4/7/2011 Peter Schiff On Fast Money: Bearish But Buying Stocks

[westy44cal]

Jeez. I should have read the comments before posting. All of your silverbugs nailed that slip up. *goes and sits in a corner*

[westy44cal]

actually the quarter would need to be a 1964 but he made great point

[warmoviesboy]

1965 quarter?

Peter I am disappoint

:(

[Lethn]

Sweet! I invested in a gold stock in Australia so that's good news for me!

*pelvic thrust*

[tacitus7]

Peter made one mistake. At 3:09 he referred to a quarter minted in 1965 buying two and one half gallons of gas. Actually, that would be a quarter minted in 1964 or earlier. I'm sure that was just a result of his rapid fire talking. He isn't perfect yet, but getting close:>)

[twsytwsy]

people dislike peter simply because they have different objectives while he believes in healthy long term economic growth with a more conversative profit making strategies, while most of the speculators only celebrate for short term immoral quick profits. That's all about it... and Ms. Lee is just an economic news channel fucking commentator, her "knowledges" are pale in comparison with "scholars" even with scripts prepared, per say.

[twsytwsy]

Melissa Lee BIGG FUCKING BITCH.

[damoz89]

LOL - "Be careful of the housing bubble over there" - Yeah, you weren't saying that before the homes over there became worth jack were u. Total fools, why are they even on TV

[idonthinkso100]

"Negativity"...if a building were about to crash on your head, it's not a nice thought, but if it's the truth, wouldn't you want to know? Or do you feel better only hearing nice things that aren't reality? What planet do you live on Melissa? Should someone come on and lie so that you think everything is just dandy and happy? Who is the producer of Fast Money??? Does he read these posts? No one likes your crew..might last for a bit with this bunch of losers only bcz we want to hear Peter.Get it

[idonthinkso100]

Melissa Lee...please stop being so rude to Peter..your like a jealous child that can't admit that all of your stock knowledge & expertise has been completely wrong. It's like the old saying "how's that working out for you"? You are bent on being rude and right...Peter is humble and rich...hmmmm. No one listens to any of the Fast Money Team..we only tune in because of Peter. Shut your mouth and give him the respect he so greatly deserves! He gives it to you.

[TheCashistrash]

@idonthinkso100 all melissa lee is good for is a bootie call. :P

[geglockn]

Melissa Lee more and more seems to be frustrated with the truth Peter Schiff is sharing. It is becoming increasingly apparent that there is some kind of internal struggle going on in her mind. Possibly a struggle between her producer telling her to discount Peter as much as possible and her own intelligence telling her that Peter makes perfect sense. Either way, I commend Peter for maintaining a mature and patient attitude with all these market cheerleaders he must suffer.

[DaveZiffer]

I believe there is a mental threshold at which you can understand long-term concepts and at which you can grasp the idea that the dollar's value, like the value of everything else, is strictly relative to other things. Peter is clearly above this threshold, and the Fast Money panel is clearly below it.

[teage23]

kudos to the fast money team giving peter somewhat the respect he deserves...

[tgpdlp1]

casting pearls before swine

[cushmandavis]

i typed HUI index in google search, it comes up with the kitco site, yahoo finance, and marketwatch.

[freezazoid]

I couldn't find the "hui index" on my google finance. I searched "hui index" "amex gold bugs" ... nothing comes up. Any help?

[rzimberg]

Why do they always cut away and comment on what he says? They should be taking notes!

[btaylor9661]

This host of the show is just very little minded and it would be nice to give her a 100000 and give Schiff a 100000 for the next year and see who ends up ahead of the game. I think she might end up hoping to keep her virtue and he may hqave a million, poor thing knows nothing except sarcasm.

[nvsyru]

Peter continues to be right on the money!

[arcanekrusader]

Are these people stupid?

[theslimeylimey]

Just to keep things in balance ( I am a Schiff fan btw) There has been big run in stocks since the 2008 crash and anyone who bought and held since then would have done very well (including dollar devaluation)

[crazeyspivey]

Stupid Fast LIps/Big Lips Asian Chick......she is disgusting, and it deeply troubles her that Peter Schiff has proven himself right and the entire FastMoney crew is totally wrong over the past years regarding Silver and Gold. Dont pay attention to these "Fast Media" idiots.....Listen to Schiff, Bob Chapman, SGTBULL07, Eric Sprout, Jim Willie, etc. Buy Silver.....the investment of a lifetime!

[EMPIRE0FLIES]

That woman has no people skills.

[crazeyspivey]

@EMPIRE0FLIES You are so right.....she utterly disgusts me...makes me want to vomit. You know she is purposely moving those lips 10 times more than normal just to get attention, to make a unique "image" for herself....kinda like Larry King and his humped-over shoulders. Send her back to Japan an let those great people teach her some common manners.

[BlunderCity]

When will the winners throw in the towel?

WHAT????!!!!!

Oh dear oh dear!!!! How can they be that dumb!!

[orimoneychannel]

The basic problem of these desk prop retards is very simple: THEY DO NOT UNDERSTAND BASIC ECONOMICS!

[ytgv3fc7]

I know where the Dow & gold are going to meet. It happens shortly after 2012 May. For the doubters - I expect many - check my video /watch?v=8DhryHW0KeM : clear as day. A ceiling curve, a regression curve through the middle of the data, a convergence on 2012 May. This is analogous to the 1980 event of Dow & gold both in the 800 area BUT this time the US dollar is very badly debased. Gold won't settle lower than 2500 past this date.

[msungs]

Peter is a modern day Founding Father. Peter Schiff was right #2,485,928 but Peter Schiff was wrong #1 (the quarters are 1964 and earlier). The man is allowed to make one mistake in his life. I can't wait until the bubble Matrix and phony economy these losers and jocks on Fastmoney (should be called easy money because they're presstitutes) blows up and melts down Fukushima style and they start throwing themselves out the window. I would pay one or two silver ounces to see that.

[dotsthots]

Peter really hit the ball out of the park on this one! He getting better and better at condensing the facts into whatever time they afford him.

[judoyodan]

Peter is wrong.

A 1965 quarter is worth 25 cents, no more.

[cr113]

@judoyodan What about 1964?

[judoyodan]

@cr113, that'll run ya about 6 bucks.

[jalexander3]

@judoyodan a 1965 quarter has 5 grams of silver in it. that makes it worth $6.5 at present

[judoyodan]

@jalexander3, you are wrong. They don't contain ANY silver. They are mostly copper, with some nickel.

[jalexander3]

@judoyodan true. sorry, pre-1965 quarter had the silvers

[ilovetightends]

When they warned Peter of a housing bubble i spit out my coffee... and i wasn't even drinking any

[wallyszabo]

why all this negative talk about the economy??...... McDonalds is hiring 50,000 burger flippers this month.

[orimoneychannel]

@wallyszabohahhahahahahahahaha­hhahahahahhahahahahahhhhhhhhhh­hhhahahahahaahahahhahahahahaha­hahhahhahahahhahahahhahaaha!

I wonder!

[u2canbfmj]

Property bubble in china? Maybe, but there isn't a credit bubble supporting it. Most terms on Chinese loans is 50% down and u pay off the mortgage in 3 years.

[Budvb]

Is that why Service industry has Grown so big over the past 15-20 year and our Industry has shrunk big time. Could be why only 11% of working Americans only work in our Industrial Jobs anymore. We don't really make anything anymore, we have become a Service/Servant Industry. Saddening I just hope we can keep growing food and stop building all kinds of unwanted houses on top of Great Farm Land that could produce us wealth in the world.

[outforsushi]

the others are strangely quieter than usual, giving schiff so much time to talk

[ramacass108]

"Have you traded your way to 1200%" :-)

[sidkings]

THIS GUY IS A LEGEND!! in a class of his own.. Go Schiffster....

[AndyMH182]

amazing!

[rockstar728]

i totally agree with peter, but i think to say that the only reason oil is going up is because of inflation is simplifying it too much. there's geopolitical reasons as well as limited supply and increased demand.

[cr113]

@rockstar728 - 2 main things determine the price of something. One is supply vs demand and the other is the value of the currency. The supply vs demand effect on price is easy to see because it causes big immediate spikes up and down. When there's middle east unrest you see a big spike up in oil. When there's a surplus of supply you see a big spike down. It's much harder to see the currency devaluation because it's gradual. But it's the main reason prices are up.

[erushbass]

@cr113 Only one thing actually, value of currency is dictated by supply & demand too.....

[Ilovehistorychannel]

@erushbass drrrrrrrrrrrrrrrrrrrrrrrrrrrrr­r

[erushbass]

@Ilovehistorychannel Im sorry, are you having some kind of fit?

[cr113]

@erushbass You're right, and we're raising the hell out of the currency supply! :)

[healthhavencom]

steamrolled by Schiff again

[fuckoff187]

lol they always throw in a comment after peter leaves. peter did that huge rant bc he had this all planned, he was gonna pull a fast one on the fast money guys

[fuckoff187]

hahah peter and the fast money guys have a fued

[AmericanValues321]

Peter on point..lol

[ric0rich]

Gotta love the end. Fast Money crew warning Peter of a property bubble.

[Talodus]

@ric0rich Truly, one of the most ironic things I've ever seen.

[pr0digy11]

peter owns these fools yet again

[mrdoomuch2011]

bunch of losers. Asian lady should acknowledge how Peter has been right.

[idonthinkso100]

Brian stop kissing up now...you laughed & laughed with your Fast Money freak show croonies....just shut your mouth. Asian lady, you have no idea of what you are talking about..please do us all a favor and shut your little pie whole. No one likes you or wants to hear you..you have a show ONLY because of Peter Schiff. Your such a wannabe!! No credentials on your own little lady..no smarts either! Sad excuse for a commentator. Follow Christiane Armapour..she's a professional. Your nobody!

[kikila007]

@idonthinkso100

Christiane Amanpour is a fucking propagandist,a tool nothing more.She favors the foolish afghan war.

[idonthinkso100]

Timmy is really such a "want to be"..he wants to be wrong and he is..he wants to be rude and he is..he wants to look like like a horse's ass and he does...he has succeeded at all his goals..good for him....Now let Peter Schiff talk..we want to hear him! Little Asian lady..you can roll your eyes..but the truth & the market will always speak for themselves. Try to get a grip on reality...your all so pathetic.

[delatroy]

Dominated

[idonthinkso100]

Dear Fast Money Know-it-alls...we only tune in to hear Peter Schiff..could you just shut your mouths when he's a guest? You can laugh at him and say he's "negative"..but sometimes the cold hard truth is negative...should he sugar coat it? Anyway, no one likes your know-it-all staff....there always proved wrong LOL!! The only reason you get ratings is because Peter Schiff is on..get it. Can you guys please..please...shut up when he's on. No one wants ur opinion..it's always proven wrong! ha ha

[twk373]

Peter is so freakin' epic.

[tmac9938]

LOL THEY COULDNT SAY SHIT!!!! hahhahaa they all sat their like school children while he was teaching... then of course the teacher was getting too truthful so they had to interrupt a few times. yes time constraints, but no doubt CNBC's producer was screaming into the asian host's ears as he was dismantling their propaganda one leg at a time.

[FGTBOGSAT]

These shill tards are no match for Peter Schiff.

[constitutiondefendr]

Peter Schiff Was Right! he is right, and he will always be right.

[itubeutude]

why do they have him on if they don't want to listen .

[richardminhle]

@itubeutude they cant listen not just bz they dumb but that' s what their job is. Else they just sit there noddling their head and get fired the next day.

[AtlasHBS]

@itubeutude He gets ratings, they need ratings, simple as that.

[mreisma]

what a bunch of laughing clowns, go peter

[ih8ronpaulh8ers]

This had to be Peter's best appearance on Fast Money. He was able to speak his mind the most before getting cutoff or laughed at. How bizarre.

[JetSetBaroni]

Yeah, Im not sure what is said off camera but she does have an attitude towards Peter. Ive never seen Peter be nasty or mean towards her so it tends to appear unjustified. She has all types of guests on the show and her tone does change when Peter is a guest. Not exactly Professional or quality hosting IMO. The funny thing is that Peter keeps being correct with his metal calls and she still acts like he is full of it. Give the man his due when He makes a good call. Geesh

[ricochetVendetta]

I like how he completely changes the subject lol

china been raising rates many times now, they dont have to start. Thats the ecb

[JetSetBaroni]

Yeah, Im not sure what is said off camera but she does have an attitude towards Peter. Ive never seen Peter be nasty or mean towards her so it tends to appear unjustified. She has all types of guests on the show and her tone does change when Peter is a guest. Not exactly Professional or quality hosting IMO. The funny thing is that Peter keeps being correct with his metal calls and she still acts like he is full of it.

[BlueSkies360]

Tell them Peter!

[rmccay88]

I don't like that asian bitch...she always has a sarcastic tone in her tone when dealing with Peter.

[overlogg]

the end is near...

When you hear this on TV...it feels like confirmation the elites are about to abandon the dollar...

[SuperAtheist]

@overlogg "the end is near.."

the beginning is nigh!

[CBound]

Great segment, Peter was steam rolling over the standard stock-market investment mantra, and great chart support showing the oil price and USD Index over the last decade.

[TheBlitz1]

all those commentators are so pissed lol

[turbotrana]

THe China housing bubble that the last chap raised is something that SChiffy never seems to raise or worry about.

[TheBlitz1]

@turbotrana he isn't investing in that sector

[turbotrana]

@TheBlitz1 I realise he isnt investing in that area but if Chinas property bubble burst then then the 60% of Chinas GDP that goes into domestic infrastructure and building will take a big hit. So will all the countries that supply raw material, namely Australia. If this happens Aust will not look good any longer

[TheBlitz1]

@turbotrana well the housing bubble in china is caused by artificially low interest rates and inflation, the reason their is a housing bubble is the same reason there are market wide price increases, so the same thing that is happening here would happen there, the housing sector would deflate while ever other sector inflates, so your commodity investments would still increase regardless

[stealthpakfa]

@turbotrana its not a credit bubble, its a price bubble. price bubbles are minor, it will bring a slow down for 12-18 months max. credit bubbles crash entire economies like japan and america.

[chiyerano]

I wish I'd known about Peter Schiff and his recommendations 10 years ago.

[thane17]

That WAS hilarious when Peter suddenly stopped talking haha Excellent Schiff commentary as always.

[BlueEagle8]

When will that self-hating Asian women be kicked off the network?

[titan13131]

Some good info from Peter in this one. That guy was a dumbass to ask about why oil prices are going up. Peter has explained this before many times!