PETER SCHIFF - 6 YEARS AGO -- "...and they will panic" - PT2
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people have loans that why they look so good .DEBT
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Take a look at a 20 year chart of Gold and I say no more other than Schiff is a very wise man.
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Absolute genius and at the time the know-nothings (the ones who still know-nothing right now) said Schiff was wrong, lol. The know-nothings hate America, love the Federal Reserve, love debt, love war, and hate freedom. Dr. Tom Woods, Dr. Ron Paul, and Judge Andrew Napolitano are on the right track.
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So you're saying that if you happened buy into the DOW at its lowest point (if it was that easy to predict the lowest point everyone would be millionares) you would have made about a 40% profit. Peter Schiff advised to sell the DOW and buy into gold and silver. Gold made about a 90% increase from its lowest point in 2008 and silver made about 300%.
Gold and silver were Schiff's primary investments. In other words, schiff kicked the DOW's ass.
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@Zoughi many investors who sold the DOW at 7500 have lost a fortune
thanks to schiff
but he was right about gold so far
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@nasafakedit How low has the dollar fallen? How high has gold gone? Silver? Oil? And some other commodities! What about the foreign markets? Come on!
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@nasafakedit You're the one who is wrong because you're pricing in dollars. The price of DJ is going down in terms of gold.
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awesometastic.
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@nasafakedit a dow measured in USD traded based on an index with a net positive yet completely contrary to fundamentals means nothing... schiff is a long term trader based on the fundamentals. dont be so shortsighted, or come off so stupid. besides, only an HFT robot can survive in todays market.
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Frickin hilarious...."and thats when we will sell out to the..next group of suckers." Schiff is the man
atruepath 3 years ago 30
Spare us? Cult-followers? Aren't YOU the one acting all high and mighty thinking that Peter Schiff is wrong here in youtube? Sorry, but again if you even used your head you wouldn't be this ignorant.
Sniper2008009 2 years ago 12