Schiff Report Video Blog Sept 24th 2010 LInk to 2006 Commentary of Gold Bubble www.europac.net
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@Alexisme1001 Not gonna happen anytime soon, so keep buying gold.
Nice, im glad someone can realize that gold is not a bubble. Anyone who thinks it is obviously has not thought of how the supposed gold bubble could pop? Default on debt? No, that will cause a further weakening in the dollar. A replacement world reserve currency? No, gold will probably be involved in that as the USD was. It is simple, gold reflects the confidence and strength in the dollar. The dollar is weak, because it is being printed with no production or service to back it.
Did some research on the very long term chart of gold. Turns out that gold has a terrible record over the last thousand years, due to new discoveries and advances in mining/refining technology. Buying power of gold way back then (and before) was $3,000-$5,000/oz.. Also,there are about 70 ounces of gold in every cubic mile of seawater & it exists varying levels throughout the Earth. If we figure out cheaper ways to extract it, expect a gold toy every box of Cracker Jacks.
You can discover how to recycle and recover gold, silver and even platinum from a surprisingly large variety junk and scrap that people toss out all the time.
There’s a program that shows you how and where. Go to scrap4treasure.
Spot price for an ounce of gold is over $1500 and for an ounce of silver over $45. That’s good extra money for anyone who knows what to look for.
And it’s a great part-time hobby.
Register to win 1oz gold liberty or 1oz silver buffalo! No obligation and no catch! Click on my user name to watch videos or visit buysilvernow dot info. Good luck!
Commodity money has value. Fiat money is an “assigned value”. Imaginary value is not as useful as imaginary numbers.
Hey Peter, I came across an article in 2006 where your top 10 signs of a bubble are just a list of jokes, a couple are really funny and your parrot joke is great but it would be nice to have a serious opinion.
This is the article I found.
w w w . europac . n e t / commentaries / top _ ten _ signs _ precious _ metals _ bubble
price goes up then quantity of demand decreases
you are awesome Peter, seriously, kudos for your guts to get out there and “tell it like it is”. I am buying silver
In this blog, Schiff predicts the U.S. dollar index will drop down to “around 75″ before the end of October 2010. For the last week of October 2010, the U.S. Dollar Index varied from 77 – 78. It closed at the lower value. On 9/24/10, the Index was about 79.5. Schiff was therefore right about the dollar index declining, but overestimated the magnitude of its change.
Peter for President 2012, and Gerald for Vice President, Rogers for Treasury, and Faber for head of the Fed.
they wont to destroy the economy so when it does go to hell
they will buy all the infrastructure
they have been doing it for ages
@karimrakha IT IS 2 ASSHOLES SPONCERD BY THE SAME CORPERATIONS!! WE ARE TH FASIST UNITED STATES NOW. the usa was supose to be a republic, population ruled be a agreed opone law, the costitution and th ebill of rights, but that has ben diluted by more laws over the origanal 10. unless we get term limets on congressmen hear we are done.
@karimrakha you are right, gold is a crap. but you think in a short term, think what you will be able to buy for it in future. Economy crisis gives many opportunities to buy a lot of things for a less price. People will start to sell their valueable goods for few gold oz to buy some food.
When they print the dollar like it’s toilet paper – you can be sure gold and silver are goin’ up!
hilarious
Peter Schiff for President! Kick the present bum out of the White House and any Republican alternative.
@DANTHETUBEMAN anyway man democracy is a big joke…..there is no democracy in the usa cause u simply have to choose between 2 assholes that the 2 big parties choose for u ….so the winner of the internal party war takes a shot against another asshole who won the internal party war on the other said …where is the democracy in that …..ireally have no idea what obama did exactly so he would have his pics on the teenagers t shirts like givara and mandilla…funny world
@karimrakha this is the fasist usa,,,bam,,theres your sighn,,,lol
fasisom is corperations controlling government,,not the voters. thats what we have hear now. rothschilds took over this country a long time ago.
GOLD BUBBLE,,,HAHAHA like the dollar is going to make a huge comback,,lol
of corce our soulless corpret masters are printing money to crash the dollar to make us want a north american union.
our government leaders are elected to represent the people hear in the usa, but clearly thay do not thay represent golbelist corpret houres. how about we just imagine building self sustaining city’s and states hear in the usa?
pete will be right agen soon
@gargamel11 no i wont love them….cause silver gold and uranium dont go up…..its the $ and money in general that goes down….a gold coin will stay a gold coin…and a gold coin brings no intrest or income that u can use to spend or increase ur money..u just preserve ur money there…and still if u can protect ur savings in gold..ur sallary would still suffer unless they will pay u in gold….so i wont love bernake and the feds even if my gold oz goes to one million $ s high its all brainwash
@karimrakha Bernake and feds exists because USA are democratic country. The problem is democracy not a bernake or fed. USA democracy exists 200 years that’s not a bad result. For ex. Sovie Union democracy existed 70 years before it colapsed. Now it is time for USA.
BTW. Start buying gold, silver, uranium (like me) and you will love bernake and fed.
On the other hand China can not forever keep this screwed up trade balance. China has to start buying our stuff. China has to do something about their currency Yen.
for god sake..!!!!! if everyone on earth hates bernake and the feds ….why do they exist in a democratic country!!!!
why dont they go to hell god damn it
I’d thought well why not buy a parrot you feed it crackers, you don’t need to pay him – you could save some money – and Summers can learn teach it everything everything he knows about economics – which is should not take long – and then when Barack Obamba don’t know what to do he can pull out the parrot – he can ask him for some economics advice and the parrot can say: “Ahh print money print money!”