I remember when an ounce of pot was about the same price as gold. 350 I think,
silly me . I lost on that one as no one is interested in my 20 year old pot now.:-)
You’ll be sorry you got on that boat when it sinks to the bottom of the ocean, I got out of the stock market about a month ago, but the downside in commodities is small in comparison to the downside in the dollar. I am half invested in commodities (silver and agricultural) and half in cash. What is this rally in comparison with the dramatic decline over the last 8 months?
That doesn’t make Peter Schiff a Neocon, he doesn’t want to invade Iran, only if he believed they were a threat, I don’t think Peter Schiff believes it will be in the country’s interest to invade Iran, but if he had to he would do it. I think he was just catering to his audience, In the next sentence he talks about drawing down foreign occupations, and how its bankrupting this country. No he is not a Neocon if anything he’s the complete opposite.
Btw, most Indians vote with a picture of a political party next to it. It would like you voting for democrat with a picture of a donkey or an elephant for a republican – some democracy. The capitalism and democracy that exists in India is a farce. Kind of like the media machine in the US – pure unadulterated crap.
I’d be careful about trying to catch a falling knife. As far as the dream goes about India being a mass-market due to the fact of it having a representative democracy, there was one giant barrier and its called a caste system. The wealth is extremely concentrated and they’d rather hoard gold and have 50 family members living under one roof while one group controls all the rental income in a given area. In Singapore/Malaysia they say, “even god can’t make money off an Indian.”
How about the fact that India continues to vote for capitalist democracy? Is that not a future of over 1 billion consumers? There are alot more potential Indian consumers then there ever were American consumers.
It looks like the MegaSpeculator just took a lot of money from the Schiff boys. Just checked the exchange, gold is down in a big way and getting ready for a free fall. Now would you bubble maniacs do yourself and your loved ones a favor and cash out already. Giving it all back to the man is not too wise.
Planet Cave is RIGHT….Gold is NOT money, it never will be, the powers that be have made sure that their fiat currencies are the medium of exchange, and if you think gold id going higher, well, god bless the fools……its just another bubble, in fact Im short gold in a BIG way
How about the top seven economies in the world experiencing declining demand across the board in commodities and mfg. goods. Oil is falling due to a glut of supply with collapsing demand. Gold follows and lags oil. Check and site historical facts rather espousing the “Schiff of Wall St.” garbage.
If you’re putting you money where you’re mouth is, you’re going to loose a substantial amount of wealth in the long run. What are deflationary pressures when the government will just print money to alleviate them? I can understand an argument against inflation, but an argument for deflation is another thing altogether – the Federal Reserve believes it is it’s primary purpose to prevent deflation – Bernanke has stated that many times – how can you infer there will be an upside to holding dollars?
lol
zillypaul
28 Jan 10 at 12:12 pm
I remember when an ounce of pot was about the same price as gold. 350 I think,
silly me . I lost on that one as no one is interested in my 20 year old pot now.:-)
binky4647
28 Jan 10 at 12:12 pm
@tommy6238
Are you an idiot? Nowhere does he say he wants to bomb Iran. He says bombing a structure would destroy a threat of that structure.
XxxxxAvatarxxxxX
28 Jan 10 at 12:34 pm
he’s right on.
Lotusflowerism
28 Jan 10 at 12:48 pm
Fed Reserve Guy named Blinder? This debate was over before it began. Schiff for President.
zumpano21
28 Jan 10 at 1:44 pm
Add the tool on the right at the beginning to the line of tools that were wrong from 2002 to now going against Peter. Some people never learn.
bttalbot
28 Jan 10 at 2:05 pm
Iran is on borrowed time no matter who gets elected. The professional class is emigrating at an alarming rate.
planetcave
28 Jan 10 at 2:22 pm
You’ll be sorry you got on that boat when it sinks to the bottom of the ocean, I got out of the stock market about a month ago, but the downside in commodities is small in comparison to the downside in the dollar. I am half invested in commodities (silver and agricultural) and half in cash. What is this rally in comparison with the dramatic decline over the last 8 months?
Wcoltd
28 Jan 10 at 2:32 pm
tommy6238 (— IRAN — country which never invaded anyone in 500 years …
USA invasion record for past 500 years …
Serbia 1999
Afganistan 2001
Iraq 2003 .
Iran Next ????
aviomaster
28 Jan 10 at 2:49 pm
That doesn’t make Peter Schiff a Neocon, he doesn’t want to invade Iran, only if he believed they were a threat, I don’t think Peter Schiff believes it will be in the country’s interest to invade Iran, but if he had to he would do it. I think he was just catering to his audience, In the next sentence he talks about drawing down foreign occupations, and how its bankrupting this country. No he is not a Neocon if anything he’s the complete opposite.
Wcoltd
28 Jan 10 at 3:10 pm
watch?v=73vVEY8zNCE – Schiff is a NEOCON!!! He wants to bomb Iran! Don’t support him!!!
tommy6238
28 Jan 10 at 3:44 pm
would really love to see this debate in full…anybody got a link?
jvittetoe
28 Jan 10 at 4:00 pm
You can buy much more silver, and it has a much higher growing opportunity than gold.
VeritasIncrebresco
28 Jan 10 at 4:47 pm
haha, wait until Monday. The Dems just blew 1.1 trillion dollars…..and cant wait to blow more.
Gold is a buy.
nikmarkwell
28 Jan 10 at 5:08 pm
this one is getting started but I think we wil see deflation first.
flagship21
28 Jan 10 at 5:31 pm
Btw, most Indians vote with a picture of a political party next to it. It would like you voting for democrat with a picture of a donkey or an elephant for a republican – some democracy. The capitalism and democracy that exists in India is a farce. Kind of like the media machine in the US – pure unadulterated crap.
planetcave
28 Jan 10 at 5:57 pm
I’d be careful about trying to catch a falling knife. As far as the dream goes about India being a mass-market due to the fact of it having a representative democracy, there was one giant barrier and its called a caste system. The wealth is extremely concentrated and they’d rather hoard gold and have 50 family members living under one roof while one group controls all the rental income in a given area. In Singapore/Malaysia they say, “even god can’t make money off an Indian.”
planetcave
28 Jan 10 at 6:11 pm
How about the fact that India continues to vote for capitalist democracy? Is that not a future of over 1 billion consumers? There are alot more potential Indian consumers then there ever were American consumers.
dpod916
28 Jan 10 at 6:29 pm
Actually, it’s a buying opportunity. a good time to jump on before 1600
tacitus7
28 Jan 10 at 6:43 pm
It looks like the MegaSpeculator just took a lot of money from the Schiff boys. Just checked the exchange, gold is down in a big way and getting ready for a free fall. Now would you bubble maniacs do yourself and your loved ones a favor and cash out already. Giving it all back to the man is not too wise.
planetcave
28 Jan 10 at 7:15 pm
Planet Cave is RIGHT….Gold is NOT money, it never will be, the powers that be have made sure that their fiat currencies are the medium of exchange, and if you think gold id going higher, well, god bless the fools……its just another bubble, in fact Im short gold in a BIG way
MegaSpeculator
28 Jan 10 at 7:55 pm
How about the top seven economies in the world experiencing declining demand across the board in commodities and mfg. goods. Oil is falling due to a glut of supply with collapsing demand. Gold follows and lags oil. Check and site historical facts rather espousing the “Schiff of Wall St.” garbage.
planetcave
28 Jan 10 at 8:08 pm
I got one word to say about gold – SELL
planetcave
28 Jan 10 at 8:47 pm
Peter Schiff supports fractional reserve banking. He is a Rothshilds’ shill
dimaniak
28 Jan 10 at 9:00 pm
If you’re putting you money where you’re mouth is, you’re going to loose a substantial amount of wealth in the long run. What are deflationary pressures when the government will just print money to alleviate them? I can understand an argument against inflation, but an argument for deflation is another thing altogether – the Federal Reserve believes it is it’s primary purpose to prevent deflation – Bernanke has stated that many times – how can you infer there will be an upside to holding dollars?
Wcoltd
28 Jan 10 at 9:57 pm