Peter Schiff 9/25/09 - CNBC Squawk on Street

[alCIAdadidit]

The only thing Peter may have been wrong about here was saying that the Japan government is saying its a good thing to have a stronger yen. They're still to this day trying to weaken the Yen, which I think is a bad idea for the future of Japan, and I think Peter would agree with me.

[eliden]

gold is at supression low, i think i will buy more.

[phantomcharger]

So their argument is that the government doesnt want that (the dollar to fail) and thats why it wont happen...,

thats a fools stand,

Im going with Schiff, fuck those clowns.

[quietstormprod]

SCHIFF ROCKS!!!! =)

[yoshi3329]

Peter talks a lot about gold and silver and I'm all for that but what about gems and pearls?

[EXCLUVELY4HOTGEEKS]

Surely those will rise in value but there is no liquid market to trade those.

[gammabun]

and magic balloons?

[mythrail]

Gold and silver make good, difficult or impossible to counterfeit, coins. Since ridges have been introduced, shaving is no longer possible.

Gems are too delicate to use as a currency, too difficult to shape, and difficult to verify authenticity.

Since gems have no real use as a currency they will probably not raise in price as rapidly as a tried and true currency like silver or gold.

Gold and silver make good inflation hedges because they can be used in place of fiat currency in a pinch.

[yoshi3329]

Thanks for the advice excluvely4hotgeeks, and mythrail.

[doobsta]

gems and pearls will go down in price...

Look what is happening to diamonds...

Gold and Silver will be buying alot more of both in the future...

Gold is MONEY...this will be becoming more apparent in the future.

[ecnerwal999]

Why would anyone want their currency(what they save) to go down in value? Makes no sense, you want ur savings to gain in value not lose value. China would be much better off letting the renminbi rise. The only reason a weak currency helps the exporters is because the citizens are so poor they can't afford anything, but that's just a stimulus for the exporters it doesn't help the country.

[katiatomsk]

Wow, Peter really came out strong and confident.

I hope he wins for Congress. Wake up Connecticut and vote for a real man who can do some good.

[JoeyPencils]

Why do these TV guys have to give PS a lil dig (...never met a greenback he liked)...very unfair. Just do your job.

[DaveIrie]

"Their currency strength is undercutting their own recoveries" - what?

[ThizzFaceOffNike]

discount lol on what?? spot?