Peter Schiff Was Right 2006 - 2007 (2nd Edition)

If I was Peter I would shove this video in the faces of those dip shits who sat there laughing. Look now beotches! "I told you so"

wrong....the money supply, particularly M3, isn't gonna go down....be ready for potential hyperinflation.

Because we won't take down the rest of the world.
they will live on even if we up and leave, at least financially.

Whos laffing now laffer :-p

Also, why does it make sense to buy gold now when the price has skyrocketed? Does the increase in the price of gold reflect the risk of inflation?

@
scooterinmie
1. Yes
2. Yes

But you must remember that when inflation stops gold will drop. Schiff knows that. That is his plan: to buy gold now and prepare, then around the peak sell it and buy stocks.

I agree with this concept. However, 1) can anyone predict when inflation will stop? 2) who is going to buy the gold at such a huge price when the inflation stops and 3) wouldn't I be better off putting my money into a well performing stock instead of tying up cash with really really expensive gold?

Not trying to attack your argument, just these are the questions that I can't figure out the answer for.

1. Nobody can't. But gold will go up. Maybe not to 5k, but to 2k for sure. BTW if gold enters the mind of the average people(imagine all the crap that people believed about houses) it could go to the moon.
Inflation may never stop. Marc Faber(BTW my friend jokes that he is like James Bond- PhD(when he was 24 y old !), national ski team, famous investor ) is sure that $ will go to 0.
3) Yes, if you need income. Gold gives you no return. For details call europac.

I'm almost 100 percent positive we'll see gold hit 4,700 bucks an ounce. If the Dow to gold ratio goes back to 1; we'll see gold hit that dollar.

BTW I'm not a investor, like I said you should call europac.
And
2) Like Peter said there might be a bubble in gold, but even if it doesn't happen you will be able to sell gold. Yes you might loose if you sell at 3800 and 1 year before that it was 4500, but today gold is still cheap.
And please remember, this is just my opinion mixed with some things that Peter said, I don't want to cause you financial problems. So please call europac. They will explain you this much better then I can.