I would rather lick the dirty anus of a goat than listen to one more proterrorist proracist antiamerican word out of Peter Schiff the liberal big government loon.
What the hell are you talking about? Schiff is a liberal big government loon? That would be like saying Barack Obama loves free markets and studied extensively on the practices of Austrian Economics.
Wanna" do something?STOP Obama from signing the Cop 15 Treaty, or the country we LOVE and CHERISH will see a REVOLUTION that will make the civil war look like a carnival. People out here KNOW Obama, Bernanke,and The Fed, are illigitimate frauds, and Global Warming is bullshit science. We'll not stand still while O'Billary signs over U.S. land to the chinese as collateral,allows foreign troops to train on U.S. soil, intentionally crash the Dollar, and hand us over to socialist control!
What the fuck is gold? It is a fucking rock. What the fuck is money? Paper that represents a fucking rock. Why are people so stupid? Shove your gold up your ass. I will punch it through your empty ass head.
Go buy a $100 dollar sheet of cotton formed into a shirt with printing on it with your fucking rock. Does it make you feel better?
You Wanna know why people are so stupid? It's because I.Q challenged individuals like yourself ask a question"What the fuck is gold?" and then answer yourself with the wrong answer!Gold is a metal genius.
In May 2002, Schiffty Pete predicted hyperinflation, skyrocketing interest rates and the Dow falling to 2000 within two years. None of that happened. Investors who followed his advice got creamed.
Schiffty Pete is just another fearmongering RepubliCon politician.
I am more attracted to gold, but if you and other goldbugs are elected and introduce gold standard or gold as currency, how do you skirt criticism that you are just feathering your nests by doing that? How can you evade the accusation that there is a conflict of interests in doing that? Kind of corrupt. Say I had a great collection of seashells and I became president and then introduced shells as currency, I would be accused of acting out of self-interest.
What does high school age have to do with buying gold?
Because to buy it from Schiff they need a brokerage account. How does a minor open a brokerage account and how does an ethical stock broker allow children to make their own investment decisions while taking a commission along the way? Especially from somone who says they want to go to washington to clean up the ethics. Its obvious if you think about it.
I love Peter Schiff, but I would love to have this question answered... why does he limit his focus to gold? Surely someone as intelligent as him knows that such complicated issues cannot be explained by one factor (i.e., gold price is up, therefore Federal Reserve is bad). Isn't gold more of a luxury? What about the price of commodities with a function that people depend on, like oil and copper?
Schiff's Thesis: 1 US Dollar Will Go To Zero 2 Decoupling 3 Buy foreign equities and commodities and hold with no exit strategy. SCHIFF WAS WRONG: about 1 hyperinflation, 2 dollar, 3 commodities except gold, 4 foreign currencies except Yen , 5 foreign equities, 6 timing, 7risk management, 8 buy and hold, 9decoupling, 10 treasuries, 11 interest rates. That's a lot of things to be wrong about. He was right about the collapse of US equities but his strategy DIDNT SEEK a gain from his prediction!
Just keep buying Peter Schiff bought under $500.00 Cannot see that in two days GOLD will fall $80! Just keep buying.......... and VOTE for him too. Spin this!!!!
They may be dumping their gold to repay their debts, that may be cause for recent drop in metals prices but wont be long before it takes off again. Probably early 2010 we will see large increase.
When Peter Schiff talks I have not heard him once say invest with me.
What he says is about the bigger picture the conncetions, money printing and the impact on assets.
How to invest your money that is up to you. Peter Schiff talks sense. If you want to concentrate on statements and performance when you havedo not plan to invest with Peter what is the point.
You might as well hang on the pearls of wisdom you get from Bernanke/Greenspan/Plosser/Mishkin the clowns that Schiff warned about.
Today you see real image of how they can manipulate the markets by saying losing only 11000 jobs is mind blowing as I know the figure is more than 100000 at least. They just wanted to get gold price down and dollar value up.
These new figures out today are fishy....very fishy. The Non Farm Totals have clearly been meddled with.... expected to loose 190,000 jobs...yet only loose 11,000.....Obama needed a boost after months of a crashing Dollar...It makes no sense that this would happen so dramatically. No doubt they removed nearly everyone they could to make the figures look better. Watch now as everyone runs back into the Dollar and gets massacred while we Goldies :D SURVIVE the death of the Dollar lol
There is wrong....then there is lying...139,000 in Sept down to 110,000 in Oct and then we have 11,000 jobs lost in November when they were expecting far worse than October.....someones playing us for fools. Mark my words....Gold will rebound strongly. Ask yourself why China and India are Pro-Gold at the moment? They would not be unless something was seriously wrong with the Dollar. Another question is who sold their Gold?
Dubai sold gold to repay their debts, secretly of course. And youre right, only a moron would believe govt numbers at this point. Gold to rebound early 2010.
"He's a stock broker running for senate on your nickel." I'd vote for a stock broker over a 'community activist' (e.g. lifelong politician) any day of the week. Also, the nickels are his to spend, he's certainly earned them.
"...this guy is unelectable" Why exactly?
"eventually fade away" So your support is behind Dodd?
I laugh at those that hate Schiff's world view, yet come back week after week, because they can't get enough. One day you'll get off the little bus.
He didnt predict it exactly, the media asked him when it would go over $2000 and he said he didnt have a crystal ball and didnt know but they pushed him for an answer and he said maybe in 2009. So you see it wasnt an outright predicition he made. Peter Schiff has been more correct than anyone else I've seen.
I tell ya what Lao, I'll show you mine if you show me yours, and you have to know I doubt my returns are as good as Peters, long term (5-10yrs). I am that confident that his returns would rival anyone. I know hard hard it is to do very well year after year.
if his clients returns are so good and he wants more clients then why wont he disclose his performance? I mean he is such a genius why wouldnt he want to prove it? What's he got to hide?
His clients accounts are not identical, AND he cannot run around telling the world how his individual clients are doing. It's that crazy confidentiality thing. just crazy huh?
He can and does speak in general term wrt the 'avg' client. As for wanting more business, well duhhh, who doesn't?
You've already decided he is not a genius, so no amount of proof would suffice anyway. Dust off.
His clients follow his advice. That is the only reason to use his overpriced brokerage service. So, what is their average annual return for the past 10 yrs? He also has his own brokerage fund. What is its average annual return? Don't you want to know? Assuming the percentage of customers not following his advice, but still using him for trade execution is constant, the average annual return of all clients reflects his ability to give advice that out performs the market. Why wont he disclose?
Only that, at better than a grand an ounce, this is not the time for a normal guy to BUY Gold. You want to buy low to SELL high.
The high price is only beneficial if you already have wealth whose value you're trying to protect, like India and China are doing, but this involves billions in dollars and tons of metal. Not for the average Joe.
The average Joe would not buy Gold but would want his earnings to be pegged to something like Gold so that the value of his labor is not stolen.
All yes how sweet it is gold gos up, And the USD gos down. You all know Obama is going to save us? mummm got A war,co2/tax,and bullshi_ health care that by the will only cost 800,000,000 A day. And FU peter:)
Then go with silver. To be honest im 100% certain silver will do better than gold in the next 2 years. I have more silver than gold by far, not because i cant afford gold but because i think the return will be that much greater down the line.
You can buy 1/10th oz coins :P The minute you tell yourself you're too poor to invest in your future, and your capital, is the minute you guarantee you'll stay poor forever.
Whats wrong with gold hoarding? If I had some, Id definitely hoard it. Buying things with your productivity and storing them to retain wealth is the natural progression of anyone who values their labor. Its the exact opposite of living month to month and spending every penny you have, retaining nothing so you have to borrow from banks, friends and family every time you need new tires. People who hate hoarding simply dont want to be responsible and save for their future. Its a sad societal state.
Ezekiel 7:19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
Peter, I invest in gold. Because it's common sense. But I do have one question. How is the price determined? I don't think it's based on supply and demand. My reasoning is because of the derivative market. It's much bigger than the actual market. Gold is being priced by traders that never own the gold and are debating future prices of nothing. You can't even redeem your gold from the comex anymore. What's the real price? I believe much higher.
Although I agree with pretty much everything Peter Schiff is saying, I have a question. Even if he does end up getting elected, how is he going to change anything. After all,
he still is just one person. How is he going to persuade the entrenched congressmen to change?
Also Pete, can you elaborate on the inflationary effects of securitizing cap ex by using an intangible assest such as exchange traded derivatives.
Business costs will be increasing at the earlier stages of business development. Right now, one reason we are not recovering is because it costs SO MUCH just to get your localities approval to do ANYTHING.
Once they start giving money away for that = INFLATION. In my opinion. Can you elaborate on that in your videos.
Why isn't there more talk about Glass Steegal and the Gramm Leech Bliley Act?
Why should I, as the American Taxpayer, guarantee through the FDIC, poor investment vehicles that idiots CHOOSE to invest in, such as intangible assets like derivatives?
i'm a testimate to what you are saying.. i got laid off yesterday after 10 years of working for this one company as a founder of the company that was bought by another. it is getting worse, many companies are eliminating long term employee's to keep from paying them. more and more key persons are being eliminated because of their pay.
"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." - Thomas Jefferson
Wow, the dollar rallies are getting more pathetic each time.
Nice correction in PMs today, now we can go higher?
Google "U.S. bank enemies at the gate could trigger sudden gold break out" for a different take on the Dubai default.
If bail outs are neccessary from other countries, dollar denominated bonds will get dumped on the market, creating massive inflation and triggering a buying frenzy for gold and silver all over the world.
i can't wait until Peter gets on the senate finance committe, go get 'em Pete, tell em whats up... if Peter loses to Dodd, I sure hope he debates and stays in the race till the end to make his points well known.
in 09 i have been paid here in CLP pesos, the dollar has dropped 14% vs CLP, If you want the best yields, invest in the currencies that are from countries without a deficit and large reserves of resources, i-e gold, oil, copper, Chile
yes peter, save us from our ignorance. you are the only one who knows how the world works and who is not shy to tell us. You will be the only one in congress smart enough to deserve to be there. oh, wait, we voters are the ones who elected congress so we may fail to see that only you can save us. Better keep selling gold to school kids and telling people to get their money out of usa. that will really play out well this election. yeah. Lets do another money bomb so we call all make you a senator
My pencil broke, somebody add Lao to the growing list of stupid American's who feel it's better to chain themselves to the sinking ship to ensure they will go straight to the bottom with it vs. stepping into Peters lifeboat. Sooner or later Lao, evidently much later for you, you'll realize being a martyr for a country who does not care about you isn't where it's at. You're a fool if you do not act in your own best interest.
Peter is not a life boat. He's a stock broker running for senate on your nickel. Me, I left the US nine years ago. My point is this guy is unelectable and he seems to have a napolean complex. He will lead his sheep tooff the cliff and eventually fade away into the footnotes of CNBC. So how is that in your best interests?
So what senators in office or running for senate do you know that have a better grasp on monetary policy and will work to implement the reforms we need in order to stop driving this train off the cliff?
it doesnt matter unless there are more than 30 of them. That's sort of the point. Anyway, the problem with Schiff is that he bases his decisions on how he thinks the world ought to work, not how it really works. That's why he's always five years too early or five years too late in his calls, and that is why his customers have lost so much money over time.
you know, people were telling me to buy silver and store freeze dried food, get ready for the end, back in the 1970s. I have heard enought of "if you bought X at time Z it would be worth Y today," yes that's great analysis. If I had bought maple syrup in 2001 it would be up too. So what, that's just hindsight.
His customers are losing a lot of money? Really? Are you just talking out the side of your mouth with baseless assumptions, or do you actually have some sort of proof of your claim? If so I sure would like to see it.
you tube does not let you post links so you will have to translate this address a little bit. In this report on schiff you will also see actual Euro Pacific customers monthly statements
h tee tee p: / /globaleconomicanalysis dot blogspot dot calm/2009/01/peter-schiff-was-wrong.h tee em el
@laosuwan as far as i know, for those who stayed with schiff, their accounts have recovered since the lows and even gained more than wall street because he invested in china, and the stocks there doubled. either way, saying something like "i challenge you" in the wilderness of internet cyberspace where it almost seems like you're talking to yourself in an echo room is rather hilarious. peace.
That's my point. All we know is what Schiff says and all he says is "my clients do great.". So why wont he disclose his average returns? He should be beating the market so why wont he disclose? Every other brokerage and fund discloses, why not Schiff? Everyone on this channel should demand Peter disclose his clients average annual return for the past ten years to prove me wrong!
What does high school age have to do with buying gold?
Because to buy it from Schiff they need a brokerage account. How does a minor open a brokerage account and how does an ethical stock broker allow children to make their own investment decisions while taking a commission along the way? Especially from somone who says they want to go to washington to clean up the ethics. Its obvious if you think about it.
Dude, who said anything about needing a brokerage account?
You must be from the states.
I think at one time the U.S. gov't sent people to jail for possession of gold. Even today you can be sent to jail for pressing gold coins. In canada young adult person willing to pay can own & buy gold.
Just one of the many insane regulations the U.S. finds itself in such poor economic standing.
At least with some voice of sanity Peter Schiff can play a roll in correcting insanity in Washington.
Peter, I dunno if you ever actually check these, but I would like to recomend that you check out Debra Medina running for governor of the state of Texas. I really think that you would respect her as much as I do. MEDINA FOR TEXAS 2010
it should be mandatory for everybody in office to take at least two years in economics. Maybe then we would have sound government and more with the view of Mr Schiff.
i think the problem is that the liberals in office do understand economics and they realize their ruining the country in order to gain more power. liberalism has stayed alive due entirely to politicians getting the "sympathy vote" from [the many] ignorant people. like universal healthcare, they make it sound like theyre the "peoples heroes" come to save us from the evil corporate America, when really they just want to control our lives more. yet people refuse to believe it.
it would be better if politicians had no power whatsoever to interfere in the economy. they should be restricted to defending people from physically harm (police) and financial harm (courts).
Picking just one issue from this report: he makes one simple point at 6:12. There is an upper limit to the possible number of job losses, because there is not an infinite number of jobs! It's basic mathematics.
By the way wait until you see the effect national health care will have on overseas outsourcing...
I just can't believe the below comments are the best we can get on this clip. Like him or not, the issues raised here are more important than the "war" we have going. (Being a military history bug and former army, I don't think this [my] generation knows what a real war is.) Schiff can be a bit aggravating and his father is a convicted felon (I know, his dad's tax arguments are good), but he seems like a good, but quirky, guy. A lot of briliant people are quirky. Getting ganged up on does that.
I would rather lick the dirty anus of a goat than listen to one more proterrorist proracist antiamerican word out of Peter Schiff the liberal big government loon.
TerrorWarrior5000 1 year ago
@TerrorWarrior5000
What the hell are you talking about? Schiff is a liberal big government loon? That would be like saying Barack Obama loves free markets and studied extensively on the practices of Austrian Economics.
rmccay88 1 year ago
@TerrorWarrior5000 so what exactly you don't like to what he says. Give us some no nos, you anus licker
bykashka75 1 year ago
@TerrorWarrior5000 Another pathetic piece of shit with no arguments. Go fuck yourself and your goat.
TWSceptic 2 months ago
Comment removed
ERROLCUSTERFLYNN4EVR 2 years ago
poopyscoopy5
Gold is NOT a rock
its a Metal
just like your CRANIUM
MrHarry46 2 years ago
@MrHarry46 joos 2 zoos
JudenRaus2010 1 year ago
poopyscoopy5
having sex with your mother is NOT ok
inbred FOOLS like you deserve nothing but the best....
jails to lock you up in
MrHarry46 2 years ago
TheDigitalWeb
your IQ will cause these things to happen
not because youre so intelligent but .....
because you have the IQ of a shoe lace
MrHarry46 2 years ago
Wanna" do something?STOP Obama from signing the Cop 15 Treaty, or the country we LOVE and CHERISH will see a REVOLUTION that will make the civil war look like a carnival. People out here KNOW Obama, Bernanke,and The Fed, are illigitimate frauds, and Global Warming is bullshit science. We'll not stand still while O'Billary signs over U.S. land to the chinese as collateral,allows foreign troops to train on U.S. soil, intentionally crash the Dollar, and hand us over to socialist control!
TheDigitalWeb 2 years ago
This has been flagged as spam show
heyooo check out my channel pwease :) im trying to get started :P
loveyabye
sayumface 2 years ago
What the fuck is gold? It is a fucking rock. What the fuck is money? Paper that represents a fucking rock. Why are people so stupid? Shove your gold up your ass. I will punch it through your empty ass head.
Go buy a $100 dollar sheet of cotton formed into a shirt with printing on it with your fucking rock. Does it make you feel better?
poopyscoopy5 2 years ago
You Wanna know why people are so stupid? It's because I.Q challenged individuals like yourself ask a question"What the fuck is gold?" and then answer yourself with the wrong answer!Gold is a metal genius.
endgamed 2 years ago
@endgamed
You got me man! Did it sound like I gave a fuck enough to see what gold was classified as? It looks like a rock aka a clump of shit (read metal).
Nice name btw.....
poopyscoopy5 2 years ago
jews out of usa
JudenRaus2010 2 years ago
@JudenRaus2010
Racist and anti-Semitic inbreds should get out of the USA.
zetsway5000 1 year ago
You are made of win, sir.
tehGR1ZZ 2 years ago
In May 2002, Schiffty Pete predicted hyperinflation, skyrocketing interest rates and the Dow falling to 2000 within two years. None of that happened. Investors who followed his advice got creamed.
Schiffty Pete is just another fearmongering RepubliCon politician.
AtlasShruggery 2 years ago
@AtlasShruggery
We don't see inflation because they shrink the quantity of an item rather than raise the price..much more covert and less noticed
Watch the sizes of cereal boxes over the last few years...that shrinking box IS the inflation.
This is actually a very good indicator, reflecting the reduced purchase power of our dollar. aka inflation.
uturniaphobic 2 years ago
I am more attracted to gold, but if you and other goldbugs are elected and introduce gold standard or gold as currency, how do you skirt criticism that you are just feathering your nests by doing that? How can you evade the accusation that there is a conflict of interests in doing that? Kind of corrupt. Say I had a great collection of seashells and I became president and then introduced shells as currency, I would be accused of acting out of self-interest.
Youreallsheople 2 years ago
Lol what a logic.
rumco 2 years ago
This has been flagged as spam show
What does high school age have to do with buying gold?
Because to buy it from Schiff they need a brokerage account. How does a minor open a brokerage account and how does an ethical stock broker allow children to make their own investment decisions while taking a commission along the way? Especially from somone who says they want to go to washington to clean up the ethics. Its obvious if you think about it.
laosuwan 2 years ago
I love Peter Schiff, but I would love to have this question answered... why does he limit his focus to gold? Surely someone as intelligent as him knows that such complicated issues cannot be explained by one factor (i.e., gold price is up, therefore Federal Reserve is bad). Isn't gold more of a luxury? What about the price of commodities with a function that people depend on, like oil and copper?
bmxtra211 2 years ago
peter realy dont listen to the idiots
keep up the good fight
you are a hero to many of us americans that support you
and for the chriss dodd supporters get a life with your corrupt politican
peter is a true leader confident not proud but straight shooter
i dont agree with everything but hes better than most and can drink from my canteen anytime
even if i just bought a gold canteen lol
buy gold silver and food first year of depression has just started
hes aces
winner502 2 years ago
The Dollar is coming back STRONG!! YEAH BABY!!
BeansRBeans 2 years ago
I love it when people bash Schiff, they sound so dumb because so far he is the only one who is right on everything with this economy.
leonitis007 2 years ago 4
Schiff's Thesis: 1 US Dollar Will Go To Zero 2 Decoupling 3 Buy foreign equities and commodities and hold with no exit strategy. SCHIFF WAS WRONG: about 1 hyperinflation, 2 dollar, 3 commodities except gold, 4 foreign currencies except Yen , 5 foreign equities, 6 timing, 7risk management, 8 buy and hold, 9decoupling, 10 treasuries, 11 interest rates. That's a lot of things to be wrong about. He was right about the collapse of US equities but his strategy DIDNT SEEK a gain from his prediction!
laosuwan 2 years ago
Haha @6:16 is that your native Connecticut accent coming through.
wuptdo2 2 years ago
Is paper, backed by NOTHING, money?
PETER SCHIFF 2010!
iannetta11 2 years ago
Just keep buying Peter Schiff bought under $500.00 Cannot see that in two days GOLD will fall $80! Just keep buying.......... and VOTE for him too. Spin this!!!!
Tradewithmojo 2 years ago
Is Dubai dumping their gold?
And should you be?
DillonX 2 years ago
They may be dumping their gold to repay their debts, that may be cause for recent drop in metals prices but wont be long before it takes off again. Probably early 2010 we will see large increase.
CASTILLOM1 2 years ago
Schiffty Pete. Just another fearmongering Republican politician.
Even a broken clock is right twice a day.
AtlasShruggery 2 years ago
GOLD: THE NEXT GLOBAL BUBBLE
MasterOfComics 2 years ago 2
About time somebody else copped on to this.
djguy100 2 years ago 2
Gold took a big dive today - looks like a good time to get out of gold.
DillonX 2 years ago
Look at the long term trends. If gold dipped today, it would be a good idea to buy more.
JesusHatesChristians 2 years ago
Agree with JHC, if metals drop its good time to buy not sell.
CASTILLOM1 2 years ago
In July of next year, I plan to have some black humor at Newsweek's expense with their "The Recession is Over" issue.
nonantianarchist 2 years ago
When Peter Schiff talks I have not heard him once say invest with me.
What he says is about the bigger picture the conncetions, money printing and the impact on assets.
How to invest your money that is up to you. Peter Schiff talks sense. If you want to concentrate on statements and performance when you havedo not plan to invest with Peter what is the point.
You might as well hang on the pearls of wisdom you get from Bernanke/Greenspan/Plosser/Mishkin the clowns that Schiff warned about.
lakhvinderb 2 years ago 2
Today you see real image of how they can manipulate the markets by saying losing only 11000 jobs is mind blowing as I know the figure is more than 100000 at least. They just wanted to get gold price down and dollar value up.
mechanicalengineer3 2 years ago
These new figures out today are fishy....very fishy. The Non Farm Totals have clearly been meddled with.... expected to loose 190,000 jobs...yet only loose 11,000.....Obama needed a boost after months of a crashing Dollar...It makes no sense that this would happen so dramatically. No doubt they removed nearly everyone they could to make the figures look better. Watch now as everyone runs back into the Dollar and gets massacred while we Goldies :D SURVIVE the death of the Dollar lol
jnadreth 2 years ago
Or maybe the analysts were wrong with their predictions.
rxbladess 2 years ago
There is wrong....then there is lying...139,000 in Sept down to 110,000 in Oct and then we have 11,000 jobs lost in November when they were expecting far worse than October.....someones playing us for fools. Mark my words....Gold will rebound strongly. Ask yourself why China and India are Pro-Gold at the moment? They would not be unless something was seriously wrong with the Dollar. Another question is who sold their Gold?
jnadreth 2 years ago
Dubai sold gold to repay their debts, secretly of course. And youre right, only a moron would believe govt numbers at this point. Gold to rebound early 2010.
CASTILLOM1 2 years ago
Or maybe someone f*cked up their spreadsheet :)
mr82769 2 years ago
@laosuwan -
"He's a stock broker running for senate on your nickel." I'd vote for a stock broker over a 'community activist' (e.g. lifelong politician) any day of the week. Also, the nickels are his to spend, he's certainly earned them.
"...this guy is unelectable" Why exactly?
"eventually fade away" So your support is behind Dodd?
I laugh at those that hate Schiff's world view, yet come back week after week, because they can't get enough. One day you'll get off the little bus.
mccask13 2 years ago
Schiff said earlier that gold would probably be over 2,000 by the Dec 31, 2009 & possibly over 5,000.
I'll take that bet as it was a crazy prediction for him to make.
DillonX 2 years ago
He didnt predict it exactly, the media asked him when it would go over $2000 and he said he didnt have a crystal ball and didnt know but they pushed him for an answer and he said maybe in 2009. So you see it wasnt an outright predicition he made. Peter Schiff has been more correct than anyone else I've seen.
RobbyRichards 2 years ago
I challenge Schiff to post the average returns for his clients on a year-by-year basis.
laosuwan 2 years ago
I tell ya what Lao, I'll show you mine if you show me yours, and you have to know I doubt my returns are as good as Peters, long term (5-10yrs). I am that confident that his returns would rival anyone. I know hard hard it is to do very well year after year.
TraderSteveR 2 years ago
if his clients returns are so good and he wants more clients then why wont he disclose his performance? I mean he is such a genius why wouldnt he want to prove it? What's he got to hide?
laosuwan 2 years ago
How dumb are you, lao?
His clients accounts are not identical, AND he cannot run around telling the world how his individual clients are doing. It's that crazy confidentiality thing. just crazy huh?
He can and does speak in general term wrt the 'avg' client. As for wanting more business, well duhhh, who doesn't?
You've already decided he is not a genius, so no amount of proof would suffice anyway. Dust off.
TraderSteveR 2 years ago
His clients follow his advice. That is the only reason to use his overpriced brokerage service. So, what is their average annual return for the past 10 yrs? He also has his own brokerage fund. What is its average annual return? Don't you want to know? Assuming the percentage of customers not following his advice, but still using him for trade execution is constant, the average annual return of all clients reflects his ability to give advice that out performs the market. Why wont he disclose?
laosuwan 2 years ago
Its ironic you think Mussolini's definition is the only existing form of fascism, then again you are pretty stupid.
mitchrix31 2 years ago
This has been flagged as spam show
You can do it!!!
nocomprehendere 2 years ago
Only that, at better than a grand an ounce, this is not the time for a normal guy to BUY Gold. You want to buy low to SELL high.
The high price is only beneficial if you already have wealth whose value you're trying to protect, like India and China are doing, but this involves billions in dollars and tons of metal. Not for the average Joe.
The average Joe would not buy Gold but would want his earnings to be pegged to something like Gold so that the value of his labor is not stolen.
RvNYC 2 years ago
I've noticed low views on the Wall St. Unspun Youtube vids.
The new channel where new Wall St. Unspun vids are posted is:
/user/WallStUnspun
Put that after the youtube address.
harveybirdmannequin 2 years ago
bernanke ur going down !!!!!!!!
fazadeset 2 years ago
All yes how sweet it is gold gos up, And the USD gos down. You all know Obama is going to save us? mummm got A war,co2/tax,and bullshi_ health care that by the will only cost 800,000,000 A day. And FU peter:)
JO45YOU 2 years ago
@JO45YOU *way* sorry
JO45YOU 2 years ago
also peter you should say even children know whats coming
because thee adults have become to corrupt in there pursuit of greed to think rather than act
it gives me hope that children have the good sense that god gave them
that there uncorrupted minds can see threw the lies
because the adults that have delusioned themsevles cant believe its really happening
wake up america
because as bush said i see storm clouds on the horizon he new and was warning you
wake up
winner502 2 years ago
Man I hope he wins the Republican nomination and the senate race against Dodd. That sure would be a major victory for the people of this country.
milkman52879 2 years ago 5
peter its like talking about life boats on the titanic those that listen will live and the rest will starve
enjoy america your leaders led you down the path of destruction of your jobs and healthcare
soon we all will be eating out of garbage cans
good luck and peter well you are right
like socrates talking to the greeks thinking rather than rashness of thought for instant pleasure oh well
the sun will be up either way
winner502 2 years ago
for the first 3 minutes of this vid..... he says "gold" on average.... once every 11 seconds. lol
iamborghini1 2 years ago
Thats what gold salesmen do.
IWashMyOwnBrain 2 years ago
Honestly who can afford to buy gold other than the rich, 1200 per oz um no
jondough83 2 years ago
Then go with silver. To be honest im 100% certain silver will do better than gold in the next 2 years. I have more silver than gold by far, not because i cant afford gold but because i think the return will be that much greater down the line.
audiohi 2 years ago
You know whats cool about it.... regardless... you have piles of silver and gold... and other people don't. you win, they lose.
gwydion75 2 years ago
Spoken like a true gold hoarder.
IWashMyOwnBrain 2 years ago
You can buy 1/10th oz coins :P The minute you tell yourself you're too poor to invest in your future, and your capital, is the minute you guarantee you'll stay poor forever.
gwydion75 2 years ago
Whats wrong with gold hoarding? If I had some, Id definitely hoard it. Buying things with your productivity and storing them to retain wealth is the natural progression of anyone who values their labor. Its the exact opposite of living month to month and spending every penny you have, retaining nothing so you have to borrow from banks, friends and family every time you need new tires. People who hate hoarding simply dont want to be responsible and save for their future. Its a sad societal state.
gwydion75 2 years ago 3
This comment has received too many negative votes show
Fuck you Peter Schiff you fascist bastard.
mitchrix31 2 years ago
fail.
audiohi 2 years ago
Capitalism is the way of world. It's the only economic model shown to work. All others have failed.
jtravis282 2 years ago 2
eh, gold is so 90's. platinum's the way to go.
jmisiur 2 years ago
Yeah the Economy is turning around!!
We just hired 5 employees at my company and plan on hiring 10 more in February!!!
BeansRBeans 2 years ago
This has been flagged as spam show
Are you high?
Vunks2000 2 years ago
This has been flagged as spam show
Dam I just saw this beautfiul webcam girl squirting right in front of my monitor daaayum amazing. I saw it at
rockingvids,com
TheNomorelockdoors 2 years ago
Ezekiel 7:19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
FlipFlibbo 2 years ago
Amen, this shall come to pass.
Dawitness11 2 years ago
This has been flagged as spam show
Please help us Charles Darwin
mitchrix31 2 years ago
Peter, I invest in gold. Because it's common sense. But I do have one question. How is the price determined? I don't think it's based on supply and demand. My reasoning is because of the derivative market. It's much bigger than the actual market. Gold is being priced by traders that never own the gold and are debating future prices of nothing. You can't even redeem your gold from the comex anymore. What's the real price? I believe much higher.
dak9779 2 years ago
Peter, those high school students have the money to buy gold from you must be trust fund babies.
overseachininadoll 2 years ago
Although I agree with pretty much everything Peter Schiff is saying, I have a question. Even if he does end up getting elected, how is he going to change anything. After all,
he still is just one person. How is he going to persuade the entrenched congressmen to change?
ironray123 2 years ago
FIllabuster!
comicus211 2 years ago
APMEX
creekesl 2 years ago
is the media trying to pull a power of positive thinking move? make people feel comfortable? is every outlet doing this? who is behind it?
7stg 2 years ago
THEIDDIOTEEEE!!! BOOGA BOOGA!!
mitchrix31 2 years ago
Also Pete, can you elaborate on the inflationary effects of securitizing cap ex by using an intangible assest such as exchange traded derivatives.
Business costs will be increasing at the earlier stages of business development. Right now, one reason we are not recovering is because it costs SO MUCH just to get your localities approval to do ANYTHING.
Once they start giving money away for that = INFLATION. In my opinion. Can you elaborate on that in your videos.
Joe
joescarafone 2 years ago
Dear Pete,
Why isn't there more talk about Glass Steegal and the Gramm Leech Bliley Act?
Why should I, as the American Taxpayer, guarantee through the FDIC, poor investment vehicles that idiots CHOOSE to invest in, such as intangible assets like derivatives?
Please explain.
Joe
joescarafone 2 years ago
To hell with fat mark hanes.
focus21x 2 years ago
ebay price for 1 oz 1350-1500 oz for physical bars regular coins and much higher for collectibles
tuktukktotam 2 years ago
IS IT POSSIBLE FOR us to pay off national debt with a single gold coin eventually ? lol
tuktukktotam 2 years ago 2
what is the symbol for GOLD futures at $1,200/oz.?
I tried GC G0but it produced nor results
PapeModa 2 years ago
The highest before the last couple of days gold has ever been is 1,200 an ounce.
Vunks2000 2 years ago
Do you know the stock market symbol for gold at $1,200 an oz. or does it even have a symbol?
PapeModa 2 years ago
GLD is an ETF that trades at a share price at 10 to 1 ratio to 1 ounce of gold.
AristophanesNow 2 years ago 3
GCZ09.CMX on yahoo
audiohi 2 years ago
i'm a testimate to what you are saying.. i got laid off yesterday after 10 years of working for this one company as a founder of the company that was bought by another. it is getting worse, many companies are eliminating long term employee's to keep from paying them. more and more key persons are being eliminated because of their pay.
danratsnapnames 2 years ago
Bernanke has to go!
"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." - Thomas Jefferson
MyImago 2 years ago 3
Wow, the dollar rallies are getting more pathetic each time.
Nice correction in PMs today, now we can go higher?
Google "U.S. bank enemies at the gate could trigger sudden gold break out" for a different take on the Dubai default.
If bail outs are neccessary from other countries, dollar denominated bonds will get dumped on the market, creating massive inflation and triggering a buying frenzy for gold and silver all over the world.
lilbitparanoid 2 years ago 2
PETER SCHIFF FOR SENATE!!!
mcwonderboy 2 years ago
I clicked the wrong hand (sorry). Peter Schiff IS IT!
bevoorbeeld 2 years ago
Charles Nenner predict goldcrash at feb 8, 2010. Reason: big deflation.
bevoorbeeld 2 years ago
certainly need to consider such an event.
GovWillKillU 2 years ago
There is no deflation. We're having massive, rampant, pervasive, sustained monetary inflation.
AKAGl 2 years ago
In Belgium (Europe) 100.000+ people get less slary next year!
bevoorbeeld 2 years ago
You are right peter, they can't make lemonade with the lemons because everyone is drinking the kool-aid
6024691380 2 years ago 2
i can't wait until Peter gets on the senate finance committe, go get 'em Pete, tell em whats up... if Peter loses to Dodd, I sure hope he debates and stays in the race till the end to make his points well known.
6024691380 2 years ago
6:22-6:27 is the funniest out the video
Daniyoyo 2 years ago
I have a question for the investing community.
What is the currency/whatever that has the highest daily average and the most leverage and the best spread?
Is it gold/usd?
Is it the Yen/usd?
superdiza 2 years ago
in 09 i have been paid here in CLP pesos, the dollar has dropped 14% vs CLP, If you want the best yields, invest in the currencies that are from countries without a deficit and large reserves of resources, i-e gold, oil, copper, Chile
6024691380 2 years ago
Great video as always.
0muffins0 2 years ago
yes peter, save us from our ignorance. you are the only one who knows how the world works and who is not shy to tell us. You will be the only one in congress smart enough to deserve to be there. oh, wait, we voters are the ones who elected congress so we may fail to see that only you can save us. Better keep selling gold to school kids and telling people to get their money out of usa. that will really play out well this election. yeah. Lets do another money bomb so we call all make you a senator
laosuwan 2 years ago
My pencil broke, somebody add Lao to the growing list of stupid American's who feel it's better to chain themselves to the sinking ship to ensure they will go straight to the bottom with it vs. stepping into Peters lifeboat. Sooner or later Lao, evidently much later for you, you'll realize being a martyr for a country who does not care about you isn't where it's at. You're a fool if you do not act in your own best interest.
TraderSteveR 2 years ago 3
i can't wait until Peter gets on the senate finance committe, go get 'em Pete, tell em whats up
6024691380 2 years ago
Peter is not a life boat. He's a stock broker running for senate on your nickel. Me, I left the US nine years ago. My point is this guy is unelectable and he seems to have a napolean complex. He will lead his sheep tooff the cliff and eventually fade away into the footnotes of CNBC. So how is that in your best interests?
laosuwan 2 years ago
your a retard if you think that. im glad the us has one less ignorant sheeple to over consume.
mcwonderboy 2 years ago
Hey, thanks for that. But its you who is going to get sheared, not me.
Toodles.
laosuwan 2 years ago
@laosuwan
You left the U.S.? Good riddance. Stay whereever you are, and don't ever come back.
EdMan2012 2 years ago
Why would he want to?
We're digging our own financial graves over here on a national level.
AKAGl 2 years ago
Thank you. I plan to stay here and most certainly will never come back. And I am very happy here. You can have the US. Toodles.
laosuwan 2 years ago
i disagree. schiff has been more right than anyone.
GovWillKillU 2 years ago 2
So what senators in office or running for senate do you know that have a better grasp on monetary policy and will work to implement the reforms we need in order to stop driving this train off the cliff?
AKAGl 2 years ago
it doesnt matter unless there are more than 30 of them. That's sort of the point. Anyway, the problem with Schiff is that he bases his decisions on how he thinks the world ought to work, not how it really works. That's why he's always five years too early or five years too late in his calls, and that is why his customers have lost so much money over time.
laosuwan 2 years ago
@laosuwan
no he basses his thoughts on how it is idiot
no go het some food storage and buy silver because within 2 more years youll be glad you did
also if you bought 50 thousand in gold and buried it in 2001 it would be worth 220 thousand today wake the hell up
god bless peace
winner502 2 years ago
you know, people were telling me to buy silver and store freeze dried food, get ready for the end, back in the 1970s. I have heard enought of "if you bought X at time Z it would be worth Y today," yes that's great analysis. If I had bought maple syrup in 2001 it would be up too. So what, that's just hindsight.
laosuwan 2 years ago
His customers are losing a lot of money? Really? Are you just talking out the side of your mouth with baseless assumptions, or do you actually have some sort of proof of your claim? If so I sure would like to see it.
milkman52879 2 years ago 2
you tube does not let you post links so you will have to translate this address a little bit. In this report on schiff you will also see actual Euro Pacific customers monthly statements
h tee tee p: / /globaleconomicanalysis dot blogspot dot calm/2009/01/peter-schiff-was-wrong.h tee em el
laosuwan 2 years ago
@laosuwan as far as i know, for those who stayed with schiff, their accounts have recovered since the lows and even gained more than wall street because he invested in china, and the stocks there doubled. either way, saying something like "i challenge you" in the wilderness of internet cyberspace where it almost seems like you're talking to yourself in an echo room is rather hilarious. peace.
spyletu 2 years ago
As far as you know.
That's my point. All we know is what Schiff says and all he says is "my clients do great.". So why wont he disclose his average returns? He should be beating the market so why wont he disclose? Every other brokerage and fund discloses, why not Schiff? Everyone on this channel should demand Peter disclose his clients average annual return for the past ten years to prove me wrong!
laosuwan 2 years ago
@laosuwan
oh get a life peter is the greatest
laosuwan your a loser like anything you say you lose
go pst on chris dodd website hes a paid off politican perfect for you to be friends with
go schiff
you have are hopes and dreams we are with you
winner502 2 years ago
LOL, loasuwan keep watching the insane clown posse report on your mainstream media TV.
So what's wrong with high school kids and India bank buying GOLD?
India & high schools students smart.
laosuwan is dumb ass.
jibbi4one 2 years ago
So what's wrong with high school kids buying GOLD?
Uh, their minors?
laosuwan 2 years ago
CHUCKLE CHUCKLE ....So what?
What does high school age have to do with buying gold?
Please, go polish your street 'cause the asphalt on it looks dirty.
OMG! so many morons so little time.
jibbi4one 2 years ago
What does high school age have to do with buying gold?
Because to buy it from Schiff they need a brokerage account. How does a minor open a brokerage account and how does an ethical stock broker allow children to make their own investment decisions while taking a commission along the way? Especially from somone who says they want to go to washington to clean up the ethics. Its obvious if you think about it.
laosuwan 2 years ago
Dude, who said anything about needing a brokerage account?
You must be from the states.
I think at one time the U.S. gov't sent people to jail for possession of gold. Even today you can be sent to jail for pressing gold coins. In canada young adult person willing to pay can own & buy gold.
Just one of the many insane regulations the U.S. finds itself in such poor economic standing.
At least with some voice of sanity Peter Schiff can play a roll in correcting insanity in Washington.
jibbi4one 2 years ago
Bernanke holds the key to the printing press. Thats about it.
projectdurden 2 years ago 2
yes i am
HereticNix 2 years ago
Are you watching this Bernanke??
dual85 2 years ago
The FED kept its rates low because its all part of the plan. These guys don't make mistakes like -oh, we accidently left the rates too low.
Lets face it, its a scam, and we will soon see the face of what is coming our way.
PlatinumGordon 2 years ago
Peter
I hope you get there (the Senate) in time.
Steve83B 2 years ago
Unfortunately, the devaluation of the U.S. dollar will help Peter Schiff's Senate campaign.
MishuTaste 2 years ago
Yes, but the more hurt you are the more you need a doctor.
0muffins0 2 years ago
I like Peter Schiff. Schiffreport is my favorate youtube channel.
Pnkbong 2 years ago 2
This has been flagged as spam show
You can do it!!!
nocomprehendere 2 years ago
Peter, I dunno if you ever actually check these, but I would like to recomend that you check out Debra Medina running for governor of the state of Texas. I really think that you would respect her as much as I do. MEDINA FOR TEXAS 2010
Drathlan 2 years ago
it should be mandatory for everybody in office to take at least two years in economics. Maybe then we would have sound government and more with the view of Mr Schiff.
indusrtial 2 years ago
i think the problem is that the liberals in office do understand economics and they realize their ruining the country in order to gain more power. liberalism has stayed alive due entirely to politicians getting the "sympathy vote" from [the many] ignorant people. like universal healthcare, they make it sound like theyre the "peoples heroes" come to save us from the evil corporate America, when really they just want to control our lives more. yet people refuse to believe it.
anryth 2 years ago 5
it would be better if politicians had no power whatsoever to interfere in the economy. they should be restricted to defending people from physically harm (police) and financial harm (courts).
michaelpshipley1 2 years ago
My new favorite channel!
Peter you Rock
pinkcheesegreengh0st 2 years ago 2
Peter your the MAN. I watch for you every day.
DaleElder11 2 years ago
Go get 'em...
clearasvodka 2 years ago
Im going to paint my car gold so it will sell.
IWashMyOwnBrain 2 years ago 2
where can I buy gold?
yushaos 2 years ago
You can buy some gold clad coins on tv for $19. LOL
IWashMyOwnBrain 2 years ago
PREDICTION !!! market will keep going up right until elections in nov 2010 then HOLD ON FOR THE FALL.
creekesl 2 years ago
Picking just one issue from this report: he makes one simple point at 6:12. There is an upper limit to the possible number of job losses, because there is not an infinite number of jobs! It's basic mathematics.
By the way wait until you see the effect national health care will have on overseas outsourcing...
decapitatespammers 2 years ago
Yeah the more jobs are lost the less jobs to be lost.
IWashMyOwnBrain 2 years ago 2
Isn't it already too late? If schiff was a senator now, I don't think he'd achieve much.
itubeutude 2 years ago
im a highschool student, and I just invested in Gold. lol
soicuw 2 years ago
You see here a highschool student investing in gold. Next it will be elementry school children begging their parents to buy them gold. lol
IWashMyOwnBrain 2 years ago
Schiff for Senate
RandomEdge 2 years ago
We're simply in bizarro world, where up is down, left is right, black is white, and a soaring gold no-job recovery is an economic recovery.
seanboy80 2 years ago 5
We <3 you Peter
Garmichael1 2 years ago
Great video Peter. Solid solid solid as always.
Intervene 2 years ago
I just can't believe the below comments are the best we can get on this clip. Like him or not, the issues raised here are more important than the "war" we have going. (Being a military history bug and former army, I don't think this [my] generation knows what a real war is.) Schiff can be a bit aggravating and his father is a convicted felon (I know, his dad's tax arguments are good), but he seems like a good, but quirky, guy. A lot of briliant people are quirky. Getting ganged up on does that.
teller121 2 years ago
You got my vote
NovusChaoMundi 2 years ago
I'm a college student and I'm investing in gold.
alharr1 2 years ago