Peter Schiff Was Right 2006 - 2007 (2nd Edition)

wunderbeast Says:

Nov 18, 2009 - So I called Euro Pacific Capital today to discuss investing in gold stocks. When the broker attended to me, I was like, "...Peter??" LOL but it wasn't him, it was his brother Andrew! Talk about being starstruck! I'm embarrassed to say that I probably asked him a lot of dumb questions and he had to put up with me (I'm in the arts, I don't know jack about investment). Still, that was my highlight for the day! Go Peter go! Schiff for Senate 2010

uofadave Says:

Nov 18, 2009 - I'll bet you a penny LOL! BOO-YA!

philosoraptor4e Says:

Nov 18, 2009 - Lets take schiffs word like Paul reveres and start getting ready.

Voy2378 Says:

Nov 19, 2009 - @informedskeptic Mike Norman is still around. :)

informedskeptic Says:

Nov 20, 2009 - Perhaps we could take his advice in a rather George Costanza sort of way. Whatever he says - do the opposite.

Voy2378 Says:

Nov 20, 2009 - You won't believe this. :) Schiff's column: "As congress and the president consider the best policies to right our economic ship, it is my hope that they will pursue a strategy first developed by Seinfeld character George Costanza. After wisely recognizing that every instinct he had up unto that point had ended in failure, George decided that to be successful, he had to do the exact opposite of whatever his instincts told him. I suggest our policymakers give this approach a try."

informedskeptic Says:

Nov 20, 2009 - Way too funny. I'm a huge Seinfeld fan. Didn't know Schiff was as well.

TheSkinzilla Says:

Nov 21, 2009 - I wonder if everyone that ridiculed Schiff, has called to apologize, or admit they were completely wrong.

scooterinmie Says:

Nov 22, 2009 - I like Peter Schiff and I think most of the stuff he says holds water. However, isn't the rest of the world heavily invested / related to the success or failure of the US economy? If the US crashes, won't we take the rest of the world down with us? If that's the case, why does it make sense to invest in other countries?

scooterinmie Says:

Nov 22, 2009 - Also, why does it make sense to buy gold now when the price has skyrocketed? Does the increase in the price of gold reflect the risk of inflation?

vre655u Says:

Nov 22, 2009 - Whos laffing now laffer :-p

Voy2378 Says:

Nov 22, 2009 - @ scooterinmie 1. Yes 2. Yes But you must remember that when inflation stops gold will drop. Schiff knows that. That is his plan: to buy gold now and prepare, then around the peak sell it and buy stocks.

je5752 Says:

Nov 22, 2009 - Not quite. No other countries on the planet are as overleveraged as the US (Britain is in pretty bad shape too, though). Plus other countries having seen what the Federal Reserve is really doing to the world economy are quickly repositioning themselves to not have such a hard landing when the next recession hits. China's domestic consumption is ready to take over in place of US consumption, and China given its strong position is likely to refuse to join the NWO and will leave the dollar to rot.

scooterinmie Says:

Nov 22, 2009 - I agree with this concept. However, 1) can anyone predict when inflation will stop? 2) who is going to buy the gold at such a huge price when the inflation stops and 3) wouldn't I be better off putting my money into a well performing stock instead of tying up cash with really really expensive gold? Not trying to attack your argument, just these are the questions that I can't figure out the answer for.

scooterinmie Says:

Nov 22, 2009 - je5752 thanks for the input, and I agree with your sentiments. However, I've been in touch with a few other people who have invested with EPC and got nailed to the wall in mid / late 2008, just like US stocks and investments. Are our investments really safe even if we invest in stocks from overseas?

Voy2378 Says:

Nov 22, 2009 - 1. Nobody can't. But gold will go up. Maybe not to 5k, but to 2k for sure. BTW if gold enters the mind of the average people(imagine all the crap that people believed about houses) it could go to the moon. Inflation may never stop. Marc Faber(BTW my friend jokes that he is like James Bond- PhD(when he was 24 y old !), national ski team, famous investor ) is sure that $ will go to 0. 3) Yes, if you need income. Gold gives you no return. For details call europac.

Voy2378 Says:

Nov 22, 2009 - BTW I'm not a investor, like I said you should call europac. And 2) Like Peter said there might be a bubble in gold, but even if it doesn't happen you will be able to sell gold. Yes you might loose if you sell at 3800 and 1 year before that it was 4500, but today gold is still cheap. And please remember, this is just my opinion mixed with some things that Peter said, I don't want to cause you financial problems. So please call europac. They will explain you this much better then I can.

APRtunedAudi Says:

Nov 22, 2009 - I'm almost 100 percent positive we'll see gold hit 4,700 bucks an ounce. If the Dow to gold ratio goes back to 1; we'll see gold hit that dollar.

samqueler Says:

Nov 23, 2009 - Because we won't take down the rest of the world. they will live on even if we up and leave, at least financially.

rooper666hell Says:

Nov 23, 2009 - wrong....the money supply, particularly M3, isn't gonna go down....be ready for potential hyperinflation.

Tintamar5678 Says:

Nov 24, 2009 - If I was Peter I would shove this video in the faces of those dip shits who sat there laughing. Look now beotches! "I told you so"

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2gigabit Says:

Nov 25, 2009 - Ron Paul / Peter Schiff 2012!

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