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QTR is quoting Peter Schiff regarding Comex deliveries & restocking trend.

jmski52jmski52 Posts: 23,225 ✭✭✭✭✭
edited February 10, 2025 6:50AM in Precious Metals

"Is someone attacking the Comex? January Sees $5.2B in Gold Deliveries"

link fixed

https://quoththeraven.substack.com/p/is-someone-attacking-the-comex-january

Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

Comments

  • derrybderryb Posts: 37,619 ✭✭✭✭✭

    schiff was one was of the few people who called the 2008 crash. I profited from from his forecast. I continue to listen to what he says. He knows the gold market as good as most, and better than anyone here.

    Of course, to the know it all's here, he is just another newsletter peddler. They don't understand that good information is not free.

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • RedneckHBRedneckHB Posts: 19,661 ✭✭✭✭✭

    @derryb said:

    Of course, to the know it all's here, he is just another newsletter peddler.

    Why do you think he's just another newsletter peddler?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 37,619 ✭✭✭✭✭

    @RedneckHB said:

    @derryb said:

    Of course, to the know it all's here, he is just another newsletter peddler.

    Why do you think he's just another newsletter peddler?

    I share what I know. I link to others that know much more.

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • blitzdudeblitzdude Posts: 6,514 ✭✭✭✭✭

    Oh yeah, Shiff......personally glad I didn't put the ole eggs in his basket. Amother of the for-profit doomsday peddlers. RGDS!

  • GoldFinger1969GoldFinger1969 Posts: 2,488 ✭✭✭✭✭
    edited February 11, 2025 11:29PM

    @derryb said:
    schiff was one was of the few people who called the 2008 crash. I profited from from his forecast. I continue to >listen to what he says. He knows the gold market as good as most, and better than anyone here.
    Of course, to the know it all's here, he is just another newsletter peddler. They don't understand that good >>information is not free.

    I've followd Schiff -- and his father -- for decades. They're 2 peas in a pod. Well, they WERE...Irwin, R.I.P. No more taxes. :)

    He's a smart guy....some interesting ideas....love his love of the Austrian School....but his track record is TERRIBLE.

    He's gotten major moves wrong....has consistently underestimated U.S. financial assets and the dollar....had HORRIBLE investment performance....the proverbial stopped clock. He bets against America -- and that's been a LOSING proposition even if you nailed the 2008 GFC

    P.S. Your hero owned a bank. :D

  • GoldFinger1969GoldFinger1969 Posts: 2,488 ✭✭✭✭✭

    @derryb said:
    schiff was one was of the few people who called the 2008 crash.

    Lots of people called the Crash and the real estate problems.

    You also needed to GET BACK IN to equities and spread product in bonds to make it a success. Did Schiff load up on stocks or bonds in late-2008 or early-2009 ? I'm pretty sure he didn't but I wasn't tracking him that closely.

  • jmski52jmski52 Posts: 23,225 ✭✭✭✭✭

    Schiff isn't wrong about gold, or the debt.

    The time to get into equities is after the fake money-printing stops and the fundamental problems of debt, unfunded liabilities and profligate spending are reconciled honestly. It could be a while. Maybe DOGE will get around to auditing the Treasury and the Fed, but I wouldn't bet the farm on it.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • dcarrdcarr Posts: 9,063 ✭✭✭✭✭
    edited February 12, 2025 2:07PM

    @GoldFinger1969 said:

    @derryb said:
    schiff was one was of the few people who called the 2008 crash.

    Lots of people called the Crash and the real estate problems.

    .

    Everything you post just becomes more and more suspect.

    You write that "Lots of people called the Crash [of 2008] and the real estate problems".

    But just about six months ago (05 August 2024 in the thread "Liquidity Crisis") you wrote that nobody did:

    .

    @GoldFinger1969 said:

    @derryb said:
    So, you didn't heed the warnings in Jan. 2020 or in July 2008?

    There was no "warning" in January 2020 or July 2008 except with perfect hindsight. I could say the same thing for every month before those going back 6-18 months.

    .

    Moonlight Mint
  • GoldFinger1969GoldFinger1969 Posts: 2,488 ✭✭✭✭✭
    edited February 13, 2025 9:45PM

    @jmski52 said:
    Schiff isn't wrong about gold, or the debt.

    His track record is horrible. I like the guy....he has some interesting things to say....but he would be FIRED by any fidicuary for lousy performance. He's been wrong on gold, the dollar, interest rates, and inflation 90% of the time since the GFC.

    The time to get into equities is after the fake money-printing stops and the fundamental problems of debt, >unfunded liabilities and profligate spending are reconciled honestly. It could be a while. Maybe DOGE will get >around to auditing the Treasury and the Fed, but I wouldn't bet the farm on it.

    No, the market is a discounting mechanism so the time to get into stocks would be BEFORE they are reconciled. :)

    The time to buy stocks is when they are going up as they have been for years. Schiff has a bad track record.

  • jmski52jmski52 Posts: 23,225 ✭✭✭✭✭

    It's not rocket science to "buy stocks" when the Fed is continually pumping the bond market. That time is over.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • psuman08psuman08 Posts: 376 ✭✭✭✭
    edited February 13, 2025 7:18AM

    There is never a bad time to buy stocks if you have a long-term view. Stocks have outperformed everything* over time and that is not debatable.

    edited: *bitcoin has outperformed the market.

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