4/26/2008- Part 3 Peter Schiff On Bulls And Bears
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More than likely and the have made sure since 1971 that I cannot afford those bricks. I can only get some silver.
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Thats what I am thinking, its just like last year ..but I would not wait past August.
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Plus the fed can not raise rates. Option arm and alt A mortgages are just as huge as sub prime and they dont peak until late 10 and early 11. We are in trouble folks. Dont believe anyone but peter! Housing will not recover. And recover means stabilize, thats all. Not go up! in 2013 maybe, if we are still around. Look for a war against Iran for distraction for the Government to feed the sheeple
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The dollar has been falling for close to 8 years straight. The falling dollar fundamentals are still in place. As long as the war 100 billion a year + and recession are installed, gold goes up!
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Gold is dipping for a few reasons, but not because of the fed. My guess is that people have been putting their money into agricultural commodities instead (smart from a personal finance POV). I would too if I wanted agricultural prices to rise. However, that would mean I'd want food to be too expensive for the poorest people of the world. I'll stick with gold but I'm going to wait, probably until the end of the summer, when the price might start to go up again.
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peter is looking just to make sure no one is pointing a gun at him
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Gold has broken $850 but expect a $100+ trading day this year but not before more down days. Silver will go nuts once the shortage is realized. Go order a case of silver Eagles see if you can.
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The gold is dropping because FED announced they are not gonna change the interest rates anymore, not because the crisis is over. I bet all of these liars have their basements full of goldbricks.
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Guy told me today that he bought some formula for his baby a week ago at $2 and change, yesterday it was $6 and change. The fed is doing nothing, can't do anything, about inflation..buy gold.
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the fed is not going to control inflation; gold will rise to 980.
Zhuangyao 3 years ago 4
I am amazed that market is not reacting to the BIG shortage.
Rustyshackleford08 3 years ago