8/11/2011 - Peter Schiff On Freedom Watch- DOW Swings 400+ Points 4th-Straight Day; 1st Time Ever
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Uploaded by PhilDeCarolis on Aug 11, 2011
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Top Comments
All Comments (41)
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@schassse You completely misunderstand what the debt ceiling is to gold.
The higher the debt ceiling, the high gold must go.
The only way to drop gold's price is to raise interest rates above 20% and the cut the debt ceiling to zero instantly. That's right, instantly. Anything less is a price increase for gold. You'd have to shave 10 trillion dollars MORE off future projected spending just to make gold's price stay EVEN. Some of the real estate is in shambles, neglected, being BULLDOZED.
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@schassse Anyhow no it won't, 1800 is cheap now, today's prices nearly hit 1900. Went as high as about 1870. You're off your rocker. Gold is way under-priced and has no room to move down.
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@ytgv3fc7 gold is 1740$ now. and it will go down more and more since the debt ceiling had moved up. in two years obama will be reelected. the army will be back and their new jobs will be to clean the roads and change diapers, clean old people's asses, guide to chinese visitors who are going to start visiting the country to buy all the houses and commercial estate. I see the United States of China forming soon.
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@ytgv3fc7 anyways, the value of gold will go down soon, it already started 2 or 3 days ago. gold is now 1740 from its 1800 peak
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@rdubtheislander this is a bubble
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@schassse Without identical chemical (electron) arrangements (there aren't) the properties are nothing similar. At all. Gold isn't in a bubble today and to make it a bubble today you'd need 10x the price. THat's right. $18,000 in 2011 September is a bubble price on gold. $1800 is under-priced.
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@schassse "don;t forget that lead and asbestos were not problems"
what?
We've known lead was a problem for CENTURIES.
It's what killed the Romans when it wasn't barbarians.
Gold is not "close to" lead whatsoever. Having another atom changes everything.
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No, we are not in a bubble for gold. The increase in the price of gold is an inflationary reaction to the total amount of money created and in circulation thus far. There are still not enough people that even know about gold or are actively buying it in order for it to be a bubble. Will it eventually become a bubble? Yes.
But to say it is in a bubble now demonstrates a lack of understanding of why its at its current price point.
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@ytgv3fc7 I agree with you, everything is money. unfortunately, it is not convenient and we created the currencies. if this currency collapse then they will create another one and another one etc until you are long out of this world
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@ytgv3fc7 don;t forget that lead and asbestos were not problems. then a few decades ago, they discovered that lead and asbestos were dangerous. gold is very close to lead. health is one possible way why gold value would go down. but many other ways could lead to the devalation of gold. gold will go down one day, don;t worry. ew are in a bubble now concerning gold
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Schiff was and continues to be RIGHT!
slhines7 6 months ago 23
"The only money that governments can not print is gold...As all the other safe havens go away...gold will be the last man standing.." ----- Wisdom of Peter Schiff 8:11:11
MrArtrigor 6 months ago 17