Peter Schiff - Gold Seek Radio - 10-24-09 - Part 1

Mr. Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, commodities, gold and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nation's leading newspapers, including The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and has appeared on CNBC, CNNfn, Fox News and Bloomberg. In addition, his views are frequently quoted locally in the Orange County Register.

Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkeley in 1987. A financial professional for nineteen years he joined Euro Pacific in 1996 and has served as its President since January 2000. An expert on money, economic theory, and international investing, he is a highly recommended broker by many of the nation's financial newsletters and advisory services. Mr. Schiff holds NASD Series 4,7,24,27,53,55, & 63 licenses.

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[RCinPAWA]

If you can't hold your gold in your hands, you don't hold it.

[frontier1701]

Schiff buying a house for his mom... He's a stand-up guy !!!

[DeeHong]

True

[RCinPAWA]

I'm balancing my shorts with IBD leaders for small percentage gains to the upside. TWM is a money-making opportunity but one has to be experienced or one can get crushed. Sounds like you have a good system working.

[b1muas22]

how about a 100% in gold stocks?

[b1muas22]

how about a 100% in gold stocks?

[30percentplusreturns]

Im watching for the hyperinflation scenario also. Everytime I short, I have been covering my positions with like 2 percent gains. If you keep trying for the big move down you keep getting run in. The best way to short right now is to use the double short etf TWM. Just use tight stops at key support and resistance levels. Watch IWM when it nears resistance and buy TWM, which is the inverse russell 2000. Its the best way to short with no risk.

[haveabeer123]

as long as the cash you are sitting on is not dollars...

[RCinPAWA]

"The best way to make money going forward is to buy gold and silver and short stocks at this moment."

That's what I'm doing. But I'm keeping an eye out for hyperinflation in which case I figure I'll go long or at least cover my short positions.

[30percentplusreturns]

The best way to make money going forward is to buy gold and silver and short stocks at this moment. Or you can put 30% of your money in silver and just sit in cash. either way is basically a no risk win win situation.