As usual Peter Schiff is making allot of sense, although the news anchors does not seem to get it at all. They seem more focused on gold gone bad or something of the sort. My guess is that they are in for a BIG surprise the next few years…
Does the Bank of International Settlements control the price of gold and silver? This is the problem with globalization, there is no free market. Whereas, all markets are manipulated and adjusted according to the econometric models made by the boys at M.i.T. These models are designed to maximize efficiency, which is a sophisticated way of enslaving the people. In essence, this is proof that globalists are at war with the people. I know....nothing has changed in 2000 years, or more.
When one share of the DOW Jones equals one .999 gold ounce that is when it will be time to look for undervalued assets. Happened in 1980 and it will happen again.
My God, to watch a room full of very young correspondents who are utterly clueless about monetary history and what function precious metals play in times like this. Simply amazing. I think all sniffed a line of Co-Keynes before the show.
I wish Peter could butter them up a bit more and that we wouldn't be attacking them with our posts so much. I want him on more. He did a good job this time.
IF Paul won, Schiff may be wrong about the imminent destruction of the dollar, because Paul would attempt to back the USD by gold and perhaps silver. This would disable the US to rob treasury investors of wealth via persistent inflation and suppression of real bond yield by the Fed. Should hyperinflation occur, which is likely (even if we see price deflation in real estate and financial equities, interest rates would rise if unhampered by the Fed, leading to default and treasury selloff).
@bjarnet3 IF Ron Paul becomes President THe economy of the US will deteriate quickly. GOd blesses those who bless the jews and sorry We all know ROn Paul does not support the jews or the state of Israel. SO their goes our country. I dont care how LOGICAL PEter schiff is... God will destroy our economy. God has the power NOT RON PAUL.
@Amyls64 ? He never said he doesn't support Israel, a nation that is already developed and doesn't really need foreign aid. Also God has nothing to do with the economy.
Fast money, shorts, quicky currency trades, etc. are for gamblers- not for investors. Everyone in the room- including Peter for some reason- forgot that gold was trading at about $1390 1/1/11. Here we are a 1/1/12 and it's $1560+. Just before the financial crisis 2008, it was trading under $1000. I've done well with gould- because I did my hoework and stuck with it. Look- if you want to gamble- go to Vegas. You deserve a bath if you think markets are just another roulette wheel.
There is one problem though with gold and silver being currency and i really hate to say this as Ive invested in Physical PMs myself but gold may of been alright as currency before when there was less much population and even fewer rich people But these days 1 Million$ is not considered a lot of money as it was decades ago. With all these high profile sports, Musicians, people getting incomes in excess of 1 mill$ and even billion$ deals would there be enough to cover circulation in the future
@Stringyheads Imo the size of the population is irrelevant to the money supply. So $1 mill would actually be considered alot of money, but thats my 2 cents.
Word is going around, This is New Years Eve and in celebration of the NDAA going into affect Jan 1 , Everyone is going to celebrate how thrilled they are by firing their firearms at midnight! Happy New Years!!!
Reporters make me so annoyed I almost say rude things.
KiTTeNChaoSS 1 month ago
As usual Peter Schiff is making allot of sense, although the news anchors does not seem to get it at all. They seem more focused on gold gone bad or something of the sort. My guess is that they are in for a BIG surprise the next few years…
click2investCOM 1 month ago
Does the Bank of International Settlements control the price of gold and silver? This is the problem with globalization, there is no free market. Whereas, all markets are manipulated and adjusted according to the econometric models made by the boys at M.i.T. These models are designed to maximize efficiency, which is a sophisticated way of enslaving the people. In essence, this is proof that globalists are at war with the people. I know....nothing has changed in 2000 years, or more.
SupraSovereign 1 month ago
When one share of the DOW Jones equals one .999 gold ounce that is when it will be time to look for undervalued assets. Happened in 1980 and it will happen again.
Tasadaru 1 month ago
My God, to watch a room full of very young correspondents who are utterly clueless about monetary history and what function precious metals play in times like this. Simply amazing. I think all sniffed a line of Co-Keynes before the show.
VegasRage 1 month ago
@VegasRage lmao
Baccanaso 1 month ago
I wish Peter could butter them up a bit more and that we wouldn't be attacking them with our posts so much. I want him on more. He did a good job this time.
tacitus7 1 month ago
less than 0,5% means for those dumbos OVERBOUGHT :-D
Yea - there is too many flying cars - like 50... in the World!
And grass... man, it is precious and rare.
grraadd 1 month ago
IF Paul won, Schiff may be wrong about the imminent destruction of the dollar, because Paul would attempt to back the USD by gold and perhaps silver. This would disable the US to rob treasury investors of wealth via persistent inflation and suppression of real bond yield by the Fed. Should hyperinflation occur, which is likely (even if we see price deflation in real estate and financial equities, interest rates would rise if unhampered by the Fed, leading to default and treasury selloff).
AIMFILMGROUP 1 month ago
If Ron Paul becomes president Peter Schiff might be wrong for once... Good luck Dr. Paul and good job Peter...
bjarnet3 1 month ago 2
@bjarnet3 ron paul is pro gold
mtube620 1 month ago
@bjarnet3 IF Ron Paul becomes President THe economy of the US will deteriate quickly. GOd blesses those who bless the jews and sorry We all know ROn Paul does not support the jews or the state of Israel. SO their goes our country. I dont care how LOGICAL PEter schiff is... God will destroy our economy. God has the power NOT RON PAUL.
Amyls64 1 month ago
@Amyls64 ? He never said he doesn't support Israel, a nation that is already developed and doesn't really need foreign aid. Also God has nothing to do with the economy.
Baccanaso 1 month ago
@Baccanaso Im not so sure of that.
Amyls64 1 month ago
@bjarnet3 If Ron Paul becomes President, Peter Shiff just might be Vice President.
ElectRonPaul2008 1 month ago
@ElectRonPaul2008 That would be awesome,, fantastic. 2012 is the year for Ron Paul
bjarnet3 1 month ago
Fast money, shorts, quicky currency trades, etc. are for gamblers- not for investors. Everyone in the room- including Peter for some reason- forgot that gold was trading at about $1390 1/1/11. Here we are a 1/1/12 and it's $1560+. Just before the financial crisis 2008, it was trading under $1000. I've done well with gould- because I did my hoework and stuck with it. Look- if you want to gamble- go to Vegas. You deserve a bath if you think markets are just another roulette wheel.
Togwando 2 months ago
these talking heads love give shit to peter since gold went drop, these heads are told by their masters to talk down PM.
ownerowner100 2 months ago
There is one problem though with gold and silver being currency and i really hate to say this as Ive invested in Physical PMs myself but gold may of been alright as currency before when there was less much population and even fewer rich people But these days 1 Million$ is not considered a lot of money as it was decades ago. With all these high profile sports, Musicians, people getting incomes in excess of 1 mill$ and even billion$ deals would there be enough to cover circulation in the future
Stringyheads 2 months ago
@Stringyheads Imo the size of the population is irrelevant to the money supply. So $1 mill would actually be considered alot of money, but thats my 2 cents.
Baccanaso 1 month ago
Mainstream reporters are as dumb as dog shit.
Stringyheads 2 months ago
You can just tell every time Melissa Lee interviews Peter Schiff that she hates it. But she sure has him on a lot
rudemood2011 2 months ago 7
This has been flagged as spam show
Word is going around, This is New Years Eve and in celebration of the NDAA going into affect Jan 1 , Everyone is going to celebrate how thrilled they are by firing their firearms at midnight! Happy New Years!!!
shacklesman 2 months ago
what a rude redheaded ol bag.......shuuuuuuuuuuuuush!
flutternut4756 2 months ago 2
Further "easing" by the Fed. Too funny.....
anphernie 2 months ago
is that Connie Chung?
SystemXpander 2 months ago
They are deaf & always cut him off. What a joke...
lowpross11 2 months ago 14
As soon as the Euro & Dollar devalue, the currency war will lead to way higher value (purchasing power) in gold & silver...
Just my "2 cents"
Happy New Year !!
RonPaul2012com
lowpross11 2 months ago
All markets are being rigged and manipulated, but it won't continue indefinitely.
slhines7 2 months ago