Peter Schiff on Hyperinflation and the Dollar

[phantomcharger]

I would think at this point people could see that this destruction of the dollar is by design

[AtlasShruggery]

Hmmm. In May 2002, Schiffty Pete predicted hyperinflation, soaring interest rates and the Dow falling to 2000 within two years. That never happened. Now Schiffty is predicting that the price of gold will rise to $5,000 per ounce.

I wonder if Schiffty Pete's prediction about the price of gold is connected to his call to attack Iran?

[TREACLE97]

Dollar index is rising; gold has fallen from over 1200/ounce - thats fact not guesswork - confidence in dollar is rising, confidence in gold is lessening - You can't pay your mortgage or buy groceries with gold! - sell any gold you have asap - will likely collapse to around 350 to 450 dollar/ounce in new year as dollar strengthens and economy moves out of recession - sheep always get it wrong!

[lilmac929]

@TREACLE97 ...are you serious? This is the problem with Americans, we only see what's in front of us. The real truth is that the fundementals of the economy aren't sound. You must produce the same amount of more of what you consume. Otherwise your nation losses wealth. Dollar index rising? Gold going to 350/450 an ounce? Really? Who is the sheep now!?!? You can live in fantasy land with the rest of the jobless recovery people, I'll keep with my understanding of economics and history.

[libertyeconomics]

You couldn't be more mistaken. More like: with the drop in the price of gold, BUY! This is a BUYING opportunity.

[drummer4life534]

Please look at the facts buddy greece and all these european countries are heading south so investers are disengaging from the euro. and since we compare the dollar to other currencies. it rises, thus gold lowers. understand?

[Nuker1337]

@TREACLE97 You are a complete moron. You get paid by Bernanke and his globalist bankers to speak this BS?

[MBillCylle]

Wake up Treacle97, time to go to school!....LOL

[Scoforever]

What was your comment? When was it made? I may have the same problem as Donexodus2.

[TREACLE97]

I have an alternative view regarding the future of gold thats all...Pointless repeating it as it will be removed again. Buy gold with surplus money only! (is that an acceptable comment?)

[drummer4life534]

where can i buy these $38 gold bars?

[Synergistik]

bullion direct

[g00se99]

I remember this talk from the summer. Had an impact.

[drummer4life534]

Holy shit everyone. were totally screwed. i got a part time job and i cant afford to buy any gold otherwise id buy a ton. 

I would rather grow bud now , sell it , exchange for gold. cheahh

[superdiza]

Grow weed. it's easy, recession proof, partly legal and profitable :)

[ik999]

you can buy 1gram gold bars for about $38 each or so

or you could put your money in oil stocks

[Synergistik]

You can always buy silver.

[libertyeconomics]

Drummer, if you can gather together a few thousand dollars, you might want to consider jumping into the futures market. I can give you guidance on that, as I held the NFA Series 3 license, which I voluntarily withdrew so that I could return to trading personally.

[drummer4life534]

Futures Market? And what's the NFA series 3 license? send me a personal message on my page so u can write more about it.

[theguvnorjimmy]

buy gold and silver now!! you can thank me in a few years.