Peter Schiff Interview on Confidence Rates Dollar Oct. 28 pt 2/2

Peter Schiff Interview on Confidence Rates Dollar Oct. 28 pt 2/2

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[takerdust]

Nice, Peter even called out Obama as the winner of election

[zurichdublin]

Dude;

Chill out.

Nobody thinks that you bought Gold 5 years ago at the ripe age of 24, and held on to it for a big profit.

Don't sit there and criticize people who are just giving their opinions when you don't even know the concepts of finance that are surface level first year college course material.

[zurichdublin]

I love how you have no idea what a cash on cash return is and yet you continue to add your two cents.

Then you can't offer any good stocks from 3rd world countries to invest in, because you are too busy making money in the foreign markets to waste your time.

LOL

Then you say that Russia is a rediculous example. What is rediculous about that example? Its just pointing out that the Russian 'prosperity' is a huge fraud.

[Scadman79]

I find it funny that i already own gold and already and making a very nice profit off of it, though you say it has cash value umm gold will always have a true value, you will be with the same crowd years from now that will say 2000 ALL TIME HIGH.

Why in the world would i tell you what companies to look at in foreign markets. Love you how you pick a rediculous example of Russia ? Great example there....ok. Please enough with the nonsense.

[zurichdublin]

Scadman;

Name some foreign stocks to own that are not already in people's portfolio's such as Toyota, or other well known companies from around the world.

Good luck making returns on 3rd world foreign companies that nobody has ever even heard of.

[zurichdublin]

An example of how bad investing in foreign stocks is this;

People talk about how much money is being made in Russia. They make it seem like Russia is a booming economy. They show pictures of Moscow with nearly every car on the road that is visible being a Mercedes.

Did you know that there are over 100,000 high end Mercedes on the road in Russia that are stolen from all over the world?

[zurichdublin]

I hate to say it Scadman but it boils down to this;

Wall St. wants to peddle worthless assets on people like you, who are young and nieve enouph to believe that they can actually get returns off this garbage.

You have a long way to go if you think Gold is a reliable investment when its near its all time high in price. (owning Gold at any price isn't a good investment because it has no cash on cash return)

Good luck though if you want to own it.

[Scadman79]

How can you possibly think owning gold is stupid?.... Where have you been the past 5 years?.... As for foreign stocks what in the world not speaking the language has anything to do with a performance of a company. And you think just because its out of the US market its not reliable.... Let me guess you think the information you get on US markets its reliable right? ugh.... rediculous.

[zurichdublin]

No I'm serious, what "Foreign Stocks" would any sane investor want to own? It boggles the mind to think you have any way of knowing were those stocks will be in 5-10 or 15 years.

You can't even count on the information you get on US companies and Economic reports.

DO YOU REALLY THINK THAT THE INFORMATION YOU GET ABOUT 3RD WORLD ECONOMIES AND COMPANIES IS RELIABLE?

If you don't speak the language you can't even begin to evaluate a company at the level it takes to justify investment

[Scadman79]

Please tell me your being sarcastic?