[madison10]

Is Peter Schiff just being hopeful 'cause he has a ton of gold sitting somewhere, or does this make sense?

[JasonC]

It is utter horsepucky. He is merely engaged in a screaming match and thinks the more insane he sounds the more people will hear him. It is absurd.

[politicket]

Schiff is completely wrong on this.

Gold will sink below $800/oz. well before it ever sees even $1,200.

Peter is not seeing the tremendous amount of credit destruction going on with the other side of our economy's ledger.

The amount of new debt being created by the Federal government pales in comparison.

Deflation is here to stay for quite some time - and it will most likely be severe.