Global Central Banks Ring Gold Buyers' Bell

Peter reacts to this morning's announcement of coordinated central bank bailout of U.S. and European banks. How does this affect your portfolio?

Category:

News & Politics

Tags:

• Black
• Friday
• Cyber
• Monday
• Occupy
• Wall
• Street
• Peter
• Schiff
• economy
• economic
• collapse
• crash
• gold
• silver
• oil
• bubble
• doom
• inflation
• depression
• recession
• rogers
• faber
• ron
• paul
• ben
• bernanke
• euro
• dollar
• Hang
• Sang
• NYSE
• nasdaq
• currency
• crisis
• stagflation
• commodities
• bear
• bull
• fraud
• NIA
• college
• conspiracy
• national
• association
• standard
• and
• poor's
• down
• grade
• s&p
• downgrade
• dennis
• gartman
• bill
• gross.
• super
• committee

[davincij15]

@He101A

Gold is not an investment it's money.

[Caturdayz]

I'm a poor kid in college, I can't afford any sizable purchase of precious metals. I'm fucked

[muddog5000]

@sundog1171

now it 4 week later and it 1717 and going up

[muddog5000]

@Caturdayz

Buy penny rolls and sort out pre 1982 they are copper and save them

[johnbarkand]

@davincij15 i'm gonna check-out Morgans after payday. do i still have fear,or a brain?

have a good day mr. 15 ( remember 16 to 1 ratio) Ron Paul 2012

[davincij15]

@johnbarkand

I'm a silver bug too. :) But at the end of the day I will trade for gold.

[johnbarkand]

@davincij15 mr. 15 what really "changed" my life after 58 years was the realization that

my "physical asset" was myself as a individual human, the rest is just loose change, no pun intended. thank-you for your reply sir. Oh yea, people have been wrong about a lot of things for thousands of years. I still like silver because I have fear

Ron Paul 2012!

[davincij15]

@johnbarkand

Gold has been money for thousands of years and it's the only physical asset central banks save and its not because of "tradition". youtube.com/watch?v=6-I1mugY5D­s The moment you figure that out is the moment your life changes for the better.

[johnbarkand]

@davinci 15 mr. He; gold isn't money, its a rare metal, same? Ron Paul 2012!

[joejoemorgan]

@Caturdayz atleast you recognize this fact.

[Jaruco03]

mmmm what I don't understand is that if Peter believe that paper money will become worthless or in in the best case will lose a lot of value due to inflation how is he selling silver/gold ("real wealth") for dollars "worthless paper"? I don't really understand that....... The people that are going to make a lot of money on this are the gold dealers and sellers not the buyers just like it happened with the housing market only the realtors made tons of money and the buyers got a foreclose.

[sundog1171]

what now peter you said buy at 1700 now its 1538 can i get a refund