Peter Schiff on Goldseekradio.com 20 Dec 2009

http://www.goldbug.tk for more
Peter Schiff on Goldseekradio.com 20 Dec 2009

Category:

News & Politics

Tags:

• Peter
• Schiff
• Goldseekradio
• Jim
• Rogers
• Obama
• gold
• silver
• federal
• reserve
• economic
• collapse
• crisis
• michael
• maloney
• gata
• inflation
• alan
• greenspan
• ben
• bernanke
• LTCM
• max
• keiser
• stacy
• herbert
• comex
• GATA
• dollar
• fiat
• amero
• currency
• bretton
• stock
• market
• crash
• rothschild
• jp
• morgan
• goldman
• sachs
• credit
• hyperinflation
• celente
• weimar
• Moriarty
• bullion
• coin
• manipulation
• lindsey
• williams
• bob
• chapman
• IMF
• bailout
• larouche
• alex
• jones
• ron
• paul

[icabodeeb]

Inflation is already here...And growing... Go to the food store!!!!

[xtarka]

If you are a goldbug, be sure NOT to buy it on margin. Leverage is very bad when buying a non-cash flowing asset. The short term variance can wipe out your equity and trigger a margin call. Don't borrow currency to buy commodities, because the commodity price won't rise soon enough or steady enough to cover your risk. Just pay all cash to preserve your purchasing power in anticipation of inflation. Beware capital gains taxation and govt confiscation.

Two cents worth. Your mileage may vary.

[pjallen823]

RedInvadesBlue(dot)com

[dusternm]

I have personally researched housing prices through the years and I have noticed that the value of a house remains constant in relationship to the rate of inflation.

I would agree though that houses should somewhat depreciate. Though scarity of Land will appreciate the overall value.

Since 1970 inflation has gone up about 5.45% on average per year.

[rayme4raw]

In a way, yes, but land won't go down in value as the population increases and a home can be fixed up to increase it's value. It depreciates in the fact that you have to spend money fixing it up in order for it to retain it's value.

[dleksen]

People thought that housing prices would go up forever and it was the best investment you could make. But it was a gov't mandated bubble. If you think about it, there is no reason why your house should appreciate in value, It should depreciate, just like a used car does.

[3daughterskillme]

Unite us Ron Paul and Peter Schiff. You have great support in NY.

[maskedphrogg]

Finally something we can agree on.

Only a fool would get the government sponsored flu vaccine. Please tell us the outcome of your venture into purposely injecting yourself with Squalene turns out.

[maskedphrogg]

Resorting to outright lies now.

Even after sending millions to Europe as soldiers and sailors the unemployment rate was stable and heading toward 30% and higher.

Why would you steal my term "Sustainable and Productive?" New Deal jobs were neither sustainable nor intended to be.

[maskedphrogg]

No fool, that has ALWAYS been true. Every year since @ least the turn of the century (1900) it has been true. Gold retains value. Gold retains buying power. That gold piece has exceeded it's face value in proportion to the rate the dollar supply has been inflated.

[maskedphrogg]

hah! Now answer the question Why?

Why do nations choose to not fix the value of money in a sound commodity?

Easy, so they can inflate money supply at will to fund projects they can't afford.

And you have the temerity to call others stupid. From your earlier comments I see you don't have a clear understanding of what inflation refers to.