2/18/2009 Part 1/2 Peter Schiff On Kudlow & Co: How Now, DOW Jones

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Category:

News & Politics

Tags:

• Peter
• Schiff
• Kudlow
• Gold
• Silver
• Inflation
• February
• 18
• 2009
• Part
• Ron
• Paul
• Marc
• Faber
• Jim
• Rogers

[Xasew]

"I'm using it to buy gold!"

I laughed.

[JackNeedles]

Lmao. "I'm using it to buy gold." That was hilarious, what Peter said. He's awesome. TODAY, the USD will buy things, NOT down the road. The whole T-market is one huge speculative bubble waiting to burst. The holders who control it are looking to sell, NOT hold. They're looking for massive profits, before the boat sinks, much like the property flippers, before the housing bubble bursted.

[rmccay88]

I have never understood Jerry Bowyer. He's one of these people who seems like he should understand economics but doesn't. He needs to go to Barnes and Noble asap and look for Schiff's book.

[Noisycowonline]

The government won't be there for you - they will be bankrupt. No blocks of cheese. No soup lines. Putting basic emergency measures in place is not very expensive or difficult. Invest in $1000 of canned food today. You can live off off $3 a day in canned, nasty beans, etc. No gourmet meals :( - just survival. Gold/silver is fine too, but they are hard to eat.

[Jakearoo14]

eh maybe not huh. hindsight is 20/20

[sugmad72]

just some thoughts , I am buying both gold and silver , what else can we do

[sugmad72]

I would say that you could sell and convert to other currencies , but all the fiat currencies are potentially in the same boat , in what is becoming a global issue

[sugmad72]

I guess as the market worsens and gold and silver go up , you could sell off along the way and convert to usable things like food , supplies etc..

but as hyper inflation kicks in along the way you pay more for everything so it seems your profits are an illusion

[sugmad72]

if the collapse of the dollar or hyper inflation are the catalysts for a huge move upward of gold and silver

I'm not sure I understand how the precious metal investor really cashes in so to speak

at that point how do you sell your gold or silver , who would the buyer be

and why would you sell your gold or silver for worthless fiat paper at that point

yes you would have the gold or silver to trade for other goods or services in a barter scenario ,so thats good

[jsyn1230]

"we are a long way from the bottom"

peter schiff is right again. dow below 6600 now. prolly goin below 6000 before the end of april or maybe sooner

[TruthLightSeeker]

I only listen to Peter Schiff, Gerald Celente, and Elaine Meinel-Supkis. All of the other "experts" are either clueless or they're liars. If these "experts" are so informed and intelligent, then how did they miss this catastrophy? Why were they denying we were in a recession, even though we've been in one since 12-2007? Peter Schiff is smart and calls it like it is...so does Gerald Celente and Elaine Meinel-Supkis, the only 3 I've foud.

[NewChristianSoldiers]

President Obama to announce Press Conference to SHOW HIS BIRTH CERTIFICATE to the American People!

watch?v=h_okpB6N-58

Obama, along with Senator Shelby, will also have 2 FBI document experts to make a statement to prove that his Birth Certificate his not a forgery and that he actually is a Natural Born Citizen and eligible to be President of the U.S.A..

Axelrod wants to put a stop to all of the newly filed lawsuits against Barack Obama over his citizenship issues. dow