Posted on 01/12/2022 12:53:20 PM PST by blam
One day, hopefully before he dies, he will be correct.
I own a bunch of gold. I don’t care what the price is.
But I think Schiff is a jerk. I always have.
.
Peter Schiff is not a dealer in commodities. He can only find ways in his feeble brain to fix new taxes.
Why should I believe a thing that he says?
Gold will take down the FED; Silver will bury it.
Gold and Silver are held down by cabal manipulations of paper gold/silver. The metals are overextended, by "using" a unit of physical gold/silver over and over again to support the paper versions. Enter, Basel asset tiers. The regulations that rein in banks abusing their physical backing are being tightened.
Gold is undervalued somewhat. Silver is way WAY undervalued. US debt clock gives hints...
Because the government does not need to confiscate gold anymore, just manipulate its price by creating and selling ETFs. They have fractionalized gold the way they created fiat currency as a means of taxation and robbing us of our gold.
My bet is gold price will not reflect the price of hard metal. China is buying ooze loads of the hard metal as a result as it knows its price is suppressed.
Still unexplained is the gold/silver price ration which seems pretty far from its historical ratio. I’ve read lots of these predictions that metal is just about to skyrocket but they seem to be written by the same people who write the global warming nightmares.
Why is the ratio so screwed up?
I own metals only if there were to be a severe economic event, collapse of the dollar...or whatever.
I’ve always thought that precious metals have been currency since the beginning of time. Paper money really holds no value unless backed by a precious “something”...oil, gold, silver.
So, not an investment for me. I just feel more secure knowing that when/if these bozos up in D.C. mismanage our economy/currency/debt, I at least have something that I can use as currency. I guess tobacco, liqueur, food and ammo would be kinda the equivalent.
Still unexplained is the gold/silver price ration which seems pretty far from its historical ratio. I’ve read lots of these predictions that metal is just about to skyrocket but they seem to be written by the same people who write the global warming nightmares.
Why is the ratio so screwed up?
Did you buy your GOLD from ROSLAND CAPITAL?
Just kidding, I get so sick of those William Devane commercials.
I looove goooold…
They are something. Standing next to a damned battleship? How old do they think we are?
Well, billions are instead resting in virtual currency. That money would have chased a physical asset, before.
He’s always full-bore, 100% gold bull
I totally understand the case for gold and PMs, but PM prices go up, and also go down, like other commodities.
He’d do better if tried to analyze factors causing it to drop as well as rise.
China is buying ooze loads of the hard metal as a result as it knows its price is suppressed.
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True. The more important question is why are so MANY sovereign nations buying record amounts of Gold? Turkey, Russia, India, China, Italy, France, Switzerland, Netherlands…their Central Banks have piled on record amounts.
My grandfather made the most sense. At one point many years ago, he told me, “In the 1800’s, an ounce of gold would buy you a high end, nicely tailored man’s suit. Today, an ounce of gold will buy you a high end, nicely tailored man’s suit.”
All Schiff has to do is keep predicting it and live long enough. All assets have their day eventually.
From that day on he can claim to be “The guy who predicted” it, whatever “it” is. Won’t matter that he predicted for 20 years before it happened.
I’d like to view that link but it won’t open. Can you post the url.
My grandfather made the most sense. At one point many years ago, he told me, “In the 1800’s, an ounce of gold would buy you a high end, nicely tailored man’s suit. Today, an ounce of gold will buy you a high end, nicely tailored man’s suit.”
That’s been a long-standing unit of measure that doesn’t hold up anymore, like many others.
A high end, nicely tailored man’s suit is around $5,000 these days, and can cost up to $10k.
I agree. He’s a jerk. About 10 years ago I bought a book from him. I got two chapters in and it was the worse thing I’ve ever read. The entire thing reminded me of an obama election speech or obamas inaugural address.
Selling his book.
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