Gold To 5K-Peter Schiff on Fox Business-11-9-09 Video
http://www.europac.net/
http://www.youtube.com/user/SchiffReport http://www.schiffforsenate.com/
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gold silver ron paul barack obama peter schiff judge napolitano Freedom Watch Max Keiser Gerald Celente Jim Rogers wall st street Federal Reserve alex jones dollar goldman sachs Tim Geithner glenn beck henry paulson 9/11 inside job msnbc jp morgan chase tarp
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Einstiensblackid: @nickdnc2003 I've been in POT and USO since May '09 and I'm about to sell in the next few weeks since the stimulus rally has run it's course. (how anyone missed that one is beyond me. I mean, how many trillion did we throw at our economy?!?! Shesh, it's gonna go up from that at least for a while... and did.) I'll be buying FAZ and DTO in late December '09 or January 2010 to play the next crash.
philosoraptor4e: Lucky so far lol of course anybody who called the collapse is lucky, everybody who didnt were just unlucky. Your not alone, Americans elect those poor unfortunate people who never get it right there just unlucky
readthepaper: Commodities may have a significant pullback if the Fed ever decides to tighten but that will be temporary. The US is drowning in debt, it's the largest debtor nation on earth, it will never be able to pay its debt, interest, and unfunded liabilities for entitlements. Only a total moron would believe the US will ever pay it back. They will either have an honest default or print all the money; either way it means the dollar will be crushed and commodities will go through the roof.
funkysnarf: ha, thats funny shit...ill buy oil to heat my house and you can use those worthless ass pieces of paper to heat your house because that is all they are going to be worth. Schiff is an Austrian Economist and they have been predicting ALL of this shit for a while now....but you keep your paper dollars and paper stocks....and we'll see who wins...
Einstiensblackid: I wont be holding stocks during the next crash. I'll be shorting them in ETFs. I'll be in GLL, FAZ, DTO and UUP by Jan.15, 2010. That's short gold, short financials, short oil, and long the dollar. And yes we'll see what a political economist knows about the market compared to some random trader.
Einstiensblackid: Japan, Germany, Israel, Canada, France, Egypt, Italy are among the many countries that have a higher ratio of debt to GDP than the US. Only a moron would believe everything they see on Fox.
readthepaper: And we all know what a great statistic GDP is. Government spending is not real output; it's money that gets stolen and squandered from where it could be used productively. 70% of US GDP is consumption; look at the current account deficit and tell me how productive the US is. We've been borrowing money from Asia to buy what they produce - this surely won't continue forever. I doubt any country you listed has entitlement programs with fiscal imbalances upwards of $70 trillion either.
readthepaper: Everybody that has a realistic view on the future of the US now watches Fox news; I'll keep that one in mind. This is coming from somebody buying the currency of a nation with a national debt over $12 trillion and growing every day. Don't worry Einstein, they will pay back all that debt without printing the shortfall.
AKAGl: Short metals/energy/commodities and long on the massively inflating dollar? It's like I'm really reading a financial suicide note!
aviomaster: Gold today 1219.09 $ .... 12-3-'09 ...
Einstiensblackid: Investing for inflation still? So home, car, and candy bar prices are going up then? Friday was just a taste of what's to come for commodities and the dollar. Crowded trades... look it up and tell me gold is on sale.
Einstiensblackid: Rally has topped out. I'm short oil now and out of my long positions. Will short gold and silver starting Tuesday.
Einstiensblackid: Gold is almost done, might be already. Market rally has topped out and will crash soon. Crash will cause a "flight to safety" that will rally the dollar because t-bill seekers must convert their currency to US dollar before purchase. Oil leading the way down. $1300 is the max for gold. Schiff is a joke or a fraud.
AKAGl: Assets are deflating, money supply is inflating, real things like PMs and commodities will be going up in terms of the very thing that is being devalued - the dollar. Of course you won't see it in core CPI because the way they calculate it today deliberately omits food and fuel which are the 2 things that are the most sensitive to inflation. The official numbers for unemployment & inflation are now comprised in a way that merely repeating them without a slew of caveats borders on fraud.
AKAGl: Luck has nothing to do with it. Peter Schiff had called the collapse, timed the collapse, and gave the exact reason for why the collapse would and did occur. Don't confuse good educated analysis with luck.
AKAGl: I hope that's your short-term position, as the fundamentals indicate a rise in gold for the long position.
Einstiensblackid: I would completely agree with you if I thought we were recovering. But since I see another crash on the horizon I feel that there will be a repeat of last years crash. During that time the dollar skyrocketed as a result of a flight to safety. Foreigners who wanted t-bills had to first convert their currency to the dollar. If commodities crash after the market does then the only safe place to go is treasuries. Spending has slowed, rates are high, they will come to us again.
Einstiensblackid: So did Harry Dent... 20 years ago. He also predicted the stimulus spending and the commodities bubble being a short lived flight to safety. As far as I'm concerned I'll invest for inflation when I actually see it. Gas is the same as in 2006, food prices have dropped from 2007 & 8, home prices are falling, wages are shrinking, rent is dropping, car prices are plummeting... the only thing inflating is the stock market, commodities, and Shiffs bank account after so many fox appearances.
Einstiensblackid: I'll be selling those shorts and going long for the next bear market rally once Gold hit's $600/Oz... Probably March 2010.
Einstiensblackid: Schiff is a self absorbed blow hard with a one track mind. Obviously every government will try to stimulate out of this spiral until they realize it's too big. Then the credit crunch will hit at full speed. The fact that he's surprised by Bush's and Obammy's spending should be a giant red flag. Totally missed the stimulus rally too.
Einstiensblackid: Hey, Schiff! What happens when Dubai and all of the other "dead economies walkin" sells their gold reserves to appease their angry creditors? What happens when those creditors want something a little safer... like Chinese treasuries? Gold go up or down den?
AKAGl: The money supply is inflating right now. The Fed making trillions in new cash is the very definition of monetary inflation. The government gets the utility from the newly-created cash since it appropriates it by handing off a bond to the Fed, and then the rest of us get the shaft in prices further down the line as the cash works its way through the system. Home prices are falling because they were bid up in a speculative bubble. You need to look at inflation in terms of commodities vs. USD.
AKAGl: Depends on what the demand of gold looks like at that point. If there's a massive demand for gold then it could stabilize gold price. If the gold gets snapped right up and demand continues, then it's just a speed bump on the gold train. If gold demand is already down and they dump their gold and create a glut then it would drive the price down significantly, at which point you should be buying the stuff at firesale prices.
ridgy1200: @Einstiensblackid harry dent is a moron.he was 20 years out, thats bullshit.
Einstiensblackid: I meant to say Dent called for a depression to start in 2009 back in the 80's using demographics based forecasting. It's useless for micro economic investing but for the macro he's been insanely accurate.
Author: GuerrillaNewsChannel; Uploaded: Nov 9, 2009; Duration: 7:58; Views: 6213
Tags: gold silver ron paul barack obama peter schiff judge napolitano freedom watch max keiser gerald celente jim rogers wall st street federal reserve alex jones dollar goldman sachs tim geithner glenn beck henry paulson 9/11 inside job msnbc jp morgan chase tarp golden balls goldsmiths college goldsmiths jewellers gold price goldman sachs gold miner gold miner game goldman sachs careers goldfish goldsmiths
