I had a pretty cool visit from smoebody this morning. Not quite Sinclair, but close : )

Justacommeman

Peter Schiff and his brother Andrew stopped by the/my showroom this morning. Peter debated Jeremy Seigel at the nearby University Club earlier in the day. Rumors are he kicked Jeremy's butt..........That's their mother in the middle.

MJ

derryb

Very cool. Are you in the background? Tell us about your showroom.

jmski52

NO WAY! How cool is that!

pmcollectour

We're they shoe shopping, or did they come just to say hi ?

Justacommeman

<< <i>Very cool. Are you in the background? Tell us about your showroom. >>



I knew you in particular would appeciate that pic. That's our Showroom in the 1370 building. 56/6th.............. Womens's shoes. To keep it pm related, I'm hot on the color gold for next Fall..........I work with Peter's Mom and that's how I know him. He was actually semi bubbly today. Derry, I took the picture so no that's not me in the background.MJ

derryb

<< <i>

<< <i>Very cool. Are you in the background? Tell us about your showroom. >>



I knew you in particular would appeciate that pic. That's our Showroom in the 1370 building. 56/6th.............. Womens's shoes. To keep it pm related, I'm hot on the color gold for next Fall..........MJ >>


Yepper, Peter helped me retire early. He is my hero. Too bad his pop is still in the pokey for trying to fight the IRS.

ksammut

Way cool!

mrearlygold

Another ultra right wing extremist.

pragmaticgoat

That's so cool, thanks for sharing

gsa1fan

Mom, is a pleasant distraction

derryb

<< <i>Mom, is a pleasant distraction >>


I can see you're easily distracted

Justacommeman

<< <i>Mom, is a pleasant distraction >>



Tim, I'm worried about you. Therefore, I'm posting a picture of my models in some of the fav's from Spring 11's collection. Enjoy. MJ

renman95

<< <i>

<< <i>Mom, is a pleasant distraction >>



Tim, I'm worried about you. Therefore, I'm posting a picture of my models in some of the fav's from Spring 11's collection. Enjoy. MJ

>>



So Spring '11 is all about wearing opposite shoes.

renman95

......PM Forum now stands for Precious Models.

jmski52

Precious metal model opposite shoe foot fetishes?

Meltdown

<< <i>......PM Forum now stands for Precious Models. >>

gsa1fan

guitarwes

Do you wear black skin tight bodysuits while you prance around there also? That might run the customers off, leave it to the models.

jmski52

I bet Peter would enjoy this place. It would be pretty cool to have him drop in. I'm just sayin'.

calleocho

what does his brother do?

57loaded

that is madd sick!

now i know why you picked your avatar...selling CFM shoes to those who will wear them....that IS something the most intersting man in the world does!!!

dbcoin

Not a big Schiff fan anymore. His investments took a beating just like everything else in 2008. I liked him a lot a few years back and his advice helped spur me into gold. Then he started pimping emerging markets stocks and such. They got crushed.

If you see his last commentary, he says numismatic coins are a scam.

You have a great job.

Justacommeman

DB- I agree with you. In 2008 he took a beating with all his Australian and anti dollar investments like the rest of the investment world. All in all I'm still a fan.

57- I'm a designer. It's funny that you know what CFM shoes are. I couldn't sell to save my "sole". I wish I could...................

Peter's brother works for Euro Pacific ( Schiff's firm) He is a great guy

MJ

roadrunner

If you see his last commentary, he says numismatic coins are a scam.

I don't think Schiff understands that numismatic gold coins don't have to cost 100X their melt value. That might work for proof $20 Libs and Saints. Doesn't he realize that a MS65 $20 Lib fetching 3X melt is a legitimate hedge utilizing both the price of gold as well as numismatic demand? For 99.999% of the world, proof $20 Libs aren't even on the radar screen due to unaffordability. Even a "stinkin" lowly CAC MS65 Saint at $2300 (1.7X melt) is a two-edged gold/numismatic sword. Most gold analysts do not understand the gold numismatic market so Schiff has plenty of company. Fwiw it is far simpler just to deal with 1 oz bullion gold coins. That have outperformed most, if not all generic gold over the past 5-10 years. But if one is playing gold market cycles, each of them has advantages at specific times. Up until spring 2006 numismatic generic gold had far outperformed bullion gold. But that was when the coin market began to peak. Generic gold in 63-66 grades really hasn't recovered since then.

MJ, is there any relationship between trends in the shoe market and PM's? Is that why you're always one step ahead of everyone?

roadrunner

MilesWaits

Very cool MJ!! You are uber-connected! Thanks for sharing your exciting lifestyle!

Miles

Wolf359

Awesome photo and thread. Thanks for sharing.

PS. I'm mega-jealous.

dbcoin

roadrunner - exactly. I like MS62-63 Liberties and Saints. You can get those for 10% or 20% over melt.

MJ - The thing I don't get about Schiff is he called what was going to happen almost EXACTLY yet still lost his shirt just like everyone else. That's almost worse then those who didn't see it coming and lost their shirt.

Justacommeman

<MJ - The thing I don't get about Schiff is he called what was going to happen almost EXACTLY yet still lost his shirt just like everyone else. That's almost worse then those who didn't see it coming and lost their shirt>

DB- again, spot on. It puzzled me greatly also. He called each collapse and nailed it. His pitfall and what he didn't allow for was the fact that the dollar surged. He didn't count on that. The day Lehman failed was the writing on the wall. The weak dollar traded reversed and he was leaning all one way. I guess a lot of folks figured that if US banks failed that the dollar would get even weaker and that gold would soar. In 2008 that's not what happened. Moral of the story..............don't lean all one way and check your stubborn hat at the door even if it goes against your mantra.In fairness, if you stayed the course with his trades/Euro Pacific and you gutted it out 2008 you are ok today. Peter's mother is a Euro Pacific client and we had interesting conversations during the crisis. She stayed the course. She is fine.

RR,

I'm not good at many things. Fashion and financial forecasting I'm decent at and comes a little natural. Not much else.

MJ

edited for spelling

TWQG

I always watch when I see Peter on the financial channels though I haven't heard his internet radio show yet.

Are the two models on the right sisters? Are they single? Oh, wait, I'm not. Nevermind.

mrearlygold

<< <i>If you see his last commentary, he says numismatic coins are a scam.


I'm listening right now to todays video. I truly hope you mis heard something or that he didn't say anything like that. Unless of course he was calling someone/some company out for doing that.


OK, this one??

December 3, 2010
Gold, dollar, oil, jobs, deficits


I missed it

jmski52

Doesn't he realize that a MS65 $20 Lib fetching 3X melt is a legitimate hedge utilizing both the price of gold as well as numismatic demand? For 99.999% of the world, proof $20 Libs aren't even on the radar screen due to unaffordability. Even a "stinkin" lowly CAC MS65 Saint at $2300 (1.7X melt) is a two-edged gold/numismatic sword. Most gold analysts do not understand the gold numismatic market so Schiff has plenty of company. Fwiw it is far simpler just to deal with 1 oz bullion gold coins. That have outperformed most, if not all generic gold over the past 5-10 years. But if one is playing gold market cycles, each of them has advantages at specific times.

rr, you're always about 2 phases ahead of me - but I agree with you that what you've said here isn't understood by many people. The same thing applies to numismatic Modern Bullion. The numismatic premium acts as a great buffer with only a small downside as the market declines, but when the market is rising the premium may shrink somewhat but it doesn't hurt you.

I don't understand the exact timing of playing the market cycles as you describe it, but I recently started selling a little of my Modern Bullion holdings that have gained a significant numismatic premium. I was going to plow the proceeds into the Hockey Pucks, but I've almost decided NOT to buy into the high-premium issue and instead to simply buy more bullion at the lowest spreads I can find. Selling a bit of high premium stuff seems like the right move now, but I'm not sure that I can tell you exactly why.

derryb

<< <i> Selling a bit of high premium stuff seems like the right move now, but I'm not sure that I can tell you exactly why. >>


Selling high premium stuff also. Doing so to be in a cash position for the next dip. Predict a temporary sell off if tax cuts don't get extended as investors scramble to lock in profits at this year's lower tax rates.

johnny9434

very cool to see them congrats

SportsModerator

This thread works on multiple levels for me (other that the mismatched shoes....must be a clearance outlet MJ's running )

ANACONDA

That s just way too cool. Peter Schiff is a hero of mine and I am friends with someone who knows him?[/i/] Yes!