11/9/2009 Peter Schiff On FOX Business: Gold Shoots Past $1,100 As Dollar Falls Further
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wow he had to inform her GLD is a ETF...how the fuck do these people stay on the air??
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Gold is over 1320 today! Peter is right on the money!
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no, it's the greedy capitalism we need to fix 4 decades of much more greedy , exploiting and destructive keynesian socialism. In capitalism the value of the money is regulated by the market and is more or less stable. In socialism we have it's regulated only by the gov. and fed's stupidity and greed, and so becomes unstable (and so it's plunging). One dollar nowadays is worth 4 cents one hundred years ago ! America, wake up and go back to the roots of capitalism...
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It's not Capitalism which is the problem, the pursuit of profit drives innovation. The problem is government involvement in Capitalism which has given us Corporatism now.
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10 years from now the USD will be no more or at best no longer the world reserve currency and greatly devalued by 50% or more. Don't trade your gold back for USD unless you need immediate liquidity and ONLY sell what you absolutely have to.
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Agreed, but currently the USD is the world reserve currency so the US plays by different rules and the USD isn't falling off a cliff yet because of this.
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I bought silver not to make money but as insurance. we in the euro area should thank germany for not having a intrest rate thats zero. they know what infltion does
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Thats interesting, Im danish and I've been thinkin about investing in commodities. Except, while there is also inflation in europe (evident in the price of gold in euros), Peter often talks of a global boom once the US decouples. Question is, do we wanna be invested in com when that happens??
2 years ago 4
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GLD is not a stock... these idiots dun even know what they are talking about!
2 years ago 3
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Greetings form the Netherlands I buy silver but when I sell I get euros.
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peter cracks me up. truth is we need loud voices like his more than ever; i kinda wish everyone else would shutup and listen once and for all to folks like schiff, jim rogers, marc faber, gerald celente.
stshell 2 years ago 6
LOL people that expect a stronger dollar deserve what they get.
Freemarketeer81 2 years ago 5