Peter Schiff 9/25/09 - CNBC Squawk on Street
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The only thing Peter may have been wrong about here was saying that the Japan government is saying its a good thing to have a stronger yen. They're still to this day trying to weaken the Yen, which I think is a bad idea for the future of Japan, and I think Peter would agree with me.
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gold is at supression low, i think i will buy more.
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gems and pearls will go down in price...
Look what is happening to diamonds...
Gold and Silver will be buying alot more of both in the future...
Gold is MONEY...this will be becoming more apparent in the future.
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So their argument is that the government doesnt want that (the dollar to fail) and thats why it wont happen...,
thats a fools stand,
Im going with Schiff, fuck those clowns.
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SCHIFF ROCKS!!!! =)
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Thanks for the advice excluvely4hotgeeks, and mythrail.
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Gold and silver make good, difficult or impossible to counterfeit, coins. Since ridges have been introduced, shaving is no longer possible.
Gems are too delicate to use as a currency, too difficult to shape, and difficult to verify authenticity.
Since gems have no real use as a currency they will probably not raise in price as rapidly as a tried and true currency like silver or gold.
Gold and silver make good inflation hedges because they can be used in place of fiat currency in a pinch.
2 years ago 3
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and magic balloons?
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Surely those will rise in value but there is no liquid market to trade those.
2 years ago 2
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Peter talks a lot about gold and silver and I'm all for that but what about gems and pearls?
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Wow, Peter really came out strong and confident.
I hope he wins for Congress. Wake up Connecticut and vote for a real man who can do some good.
katiatomsk 2 years ago 5
"Their currency strength is undercutting their own recoveries" - what?
DaveIrie 2 years ago 4