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Peter Schiff is the man!

DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
in Precious Metals
His prediction for the very near future.....

Schiff
"Gold is money, and nothing else" (JP Morgan, 1912)

"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

"I only golf on days that end in 'Y'" (DE59)

Comments

  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    He has a great reputation for being da man, we'll see if he has to take a rating downgrade.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    He's right, you know.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>He's right, you know. >>


    I know, he was right when he convinced me to convert all savings and retirement accounts to $600 gold with his publication of "Crash Proof." The rating downgrade comment was just me attempting to be funny.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I know, he was right when he convinced me to convert all savings and retirement accounts to $600 gold with his publication of "Crash Proof." The rating downgrade comment was just me attempting to be funny.

    My comment was for the benefit of anyone who needs some exposure to rational thought and honesty. Peter is both. I figured you were being facetious, but I'm not fully awake yet.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>I know, he was right when he convinced me to convert all savings and retirement accounts to $600 gold with his publication of "Crash Proof." The rating downgrade comment was just me attempting to be funny.

    My comment was for the benefit of anyone who needs some exposure to rational thought and honesty. Peter is both. I figured you were being facetious, but I'm not fully awake yet.image >>


    Those not exposed to him should defiinitely step out into the sunshine. No sunscreen needed.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • SpoolySpooly Posts: 2,108 ✭✭✭
    I like Peter Schiff and have his book "Crash Proof"....... but remember his investments and funds took a beating in 2008 also. Even he admits that there is no place to hide when EVERYTHING is going down!
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>I like Peter Schiff and have his book "Crash Proof"....... but remember his investments and funds took a beating in 2008 also. Even he admits that there is no place to hide when EVERYTHING is going down! >>



    He did take a beating as you note as did others. I think he actually faired better than most though. He admits as you note that at times there's no where to hide.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭


    << <i>

    << <i>I like Peter Schiff and have his book "Crash Proof"....... but remember his investments and funds took a beating in 2008 also. Even he admits that there is no place to hide when EVERYTHING is going down! >>



    He did take a beating as you note as did others. I think he actually faired better than most though. He admits as you note that at times there's no where to hide. >>



    There is always someplace to hide but is often overlooked, usually due to preconceived notions or misplaced concerns.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • halfhunterhalfhunter Posts: 2,770 ✭✭✭


    << <i>

    << <i>

    << <i>I like Peter Schiff and have his book "Crash Proof"....... but remember his investments and funds took a beating in 2008 also. Even he admits that there is no place to hide when EVERYTHING is going down! >>



    He did take a beating as you note as did others. I think he actually faired better than most though. He admits as you note that at times there's no where to hide. >>



    There is always someplace to hide but is often overlooked, usually due to preconceived notions or misplaced concerns. >>



    But who would have thought that the USD was that place?

    Anyway is was a great opportunity to add to the ol'stack ! ! !

    HH
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Many of his followers don't realize his father is doing federal time for standing up to the IRS.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>Many of his followers don't realize his father is doing federal time for standing up to the IRS. >>



    and he will never get out...........MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    Haven't read his book, but have followed him pretty closely for over a year. Guy knows what he is talking about for sure. And he explains it pretty much with common sense.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • vannvann Posts: 318
    They don't call him 'Schiff the Sage' for nothing image
  • dbcoindbcoin Posts: 2,200 ✭✭


    << <i>He has a great reputation for being da man, we'll see if he has to take a rating downgrade. >>



    He's a moron. 2 years ago he predicted exactly what would happen yet his customers lost MORE then everyone else as his picks (foreign stocks) lost more than US stocks. How could a guy who knew what was going to happen lose all his money anyway?

    His father is in jail for tax evasion so he has a grudge against the US. So take all his grandstanding and advice with a large grain of salt.
  • vannvann Posts: 318


    << <i>

    << <i>He has a great reputation for being da man, we'll see if he has to take a rating downgrade. >>



    He's a moron. 2 years ago he predicted exactly what would happen yet his customers lost MORE then everyone else as his picks (foreign stocks) lost more than US stocks. How could a guy who knew what was going to happen lose all his money anyway?

    His father is in jail for tax evasion so he has a grudge against the US. So take all his grandstanding and advice with a large grain of salt. >>


    The only people that lost money investing with him or listing to his advice to buy precious metals and foreign currencies were the people that sold. His predictions were tied to a falling USD. He did not expect the dollar rally (which he called a head fake) after the crash in 2008. He claims the same won't happen now that the fake recovery is exposed.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>

    << <i>He has a great reputation for being da man, we'll see if he has to take a rating downgrade. >>



    He's a moron. 2 years ago he predicted exactly what would happen yet his customers lost MORE then everyone else as his picks (foreign stocks) lost more than US stocks. How could a guy who knew what was going to happen lose all his money anyway?

    His father is in jail for tax evasion so he has a grudge against the US. So take all his grandstanding and advice with a large grain of salt. >>


    I'm a customer, I have followed his advice for the past six years in both metals and asian equitites and I have made a bundle from his insight. Sorry to hear that you were one of the few that didn't.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • dbcoindbcoin Posts: 2,200 ✭✭


    << <i>

    << <i>

    << <i>He has a great reputation for being da man, we'll see if he has to take a rating downgrade. >>



    He's a moron. 2 years ago he predicted exactly what would happen yet his customers lost MORE then everyone else as his picks (foreign stocks) lost more than US stocks. How could a guy who knew what was going to happen lose all his money anyway?

    His father is in jail for tax evasion so he has a grudge against the US. So take all his grandstanding and advice with a large grain of salt. >>


    I'm a customer, I have followed his advice for the past six years in both metals and asian equitites and I have made a bundle from his insight. Sorry to hear that you were one of the few that didn't. >>



    He was telling people to get into the emerging markets and they tumbled more than the US market. That is a fact.
  • dbcoindbcoin Posts: 2,200 ✭✭
    If the title of this thread was James Turk or Jim Sinclair was da man, then I would agree.
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