Peter Schiff - Enfield, CT - P6
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All Comments (33)
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I do agree with you on the fact that gold will not get us out of the peak credit cycle crash.
production is the only real method of recovery. But that has its own problem in that waste cannot be managed at this point.
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@bighands69 If gold were to become so pletiful, it would become devalued, and hence not save anyone from poverty. Gold doesn't get us out of poverty. Production gets us out of poverty.
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Dude! You are really a client of Peter's Euro Pacific?
Congratulations!
I wish I wasn't so late to the party.
I feel like I have been deceived by the government on the economy.
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If they could create gold in a lab that means they have master quantum physics and poverty would not an issue.
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central banks can manipulate gold in the short term when they create fake capital (credit) but that will only last so long.
Shear market pressure and the reality of the financial numbers are the real decider on gold and materials.
You mentioned inflation but do you not see that inflation will effect gold values.
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awesome!
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@MrWakethesheeple Gold can be created by nuclear reaction, or by atom smashing. It is way too expensive. It would cost millions of dollars to produce an ounce. And if it was done through fission... it would be untouchable for a couple hundred years. Fusion is not really controllable. And atom smashing uses tetra watts in electricity and would produce mere molecules.
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@TheRepublicX This is the most thumb down post I have ever seen!!!
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Give 'em hell Peter!
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Schiff is the man!
Thanks for posting!
BlueSkies360 2 years ago 18
Peter's ideas are solid. I liked the tone and tenor of his presentation.
bobby4lee 2 years ago 15