Euro Pacific Capital Peter Schiff November 3 2008 CNBC - L

[hanyangwe]

God Rest Your Soul Mark!

[knockerccd]

Their ploys to get Peter to say what they thought their bosses wanted him to say is so obvious.

[KOOLJDJ]

bitch is f***** idiot..gold has no value?

[Qtiservices]

Wow! I love Erin, but she has it backwards. As of yesterday, May11th, 2010, Gold is fast approaching 1300 bucks on ounce and silver is almost 20 bucks an ounce. Gold has decoupled from the dollar and the dow will now lose value in gold ounces. Right now the dow is worth around 8.5 oz of gold and will drop to a 1:1 basis. I wish I would have listened to Peter sooner and I wonder who is laughing now, sadly. We are in huge trouble and if China backs their currency with silver w will be done 4 sure

[dellamalo]

If you were to buy gold on this exact date when Peter Schiff recommends it here you would be up 32% as of August 7th 2009.

[dellamalo]

He was right on about the 1-2 Trillion deficits that Obama is going to run. We are already at 1.2 for the year 09'.

[lti12]

the cnbc guy is so dumb and the girl is even dumber. She said Gold has no inherit value? How did she get a job at cnbc business? Gold has value, and it always had value, it is accepted all over the world. You cant say that about a dollar.

[sharky734]

"some times it makes sense" lol

[whater39]

Amazing video. Covers what is so wrong. How major parties have economics wrong. And how the voters are too stupid/short sided to see long term.

Also the ignorance of goods that have actual value.

The marginalization of truth tellers. And how the other voices are in a larger majority. And they they repeat them selves, so eventually the public will believe what they say.

[hudsterboy]

She misses the point about gold. Unless you can start manufacturing it, it's stable because it has a value based on its limited supply. She's saying oil has value. Yes, oil has value, but oil is (and has got to) be replaceable. Either oil will be replaced as the primary energy source, or we'll be living like cavemen in 50 years.

[yannchambrier]

Gold has no inherent value???

Hello Miss North Carolina, meet dumb shit host on CNBC.

[BandedArtists]

How did those people get jobs on an econ show? They are vacant minded propaganda trolls!

Oh.

[AmericanValues321]

this guy is right on

[kbeck8989]

Dare I say that I bet those talking heads own gold. They must be speaking on script. They must see what is comming. No one is this stupid. How dare they speak to Peter Schiff in such a condensending manner! They are both worthless.

[roseagain2]

They said "It's fun to speak with you but we don't believe you". But they won't be laughing when they speak to Peter again in 2009! Check out Campaign for Liberty dotcom!

[yukonjac]

what the hell is that chick talking about?! "gold has no value?"

[edwardwills]

@yukonjac GOLD HAS NO VALUE SHE SAID IT! haha Gold up 3700% in dollars, DOW is what up 700% or whatever since 1971, haha

[pieaficionado]

Outstanding.Why doesn't this guy come to the UK?We need someone like him on our BBC.

[mvandenberge]

you already do... his name is Max Keiser...

[pieaficionado]

Keiser is very good but he isn't as good as Schiff. Anyway, neither would be allowed any serious airtime on our so-called impartial BBC because they aren't left wing enough.

[mvandenberge]

True, it's the same here in the states with our 24/7 cable news media companies. They support party politics but not the truth behind major issues, nor the people talking about what is really going on.

[irakechipscom]

While gold is nice to have in a crisis... If you were starving to death stuck in solomon's tomb, or trapped in an area secluded from society, all the gold in the world couldn't save you.

Grains and wheat and rice and others are nearly essential for society to survive.

Oil can be used for heating houses, transportation, etc, and once it's used it's gone. Silver is actually being consumed and some estimate in 15 years we'll run out completely.

[stealthswimmer]

We'll run out of silver? Sounds like government getting involved with prices. Shortages are very rare in markets.

:D

Anyways, gold has value cus it can be used for certain things (i forgot what, I think chemists use it for certain stuff) and that's how the gold standard arose originally. Personally though I think the market should be left to determine money. Many bartering systems eventually led to monetary systems naturally in the past, and that's how you find the most convenient money.

[Lucky7wins]

But all the dollars in the world wouldn't save you either. When you work you get paid in dollars and not grains, gasoline, or wheat.

Gold is finite, the dollar is not. I rather have 1 oz of gold than 750 dollars. This girl from cnbc doesn't understand that gold has intrinsic value and the dollar doesn't.

[robertmurphy28]

That stupid woman should be off the air, what the hell she doing on tv. She should go play with her monopoly money.

[Lucky7wins]

Gold has no intrinsic value? That girl should go to a mine and take out an oz or gold. She should not be a talk show host.

[irakechipscom]

I think her point is that gold isn't as widely used as silver or oil, or ags, or other commodities, or FOOD. Gold has what value people give it, it can be used for some things, but it isn't really "consumed". Gold maintains it's value, but it goes up, only because the currencies around the world go down in value so it takes more dollars to buy the same amount of gold.

you actually need a buyer of gold to get something out of it.

[icedart2003]

exactly

[stealthswimmer]

I think that's the point ppl who buy gold try to make. It doesn't go up in value on its own. It keeps its value and only goes up due to other currencies going down in value. So it's really a store of value, it's not to "make" money or profit off of. It's more like a place for safe keeping.

Agreed with you about other commodities. Food, and even stuff like alcohol, got real value to them.

[Lucky7wins]

1oz of gold back in Roman times bout you 1 toga, 1 belt, and 1 pair of sandals. today 1oz of gold buys you 1 suit, 1 belt, and 1 pair of nice shoes.

Today I went to buy a sneakers it costs 1.57 for the big bar. Wasn't it 1 dollar a few years ago? wasn't gasoline 1 dollar a gallon 8 years ago?

There will always be demand for gold because gold is money. Dollars like Zimbabwe dollars are IOUs the gov. prints daily. I can print dollars and so can you, but can you print gold, silver, oil?