5/5/2006- Ron Paul Advisor Peter Schiff On Bloomberg

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News & Politics

Tags:

• peter
• schiff
• bloomberg
• housing
• bubble.
• mortgage
• meltdown
• credit
• crunch
• inflation
• gold
• open
• exchange

[NeonKnight88]

Phil I am a longtime fan of you and Peter.

I am a college student in economics/finance and I want to protect what meager wealth I have by buying silver. Can you recommend me a good medium to do it through and what exactly do I need to do?

[PhilDeCarolis]

NeonKnight88,

Thank you for your compliment but I am no one to be a fan of unlike Peter who is an amazingly accurate economist. If you like, send me an e-mail and I will give you my Europac brokers contact info so he can get you going in the right direction with your investments as I am a Realtor and not an investment broker so I can't advise you on your investment portfolio. My broker has taken great care of me and you can be sure he will take care of you.

[rahmega7]

The guy peter was arguing against was a Bear Stearns economist! LOLOLOLOLOL

[JackNeedles]

Lol, funny when Peter said, "Na, I'm sugar-coating it." Very true. Most people don't even realize how bad things are going to get within the next few years. The show is now just getting started.

[chootlund]

I almost always see people(on TV, i.e.) laugh dismissively when Peter talks about the fraudulent Govt. stats. Its kinda like when people must have laughed at Galileo for proposing the earth is not the center of the universe.

[fuzzywzhe]

It's funny that Peter is *never* given a chance to discuss how GDP numbers are calculated today, versus how they were calculated in 1950, or how they are calculated in China now. He's entirely correct to call the # "fluff"

[SolitonPL]

Stupid pink BIAAATCH! Are you laughing now?

Are you laughing!

[thinkrevolution]

I'm actually voting for Chuck Baldwin more than likely, but I'm also supporting Bob Barr. I tell everyone about both of them.

[davincij15]

compare Barr with Baldwin then decide.

[thinkrevolution]

Bob Barr 2008!

[jspark311]

I am in your position as well. I recommend purchasing from a dealer in Arizona, as precious metals are not subject to sales tax here. There is a small spread and shipping costs, but I usually pay about $1 above spot per-ounce.

If you want to email me, I will send you my dealer's contact info.

[kosai19]

Peter is a smart guy. That is very obvious, but I wouldn't make him out to be a profit. He's just one of the few who goes on TV as much as possible to warn the public so that they can do what's necessary to prepare themselves. The rest of World has known this for so long. It's just the mainstream media that's leading the U.S. astray.

[CBound]

That being said, in the short run, the dollar may indeed rally as it has fallen quite far and may have a upward correction.

I'm holding gold and silver for the long term, it's too tricky to try to guess what the Fed and the economy is going to do in the sort term.

[CBound]

Interest rates may or may not be going up soon. The Fed can only afford to raise rates if the economy is not in an obvious rescission around the time the Fed meets.

If rates do rise, I don't see them rising far.

As long as we here in the U.S. import much more than we export, then the USD will remain under great pressure compared to gold and commodities.