign investment.
germany knows something about hyperinflation and gold -- 1920s.
"In Jan of 1980 gold was selling at $850 per oz. Today with the almost 30 years of inflation since then gold would need to be selling for $2250 per oz to buy the same amount of goods."
u are right about this. the only reason gold not breaking the $1000 per oz barrier is because the government suppression. comex, nymex, goldman sachs and jp morgan manipulating it with government supports for years. precious metal manipulation is about to end soon. november 2009 will be the event.
gold itself is stable. it's the U.S. dollar that the government is manipulating. by driving commodities prices down u make the dollar stronger. stronger dollar means u can buy more with it. because the dollar is the world reserve currency the government can easily manipulate commodities. if i'm the president i would do that to. it's very beneficial to the dollar so long as the world believe in it. but once the world lose confidence it will be bad for the dollar. wage wars might give confidence.
silver will out perform gold. invest in silver. it is the most heavily manipulated of all precious metal. u will make more money by flipping it, just like flipping houses. if u just want to preserve your wealth then buy gold.
It's not like flipping houses, you can always build more houses. Imagine the spike in houses if you could only buy houses that were already built. Silver is going to pass gold, flip at your own loss. Buy and hold physical.
i am not flipping silver. i'm hold physical precious metal. we had housing bubble burst in june 2007 and financial crisis in sept. 2008. i expect some big event will take place around november 2009.
there is rumor of a big bank in chicago will bankrupt. it could be well fargo. it's just rumor. but we had 89 banks bankrupt this year i expect this rumor to be true since ALL big banks are insolvent. don't know how long can the government keep bailing them out without themselves bankrupt.
ur a unusual person peter , i hope ur not brainwashed by money too much , i hope the little people who can not afford gold or a meal have a place in ur world
sorry what..? physical world? i'm not sure what you're on about because your statements are so vague.. do you disagree with peter on these economic issues and his opinions that the government's failed policies are hurting the economy rather than helping it? or what. there's limited resources in the world that's a simple fact.. not everyone can have it just because they put their hand out, they have to give something in exchange. so again what "place" are you referring to?
spyletu how many of these ghost accounts do u have , be a human not a coward ghost account aright , what does ur comment have to do with mine , i like peter i was only asking a simple question , what is it to u and why get so belligerent when i was not talking to u a ghost account who hides their identity in shame and spews childish rants in frustration because someone questions the great gold and silver man ,who by the way is always asking for money ,don,t beat the wife cause ur mad at me
aight sorry everyone has his or her own version of psychotic rants. my point was precisely that if you really had a point of question, it wasn't really specific. i'm not really interested in how you define these subjective terms, if you wish to remain and talk to yourself, you may do so. what was that "ghost account", "be a real human" anyway, lol, sorry i can't figure out what's going on in there. peace.
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This guy is a blowhard and hack. He's been wrong so many times I lost count.
Hey Peter - you omitted telling everyone that when they took your advice to sell stocks and buy this past spring, they made no money and missed the HUGE stock market rally.
See the guru watch review on Schiff on Eric Tyson's website.
Yeah they missed out on the US rally so they could participate in Southeast Asian rallies twice the magnitude. What axe do you have to grind with Peter, he's made me good money. I'm doing better than anyone else I know personally in fact.
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Peter you made me feel bad of not buying at $16/oz. lol.... thanks for the great info.
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montyamoraa 1 year ago
SchiffReport my msn in profile! Gold & Silver rally
sexykatie90 1 year ago
This is why I am prepared to migrate to China and be a Taxi driver.... China will soon be the new super financial super power.. I guess I better start learning Chinese.
manny298 1 year ago
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I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months. Take a look like i did.... Visit: goldsave.co/
ManufactureBelief 1 year ago
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I listened to Robert Kiyosaki's advice on silver: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months. Take a look like i did.... Visit: goldsave.co/
JulMasters88 1 year ago
Gold and silver are good in a crisis but for what? They buy you food! FOOD! Peter is in Belize this week to start a new branch of his country. I just returned from there helping a group of families buy land to start a community there. Buy a little gold and a little more silver. Then buy a sustainable mini farm in Cayo with the rest of us. If your a Peter follower we will gladly welcome you in. Email me and I'll get you more info. Darinsmith@inbox.com
biospharms 1 year ago
Schiff was right all the time
Wittmann73 1 year ago
here we go end game time , the dollar is going soon very soon after the next false flag.
akparker1 1 year ago
Love you Peter!!!
Mmmmmwwwaaa!
mkmason2002 1 year ago
@americanjedi77
It's too late. It's done.
The whole western world is screwed.
pepintheshort100 1 year ago
! Thanks for all your informative vids. Protect yourself against inflation. Invest in silver now because it's going to go up alot over the next few years buddy. silversnowballdotcom/3085
madamoney 1 year ago
how did the world change so much from 1989 that china is more capitalist then usa
ricochetVendetta 1 year ago
thanks
goodday861 1 year ago
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unreallogic 1 year ago
It's so clear in my head. But virtually no-one i talk to can understand it. Like rabbits in a headlight!
raspberrybaggio 1 year ago
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if you need silver let me know, i'll give you the info. its a very good investment
lobsterbale 1 year ago
Should still buy gold ... it still rises in the stock market and looks to me as this proble will be our new currency considering most of the world is in debt..
Scar524 1 year ago
@Scar524 I agree...we need gold for financial stability. Silver as well. We can back our paper curency ourselves. I make money if it goes up or down.
eugenec770 1 year ago
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Theres less than 10 years supply of silver left on planet earth. See, Gold is horded and Silver is consumed. Since silver is a industrial precious metal it used in cell phones, computers, ect.. and the more "informational age" we become the more the demand for silver becomes. This knowledge mixed with Inflationary risk of the dollar means silver, no matter how you get it, it is a great investment. Check my channel then Hit my website to buy Silver under spot.
iforgotization 1 year ago
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Theres less than 10 years supply of silver left on planet earth. See, Gold is horded and Silver is consumed. Since silver is a industrial precious metal it used in cell phones, computers, ect.. and the more "informational age" we become the more the demand for silver becomes. This knowledge mixed with Inflationary risk of the dollar means silver, no matter how you get it, it is a great investment. Check my channel then Hit my website to buy Silver under spot.
iforgotization 1 year ago
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The Third Reich produced millions of 90% silver bullion coins. Each Nazi 5 Reichsmark coin weighed 13.88 g and contained exactly 12.5 g of fine silver. Almost half an ounze of silver in each coin. These coins are still readily available today! And besides their inherant value as silver bullion, they are also genuine Third Reich collectables thus adding to their value!
Heidelager 1 year ago
I am going to start store some canned food for emergency, which canned food are good / healthy to store?
urkingod 2 years ago
@urkingod stock up on chili.
seka1986 1 year ago
@urkingod how would you like to own gold at .40 cents on the dollar
eugenec770 1 year ago
its easier to buy silver but if you can buy gold under $1000 i would buy gold. buy silver has been low for a long itme and that could be cause theres just really not that much demand for it. Copper is still relatively low and its a limite supply with practical use and demand but if you really want protect against in foodprices are going to go up the highest since we import it all and everybody needs it.
punktillidie27 2 years ago
Hey, I'm young and ignorant. Is it better to buy physical silver or stocks??
EliteDoomer 2 years ago
@EliteDoomer Physical...gold and silver. $50 in Gold can convert to over $1,000 in cash. Physical is better and its in your hand.
eugenec770 1 year ago
Thank you for taking the time to share you sharing your hard won wisdom
thomaslecky203 2 years ago
India bought up a bunch of gold from the IMF
Seano71 2 years ago
This comment has received too many negative votes show
It just occurred to me that individuals buying silver is just what the Government wants. That way, when the price explodes, industries won't be able to buy it back at the going rate because it won't be cost effective to manufacture products at the price point for the average person. This will further diminish industry in the U.S. It will either drive them out of business or they will go over seas. A bad economy as a result, people will not be able to have children: population control!
MORCOPOLO0817 2 years ago
I'm taking advantage of the Gold and Silver dip to buy Xmas gifts - what a great idea - instead of throwing money away on consumable crap - give people something that keeps its value (and with more chance of gain than a lottery ticket).
Also, once your friends and family actually get a taste rather than just listening to us talk about it - they may start thinking about it more seriously - it may get the snowball rolling.
Every bit helps!!!!
mallamoozoo 2 years ago 2
ite petey lad that miracle hair grow seems to be workin
dangerous1portal 2 years ago
haha look at the 3 gay boys on the video responses
Frinky12345 2 years ago
Dips are irrelevant.
You need a boatload of silver yesterday.
Wait and you might miss the bus.
TeamLibertyExpress 2 years ago
I'm kind of bugging in my head..i bought a bunch of silver at 14 now i dont want to buy it for 19...should i wait to see if there a temporary dip or should i just buy???
AmericanValues321 2 years ago
hay i have 4 "the one ounch SILVER BULLET"999+fine how much u think itle cost in a couple years?
koreath 2 years ago
Comment removed
richykhan 2 years ago
message me to learn about this silver accumulation program i'm in. i'm able to earn silver far below spot price ($7/oz. now) and spread the word about this great investment at the same time!
schiff got me hooked on precious metals!!
tschumm 2 years ago
I feel like a squirrel gathering nuts for the winter. Im buying Guns, ammo, food, water,gold and silver. Winter is upon America. The squirrels that didn't get ready are about to starve and freeze to death.
bluediamond2077 2 years ago 4
Schiff is brilliant and spot on....
Breycor 2 years ago 12
he is always seems to be yelling out, hehe, makes a lot of sense though
Sivels 2 years ago
I'm addicted to bullion now. Scottsdale Silver 's bars have me stacking a lot now. Good insurance against this mess.
pinup22 2 years ago
As long as the treasury keeps printing worthless dollars to pay our debts to foreigners, the dollar will keep plummeting.
fineshot2000 2 years ago
Silver is at $17.70 as of 7:15 AM CDT.
Talic3Numismatist 2 years ago
Here in New Zealand Gold and silver is actually cheaper than it was before this recent rally, the reason being that the US dollar has lost more value against the NZ dollar than gold and silver have gone up.
It's crazy how far the US dollar has dropped, over 40% against the NZ dollar since the start of the year!
Excidium567 2 years ago
WOW GOLD IS CURRENTLY $1054 HOLY SHIT!!!!
at the end of this month it could be $1100 n oz
maybe by jan it will reach $1200-$1300
420bmxer 2 years ago
I'm a great believer in gold and silver, however, gold and silver prices should be much much higher now than they actually are. There is SO much manipulation going on the commodity market that if you're not a strong believer in commodities this would easily discourage you away from the gold market. Gold and silver WILL go up in the long term you just have to understand what is happening behind the scenes of the U.S economy.
gvarhelyi 2 years ago
Devaluing dollar (Inflation) + precious metal = Increasing value of said precious metal.
The fed is printing out money, giving it to corporations profiting off of the war and bankers via bailouts; essentially leaching wealth from the average joe.
jakigi 2 years ago
Weeres teh poggemanz!?
conker313 2 years ago
I came to this page thinking it was about Pokemon.
IComeAnon4 2 years ago 2
that show needs to die >.>
1: Ash sounds like he smokes(Yah, so I saw ONE episode, that's all that was on)
2: Same thing EVERY season with new characters/pokemon
ANYWAYS, thanks for keeping people up to date on stocks and other stuff =)
hunterofall 2 years ago
THank you for the info. I will plan to review that document at some time in the nearer future.
tesskansas 2 years ago
Brilliant! You have my vote :)
ClaudiaMontana8 2 years ago
This has been flagged as spam show
Get out of the dollar by Oct 25th. Dow will fall from 9500 to 4750 very quickly. Dollar based on the basket of currencies is currently at 70. It will drop to 40 late Oct into Nov.
Call me and save your wealth while you can. You'll regret it if you don't buy silver NOW!!!!
5 weeks left!!!!!!
hardassets2012 2 years ago
They can have my bullets first...
AllahConsciousness 2 years ago 5
I'm with ya on that. The government knows what they are doing, and they have the answers to the situations they have put into motion. All these "cash 4 gold." offers where people give old jewelery for money is bullshit. People are giving there power away and they don't even know it or don't care. The government knows this, they are the one how approved the offer from these companies....Think they don't know? that's bullshit........ Keep your eyes open people......
Bchilled 2 years ago 2
What happens with safety deposit box storage????
tesskansas 2 years ago
don't use them .......... keep it hidden at home to hand
GuildF40 2 years ago
Im an absolute N00B when it comes to commodities and precious metals. Where and how do I buy gold (or other metals) and where can I keep track of gold price chart?
Elbottoo 2 years ago
Elbottoo, There are many opinions about how to invest in gold. I won't try to cover them all but in a nutshell... Go to Kitco's website. There you will see the current price of gold and you can also buy physical gold coins. 1 ounce American Eagles or 1 ounce Canadian Maples are typical purchases. In addition to physical gold you can also buy gold stocks by opening an online brokerage account at a site such as Scottrade and purchasing GLD, GDX, DGP, and/or others. Good luck!
bolognadetector 2 years ago
Go to 24 hr spot price by kitco. Buy 90% percent silver kennedy half dollars. I use APMEX for my bullion purchases. I dont have any gold , but bought 3 monster boxes of eagles from Gainesville coins in Fla. @6880.00 per box in Dec. 2008. Just after they resurfaced on the market @9.27 oz. Doing quite nicely. Buy silver it is used up in industry and some day soon will be in big demand. Cheers mate.
skudlick 2 years ago
I keep a window open at coininfo (dotcom) for lives spot prices, silver:gold and platinum:gold ratios, and complete lists of popular bullion and coin prices, all on one page. They also have a very useful news crawl (linked to a bulletins page), and a public forum.
APMEX is a great source for US buyers (they can't ship out of country). On YT, check out Stellaconcepts, Davincij15, among others, for info. Hope that helps! =^[.]^=
Raycheetah 2 years ago
Per the US Coinage Act of 1792 (see the Wiki), a dollar is:
371 4/16 grain (24.1 g) pure or 416 grain (27.0 g) standard silver.
Anything else is unconstitutional. ='[.]'=
Raycheetah 2 years ago
Brilliant, Schiff's predictions are a good combination of psychology, economic fundamentals and years of experience. Its unbelievable how accurate he is!
Squarephex 2 years ago
Well said, Peter. Everything point you made sounds dead right to me.
ShillBasher 2 years ago
Peter you are running your mouth again. And just as you apparently lost your ass before, you are biting off more than you can chew again. It is YOU who doesn't know what you are talking about and time will once again prove you wrong.
123BDG123 2 years ago
I agree pro404!
gwapolaub 2 years ago
the chinese gov engouraging its citizens to buy gold n silver haha BUT china its got no "freedom" americA has WELL TRY N BUY GOLD IF U R SO FREE THEN u r NOT allowed to they are so much for BS freedom wake up guys u r owned by the bankers so are of course Most of your politicians gov news media EVERY US PRESIDENT THAT STOOD UP TO THE BANKERS WAS KILLED look it up from Lincon to Jefferson to Kennedy they have fucked up u r once great country for their profit do a search n see
polygamous1 2 years ago
The US has a history of confiscating Gold. When the government gets desperate, people with money will be safe nowhere.
latewire 2 years ago
I don't think you get it. As long as the silver is in China with ownership by a Chinese citizen, the wealth is consolidated to that nation.
China is trying to get/keep as many precious metals in their country as they can to protect themselves, and it is a wise strategy.
China is going to be an extremely powerful force in a very short amount of time.
rdubtheislander 2 years ago 4
i was watching the history channel some months ago, a show on the great wall. the last ming emperor was determined to finish the wall. he did, only problem was the national treasury ended up 4 million ounces of silver in debt. that was the end of the ming dynasty.
that show pushed me over the edge and into buying silver eagles & bars.
if the historic chinese currency is silver there will be immense pressure for same from that country - at every level.
planesranger 2 years ago
we are Not allowed to hold gold only in jewelery £1000 ring £20 of gold try buying silver n see they will NEVER sell u it what they will sell u is pieces of papers that you have so much silver n THEY ARE HOLDING IT try getting u r hands on it or even buying it at the right price ALSO to how many people do they "sell" u r silver the fraction of 10 banks loan out 10 times the ammount of money they HOLD true guys we are all robbed silly they got the wold by the balls only Russia owns its own bank
polygamous1 2 years ago
Inflation started with banks raising their APR on CC's,. When are we going to get our tax dollars back from the banker criminals,. WITH INTEREST,.and a penalty,. for having to bail them out in the first place,.
TheLivingDeadOne 2 years ago
another perfectly sound explanation from peter
wanderingeyes11 2 years ago
Gold over $1000 today. Get ready for $2000.
xlvba 2 years ago
awsom
kuul123 2 years ago
This guy is honest and realistic. This is why he will never be a senator.
TEHREALBOB 2 years ago 4
Peter sometimes believes so heavily in something that he doesnt realize that he contradicts himself.
Excuse me Peter, but what did gold do during OCT 2008 - FEB 2009 when the US dollar index ROSE from 78 to 89 or so? Well I will tell you. Gold went from 720 to about 990 or so.
So lets see, we have 15% RISE in the US dollar and at the same time we have a 38% rise or so in the price of gold. Hmmmm. How does this jive with the rise of gold as an inflation hedge, if the dollar is strengthening?
urbandigs 2 years ago
Not the Dollar strengthens but the Dollar exchange rate :-). It´s like several stones are falling but sometimes some stones are falling faster sometimes slower
grossleinbach 2 years ago
just remember that the dollar is going to lose 90% against the price of gold. but how much are the other currencies going to lose too? if we print money then china and all these other exporters want to be competitive, and they will reduce their currency
panther9mm 2 years ago
we are all being played by the world bank. don't believe it I'll prove it watch my vids. Scott (BUG)
believersunderground 2 years ago
I think its a combination of fear, hedging, and dollar weakness. Sprinkle in a little China, stock market drop, and looming inflation and WHAM!
bestsilverinvestment 2 years ago
Peter should try and manipulate the Market- get back at Goldman Sachs who is running the nation
marniespeaks 2 years ago
We certainly have had inflation recently but this is not keeping pace with equity destruction. Gold and silver recently rallied, IMO, due to sector rotation and not due to the inflation which BTW declined. We can have deflation with a rising gold price. Dollars are now worth more today than they did back when the market rolled over in Nov. 2007. Dollars buy more houses, cars, food, oil, DOW, S&P etc but not more gold. My point is that gold and dollars can rise simulataneously. This is DEFLATION.
ozziindaus 2 years ago
If only half of china bought only one ounce of silver the price of silver would ROCKET.
If china dumps the $ the price of silver will rocket.
IF IF IF IF
But you if you own physical silver none of the IF'S really matter.
IT WILL ALWAYS BE WORTH SOMETHING unlike paper.
And that folks is THE FACT most people don't get.
where will every one run to when the SHTF ?
P.M's as they have been here long before you and long after you and I have gone.
SWAP PAPER FOR PHYSICAL SILVER TODAY.
GuildF40 2 years ago 2
This time last year an electric chainsaw from China cost me $49.99. This year the same saw cost me $97.00.
This time last year a number 6 a Carl's Jr BIG, cost me $6.50. This year, today that same hamburger fries and a drink cost me $9.50.
It's not rocket science folks. The Government isn't telling us the truth about inflation.
And....watch the revisions. I've maintained that the Gov. is trying fake out the markets. But they have to report eventually, or somebody goes to jail.
joescarafone 2 years ago 3
Peter Schiff IS right!
Thrice13 2 years ago
Yes times infinitiy. This guy's got the right idea.
ClovisV 2 years ago
Senator Peter Schiff of Connecticut!!!
luxuryglow 2 years ago 2
backlighting with lamps is a no no for production quality...makes your face appear purple.
Get a little help on production values Pete!
phxfreddy 2 years ago
Ok, If we are going to have an outright crash with our currency, it will happen in an instant and take a day or two to filter down to us on the bottom of the pyramid. That does not mean that it will happen tomorrow or at all, but if you pay any attention to what is happening domesticly with the dollar, and have logic, you know that the dollar is being diluted. Now is not the time to point fingers, lest you want to wear out your finger. See to your loved ones and be a good scout-be prepared.
bigkahuna132 2 years ago
Hi, You have got lucky that u have Peter. Im writing from Poland and im wondering what effects will be for polish economy when dolar will lose his value. I will be very grateful if someone can help me. (sorry for my bad english...;)
bronxmaster1 2 years ago
Jin Dobre. I think the dollar crash will affect all countries around the globe, but I think China, japan and a few others will recover but not so sure about Poland - I assume it will be affected like any other European Union nation. I heard one source say that the UE and euro will fall apart. If I were you I would keep some gold/silver as it's real money. I am Polish but sorry I can't write.
jamezbond78 2 years ago
LOL! The printing of money IS inflation. Plain and simple. Inflation does not neccesarily mean a rise in consumer prices. You can have inflation without higher prices but not for long. Expect Gold and Silver to rise more. They are both a discount still when you consider all the money that has been printed. Not to mention the end of this year brings another stimulus package!
clearasvodka 2 years ago
Gold will hit 5,000 within 10 years
commonsense2008 2 years ago
commonsense -
Schiff earlier in 2009 said gold would go over 2000, maybe over 5000, before the end of the year.
The 2000 was a crazy prediction, but 5000 was insane.
Now you saying gold will go to 5,000 in 10 years is more reasonable, but of course some people are saying we'll have hyper-inflation over the next 10 years & it's possible - but if $1000 worth of goods then cost $5000, gold going from $1000 to 5000 only puts you even with no income in the meantime.
DillonX 2 years ago
Agreed, gold is maybe a tool that will help people to survive, doesn't mean you actually make profit, you just don't lose as much money.
But I am even skeptical about investing in gold right now. There is a chance we won't even be allowed to trade in gold 10 years from now. Globalists are pushing World banks, world currencies. God only knows what we are heading down to.
commonsense2008 2 years ago
heymisterderp
You indicate you like gold because of its non-destructive properties
But this actually works agst it as a long-term investment
Price is based on supply & demand & with most products the supply varies from yr to yr
But with refined gold the supply is greater this year than last year & will be greater next year (as it has been for many centuries).
And since most of the gold is in jewelry in a depression much of it'll come on the market as it's not the best thing to eat
DillonX 2 years ago
I'm not talking about gold as an investment, I'm talking about it as a basis for the dollar. But if you'd prefer to talk about gold as an investment, just look at its appreciation over the past 100 years and it's obviously a worthy inflation hedge for any portfolio. Granted the ridiculous policies this government is engaging in, and an inflation hedge is more important now than at any other time in history and will continue to become moreso.
heymisterderp 2 years ago
People say that silver is consumed, and that the supply is lower than gold. If it is in jewelry, do they consider it consumed?
panther9mm 2 years ago
The term "dollars" are actually Federal Reserve Notes. If people understood how the Federal Reserve actually worked they'd think twice about these "dollars" they can still use as money.
heymisterderp 2 years ago
I didn't know Schiff had a youtube channel. Schiff is the man.
TillThenPlease 2 years ago
kevin --
I believe I'd buy US company stock before I'd buy stock in a Chinese gold mining company.
As far as I know all gold produced in China must be sold to the Chinese government & the government sets the price.
If that remains the case, I don't think I'd like to depend on what the Chinese govt will pay.
DillonX 2 years ago
don't buy gold, the government is just gonna confiscate it.
curtishawkley 2 years ago
If I buy China mining stocks will that protect the future devaluation of my US dollar?
kevinbacon6451 2 years ago
There's not gonna be hyper-inflation. Peter Schiff is just trying to get people to be stupid and buy gold right before the govt. confiscates it. That's his job. I don't give advice but I'll tell you what I do. I got some mining stocks and a few others that are way over-sold but if you're in doubt just cash out. The dollar's gonna be gaining value, just my opinion
curtishawkley 2 years ago
The world is moving away from the US dollar. It's going to be a very sudden event when the largest governments of the world turn their noses up on the dollar and when that happens, Gold is going to soar higher and faster than you can imagine possible. Bailing on (not out) the dollar isn't good for the dollar. We're losing the fight (non-fight) to keep the dollar relevant in international circles. Sorry. :(
heymisterderp 2 years ago
lemme tell you something. When 99% of everybody agrees that something's gonna happen then the exact opposite is gonna happen. The dollar is going up.... but, yeah, the stock market is gonna crash like nobody's ever seen before.
curtishawkley 2 years ago
When 99% of everybody makes something happen it's gonna happen. Market moves on nothing but sentiment are always slave to market forces eventually. You're talking about the speculative, emotional nature of the markets and nothing else. Using nouns like "something" is too broad to make your claims valid, to the point that you're speaking in platitudes. When there are no more bulls to get on the boat, the market comes down. When there are no more bears to get off, the market goes up.
heymisterderp 2 years ago
Don't get me wrong....we need currency and do need gold. For most of us there is no getting around the need to be able to purchase and pay bills. However, some things are equally important as gold or currency. If we are alive next month, one certain thing is that we will need to eat. Don't forget to stock up on food and other necessity's like tp! It is 99% certain that food prices are going to soar, so at worst you are buying now for a lesser price. It's as solid an investment as gold
imsailing2 2 years ago
imsaling2 - I'm not gonna argue w/ your pt.
But we might note that during the Bush Adm the price of gasoline, electricity, bread, meat, milk, meats & fresh fruits & vegetables (things we all need) all increased by 300% (truly staggering - especially considering wages were flat!)
And during the time Barack has been in office prices have dropped (Soc Sec ppl not happy w/ no increase this yr in payments).
DillonX 2 years ago
DillonX - go ahead and make your partisan point. Yes, there was inflation during the Bush admin. He screwed up the economy, no doubt. But to try and say that somehow Obama has caused prices to drop is just asinine. It sounds like you are suggesting there isn't going to be inflation? Obama has spent exponentially more than ALL other presidents COMBINED IN THE HISTORY OF THE U.S. You little Obamites keep hammering away with your attacks on Bush, just see how far it gets you in the next few years
imsailing2 2 years ago
Hey this isn't about the upcoming Japanese release of Pokemon Heart Gold and Soul Silver, it's just some conservative fuck talking about shit!
Joe402 2 years ago
Some people assert that gold & silver are "real money".
May I advise that tulip bulbs, rocks, beads, and other things have also been consideration "real" money.
DillonX 2 years ago
metals -
You state that the Chinese government is trying to dump some of its gold holdings on the people of China in exchange for paper money (China did invent paper money).
What makes you think this will cause gold to go up in the International markets?
DillonX 2 years ago
Amirt -
I don't agree w/ you on several pts.
You said Shiff is a genius, but he said gold would be over $2000 by 12/31/09. I said at the time that was insane. We'll see who's correct.
Last time gold went over $1000 China opened more gold mines to take advantage of the price & I look for them to again should gold hit $1000.
I see no $2000 by year's end. I think it's nuts.
DillonX 2 years ago
Peter said that gold "could" go to 2k before 2010. He may still be right. China just 2 days ago allowed their citizens to buy silver and gold. Watch the price of metals SKYROCKET. Buy now or "you snooze, you lose."
metalsful 2 years ago
This guy is a genious, I want to give you a high five from Canada for
1)Being right on the Long/Short USD/Gold trade breaking down
2)right on the economy
3)slamming cnbc like no tommorow
I think they are also buying gold like start of 2009, when GOLD and USD were both trending higher remember?
Because slow growth, low yields, and stagnent stocks, gold is the best play to go long in a sagging economy and heading towards inflation
AmritSinghAuja 2 years ago
khmer--
Although gold CAN be used in a number of ways - most of those ways have substitutes.
And almost all Gold that is used each year is used for jewelry - which can easily be brought back into the market place should the price of gold go too high.
DillonX 2 years ago
chinese make $2 a day,thats not alot of G&S.Not the citizens,the upper class.
creten69 2 years ago
so what is the practical value of gold??
turtleblues66 2 years ago
turtleblue -- you ask:
What is the practical value of gold?
Unlike silver, it has almost none
You can look at it on a person (more people are switching to silver with gold close to 1000) & as something to look at in a vault
Last time gold went over $1000 people in Indiia (traditionally gold has been popular w/ the Indian ppl) started unloading & I predict they'll again if gold passes $1K - there's really no practical reason to keep it.
DillonX 2 years ago
I agree with you, gold really has no practical value. What can you really do with it besides make earrings etc? Minerals like coltan are realistically more valuable...
turtleblues66 2 years ago 2
uses of gold:
as wealth reserve
as money
in art
in decoration
in jewelry
in thermal heatsink paste
in food decoration, yes u can eat gold
in electronic (but would be too expensive and wasteful)
as u can see whatever u can use in silver u can also use for gold. gold is very valuable. remember, gold is wealth. history of humanity recognizes that.
KhmerD0g 2 years ago
Art, jewelry and decorating food seem like frivolous luxuries that are not valuable nor practical. In tough economic times gold is the last thing you want to put your money in....
turtleblues66 2 years ago
rich people do all sort of things with their gold.
put your money in gold as a way to preserve your wealth. dollar will become worthless. u want to hold that junk?
KhmerD0g 2 years ago
gold is wealth
buy gold to preserve wealth.
that is the main purpose of gold
KhmerD0g 2 years ago
gold is a melted rock
laosuwan 2 years ago
actually, gold is a metal, not a rock.
JojahBoy 2 years ago
Thank you Doctor Science.
laosuwan 2 years ago
Paper is a shredded tree. It withers away in time from heat, moisture, grease, dirt, and oxidation. Gold is the most resilient of all metals to the destructive properties of the oxygen in the air, so even scientifically, it makes the perfect medium to base a currency on.
heymisterderp 2 years ago
Thanks for the geology lesson. So, then what you are saying is that air should be currency. because its more powerful than gold. I guess air would be easier to send by Western Union than gold or paper, anyway. Thanks for clearing that up.
laosuwan 2 years ago
If you want to get technical, yes, if air were in great shortage, it would be worth more than anything, because that's what we breathe.
wsarris424 2 years ago
Oxygen comes from...trees. You know, shredded paper. Therefore paper is the ultimate medium. Nice chatting with you.
laosuwan 2 years ago
Except that one can't easily turn paper back into a living, oxygen producing tree, so by producing paper, it loses all of its actual value.
Plus paper is not as durable as gold. But it is much more practical to handle then heavy gold.
joeseth05 2 years ago
You cannot make more gold but you can make more trees.
Also, you might want to look up the word repartee in the dictionary. You are taking this much to seriously for it to be fun for me
laosuwan 2 years ago
Well, then as you know, if the trees are cut down at the rate they are being cut down, we may see a shortage, and I said..... if....since its not, there you go
wsarris424 2 years ago
Khmer --
You shouldn't buy gold to preserve wealth.
In Jan of 1980 gold was selling at $850 per oz. Today with the almost 30 years of inflation since then gold would need to be selling for $2250 per oz to buy the same amount of goods.
So you would have actually had a dramatic decrease in wealth.
And as John Keynes said:
Stocks collect dividends.
Bonds collect interest.
Gold collects dust.
---
Buy gold maybe if you think you can make money on the short-term, but not to perserve wealth.
DillonX 2 years ago
american stocks and bonds are high risk. asian stocks and bonds are better bet. they're cheap now. gold is safe for wealth preservation. i will go with gold but i will flip silver.
i used to live in neighboring country of vietnam. the commie government changed currency every 10 years to prevent people from getting rich. then people bought gold. it preserved wealth for my family. they stopped doing that to attract foreign investment.
germany knows something about hyperinflation and gold -- 1920s.
KhmerD0g 2 years ago
"In Jan of 1980 gold was selling at $850 per oz. Today with the almost 30 years of inflation since then gold would need to be selling for $2250 per oz to buy the same amount of goods."
u are right about this. the only reason gold not breaking the $1000 per oz barrier is because the government suppression. comex, nymex, goldman sachs and jp morgan manipulating it with government supports for years. precious metal manipulation is about to end soon. november 2009 will be the event.
KhmerD0g 2 years ago
Right on Brotha!
Cheyemos 2 years ago
KhmerDOg - why would you wanna invest in gold if you believe the price is greatly manipulated by the gov't?
DillonX 2 years ago
gold itself is stable. it's the U.S. dollar that the government is manipulating. by driving commodities prices down u make the dollar stronger. stronger dollar means u can buy more with it. because the dollar is the world reserve currency the government can easily manipulate commodities. if i'm the president i would do that to. it's very beneficial to the dollar so long as the world believe in it. but once the world lose confidence it will be bad for the dollar. wage wars might give confidence.
KhmerD0g 2 years ago
DillonX:
silver will out perform gold. invest in silver. it is the most heavily manipulated of all precious metal. u will make more money by flipping it, just like flipping houses. if u just want to preserve your wealth then buy gold.
KhmerD0g 2 years ago
It's not like flipping houses, you can always build more houses. Imagine the spike in houses if you could only buy houses that were already built. Silver is going to pass gold, flip at your own loss. Buy and hold physical.
thecomicsitedotcom 2 years ago
i am not flipping silver. i'm hold physical precious metal. we had housing bubble burst in june 2007 and financial crisis in sept. 2008. i expect some big event will take place around november 2009.
there is rumor of a big bank in chicago will bankrupt. it could be well fargo. it's just rumor. but we had 89 banks bankrupt this year i expect this rumor to be true since ALL big banks are insolvent. don't know how long can the government keep bailing them out without themselves bankrupt.
KhmerD0g 2 years ago
LOL
wholegrainporn 2 years ago
It all depends on what time period you want to look at.
Over the long-term gold & silver have underperformed the DOW and RE.
Remember Gold was selling over $1000 an oz & Silver has sold for over $50 per oz. If you bought at those prices you've not done well.
If you want to purchase gold or silver as a short-term investment, then roll the dice.
I'm particularly bearish on gold & don't believe it'll be over $2000 per oz by the end of this yr as Schiff has predicted. I think that's insane.
DillonX 2 years ago
This has been a good week for me and my 400 TOz of silver.
ChichiriMuyo 2 years ago
ur a unusual person peter , i hope ur not brainwashed by money too much , i hope the little people who can not afford gold or a meal have a place in ur world
BeautifulGirlByDana 2 years ago
ur?
neo307a 2 years ago
neo307a - what is your point
BeautifulGirlByDana 2 years ago
sorry what..? physical world? i'm not sure what you're on about because your statements are so vague.. do you disagree with peter on these economic issues and his opinions that the government's failed policies are hurting the economy rather than helping it? or what. there's limited resources in the world that's a simple fact.. not everyone can have it just because they put their hand out, they have to give something in exchange. so again what "place" are you referring to?
spyletu 2 years ago
spyletu how many of these ghost accounts do u have , be a human not a coward ghost account aright , what does ur comment have to do with mine , i like peter i was only asking a simple question , what is it to u and why get so belligerent when i was not talking to u a ghost account who hides their identity in shame and spews childish rants in frustration because someone questions the great gold and silver man ,who by the way is always asking for money ,don,t beat the wife cause ur mad at me
BeautifulGirlByDana 2 years ago
aight sorry everyone has his or her own version of psychotic rants. my point was precisely that if you really had a point of question, it wasn't really specific. i'm not really interested in how you define these subjective terms, if you wish to remain and talk to yourself, you may do so. what was that "ghost account", "be a real human" anyway, lol, sorry i can't figure out what's going on in there. peace.
spyletu 2 years ago
remain so*
spyletu 2 years ago
golds not up it never went down
banjojambo 2 years ago
It started the week at around 950ish. It's up at 994. Around 10 months ago it was at 750ish. I don't know, but it sounds "up" to me.
Robert697 2 years ago
i made a lot of money thanks !
msegreto2 2 years ago
great video*))
I posted it on dailypaul(dot)com where rEVOLution has home.
campaign4liberty 2 years ago
Comment removed
Tombo241 2 years ago
Peter's new book is coming out soon: Crashproof 2.0. Reserve your copy on Sept 22nd. schiffbookbomb(.)com
Tombo241 2 years ago
Peter Schiff was right!
Peter Schiff for SENATE!!!
Vunks2000 2 years ago
This comment has received too many negative votes show
This guy is a blowhard and hack. He's been wrong so many times I lost count.
Hey Peter - you omitted telling everyone that when they took your advice to sell stocks and buy this past spring, they made no money and missed the HUGE stock market rally.
See the guru watch review on Schiff on Eric Tyson's website.
CTTRUTH 2 years ago
Yeah they missed out on the US rally so they could participate in Southeast Asian rallies twice the magnitude. What axe do you have to grind with Peter, he's made me good money. I'm doing better than anyone else I know personally in fact.
bobjman 2 years ago 2