Ignorant and stupid. That describes your last two posts. What he said was Gold:Dow will be a 1:1 ratio just as it was in 1980. (Mid Jan. 1980-Gold $850, Dow Jones 840). Never once does he refer to the year long "AVERAGE". We are in the beginning of this wealth cycle which means even if Gold is 20% of the Dow now, the cycle isnt even close to over. It's ignorant people like you who are running our government and are gunna fuck up the world financials. Have fun wiping ur ass with US dollars soon
What if there were truly a secret that nobody knew about with respect to the Gold trading? And what if the very thing everybody thought were true about Gold trading, was actually the exact opposite of the truth? Come visit our website and learn the secret that produces 90% success ratio just Google Gold trading Academy.
I'd have to vote all four of those bungholes off the island." What if the economy grows?"If you move your hands back and forth fast enough you might fly. But neither of those things is going to happen.GUARANTEED! Buy silver
The price of gold and the Dow Jones average were NOT 1:1 in 1980. The Dow Jones average was almost 50% higher than the price of gold on average in 1980. Once again, Schiff is wrong. "Gold could hit $10,000." Anything COULD happen; but gold hitting 10,000 isn't one of them. It hasn't even reached 20% of that figure. Once again, Schiff is wrong. And by a factor of 5!!!
@goldenthroat86 You have absolutely no idea what you're talking about. Gold was actually more than the Dow Jones average in mid 1980. What you're looking at is year-end prices in 1980. And since the Dow:Gold ratio went all the way up to 50:1 in 1999, its going to cross way over the mean. Gold will be double the Dow at some point in the decade.
@mgross7668 Peter Schiff didn't say mid 1980 and neither did I. We referred to ALL of 1980. The AVERAGE for the Dow in 1980 was 892..it wasn't the "year-end" price. The ACTUAL year end Dow for 1980 was even higher... 963.99. As you can see, the AVERAGE price of gold in 1980 was significantly lower than both of those figures. These figures are readily available on the internet. I suggest actually reading someone's post and doing RESEARCH instead of pulling things out your ass.
Peter is using logic that one can learn from basic macroeconomic principals 101. I learned all of this in undergrad. But I gotta say his accuracy is so dead on, its scary. Yet to this day when he speaks on business networks, they still laugh at him like he is lunatic. Doesn't his track record show that he is right?
They are still treating Schiff like some lunatic, you can see it in their body language. Boy look at the style of panelists these days, slick, agressive, overconfident. Like they came out of a mafia meeting or something, haha.
Schiff is a logical man who understands monetary history. Gold is in a bull market, and the fiat dollar is dying. There is no historical example of a fiat currency like the dollar NOT dying. The signs of the dollars death are here now. Buy physical gold and silver.
We have half-socialistic society that works. Our healthcare system is seven times more effective than your private healthcare system. Our entitlement, public healthcare and education spending of the budget is below 50% and we use only 2% of our budget to defense (the US gov uses more than 20%). Our total tax rate is only about 10% higher than yours one.
The USA is a ridiculous country.
The USA should cut defense spending by 500 billion, create a value added tax and there will be no deficit.
The most of the Americans look stupid. It's just way too different world compared to the Western and Northern Europe. They spend, we save. They consume, we produce.
Look at these TV interviewers. They've got their Ivy League degrees but they're still dumb. I bet that the average IQ in the USA is below 90 whatever they say.
on god this panel is blahhh.... currency exchange rate between euros and dollars? It's like comparing a bad apple with another bad apple! they are both WEAK w/ nothing to back them up but DEBT! Our economy is = every body let's charge and max out our credit cards!
Hi, I will show you how you could make a lot of easy money uploading youtube videos. Search for some royalty free music or sounds. Upload them to Rapidshare. Then sign up with bee4biz (Just Google it) and use them to lock your download link. Make videos showcasing your free download and post protected download link in video description. bee4biz pays you each time people complete a survey to unlock your download link. They pay weekly via PayPal.
Hi, I will show you how you could make a lot of easy money uploading youtube videos. Search for some royalty free music or sounds. Upload them to Rapidshare. Then sign up with bee4biz (Just Google it) and use them to lock your download link. Make videos showcasing your free download and post protected download link in video description. bee4biz pays you each time people complete a survey to unlock your download link. They pay weekly via PayPal.
Good day, I will tell how I earn tons of cash protecting links and youtube. Find some royalty free tunes. Upload them somewhere. Then sign up with bee4biz (Google it) and lock the download link with them. Make videos showcasing your free download and post protected download link in video description. bee4biz pays when people complete a free survey to unlock your download link. They pay well and they pay weekly.
You can discover how to recycle and recover gold, silver and even platinum from a surprisingly large variety junk and scrap that people toss out all the time.
There’s a program that shows you how and where. Go to scrap4treasure.
Spot price for an ounce of gold is over $1500 and for an ounce of silver over $45. That's good extra money for anyone who knows what to look for.
Here we are less than a year later and gold is spot price $1486.40, you can't eat it, there is no demand except for people who want to buy it. They did not talk about silver, currently at $43.05, also because people would rather eat iPads than food. CNBC, home of fake experts and press titutes.
@DylanRWirtz You moron. The dollar was 104.5887 in May 2010 on the Fed's nominal dollar index. In June 2010, it was 105.1851. The dollar went up after this video was made. Now the dollar is 97.9930 on the Fed's nominal dollar index. The dollar has merely fallen 6%. Schiff is hysterical. US trade deficit was 3.5% of GDP with low core inflation and 9% unemployment. Anyone who knows basic economics knows that means the dollar is too strong, not too weak. You're a idiot.
@worldnewsbbc1 Four month later, gold at $1890 an ounce and the economy and the US dollar is in the toilet. Any more brilliant predictions from your end? It is the investor's who don't own one ounce of gold who are crying the loudest about gold prices imminent crash. Better dump your HP stock and buy physical metal while you still can.
If gold go's up to 10 grand an ounce. The world will be in some deep do-do. It won't matter because people will be fighting in the streets for food. There's a point where even gold won't be do you any good. The only commodity that will mean anything will be food.
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.
Unlikely to happen since Austrian Economics is fast becoming popular especially because of Ron Paul & Schiff
Further, lets say it did happen; still $1500 is just an arbitrary price; paper-money is an arbitrary concept, the REAL question is let's say I'm able to buy X% of world's goods/services TODAY with gold I own, will I be able to buy the same or more IN THE FUTURE & answer ALWAYS is YES; further, gold is actually underpriced right now with all "paper-gold" around.
@lomocan You’re forgetting one important detail. These same men, who sell you this gold, also write the rules. They get you to play their game, a game which cannot be won when you play.
Do you really think that JP Morgan choosing the word “CHASE” was a coincidence? You can chase that carrot some even catch but very few and even fewer get to keep it. The only way to win is not too play their game.
Please take a look at executive order E.O. 6102 before you finalize your decision.
And....... your suggestion is hat we hold on to the paper-money which is ALSO controlled by them? If we do that we're dead anyways, buying gold at least gives us a chance.
"They" will control everything when government has the power to do everything that's why government's power ought to restricted first as suggested by Founding Fathers & Constitution. We also need a REAL gold-standard WITHOUT Fractional-Reserve-Banking, then can't manipulate shit
I would never suggest you hold on too "paper" that would be very foolish. You looking at gold as an alternative, and that isnt the answer.This Gold game has been played before, and has made a few very wealthy.
They write the rukles on the fly, to play is too lose. There is another method, a level above those writing the rules.
I would never suggest you hold on too "paper" that would be very foolish. You looking at gold as an alternative, and that isnt the answer.This Gold game has been played before, and has made a few very wealthy.
They write the rules on the fly, to play is too lose. There is another method, a level above those writing the rules.
Schiff is being too conservative. The upper limit for gold is infinity. Can you imagine the price going to infinity? That is where it is going because the dollar is going to become worthless in our lifetime. Before the babyboomers start falling on the entitlements the system will collapse. If you have your wealth in US Dollar or the stock market you are sure to lose everything. Quit paying taxes and move money offshore if you have any sense. There is a mass rebellion now you will not be alone.
"The upper limit for gold is infinity. Can you imagine the price going to infinity?"
There's no such thing as "gold hitting infinity", if we'd ONLY 1 ton of gold in whole world, it'd be AT MAX worth all goods/services in the world, it can NEVER be "infinite"."Dollar" is an arbitrary, meaningless concept; for eg. if gold hits $10000, it'd just mean that whatever % of world's goods/services cost $1500 TODAY will more or less cost $10000 THEN, due to inflation, that's all.
@lomocan You don't understand. The dollar will become absolutely worthless. That means that even a truckload will not buy you a strand of 24k gold let alone food and clean water. You can bank on funny money federal reserve notes all you want. I've been in gold since it was $450 and ounce and I started buying silver at $5. Last time I loaded up on silver was $17.5 an ounce. Not only have I bought metal, I have been building up US dollar debt at less than 7% APR for the past 5 years. Let it burn!
I don't know why you're tellng me this when I'm saying people should buy gold & leave dollar. I've merely pointed out your logical fallacy that "gold will infinity" since nothing of that sort will ever happen, if hyperinflation hits then gold might go into tens of thousands, millions, billions, whatever but there's no such thing as "gold hitting infinity".
@damienrockaterror nope but it is a good way to get out of debt that you owe in USdollars. Simply run up the debt in USdollars purchase enough gold and silver to counter. Exit at 1:3 ratio. peace of cake.
Anyone in office now can't fix anything. They broke it! Any parent that tells their kid that retirement is a good thing, that welfare should take place of charity, and that you never have to worry about your security or fire or health or your education b/c the government has your best interest at heart should be flogged. This philosophy has lead to the ruin of a once great nation.
@stevenkleo, I agree and have been told that's why Silver way to go. It will be reasonable to make change for a 100$ coin but a 4000$ coin won't be so easy. Some forecasters call for 300$ silver. Peter says in one interview that other things like TP and LP tanks or even vodka could be a barter item. I say Seeds.
I agree, GOLD could go up with all the inflation, let's say gold will hit $5000 and you want to ged rid of it. Will you be able to find people who will be interested in purchasing your gold? It's not a problem to buy, it's a problem to sell
@shiffreport, with more mortgage mess coming soon and the Fed with little ammo left how much longer before the bottom falls out?you are the man when it come to market directions. Now can you tighten up your timeing predictions? I'd like to be in Belize before it hits:)
The main thing that drives me crazy about these economic talking heads on tv is that they never want to learn the correct economic theory. They never admit when they are wrong or change their opinions when they're wrong. Just insanity.
CNBC guys wow they are idiots listen to them when they're done interviewing Schiff. "Wow that Schiff guys is really crazy and says some silly things, but he is right.....some times."
The panel is completely in the dark. They have no idea on whats really going on with the economy. They have to hate it, underneath, when Schiff comes on because they always end up looking like they got tasered,
Scottsdale Silver is where I buy now. Better prices and they take credit cards. Just pure bullion, no silly collector crap, and no need for a broker. All online.
now they respect schiff a little bit more. He should act more calm but he is just dumbfounded that people dont get his message. All that US has is dept you cant run country on dept forever
what Peter should have said is that gold keeps its value, so it doesn't matter what the price of gold is in dollar terms, it will always buy the same amount of things...he needs to keep it simple for these dolts
Like he said he has been at this for 10 years. America will NEVER crash, that is a conspiracy theory! People"greatest depression" since the 70's and still nothing. The dollar is GOLD in a since because through all this inflation peoples faith still holds with the dollar. IDK WHY? The economy will never crash and he will be saying it will for the next 20 years. However gold is a great investment because of the inflation that is going on.
@lorenzo8500 your right. He tries to say 'if the economy gets better (hahaha), then gold will bust. Even if by some miracle , the economy did, me thinks that Gold divorced itself from the currency
@nota2cdtime You are utterly, overly, and inaccurately optimistic in my opinion. I really do hope that you are right, but the math does not add up at all. Peter Schiff, Marc Faber, Max Keiser, Jim Rogers, William Engdahl, etc. Schiff was and is right.
@slhines7 My apology: I didn't include a footnote of sarcasm. The math tells of unsustainable woe for the future. With the exception of the round of names you fired off, the culture is stuck in a historically referenced denial pattern.
googoo: "what if the economy grows?" [cream pie to the face]
peter schiff: "what if elephants sprout wings, will they be able to fly"
"there's a sucker born every minute. a lot of them are on wall street"
the groupthinking of the ever bonding economist moths just dumbly sucking out the liquid through their collective proboscis until they reach dry. applying no mental application to how liquid becomes the state of liquid.
why do so many sound bite so aggressively? he said "now i might have to say instead of $5k maybe it's going to $10k". that wasn't concrete as a statement, but more of an off hand sarcastic probable.
@v1f9 cowards, being used in the wrong context. how are people who take knowledge, making their own connections with this information, become cowards?
You will still need something as a store of value (aka MONEY), that is what precious metals have been doing better than EVERYTHING ELSE for 1000s of years.
@deepfriedking Exactly. Guns/ammo can't protect the rest of one's property. Means of self-defense are more valuable than any precious metal. I'm bullish on gun maker stocks AND gold, silver.
I feel bad for Schiff. having to talk with those total retards. It's like they pulled off a bunch of jocks from a baseball team. And they thought using those ridiculous shirts would make them look smart. Did they even need four of those guys? Oh, I see what u did there.
@puttefnask Kinda sorta. There is no question that these people now listen to Peter where about three or four years ago they didn't. They respect Peter for his opinion now.
They admit, at the end of the interview, that Peter Schiff has been right. THEN WHY AREN'T THEY LISTENING TO HIM. INSTEAD OF ARGUING WITH PETER, FOLLOW HIS ADVICE! ARGH!
Hey Vinny quit using your hands to talk!! sheeesh where did they pick this group of losers to inteview Peter Schiff....looks like Brooklyn let out its worst to interview this guy
When I responded to this video the ratings were 235 to 1 for Peter Schiff vs. the slackers. These people have been wrong since at least 2005. When will they listen to him?
@rentonsentinel You are exactly right on this. These people are joker's for not listening to him. I mean he isn't stupid and didn't get rich by being stupid..
Some prediction! Everybody knows that the price of gold is the barometer of the world's economic health and confidence. When people worry about the economy and the state of the world in general, the price of gold goes up. When they are confident about these factors, the price goes down.
Peter Schiff did predict the economic collapse when all the"talking heads laughed. But so did I. Any FOOL could have seen it coming. Does that also make me a "prophet" or a "genius"? I don't think so.
I wish Melissa Lee and Becky Quick would just put on some heels and something tight and just walk around. I'd watch that. These morons with their half-baked stats and cheerleading the dollar are just laughable.
@albuddy hah, so true. All the focus was only on US, but now, with Europe, they are really starting to see what the real deal is with all this paper money.
Bankers jailed, sued as Iceland seeks culprits for crisis
AFP
May 12, 2010
More than a year and a half after Icelands major banks failed, all but sinking the countrys economy, police have begun rounding up a number of top bankers while other former executives and owners face a two-billion-dollar lawsuit.
Since Icelands three largest banks — Kaupthing, Landsbanki and Glitnir — collapsed in late 2008, their former executives and owners have largely been living untroubled lives abroad.
What is really sad he would be great in the US Senate, however that will never happen in Connecticut because of the Dem machine will put in Blumenthal in and continue the BS
A word of caution, be mindful of where you keep your gold. Anyone remember 1933? Exec. Order 6102? I for one wouldnt keep my gold within ANY institution. I would keep as much physical gold as I possibly could in places known only to me and my family. As history seems more and more likely to repeat itself.
It might go to 10,000 USD but how much buying power would that have? I'm curious if any of you guys have some real input.
mrrobotica 1 month ago
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Anthony Scaramucci is a dumbass.
TorontoLibertarian 3 months ago
Ignorant and stupid. That describes your last two posts. What he said was Gold:Dow will be a 1:1 ratio just as it was in 1980. (Mid Jan. 1980-Gold $850, Dow Jones 840). Never once does he refer to the year long "AVERAGE". We are in the beginning of this wealth cycle which means even if Gold is 20% of the Dow now, the cycle isnt even close to over. It's ignorant people like you who are running our government and are gunna fuck up the world financials. Have fun wiping ur ass with US dollars soon
mgross7668 4 months ago
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What if there were truly a secret that nobody knew about with respect to the Gold trading? And what if the very thing everybody thought were true about Gold trading, was actually the exact opposite of the truth? Come visit our website and learn the secret that produces 90% success ratio just Google Gold trading Academy.
123ableTHERollyboy 4 months ago
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90% accuracy trading is now a reality. If you want to get rich invest in gold! Come visit my website, just google Gold Trading Academy to learn more.
123THERollyboy 4 months ago
Should we buy gold for the long term if the US currency isn't even backed on gold?
EJArendee 5 months ago
Consumer demand for gold is up; India 963.1 tons, China 579.5 tons in 2010.
2100v 5 months ago
I'd have to vote all four of those bungholes off the island." What if the economy grows?"If you move your hands back and forth fast enough you might fly. But neither of those things is going to happen.GUARANTEED! Buy silver
wanderdworld 5 months ago
Here it is Sept 2011 and gold hit over 1900 this month!
mattc941 5 months ago
The price of gold and the Dow Jones average were NOT 1:1 in 1980. The Dow Jones average was almost 50% higher than the price of gold on average in 1980. Once again, Schiff is wrong. "Gold could hit $10,000." Anything COULD happen; but gold hitting 10,000 isn't one of them. It hasn't even reached 20% of that figure. Once again, Schiff is wrong. And by a factor of 5!!!
Dow Jones average for 1980: 892
Gold price average for 1980: 613
goldenthroat86 5 months ago
@goldenthroat86 You have absolutely no idea what you're talking about. Gold was actually more than the Dow Jones average in mid 1980. What you're looking at is year-end prices in 1980. And since the Dow:Gold ratio went all the way up to 50:1 in 1999, its going to cross way over the mean. Gold will be double the Dow at some point in the decade.
mgross7668 4 months ago
@mgross7668 Peter Schiff didn't say mid 1980 and neither did I. We referred to ALL of 1980. The AVERAGE for the Dow in 1980 was 892..it wasn't the "year-end" price. The ACTUAL year end Dow for 1980 was even higher... 963.99. As you can see, the AVERAGE price of gold in 1980 was significantly lower than both of those figures. These figures are readily available on the internet. I suggest actually reading someone's post and doing RESEARCH instead of pulling things out your ass.
goldenthroat86 4 months ago
Peter is using logic that one can learn from basic macroeconomic principals 101. I learned all of this in undergrad. But I gotta say his accuracy is so dead on, its scary. Yet to this day when he speaks on business networks, they still laugh at him like he is lunatic. Doesn't his track record show that he is right?
arnie2103 5 months ago 7
This is another Schiff is Right Video :D
FreeMarketForces 5 months ago
what a bunch of losers
JadeTomZ 5 months ago
They are still treating Schiff like some lunatic, you can see it in their body language. Boy look at the style of panelists these days, slick, agressive, overconfident. Like they came out of a mafia meeting or something, haha.
MrHumpity 5 months ago
Schiff is a logical man who understands monetary history. Gold is in a bull market, and the fiat dollar is dying. There is no historical example of a fiat currency like the dollar NOT dying. The signs of the dollars death are here now. Buy physical gold and silver.
garlic555 5 months ago
Hayek was right.
Thatmakessense356 6 months ago
this was over a year ago. WHERE ARE WE NOW YOU STOOGE PANEL YOU!!! :))
Rawego 6 months ago
at fast money the faster we talk the more credibility we have WOOHOO!!! :))
Rawego 6 months ago
These retards are going to be Crying once the Chinese stop buying treasuries and the U.S. goes into hyperinflation and turns into Zimbabwe.
Asahi100percent 6 months ago
Aug 9th it was $1748 three hours ago, $1770 now LOL
JackGryphon 6 months ago
Aug 9th 1748.00 fucking A!
NYWAORCANZ 6 months ago
The main reason why I don't watch CNBC, BBC, CNN, FOX etc.
Their media is strictly controlled. Don't follow them.
You can start by following Russia Today online. =)
hazry45 6 months ago
@hazry45
you are so right ,you actually learn more about America ironically from Russia Today
NYWAORCANZ 6 months ago 2
may 2010 GOLD 1100 $
august 2011 GOLD 1600 $
Schiff was right again.
softer26 7 months ago
We have half-socialistic society that works. Our healthcare system is seven times more effective than your private healthcare system. Our entitlement, public healthcare and education spending of the budget is below 50% and we use only 2% of our budget to defense (the US gov uses more than 20%). Our total tax rate is only about 10% higher than yours one.
The USA is a ridiculous country.
The USA should cut defense spending by 500 billion, create a value added tax and there will be no deficit.
pennistoks 7 months ago
@pennistoks US can not cut military spendings... hope you understand why they can't...
softer26 7 months ago
@pennistoks USA is ridiculous but capitalism blows socialism out of the water.
jsteel89 6 months ago 2
@jsteel89 Comparing different shades of brown is irrelevant. It's still just crap.
ubbecykelkedja 6 months ago
The most of the Americans look stupid. It's just way too different world compared to the Western and Northern Europe. They spend, we save. They consume, we produce.
Look at these TV interviewers. They've got their Ivy League degrees but they're still dumb. I bet that the average IQ in the USA is below 90 whatever they say.
pennistoks 7 months ago
on god this panel is blahhh.... currency exchange rate between euros and dollars? It's like comparing a bad apple with another bad apple! they are both WEAK w/ nothing to back them up but DEBT! Our economy is = every body let's charge and max out our credit cards!
koenhouse 7 months ago
Or it could go to $10.000/oz. Where the Gold stops, nobody knows!
pewtoobe 7 months ago
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dccmalibag 8 months ago
Hi, I will show you how you could make a lot of easy money uploading youtube videos. Search for some royalty free music or sounds. Upload them to Rapidshare. Then sign up with bee4biz (Just Google it) and use them to lock your download link. Make videos showcasing your free download and post protected download link in video description. bee4biz pays you each time people complete a survey to unlock your download link. They pay weekly via PayPal.
amalbd 8 months ago
Good day, I will tell how I earn tons of cash protecting links and youtube. Find some royalty free tunes. Upload them somewhere. Then sign up with bee4biz (Google it) and lock the download link with them. Make videos showcasing your free download and post protected download link in video description. bee4biz pays when people complete a free survey to unlock your download link. They pay well and they pay weekly.
Darusck16 8 months ago
Really good video.I like it very much :)
CaptainKriek 8 months ago
"What if Elephants sprout wings..." Classic
ThinkReal 8 months ago
It's smart holding gold bars and coins over paper currency!
onenuttyprofessor 9 months ago
Anthony Scaramucci is a dumbass.
TorontoLibertarian 9 months ago
This has been flagged as spam show
You can discover how to recycle and recover gold, silver and even platinum from a surprisingly large variety junk and scrap that people toss out all the time.
There’s a program that shows you how and where. Go to scrap4treasure.
Spot price for an ounce of gold is over $1500 and for an ounce of silver over $45. That's good extra money for anyone who knows what to look for.
And it's a great part-time hobby.
TheScrap4treasure 10 months ago
Here we are less than a year later and gold is spot price $1486.40, you can't eat it, there is no demand except for people who want to buy it. They did not talk about silver, currently at $43.05, also because people would rather eat iPads than food. CNBC, home of fake experts and press titutes.
gringott12 10 months ago
@DylanRWirtz You moron. The dollar was 104.5887 in May 2010 on the Fed's nominal dollar index. In June 2010, it was 105.1851. The dollar went up after this video was made. Now the dollar is 97.9930 on the Fed's nominal dollar index. The dollar has merely fallen 6%. Schiff is hysterical. US trade deficit was 3.5% of GDP with low core inflation and 9% unemployment. Anyone who knows basic economics knows that means the dollar is too strong, not too weak. You're a idiot.
worldnewsbbc1 11 months ago
@worldnewsbbc1 Four month later, gold at $1890 an ounce and the economy and the US dollar is in the toilet. Any more brilliant predictions from your end? It is the investor's who don't own one ounce of gold who are crying the loudest about gold prices imminent crash. Better dump your HP stock and buy physical metal while you still can.
flatgone 6 months ago
If gold go's up to 10 grand an ounce. The world will be in some deep do-do. It won't matter because people will be fighting in the streets for food. There's a point where even gold won't be do you any good. The only commodity that will mean anything will be food.
999klondike 1 year ago
"... we conclude that the [Federal] Reserve Banks are not federal ...
but are independent privately owned and locally controlled corporations...
without day to day direction from the federal government."
Quote by:
9th Circuit Court
Source:
Lewis vs United States, June 24, 1982
damienrockaterror 1 year ago
Here it is December 17th, and gold is holding over $1,390. Once again, Schiff is right, CNBC guests are wrong.
But hey, at least they didn't cut him off and laugh him off stage this time...
SeppLainer 1 year ago 12
@SeppLainer August 18th, $1,825. /coolface
magnusfi 6 months ago 2
@magnusfi
>_<
SeppLainer 6 months ago
gold@ 1440.... december 6, 2010 and counting hold your breath
ParapaDrifter 1 year ago
Awesome! I suppose the fed should just give us all gold.
willisworn 1 year ago
A bunch if baboons dressed in expensive shirts and timepieces they don't own.. Put there to delude the masses and pump a hamstrung sluggish economy
Schiff destroys them every time he goes on CNBC, and why? Because he's always right while they've been proven wrong for a decade now!
modo203 1 year ago
RON PAUL AND PETER SCHIFF COULD BE AN AMAZING COMBINATION.
Gioxtream 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
Unlikely to happen since Austrian Economics is fast becoming popular especially because of Ron Paul & Schiff
Further, lets say it did happen; still $1500 is just an arbitrary price; paper-money is an arbitrary concept, the REAL question is let's say I'm able to buy X% of world's goods/services TODAY with gold I own, will I be able to buy the same or more IN THE FUTURE & answer ALWAYS is YES; further, gold is actually underpriced right now with all "paper-gold" around.
lomocan 1 year ago
@lomocan
@lomocan You’re forgetting one important detail. These same men, who sell you this gold, also write the rules. They get you to play their game, a game which cannot be won when you play.
Do you really think that JP Morgan choosing the word “CHASE” was a coincidence? You can chase that carrot some even catch but very few and even fewer get to keep it. The only way to win is not too play their game.
Please take a look at executive order E.O. 6102 before you finalize your decision.
IlluminMindWorksWell 1 year ago
@IlluminMindWorksWell
And....... your suggestion is hat we hold on to the paper-money which is ALSO controlled by them? If we do that we're dead anyways, buying gold at least gives us a chance.
"They" will control everything when government has the power to do everything that's why government's power ought to restricted first as suggested by Founding Fathers & Constitution. We also need a REAL gold-standard WITHOUT Fractional-Reserve-Banking, then can't manipulate shit
lomocan 1 year ago
@lomocan
I would never suggest you hold on too "paper" that would be very foolish. You looking at gold as an alternative, and that isnt the answer.This Gold game has been played before, and has made a few very wealthy.
They write the rukles on the fly, to play is too lose. There is another method, a level above those writing the rules.
IlluminMindWorksWell 1 year ago
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@lomocan
I would never suggest you hold on too "paper" that would be very foolish. You looking at gold as an alternative, and that isnt the answer.This Gold game has been played before, and has made a few very wealthy.
They write the rules on the fly, to play is too lose. There is another method, a level above those writing the rules.
IlluminMindWorksWell 1 year ago
the guy in the pink is so stupid this economy cant grow!
robbyrocky711 1 year ago
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If we tax the megarich they can no longer spend 200 million dollars on a whim like Carly Fiorina. How many permanent jobs did that create? ZERO!!
justinholt2000 1 year ago
Schiff is being too conservative. The upper limit for gold is infinity. Can you imagine the price going to infinity? That is where it is going because the dollar is going to become worthless in our lifetime. Before the babyboomers start falling on the entitlements the system will collapse. If you have your wealth in US Dollar or the stock market you are sure to lose everything. Quit paying taxes and move money offshore if you have any sense. There is a mass rebellion now you will not be alone.
damienrockaterror 1 year ago
@damienrockaterror
"The upper limit for gold is infinity. Can you imagine the price going to infinity?"
There's no such thing as "gold hitting infinity", if we'd ONLY 1 ton of gold in whole world, it'd be AT MAX worth all goods/services in the world, it can NEVER be "infinite"."Dollar" is an arbitrary, meaningless concept; for eg. if gold hits $10000, it'd just mean that whatever % of world's goods/services cost $1500 TODAY will more or less cost $10000 THEN, due to inflation, that's all.
lomocan 1 year ago
@lomocan You don't understand. The dollar will become absolutely worthless. That means that even a truckload will not buy you a strand of 24k gold let alone food and clean water. You can bank on funny money federal reserve notes all you want. I've been in gold since it was $450 and ounce and I started buying silver at $5. Last time I loaded up on silver was $17.5 an ounce. Not only have I bought metal, I have been building up US dollar debt at less than 7% APR for the past 5 years. Let it burn!
damienrockaterror 1 year ago
@damienrockaterror
I don't know why you're tellng me this when I'm saying people should buy gold & leave dollar. I've merely pointed out your logical fallacy that "gold will infinity" since nothing of that sort will ever happen, if hyperinflation hits then gold might go into tens of thousands, millions, billions, whatever but there's no such thing as "gold hitting infinity".
lomocan 1 year ago
@damienrockaterror you are right but the REAL money will be food
TheEpoxyExpert 1 year ago
@damienrockaterror nope but it is a good way to get out of debt that you owe in USdollars. Simply run up the debt in USdollars purchase enough gold and silver to counter. Exit at 1:3 ratio. peace of cake.
187dAFeD 11 months ago
Anyone in office now can't fix anything. They broke it! Any parent that tells their kid that retirement is a good thing, that welfare should take place of charity, and that you never have to worry about your security or fire or health or your education b/c the government has your best interest at heart should be flogged. This philosophy has lead to the ruin of a once great nation.
biospharms 1 year ago
These people still beleive Elephant can fly....he...he...he
and we have the government that think Donkey can fly....he....he...he
No wonder we are in trouble!
TheBigdick888 1 year ago
@stevenkleo, I agree and have been told that's why Silver way to go. It will be reasonable to make change for a 100$ coin but a 4000$ coin won't be so easy. Some forecasters call for 300$ silver. Peter says in one interview that other things like TP and LP tanks or even vodka could be a barter item. I say Seeds.
biospharms 1 year ago
I agree, GOLD could go up with all the inflation, let's say gold will hit $5000 and you want to ged rid of it. Will you be able to find people who will be interested in purchasing your gold? It's not a problem to buy, it's a problem to sell
stevenkleo 1 year ago
$1,600
THE ONLY REAL MONEY THAT EVER EXISTED!
joeymackaroni 1 year ago
@shiffreport, with more mortgage mess coming soon and the Fed with little ammo left how much longer before the bottom falls out?you are the man when it come to market directions. Now can you tighten up your timeing predictions? I'd like to be in Belize before it hits:)
biospharms 1 year ago
Just thought I'd come back here to laugh my bollocks off at the IDIOTS verus Peter Schiff. Yet again Peter BLOWS THESE PRICKS out of the water.
Abandon fiat currencies and switch to commodities like yesterday
Dandaniels1978 1 year ago
Oh my... It looks like Peter Schiff was right ... again!!!
frontier1701 1 year ago
Peter you are right on the money.
internetbootcamp 1 year ago 2
Peter you are right on the money.
internetbootcamp 1 year ago 2
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What a nut job Schiff is. You see his campaign commercials ?
A total off the wall nut.
He predicted the housing market would tank. BIG FUCKIN DEAL.
High school kids knew that was gonna happen.
tom6612 1 year ago
The main thing that drives me crazy about these economic talking heads on tv is that they never want to learn the correct economic theory. They never admit when they are wrong or change their opinions when they're wrong. Just insanity.
rmccay88 1 year ago
wtf is that guy in the pink talking about
TheBlitz1 1 year ago
CNBC guys wow they are idiots listen to them when they're done interviewing Schiff. "Wow that Schiff guys is really crazy and says some silly things, but he is right.....some times."
poetyaright 1 year ago
The panel is completely in the dark. They have no idea on whats really going on with the economy. They have to hate it, underneath, when Schiff comes on because they always end up looking like they got tasered,
nthgnthway 1 year ago 25
@nthgnthway Yes, well said .. ha ha
ltihema 7 months ago
Scottsdale Silver is where I buy now. Better prices and they take credit cards. Just pure bullion, no silly collector crap, and no need for a broker. All online.
pinup22 1 year ago
maybe 2k, 10k for an oz of gold,your on crack. I will put money on that. How bad do you want to sell gold?
Man2be23 1 year ago
Melissa would have a better career if she dumps CNBC....
MrArtrigor 1 year ago
@MANofINACTION Another great reason to buy silver,
mkmason2002 1 year ago
I feel more and more like Melissa Lee is falling for Peter Schiff =)
BlueTunisia 1 year ago
the economy will grow with technological advancement.
godzkitchen81 1 year ago
@godzkitchen81 LOL
AlbertInSanAntonio 1 year ago
@MANofINACTION Sounds like an even better reason to buy it! :)
MoneyIsSilver 1 year ago
They should make the next SAW movie with these idiots in it, except make it real.
MoneyIsSilver 1 year ago
has anyone seen the newmoneyworld site?
rukko250 1 year ago
I thinkk that Asian girl likes Peter :)
TrunkMonkey3000 1 year ago
@TrunkMonkey3000 No no, she's probably getting gangbanged by the fast money crew.
WingsofDedalus 1 year ago
now they respect schiff a little bit more. He should act more calm but he is just dumbfounded that people dont get his message. All that US has is dept you cant run country on dept forever
princeofexcess 1 year ago
It went to $1,200.00 hahahahaha!
davitodude 1 year ago
dont use an atm shop out of your bank les feees
protest911 1 year ago
In ten years gold is up $1,000 dollars, what are those numb skulls laughing about?
TheReallitycheck 1 year ago
what Peter should have said is that gold keeps its value, so it doesn't matter what the price of gold is in dollar terms, it will always buy the same amount of things...he needs to keep it simple for these dolts
Zuranthus 1 year ago
please read the revelations chapter in the bible and all this will make perfect sense
bigdansan 1 year ago
Like he said he has been at this for 10 years. America will NEVER crash, that is a conspiracy theory! People"greatest depression" since the 70's and still nothing. The dollar is GOLD in a since because through all this inflation peoples faith still holds with the dollar. IDK WHY? The economy will never crash and he will be saying it will for the next 20 years. However gold is a great investment because of the inflation that is going on.
theUSER101 1 year ago
piigs don't fly
doubleestark 1 year ago
Golden Schiff!
DeathOfTheDollar dot com
DeathOfTheDollar2010 1 year ago
i hate it when peter schiff gets interrupted by these idiots who think they know it all.
CopyRightHater2006 1 year ago
Look at those tools laughing at Peter. They are leading Americans to their slaughter.
lorenzo8500 1 year ago
@lorenzo8500 your right. He tries to say 'if the economy gets better (hahaha), then gold will bust. Even if by some miracle , the economy did, me thinks that Gold divorced itself from the currency
Romulan112 1 year ago
CNBC ? why even bother with them Schiff ?
geocom75 1 year ago
that presenter is so stupid. What if the economy grows? Is he on drugs???
margesspin01 1 year ago
Schiff is selling FEAR and business is very good.
Keep buying gold Schifftards, I want the gold bubble to implode.
v1f9 1 year ago
@v1f9 I will keep buying alright. Its real money. It will never go to zero.
Romulan112 1 year ago
@Romulan112 Get back to me when it's $700 an ounce.
v1f9 1 year ago
If you bought Gold from Glenn Beck's sponsor - TRY TO GET YOUR MONEY BACK NOW -- YOU WERE SCAMMED.
DillonDee1 1 year ago
the economy won't collapse and the Titanic won't sink
nota2cdtime 1 year ago 17
@nota2cdtime You are utterly, overly, and inaccurately optimistic in my opinion. I really do hope that you are right, but the math does not add up at all. Peter Schiff, Marc Faber, Max Keiser, Jim Rogers, William Engdahl, etc. Schiff was and is right.
slhines7 1 year ago
@slhines7 My apology: I didn't include a footnote of sarcasm. The math tells of unsustainable woe for the future. With the exception of the round of names you fired off, the culture is stuck in a historically referenced denial pattern.
nota2cdtime 1 year ago
@nota2cdtime No problemos, PEACE and Go Schiff.
slhines7 1 year ago
googoo: "what if the economy grows?" [cream pie to the face]
peter schiff: "what if elephants sprout wings, will they be able to fly"
"there's a sucker born every minute. a lot of them are on wall street"
the groupthinking of the ever bonding economist moths just dumbly sucking out the liquid through their collective proboscis until they reach dry. applying no mental application to how liquid becomes the state of liquid.
dentistsugardusty 1 year ago
why do so many sound bite so aggressively? he said "now i might have to say instead of $5k maybe it's going to $10k". that wasn't concrete as a statement, but more of an off hand sarcastic probable.
dentistsugardusty 1 year ago
Look at you Schifftards, shitting your pants for no reason.
You cowards make me sick.
v1f9 1 year ago
@v1f9 cowards, being used in the wrong context. how are people who take knowledge, making their own connections with this information, become cowards?
dentistsugardusty 1 year ago
@dentistsugardusty They're not "taking knowledge" as you say, they are succumbing to fear.
v1f9 1 year ago
Fall of U.S.
LEGROWERK 1 year ago
what if the economy grows? (p.s. economy means saving too!)
its like:
what if elephans sprawl wings? exactly :)
Halonkata 1 year ago 2
Guns n Ammo!
apocolypse1022 1 year ago
So far Schiff's MERKX recommendation has been a disaster.
321moe 1 year ago
A man amongst pretty boys.
tilon2000 1 year ago
the dollar= prettiest pig in the pen, as reason for its recent strength
uniblab1000 1 year ago 2
@uniblab1000
Well, all pigs end up in the slaughterhouse sooner or later
lucius1976 1 year ago
I'll buy guns and ammo before gold
deepfriedking 1 year ago 3
You will still need something as a store of value (aka MONEY), that is what precious metals have been doing better than EVERYTHING ELSE for 1000s of years.
cramsa 1 year ago
@deepfriedking Exactly. Guns/ammo can't protect the rest of one's property. Means of self-defense are more valuable than any precious metal. I'm bullish on gun maker stocks AND gold, silver.
hughtub 1 year ago 2
yeah keep laughing u smart asses!
yoyocd 1 year ago
WHAT?? Somebody actually say Peter S. Was right?!? Did I mis-understand, or mis-hear that??? Was this video Doctored? That was a voice over, right?
You Tube makes history. Someone actually said Peter Schiff was right. That's a first...
Whuntmore 1 year ago
"he has been right, you gotta give him that."
you stupid douche.
also the second dude that asked the "theoretical" question needs to get another lobotomy.
NIMHFS 1 year ago
the only way it can go to 10000 dollars if America starts world war 3!
Schiff you leading us to danger...:)
I love you ass president, but people do what you want, i know what will happen, its inevitable
timesplitters333 1 year ago
I feel bad for Schiff. having to talk with those total retards. It's like they pulled off a bunch of jocks from a baseball team. And they thought using those ridiculous shirts would make them look smart. Did they even need four of those guys? Oh, I see what u did there.
GOLD.
puttefnask 1 year ago
@puttefnask Kinda sorta. There is no question that these people now listen to Peter where about three or four years ago they didn't. They respect Peter for his opinion now.
BShinkicker 1 year ago
They admit, at the end of the interview, that Peter Schiff has been right. THEN WHY AREN'T THEY LISTENING TO HIM. INSTEAD OF ARGUING WITH PETER, FOLLOW HIS ADVICE! ARGH!
hucklebearer53 1 year ago
Oh, that's right, they are just talking heads.
hucklebearer53 1 year ago
Hey Vinny quit using your hands to talk!! sheeesh where did they pick this group of losers to inteview Peter Schiff....looks like Brooklyn let out its worst to interview this guy
caspersmiths 1 year ago
Peter just wipes the floor with these idiots. All they can do is shake their heads with their 100$ haircuts.....lol!
pretorious700 1 year ago
Duh, great call on Gold...
The dollar is rallying? No, it is not ... good grief ... Western currencies are imploding!!!
radiospirit 1 year ago
When I responded to this video the ratings were 235 to 1 for Peter Schiff vs. the slackers. These people have been wrong since at least 2005. When will they listen to him?
ckairnes68 1 year ago
Peter is like the adult in the room, explaining to the kids why they can't stay at Chuck E Cheese all night...
rentonsentinel 1 year ago 74
@rentonsentinel You are exactly right on this. These people are joker's for not listening to him. I mean he isn't stupid and didn't get rich by being stupid..
jackasstoday 1 year ago
@rentonsentinel Well spoken!
mkmason2002 1 year ago
@rentonsentinel Great anology!
iam4u2cl8er 1 year ago
Some prediction! Everybody knows that the price of gold is the barometer of the world's economic health and confidence. When people worry about the economy and the state of the world in general, the price of gold goes up. When they are confident about these factors, the price goes down.
Peter Schiff did predict the economic collapse when all the"talking heads laughed. But so did I. Any FOOL could have seen it coming. Does that also make me a "prophet" or a "genius"? I don't think so.
goldenthroat86 1 year ago
@goldenthroat86
Everybody can take a quess.
The question is what's the basis for the assesment. Peter bases his predicitons on facts and knowledge in the economic realm.
Feelings and facts often could be, and often is diametrical opposed.
elfenomeno777 1 year ago
Just reads Peter's new book. It is fantastic!
ItsAllaSong 1 year ago
HAHAHAHAHAHAHAHAHAHAAHAH! Peter straight smokes motherfuckers. There is nothing else to be said.
kikrlbs 1 year ago
They should change the name of this show to loose money fast. Thats what would happen if you listened to these jim crammer tools.
chriswroads 1 year ago 23
@chriswroads Sooo true! C
mkmason2002 1 year ago
How can anyone get advice from a show called "fast money"? If you do that, why dont you just answer that friendy nigerian prince?
TequilaFlavor 1 year ago 3
@TequilaFlavor
:)
faceclutch 1 year ago
I wish Melissa Lee and Becky Quick would just put on some heels and something tight and just walk around. I'd watch that. These morons with their half-baked stats and cheerleading the dollar are just laughable.
pretorious700 1 year ago 2
melissa the only reason u have this gig is because u can't trade successfully on your own
jackdaniel1186 1 year ago
I love it when they have to utter the words "Peter Schiff is right!"
albuddy 1 year ago
@albuddy hah, so true. All the focus was only on US, but now, with Europe, they are really starting to see what the real deal is with all this paper money.
at1212b 1 year ago
Bankers jailed, sued as Iceland seeks culprits for crisis
AFP
May 12, 2010
More than a year and a half after Icelands major banks failed, all but sinking the countrys economy, police have begun rounding up a number of top bankers while other former executives and owners face a two-billion-dollar lawsuit.
Since Icelands three largest banks — Kaupthing, Landsbanki and Glitnir — collapsed in late 2008, their former executives and owners have largely been living untroubled lives abroad.
louis12346 1 year ago
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rcl151 1 year ago
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rcl151 1 year ago
These boobs are so clueless. With a name like FAST MONEY, give me a freakin' break!
Gee... these people need to go to the KIT KAT KLUB to see Lady Gaga in the musical "Cabaret" sing.
♪..Devalued money makes
the world go around
the wrold go around..♪
jibbi4one 1 year ago
Schiff is the grand wizzard of economics!
ABETRMAN 1 year ago
What if Economy grows ? Not possible if i see the actions and symptoms..
- 65 Tr debt in total including unfunded liabilities.
- Stopping M3 money supply in 2006.
- Propping up Wall ST in 2008 , Expanding FED balance sheet by 2.2 Tr.
- 14 Tr funded debt held around 46% outside US.
- Taking price of capital to Zero almost i.e FED funds rate to Zero.
- since 2008 FED is almost exclusively issuing short term debt.
- 30Y Tresury is a bubble waiting to burst.
akalexi312 1 year ago
What is really sad he would be great in the US Senate, however that will never happen in Connecticut because of the Dem machine will put in Blumenthal in and continue the BS
JackMism 1 year ago
"He has been right, you gotta give him that." Ha. Tough to get much love on the sheep sheering channel.
US Total Assets - $72 trillion
US Total Unfunded Liabilities - $109 trillion
Pretty much says it all.
kahunabear 1 year ago
A word of caution, be mindful of where you keep your gold. Anyone remember 1933? Exec. Order 6102? I for one wouldnt keep my gold within ANY institution. I would keep as much physical gold as I possibly could in places known only to me and my family. As history seems more and more likely to repeat itself.
offdaheez 1 year ago