1/22/2010 Peter Schiff On Fast Money: Is China In A Bubble?
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@Berelore When Peter and his pals decide to sell, you dingbat sucker--- will be looking for someone to buy your degraded gold for a few cents on the dollar. Better sell now moron. How does it feel to be a Chicken Rooting for Colonial Sanders?
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Well lets see the day this was filmed almost 2 years ago gold was at 1092.50 an ounce as I'm typing it's at 1725.5 an ounce. I'd say that buy gold was pretty sound financial advice and that he was and has been correct in recommending it.
If you don't think putting your money at risk in the commodity that you are advising others to buy is putting your money where your mouth is then you sir are a low grade moron. I will waste no more of my time on you.
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@Berelore No-- it is putting your mouth where your money is.
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some would call it putting his money where his mouth is.
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Tim Seymour really hates Peter. smh
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The Chinese Renminbi now only costs 6.586 per U.S. Dollar from up 17%.
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Wow, can't believe anyone would want this guy in congress. He will not invest in his own country. He holds a lot of gold, so he promotes gold, sounds like a self serving statement, insomuch as he can influence so many people.
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I am in support of that plan, only if we can whip people off who think like Keynes and voters who voted for Obama. That's a real economic stimulus plan.
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WOW how many YEARS does schiff have to make these people look stupid until they start listening. this kid is fresh out of modern economic playschool.
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buy gold and silver. nuf said.
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muhaha... Tim Seymour continues to embarass himself. He should look up "Carry Trade" on the internet. And he also assumes that simply by talking over Peter's comments it makes him right. What a donkey!
And he's completely wrong about treasuries; watch the decline in the dollar. By hiking rates, they are signalling that they expect to float the currency soon; Rising interest rates are symptoms of strong currencies. Look @ how weak the USD and JPY are; their interest rates are @ 0%
shaunzane 2 years ago 3
it's 3 weeks later and China along with Japan lowered its US treasuries positions by 50 billion. ( just for start). China is putting slowly breaks on its overheating economy and this is a result.
They will buy less and if the RMB goes floating then its even worse. the gold can goo easily to 1700$. will see
konshoff 1 year ago 2