Unlike the “legitimate bull markets” of many foreign markets, Peter Schiff believes the US is merely experiencing a “rally in a bear market,” and is lagging the rest of the world “for a reason.” The worst is not over, according to Euro Pacific Capital’s Schiff, who predicts the Dow will fall another 90% from current levels when measured against gold. A longtime dollar bear and gold bull, he foresees gold hitting 00 per ounce “in the next couple of years,” and predicts the Dow and gold …
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September 26th, 2009 - 2:39 am
I believe in the great depretion indeed Money was a receipt for Gold, but Gold did very poorly. Those are facts, not my perogative.
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September 26th, 2009 - 2:45 am
By the way “a moron ” you should call your father who gave birth to a f**king st**id id**t like yourself. But seriously take 1931 to present. What did Gold do? At best like the DAW JONES , if you calculate convenient peeks in both. Where are the dividends?
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September 26th, 2009 - 8:08 am
who knows what gold will do. Do we really pay each other in gold if a collapse happens? I think its kind of like the emergency broadcast system, when was that ever used, not on 9/11.
The underground fed will long create a new currency that will reset US currency with all debts wiped out.
Its really not secret its right in front of our eyes.
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September 26th, 2009 - 11:27 am
Peter Schiff talks sense as usual. How can you value things unless you have areference. Gold is the reference not dollars.
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September 26th, 2009 - 11:47 am
your picking a time when the dow was terribly low after a crash, why are you doing this? we can both pick times to support our sides. like me picking 2000 or me picking 1971
your dumbass didn’t even know gold was a fixed price because it was THE MONEY
your argument is pointless, compare the dow jones to gold ratio, if you look at a graph u can see the dow is in a huge crash vs gold and this is why peter says to buy gold, he is not saying hold gold for 200 years you fuck.
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September 26th, 2009 - 12:36 pm
I wonder why did I get 2 thums down for this? Are you angry longs? Dont you worry I am not short on Metals. Are you long on them?
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September 27th, 2009 - 6:20 am
It’s so funny… everytime Peter is invited the “rivals” are smiling and laughing….
Maybe because they are so freakin nervous the only thing they want to do is hide their heads on the sand….
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September 27th, 2009 - 3:14 pm
It is the Federal Reserve Board that is bankrupt, not the USA Since the Federal Reserve Board and Washington D.C. are corporations that have nothing to do with the constitutional United States of America, if they go bankrupt, the constitutional government of the US would not owe that money. We need to AUDIT THE FED. SUPPORT HR 1207 AND SENATE 604. CALL YOUR REPS
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September 27th, 2009 - 5:00 pm
or maybe becouse if you dont have strong arguments you start to use the argument of strenght!
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September 28th, 2009 - 9:45 pm
He did meantion that gold may go up to $5000/oz over the next SEVERAL years! not tomorrow not the end of this year!! Dont buy your gold today and expect it to be 5x more in the next few months!!!
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September 28th, 2009 - 11:50 pm
Yep… $1200 or more is possible by the end of the year. Gold could go to $5000 in 1 – 5 years. It all depends on how much longer they can prop up the dollar. If China decides to pull the plug and dump dollars then gold and silver could really start moving up.
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September 29th, 2009 - 12:46 am
I agree, i think gold may reach $1200 or even higher by the end of this year. China’s gonna bail out of the dollar sooner or later. I got myself out of the USD last month I know it’s kinda late but better than never.
Thanks for the reply
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September 29th, 2009 - 8:00 pm
gold and silver have thousands of years of history as currency, real money.
Gold and silver ought to be seen as ones personal bank, store of wealth. Our houses were a store of wealth until we borrowed against them. Both precious metals are in short supply . Silver is still below 20.00 per oz. That wont last. Get some.
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September 29th, 2009 - 8:05 pm
during past wars gold was often used to ease the way across borders. There is a reason silver and gold has been currency for thousands of years. Stored value!
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September 30th, 2009 - 11:42 am
i total agreed with you all !!!! but my question is how much of gold can you affort to buy or do you have to buy in order to save you from future chaos and maybe war? even if you can affort to buy some, all the prices will go up so high and that will cancel each others out:(
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October 2nd, 2009 - 4:02 pm
Gold was at a fixed price set by the government. Up to 1933 it was a fixed price of $20/oz. In 1933 Roosevelt confiscated gold and then set the fixed price at $35/oz. Gold was not allowed to be owned for investment purposes (only jewelry, etc) up until 1971 when Nixon closed the gold window as which point it skyrocketed over the next 10 years.
There are currently investigations underway by the SEC on exactly what Ted Butler has been saying.
You can remove your foot from your mouth anytime
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October 2nd, 2009 - 4:07 pm
Maybe it was because of your profanity or maybe it’s because you obviously have not done any research into the topic and your arguments are laughable.
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October 2nd, 2009 - 4:10 pm
When 3 or 4 banks (Goldman Sachs, JP Morgan, etc) are holding 50% of all the shorts in the silver market then that is manipulation by default, regardless of what their intention was for doing so. That is all the Ted Butler is pointing out, in great detail with facts to back it up. The SEC is currently investigating this so it is not some conspiracy theory as you seem to think.
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October 2nd, 2009 - 9:28 pm
we’re fucked because wall street is run by criminals who are writting the laws, read the peice by taibbi in this weeks rolling stone, it is terrifying
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October 3rd, 2009 - 7:35 pm
You might want to get your economic info from more places than RS. They have a bit of an agenda that opposes capitalism, yet they are a for profit business – interesting.
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October 3rd, 2009 - 10:47 pm
you can keep your fucking criticisms to yourself until and unless you read the article, then critique it, and not me. I doubt you’ll find many holes in it though, the established media has given up trying to debunk the truth, they just ridicule the messenger. MichaEL MOORE IS A PERFECT EXAMPLE OF THIS. Rolling stone is owned by 1 man, not a corporation like G.E. or one of the 6 others that own 90% of the media, you should try listening once in a while to something besides corporate propaganda
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October 3rd, 2009 - 10:57 pm
and why the fuck would you assume I only get info from rolling stone? I read your post and the only logical assumption I can make from it is that your a fucking douchebag. I would bet money you dont have a clue whats going on in this country, you just parrot slimey cocksuckers on the right who blame everything on liberalism, never knowing that behind your back those same slimeballs laugh at your gullibilty. america is a plutocracy, the media is theirs, and your their puppet, peteyfuckingreeny
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October 9th, 2009 - 3:24 am
Be rid of fear they feed off it, the FED IS GOING DOWN WOO HOO. Things may get a little tough but it will clear up after the shit goes down, have faith we need it now more than ever.
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October 9th, 2009 - 5:23 pm
from your mouth to Gods ear, patriot.
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October 11th, 2009 - 8:34 pm
Yes, so many hypocrites around, it’s annoying.
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