11/9/2009 Peter Schiff On FOX Business: Gold Shoots Past $1,100 As Dollar Falls Further

[GreaselessAnkle]

wow he had to inform her GLD is a ETF...how the fuck do these people stay on the air??

[TheBigdick888]

Gold is over 1320 today! Peter is right on the money!

[sgwarrenb]

GLD is not a stock... these idiots dun even know what they are talking about!

[niceone7812]

Greetings form the Netherlands I buy silver but when I sell I get euros.

[puffyDK]

Thats interesting, Im danish and I've been thinkin about investing in commodities. Except, while there is also inflation in europe (evident in the price of gold in euros), Peter often talks of a global boom once the US decouples. Question is, do we wanna be invested in com when that happens??

[niceone7812]

I bought silver not to make money but as insurance. we in the euro area should thank germany for not having a intrest rate thats zero. they know what infltion does

[residentzombie]

Agreed, but currently the USD is the world reserve currency so the US plays by different rules and the USD isn't falling off a cliff yet because of this.

[Greg78X]

What did anyone use to buy gold,, what do you get when you sell your gold.. the US doller

[leppy111]

You can buy and sell gold in any currency- you didn't invent it

[residentzombie]

10 years from now the USD will be no more or at best no longer the world reserve currency and greatly devalued by 50% or more. Don't trade your gold back for USD unless you need immediate liquidity and ONLY sell what you absolutely have to.

[dazzagazza6969]

The whole system is wrong. The 'elected' government has only 4 years to fix decades of greedy capitalism.

Panic! Panic!

This is what the government is thinking.

More money! More control!

This is what the banking cartel which owns the Federal Reserve is thinking.

Revolt!

Is what the general public should be thinking.

Why are they not?

Brainwashed for decades.

[residentzombie]

It's not Capitalism which is the problem, the pursuit of profit drives innovation. The problem is government involvement in Capitalism which has given us Corporatism now.

[panzerny]

no, it's the greedy capitalism we need to fix 4 decades of much more greedy , exploiting and destructive keynesian socialism. In capitalism the value of the money is regulated by the market and is more or less stable. In socialism we have it's regulated only by the gov. and fed's stupidity and greed, and so becomes unstable (and so it's plunging). One dollar nowadays is worth 4 cents one hundred years ago ! America, wake up and go back to the roots of capitalism...

[natandchieko]

peterisone class act, loved his passing comment about getting his own show. but i was surprised that he didnt say the USD may have a tempory rally which is possible as happened last year, before it continues on its downward trend to ablivion

[ditkuss]

Gold is not even close to being a "bandwagon", and silver is definitely precious. I don't know what the host is talking about.

[darkherokaze]

They can't give Peter his own show. It might be a little too obvious when they have to can him if a republican gets into office.

[Sourcererdolphin]

"If you have me on every time gold makes a new high you got to give me my own show"<<<classic!

[JessicaBelle81]

Did she really just say that Silver wasn't precious?

[Entropy137]

Yes she did. A lot of people say that. They don't know that silver was used as a currency even more often than gold.

[BlueEagle8]

The traders may be right. I don't thing gold is going to go straigh up.

Long-term there is no where for it to go but up, assuming the Fed and Govt policies remain the same.

In the short-term, we could see another dip (buying opportunity) to about 800 (compliments of Marc Faber).

[Entropy137]

True. In fact if you look at the long term chart of any commodity or stock, it NEVER goes straight up. They really should give Peter his own show.

[Freemarketeer81]

LOL people that expect a stronger dollar deserve what they get.

[Shaunt1]

Peter is being proven right more and more!

[svenp]

Rock star.

[pinkcheesegreengh0st]

Peter take them to the woodshed once again.

When will he beat it into their heads!

Fiat currency idiots is backed by nothing!

[AndyMH182]

Peter is awesome

[EMPIRE0FLIES]

You tellem Peter. Bunch o tards!

[Hopefl1]

Does this lady buy any food. Inflation duh.

[shacasulu]

good call hopefl1, i went to buy some medicine for my flu and when i looked at the counter i was like holy shit!!! the over the counter meds with up. thing that were like 7 went to 10. things that were 5 went to 7. point is things are going up.

[Hopefl1]

Maybe she is paid to act stupid. Wait until gas is at $4.00 then $5.00 as the dollar deflates.

[solojam]

sublime hoots on teh firebox

[ih8ronpaulh8ers]

Has there ever been someone that is this hilariously informative?? They seriously should give him his own show. That Nicole chick is great to look at but someone needs to mute her mic. What an idiot.

[stshell]

peter cracks me up. truth is we need loud voices like his more than ever; i kinda wish everyone else would shutup and listen once and for all to folks like schiff, jim rogers, marc faber, gerald celente.

[cabtrom]

Hey FOX you jackasses could aloow a little more time for him to talk. Or perhaps you idiot hosts could STFU long enough for him to talk. you idiots add nothing to the show.

[YTSavedMyLife]

If you had a small amount of money would you buy gold? If so would you be buying it to make a profit (and then sell for cash) or to keep as "money" in case fiat currency collapses?

Are some american investors looking at the potential collapse of the dollar (and potentially America itself) as an "investment opportunity"??

Think carefully. If the dollar were to collapse what you buy with your money NOW while it has value may well be the most important decision of your life!

[mustang607]

Inflation: The increased use of paper currency, not warranted by the security or other circumstances.

The American Dictionary of the English Language

[FGTBOGSAT]

Peter is right!

[sljs1010]

Silver is not precious?? There is less silver than gold in the ground. Silver will catch up to gold very soon.

[CBound]

Less silver ABOVE ground perhaps, not "in the ground".

I do hope silver will shoot higher and catch up to gold, I own silver.

[panther9mm]

dow =1 ounce gold

s&p = 1 ounce silver

[cas111498]

she looks maulable!

[mike6459]

"silver is not exactly precious'...above ground supply is 1/10 what it was 10 years ago

[TrevorJNoyes]

They should give him his own show as the rest of the crew are just pawns.

[99cachorro]

yea! give peter his own show

[JackNeedles]

Just a few Inflationary mechanisms that will inevitably lead to a weaker dollar and higher gold/silver prices:

1.Banks currently storing money. Once they 'open up', a very large amount of new capital will flood the system in an inflationary stampede that will crush the dollar.

2. Foreigners becoming more bearish, buying less U.S. debt (bonds/treasuries, etc.), which will lead to debt monetization, which means more inflation.

3.More government spending as the economy gets worse.

[boots920]

Note:

Pre 1933 double eagles have a 4 to 5 hundred dollar premium.

Silver is rarer than gold above ground it could be equivalent to gold.

[birdlives2000]

Peter you have to watch your manners! Let people talk

[Intervene]

Go Peter!!

[AFRIKTODAY]

Boy know his stuff!!

[stellaconcepts]

"silver isnt exactly precious"

lol...

these info babes have no friggen idea

[KeanOOO]

Lady obviously likes her jewellery in gold... Can't be buying her no cheap silver.

[smokinranger8]

funny how silver, platinum and palladium and other metals have gone up more % wise than gold this year, and are still very cheap relative to the all mighty store of value, just a matter of time :)

even if by some miracle Ron or someone like him got in there and wasn't killed it (it being the dollar) still HAS to lose a lot of its value.

[ctfam]

I'm in CT. Peter where the hell are you campaigning??! Don't screw this up! Get out here!

[MengersDisciple]

@ctfam Peter's calendar looks quite busy with campaign events on schiffforsenate com

[AFRIKTODAY]

Peter Schiff for the Nobel Prize!!!

-Ron Paul for Nobel Prize!!!

[scottvska]

Booga booga, click click.

[soundmoneyfan]

oh peter haha, you crack me up. get out there and do some campaigning!!! i want you to be out there talking to real people in your state!!! not the stooges that watch this network all day

[BlueSkies360]

Peter need his own show on FOX @ 6 or 7 pm EST. Shepard Smith and Bred Bear are empty suits--we need to replace them with Judge and Peter Schiff.

[30percentplusreturns]

Gold will be like the nasdaq when it broke 1000. Soon you will see 2000, then 3,000, then 4,000, and then a blowoff to the top. Just another bubble created by the fed to get rich off of. Hahahaha

[AFRIKTODAY]

Gold doesn't go up, it is its value relative to the dollar that increase! The real matter is how low will the dollar fall along with other FIAT money out there? There is no fundamental bubble! This is the commodity decade and you better get in before it's too late! There is no bubble! The real bubble is in the paper currencies out there!

[hnsbro]

agreed but i dont think its that simple. If you notice every once in awhile an unexpected event (India buying 200 tonnes) jumps gold to a new level in a matter of hours. The corresponding purchasing power of the dollar did not decrease simultaneously. In these cases the value of gold seems to go up in all currencies.

[AFRIKTODAY]

Indeed! But we ought to be careful! The stock market is not an indicator, it is not a metric of measurement whatsoever! The real value of gold is subjectively related to the value of the FIAT currencies and the health of the US economy. For close to 10 years now, the US economy has been teetering from within despite the stocks bubbles! The Indians are just reacting to the facts rather than directing them. The US is in bad shape, Gold clearly shows it and the pack follows regardless of it price!

[Krampfarsch]

i could image a short squeeze for the dollar, in the long run peter is a 100% right

[danfg]

Peter is amazing, but he is talking way too much! Settle down :-)

[AiresQX4]

Just got our first gram of gold today!

[pulpBleacher]

1.00 US Dollar = 1.07 Canadian Dollar

(Bank of Canada, 2009).

[grumpone]

Ha, ha "if gold goes any higher, you'll have to give me my own show!"

[sdege00]

Peter is absolutely right on but he needs to let the others speak. He should just wait for a cue and then talk.

[slangsd]

yeah, i somewhat cringe a little when he keeps talking...it makes him look bad even though his message is so poignant

[4rcane]

peter loves talking alot it seem. He been pushing for his own show for a while now

[Tasadaru]

Silver is a precious metal. Silver is more precious than gold for it has more uses. And there is a good chance that silver will exceed gold in price when commodities start becoming bubbles, even if it be temporary. Crazier things have happened. Remember the tulip mania?

[pomnew]

Peter is great.

[4rcane]

she said silver, not really a precious metal

[vinny1010]

lol - she doesn't know what she's talking about. Silver is more scarce than Gold

[puffyDK]

HAHAHA loved the smartass comment at the end LOL

[NowisEvollovetion]

Owning Gold is just GREAT,

But owning SILVER IS SIMPLY SUPERB.

Gold is the mummy, SILVER IS THE DADDY.

Hi Ho SILVER.

[jjrglobal]

Agreed, gold to silver ratios are at historic spreads, they were much better a few months back at 100:1 but 67:1 wont last either. When it gets back to the normal 25:1 or 30:1 ratio I'll start buying gold. Until then its a pretty easy choice. What % are you paying over silver spot for physical, including delivery? Just curious if I'm paying to much

[AiresQX4]

I paid $23 for an ounce of Silver off of Ebay.

[joeymackaroni]

go to APMEX pall thats waaay to much

[CBound]

Check out Bulliondirect . com

A one once round = $18.00 + 1% + shipping

A one ounce ASE coin. $19.05 + 1% + shipping

---

I don't have any connection with BD other than I've used their website to buy G&S.

[sonnybrown]

nice. thx for that

[AiresQX4]

Gold has gone up $859 in the past 10 years and Silver has only risen to $12 since 99'

Do you know something I don't?

[NowisEvollovetion]

Silver has not even begun to move yet.

When the silver/gold ratio comes back down to what are its historic levels (approx 15/1 over the last 5000 years of recorded history) things will then become interesting to watch.

I am sure the silver/gold ratio will even in time reach a single figure level due to the relative scarcity of silver compared to gold in above ground supply.

Hence why I have some gold but I mainly purchase silver.

Best Wishes.

[jjrglobal]

Silver is making major moves to the upside. Just over the last few months silver has gone from 100 onces of silver to buy an ounce of gold to 62 ounces of silver to buy an ounce of gold. That ratio should be around 25 to 30 to 1. We are in the midst of that correction right now. Just like everything else its a matter of timing and right now its silvers time. Look at the charts the last few months, silver is way outperforming gold. You have to base this on % of return on investment, not $amount

[Lamarrxyz]

The silver mining company Hecla (HL) has been solidly moving up recently.

[arcanekrusader]

Brilliant :D

[narutofan1108]

Schiff for Senate!!