@bighands69 If gold were to become so pletiful, it would become devalued, and hence not save anyone from poverty. Gold doesn't get us out of poverty. Production gets us out of poverty.
@MrWakethesheeple Gold can be created by nuclear reaction, or by atom smashing. It is way too expensive. It would cost millions of dollars to produce an ounce. And if it was done through fission... it would be untouchable for a couple hundred years. Fusion is not really controllable. And atom smashing uses tetra watts in electricity and would produce mere molecules.
They can create it in a lab but they can buy it up or sell it at anytime with unlimited amounts of money so they don't need to create it in a lab to hold it down but eventually buying and selling gold is gonna hold the economy together at all
Peter Schiff is a crook. Don't vote for this guy he was totally wrong about gold and inflation, people I know lost thousands of hard work dollars investing with him.
@TheRepublicX Dont forget he is investing long term. He was speaking about gold when it was way under 1000$, maybe 600-700. Of course it will have small adjustments when politicians spend money and dollar rallys begin for some weird reasons, but ultimately the dollar is gonna fall and gold will start climbing again. Imagine a tableleg breaking. I could balance it with a twig for a while, but I cant put much weight on it and ultimatly it will collaps again cause it didnt get the repair it needed.
I am a client and that is not true. Are we supposed to believe that none of your other friends lost thousands of hard earned dollars investing with other people in 2008? Give me a break.
Peter started to recommend buying gold in 2001 when it was around $270/ounce. What's the price now? What a terrible recommendation. Not.
Anyone who gets in any market at the wrong time can lose money, no matter what advice they follow.
i don't know why but it always bothers me when someone unfamiliar with schiff asks him for his opinion on things that he's obviously known for like what does he think about ben bernanke or is he for the constitution??? i mean, i know not everyone will know about Peter like some of us but has it always been that hard to look him up on youtube and figure out for yourself that this man has been more for the constitution and against the federal reserve for longer than most?
@kobe88124 -- Problem here is the vagueness of a Constitution which allows for and implies a wide variety of interpretations. Some of which are derived by the IX and X articles of the Bill of Rights that state anything not provided or stated by the Constitution is left to the states. Thus, the Civil War had to determine whether the northern bankers & industrial barons or the southern slaveowner aristocrats ruled the country. In the mid
If they could create gold in a lab that means they have master quantum physics and poverty would not an issue.
bighands69 2 years ago
@bighands69 If gold were to become so pletiful, it would become devalued, and hence not save anyone from poverty. Gold doesn't get us out of poverty. Production gets us out of poverty.
reefpirate 1 year ago
@reefpirate
I do agree with you on the fact that gold will not get us out of the peak credit cycle crash.
production is the only real method of recovery. But that has its own problem in that waste cannot be managed at this point.
bighands69 1 year ago
central banks can manipulate gold in the short term when they create fake capital (credit) but that will only last so long.
Shear market pressure and the reality of the financial numbers are the real decider on gold and materials.
You mentioned inflation but do you not see that inflation will effect gold values.
bighands69 2 years ago
awesome!
justgetsome 2 years ago 4
@MrWakethesheeple Gold can be created by nuclear reaction, or by atom smashing. It is way too expensive. It would cost millions of dollars to produce an ounce. And if it was done through fission... it would be untouchable for a couple hundred years. Fusion is not really controllable. And atom smashing uses tetra watts in electricity and would produce mere molecules.
theoriginalanomaly 2 years ago
Give 'em hell Peter!
gwfran 2 years ago
Schiff is the man!
gone556 2 years ago 4
They can create it in a lab but they can buy it up or sell it at anytime with unlimited amounts of money so they don't need to create it in a lab to hold it down but eventually buying and selling gold is gonna hold the economy together at all
punktillidie27 2 years ago
Peter is one of the last honest men running for Senate!
petiemac12 2 years ago 5
The price is temporarily not going open up but don't think you'll ever see it under $1000 again cause if it hits $999 there will be a buying frenzy.
punktillidie27 2 years ago
This has been flagged as spam show
Peter Schiff is a crook. Don't vote for this guy he was totally wrong about gold and inflation, people I know lost thousands of hard work dollars investing with him.
TheRepublicX 2 years ago
so you think that the market will stay like this forever, think before you write!
and no he wasnt wrong! and things dont happen the day after they're predicted.
tobycoolrunner 2 years ago
at least substantiate your allegations?
ik999 2 years ago
How was he wrong? The price of gold increased didn't it?
ab1tchslap 2 years ago
@TheRepublicX Dont forget he is investing long term. He was speaking about gold when it was way under 1000$, maybe 600-700. Of course it will have small adjustments when politicians spend money and dollar rallys begin for some weird reasons, but ultimately the dollar is gonna fall and gold will start climbing again. Imagine a tableleg breaking. I could balance it with a twig for a while, but I cant put much weight on it and ultimatly it will collaps again cause it didnt get the repair it needed.
CortoMaltese86 2 years ago
? what? gold is higher than when it was during the stock crash. who's your stupid friend?
spyletu 2 years ago
I am a client and that is not true. Are we supposed to believe that none of your other friends lost thousands of hard earned dollars investing with other people in 2008? Give me a break.
Peter started to recommend buying gold in 2001 when it was around $270/ounce. What's the price now? What a terrible recommendation. Not.
Anyone who gets in any market at the wrong time can lose money, no matter what advice they follow.
lsa420 2 years ago 8
Dude! You are really a client of Peter's Euro Pacific?
Congratulations!
I wish I wasn't so late to the party.
I feel like I have been deceived by the government on the economy.
bkdmd 2 years ago
@TheRepublicX This is the most thumb down post I have ever seen!!!
yushaos 2 years ago
i don't know why but it always bothers me when someone unfamiliar with schiff asks him for his opinion on things that he's obviously known for like what does he think about ben bernanke or is he for the constitution??? i mean, i know not everyone will know about Peter like some of us but has it always been that hard to look him up on youtube and figure out for yourself that this man has been more for the constitution and against the federal reserve for longer than most?
kobe88124 2 years ago
thinking and resourcefulness is un-american.
GOD (B)LESS AMERICA!
ik999 2 years ago
@kobe88124 -- Problem here is the vagueness of a Constitution which allows for and implies a wide variety of interpretations. Some of which are derived by the IX and X articles of the Bill of Rights that state anything not provided or stated by the Constitution is left to the states. Thus, the Civil War had to determine whether the northern bankers & industrial barons or the southern slaveowner aristocrats ruled the country. In the mid
PragmaticStatistic 2 years ago
I will be voting for Peter in the August Republican CT primary
sirchilly 2 years ago 9
5:15 People vote with their wallets and their feet.
deadman12078 2 years ago
Peter Schiff for senate 2010!
yushaos 2 years ago 4
Also thanks to the people who drafted Peter Schiff for Senate.
elbuggo 2 years ago 6
Thanks, again CT! Good work!
clemmens14 2 years ago 4
thanks again to ctschiff for recording all these videos!
michaelpshipley1 2 years ago 5
Peter's ideas are solid. I liked the tone and tenor of his presentation.
bobby4lee 2 years ago 15
Thanks for posting!
BlueSkies360 2 years ago 18