10/7/2009 Peter Schiff On FOX Business: Peter Schiff Predicts Gold Will Hit $5,000/oz.

[PERVERCO]

trade with china destroyed the economy how can companys compete with slave labour from china

[hobo59]

I like silver better. It has gone up at a higher percentage rate than gold. And it's far more affordable for the average citizen.

[Inyarear]

Yeah, silver's a good buy, especially if you're hoping to spend these metals on something when times get bad. Still, gold's good for saving large sums in a small place; 1 ounce of it will get you about 60 of silver.

To put it in perspective, trying to buy your groceries with an ounce of gold right now would be like trying to buy them with a thousand dollar bill. Buying them with a couple of ounces of silver would be like buying them with tens and twenties.

[pepsimannampepsi]

$1,050 dollars an ounce now?

Imagine when the economy "recovers"?

[delatroy]

then it would go down..

[TheSubterraneanTruth]

Is this humor, or do you believe this "recovery" will take place?

Sorry if I missed somthing.... I'm not seeing any recovery though.

[dncgrob]

$5000??? That equals the end of the dollar and the rise of the ONE WORLD CURRENCY!

[Rustyshackleford08]

GAWD Liz is HOT! One of the only reasons to watch Fox news.

Schiff 2010 and or 2012

[imaginator]

that male anchor used to debate with Peter Schiff whenever Schiff says godl will go up because of inflation.

[vinny1010]

Gold at $5k? lol ... That's an understmt.

schiff rocks - i hope he wins senate race

[capitalist4life]

no mention of the senate run?

[skeeate]

so many Q and so little A do you know that feeling deep inside when you feel like you did that before deja vu right. well you have. everything your doing now and will do tomorow you already did it many times everything you now is a lie yes every thing you can think of is a lie.want to know the truth. look up GOERGE GREEN RIGHT NOW

[SilverRose09]

It is simple, it is like when we get sick, if you don't cut the cancer out from the beguinning, because you are affraid of the convalescent period/losses, then you will not be able to survive. Unfortunately we did not cut the cancer out on time, On the other hand, if we retrieved from war, cut spending, and redirect our ship, we still will be able to make it without the horendous consequences that we are heading now.

Obama must throw old plans and reconsider new one inmediately.

[0oHIZAKIo0]

You are right, and this sounds great, but we all know it will not happen.  We need, and I feel there will be, a major reform coming to our political system, our way of life and our way of thinking. It might take a couple of years, but it's on the horizon. The people are fed up and ready to revolt against tyranny once again.

[chena3]

chocolate coins

covered in

gold foil

[AFRIKTODAY]

What a nonsensical imbecility! Unemployment rising despite the end of the recession? Is this fool serious? Who got you this job? You better get ready for 15 years of sagging economy if you do not get away from keynesianism/monetarism. Stop the wars, let the zombies banks crash and cut a few heads(lol)! End the Fed, fire 99% of the congress, withdraw from the UN, IMF, World Bank, Amero...etc! Ooooh, shut down the IRS, CIA, FBI, department of education.

[mac9641]

Right on brother!

[clemmens14]

I hear you Afrik! She might as well of said..."The economy is still getting much worse, but at least we are out of the recession! LOL!

[chingon711]

you better not wear your jewelry in public.

[ab1tchslap]

I ddn't hear him say it.

[fox20012]

yeah.... now that you mention it, view hog? View scammer? im not sure of the terminology

[Clerenn]

Gold at $5000 is only in the hyperinflation scenario, which it's still too early to call for.

[utubehayter]

thats still not hyperinflation. But the speed of decline is going to be enormous. You want to time it? Go ahead.  But hyper inflation will be when you will need million$ to buy an ounce of gold. and yes that is possible and unless people come to their senses and change strategy, it will get there eventually.

[patriotsundergod]

You smokin rocks nyukka! Havn't you been reading the news lately? What will you think when the 70% of USD held outside the US in foreign currency reserves comes flooding back into the US to chase fewer goods and services? Instant hyperinflation nyukka!

[davincij15]

Gold at $5000 by 2012 is not hyperinflation it's expectation of hyperinflation. If interest rates are not at 20 to 30% by then it's hyperinflation for sure.

[SilverRose09]

it is hyperinflation...it is stagflation which is worse.

[stealthpakfa]

when u have hyperinflation, the economy cant grow. its common sense. the currency is totally stuffed.

[DEMCAD]

Gold at 5000? Wow!