he's referring to his investment company, Euro Pacific Captial. Their investors buy gold that is kept in the 100 yr old Perth Mint in Australia. The Mint keeps 100% reserves, in other words, they store your gold without loaning it so someone else, unlike American banks with your dollars. Schiff did not mean that he is selling HIS gold.
Countrywide is FINE! Bear Stearns is FINE! Fannie and Freddie are FINE! Lehman Bros. is FINE! Washington Mutual is FINE! The U.S. consumer is FINE! The dollar is FINE! $20 per gallon of gas is FINE! Our imploding economy is FINE! The constitution is FINE! U.S. sovereignty is FINE!
Schiff is right of course (as he is most of the time).
The Federal Reseve Banksters are destroying our Economy and this nation..just like their owners did to Argentina 10 years ago. The same BANKSTER Family Destroyed Germany in the 1920s and then used their wealth to put their counsin Adolf "Hitler" in power. (Of couse they same family was behind the French Revolution...Russian Revolution...and funded world wide Communism for 100 years!)
Go to Google video and watch "The Money Masters".
hey dude check out "money, banking and the federal reserve" and my favourate one is "money as debt". brilliant and both short 40mis each. so so informative.
You're half right - Liz Clayman is nice eye candy and a Wall Street cheerleader (would love to see her in a mini-skirt), but she's a sweetie (not a demon). David whats-his-name is a Wall Street shill who tries to discredit Schiff whenever he can, but Peter still schools Dumbass Dave every time out.
Every couple of month or so the Federal Reserve cuts the interest rate by a minimum of 0.25%. What will they do when they hit 0%? They will have to raise it, and what will happen? Complete economic collapse?
Considering we are borrowing to pay off loans to further pay off loans and further pay off loans infinite, we are screwed which its only a matter of time before our fraud(?) catches up with us.
The reporters spread propaganda. Not one of us likes being told your doing something wrong. When you play on that insecurity by laughing or scoffing that is a subtle form of propaganda. Dont you know that the point of view of the host is alwasy correct? Dont you just Love being Flattered on a daily basis by you favorite personalities?!?! RonPaul2008 C0M
It you took all the gold ever found for the last 6,000 years, and put it in one place it would be a cube 66 feet X 66 feet x 66 feet, and would be worth 1.4 trillion dollars. There is about 100 trillion dollars in fiat currency circulating in the world . Do the math, gold should be worth 26,000 an oz.
Great move. I dumped stock and invested 4k into silver a few days ago. Silver will have a wider gain because it's under value compared to gold. Gold should be at about 1200 and silver should be 1/16th of that $75oz. 4.4 times under valued compared to golds 1.34 times under valued. Silver may not follow the 1/16th ratio either, because the supply and demand ratio is not realized and it's harder to get; not just coins, but harder to find in the ground period. 12K when it jumps = 53K @ proper ratio
Why 16-1? Because that's the historic ratio? 16-1 is close to the ratio they used to mine the metals at. The last century I think it has been around 8-1, with a great deal of the silver being consumed and essentially forever lost while most gold still exists. Either way, how big the number we put in front of the metals is irrelevant. Their purchasing/trade value is the important part.
Trade value is the important part, but it's obvious silver is being held artificially low at the moment given demand is far outstripping supply yet has had little effect on price. As far as the 16:1 goes; historic ratio. Some think is should be 5:1. I'll take 8 though. That's an even better hedge against the bottoming out dollar.
Mostly I agree with you, but silver a much more volatile metal. GATA has proved manipulation in the gold market. What manipulation has there been in the silver market? I can see the industrial demand in Asia or the breakthrough technology using silver in catalytic converters bringing silver the the ratios you mentioned.
have you read patriot act ? They removed numismatic coins from exempt to be exempt u have to pay more than 50% than bullion price
they plan to confiscate all of your gold u r total idiots I have been trying to warn you
VivaMydick 3 years ago
Fox idiots probably never read anything about currency, gold standards, or history...
OF COURSE Schiff saves his tapes!! He's been right - and FOX has been wrong.
stevemcgee99 3 years ago
gold is 852 oil 113 :)
tuktukktotam 3 years ago
watch him saying we sell a lot of gold ! Mother fucker if u think gold is going to $5000 why the fuck r u selling it ?
confiscation of gold for $35 oz is on the way
DO NOT GET FOOLED
drinkinwithbob 3 years ago
he's referring to his investment company, Euro Pacific Captial. Their investors buy gold that is kept in the 100 yr old Perth Mint in Australia. The Mint keeps 100% reserves, in other words, they store your gold without loaning it so someone else, unlike American banks with your dollars. Schiff did not mean that he is selling HIS gold.
Bob, drink less, think more.
deahunt 3 years ago 3
confiscation of gold for $35 oz is on the way
DO NOT GET FOOLED
drinkinwithbob 3 years ago
Countrywide is FINE! Bear Stearns is FINE! Fannie and Freddie are FINE! Lehman Bros. is FINE! Washington Mutual is FINE! The U.S. consumer is FINE! The dollar is FINE! $20 per gallon of gas is FINE! Our imploding economy is FINE! The constitution is FINE! U.S. sovereignty is FINE!
dcs5150 3 years ago
So Peter Schiff is selling gold?
pjarosz 3 years ago
Oil+Gold+Federal Reserve+Debt= JEWS! They are behind this. They have been working on this for nearly a century.
foxxx2001 3 years ago
Schiff owned!
patriotsundergod 3 years ago
Schiff is right of course (as he is most of the time).
The Federal Reseve Banksters are destroying our Economy and this nation..just like their owners did to Argentina 10 years ago. The same BANKSTER Family Destroyed Germany in the 1920s and then used their wealth to put their counsin Adolf "Hitler" in power. (Of couse they same family was behind the French Revolution...Russian Revolution...and funded world wide Communism for 100 years!)
Go to Google video and watch "The Money Masters".
Ooloosoon 3 years ago 4
Pathetic, the only defense Faux news can take is to start making fun of him!
enomarekim 3 years ago 7
omg gold holds its value... dollars dont
lostorfound19 3 years ago 2
Gold does not restate earnings and can not be printed.
Just keep in mind gold is not an investment it holds wealth it does not increase it.
However like any asset if there is "erational exuberance" all of a sudden you can get more value from it.
But that effect can and will (years from now) happen in the other direction if we continue with fiat currency.
But in both cases the value of gold remains a constant.
davincij15 3 years ago 3
gold is money, money is losing its value.
99cachorro 3 years ago
i heard on the news last week it now cost americans 1.1 cents to make only 1 cent. the threshold was recently broken.
spanishaustralian 3 years ago
People...please do your research! Peter saves his tape to prove that he telling you the truth!
libertylearner 3 years ago 2
watch "america freedom to fascism"
hand out DVD's they are dirt cheap at its website site. $1.25 each.
.
spanishaustralian 3 years ago 3
it's on google too! it's a must watch!
Freedom to Fascism, fiat empire, money masters and zeitgeist.
iTellYouNoLie 3 years ago
hey dude check out "money, banking and the federal reserve" and my favourate one is "money as debt". brilliant and both short 40mis each. so so informative.
what other doco's you got for us my friend.
spanishaustralian 3 years ago
youtube borked my comment AGAIN!!!!! i swear youtube is full of bugs... i wish they would fix the commenting system!!!!!!!!!!!
stonerj0e 3 years ago
Those two reporters are malicious demon swine.
rebelsoldja 3 years ago
no shit! great observation!
stonerj0e 3 years ago
You're half right - Liz Clayman is nice eye candy and a Wall Street cheerleader (would love to see her in a mini-skirt), but she's a sweetie (not a demon). David whats-his-name is a Wall Street shill who tries to discredit Schiff whenever he can, but Peter still schools Dumbass Dave every time out.
BAOchsner 3 years ago 5
Every couple of month or so the Federal Reserve cuts the interest rate by a minimum of 0.25%. What will they do when they hit 0%? They will have to raise it, and what will happen? Complete economic collapse?
Considering we are borrowing to pay off loans to further pay off loans and further pay off loans infinite, we are screwed which its only a matter of time before our fraud(?) catches up with us.
Voidka 3 years ago
Platinum, gold, silver, copper....
Can you manufacture these things?
Do they deteriorate after time?
No. This is why we need to control these items.
But alas...I see what they are doing!!
They will give you $10,000 an ounce for gold because they can just turn the PRINTING PRESS on and MANUFACTURE the play money.
THESTRINGPULLER 3 years ago
If the 10 000$ are in very small coins that's okay with me...
trakkaton 3 years ago
We have been fooled into a real life monopoly game, but the bankers are fucking cheating
THESTRINGPULLER 3 years ago 4
they've been screwing us since before written history.
iTellYouNoLie 3 years ago
Just remember their power over you is in your mind. Remain free. Remain strong.
rebelsoldja 3 years ago
The reporters spread propaganda. Not one of us likes being told your doing something wrong. When you play on that insecurity by laughing or scoffing that is a subtle form of propaganda. Dont you know that the point of view of the host is alwasy correct? Dont you just Love being Flattered on a daily basis by you favorite personalities?!?! RonPaul2008 C0M
failderhorn 3 years ago 2
It you took all the gold ever found for the last 6,000 years, and put it in one place it would be a cube 66 feet X 66 feet x 66 feet, and would be worth 1.4 trillion dollars. There is about 100 trillion dollars in fiat currency circulating in the world . Do the math, gold should be worth 26,000 an oz.
boots920 3 years ago
Dump ass reporters as usuall, does not even know what purches power is. No wonder why they can get the sheep to put up with endless war!!!!
drunkenjerk 3 years ago
and what has Ron Paul been talking about all this time??? ....and STILL people don't listen to him....UNREAL
shinendeeneadie 3 years ago 3
listen to him america. lol
jeffsst 3 years ago
peter schiff is the f'n man!
TyredUvBS 3 years ago
Great move. I dumped stock and invested 4k into silver a few days ago. Silver will have a wider gain because it's under value compared to gold. Gold should be at about 1200 and silver should be 1/16th of that $75oz. 4.4 times under valued compared to golds 1.34 times under valued. Silver may not follow the 1/16th ratio either, because the supply and demand ratio is not realized and it's harder to get; not just coins, but harder to find in the ground period. 12K when it jumps = 53K @ proper ratio
forced4motorsports 3 years ago
Why 16-1? Because that's the historic ratio? 16-1 is close to the ratio they used to mine the metals at. The last century I think it has been around 8-1, with a great deal of the silver being consumed and essentially forever lost while most gold still exists. Either way, how big the number we put in front of the metals is irrelevant. Their purchasing/trade value is the important part.
erad67 3 years ago 2
Trade value is the important part, but it's obvious silver is being held artificially low at the moment given demand is far outstripping supply yet has had little effect on price. As far as the 16:1 goes; historic ratio. Some think is should be 5:1. I'll take 8 though. That's an even better hedge against the bottoming out dollar.
forced4motorsports 3 years ago
Mostly I agree with you, but silver a much more volatile metal. GATA has proved manipulation in the gold market. What manipulation has there been in the silver market? I can see the industrial demand in Asia or the breakthrough technology using silver in catalytic converters bringing silver the the ratios you mentioned.
erad67 3 years ago
Errrr, i just spent $2k on gold after watching this.
Organjic 3 years ago