I work for HD too and I say EVERYONE needs to remodel their home right now! I'd like my stock to be at $100/share so I can sell it and buy losts of gold and silver.
I would highly analyze Peter's bias, interest and motivation in this video on buying gold now? I consider his first 36 seconds to be of value and would stop there, basically that he earlier recommended to buy early before the breakout. Now, he is backtracking and saying to buy now, at what he considers a breakout and a higher price.
So what advice from him sounds reasonable, "to buy earlier and not now", or "disregard his own earlier advice and buy now".
I would rather miss a buy window and feel regret. Just my point of view at this time.
<< <i>Peter Schiff also owns a precious metals company.
I'm sure the owner of the Home Depot also says buy................lumber. >>
I knew Sinclair owned a PM company. I was unaware that Peter owned one. Which one?
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......
Schiff is one of the good guys. All he means in this recent video is that it's "not too late" get add to your PM position. This upward movement in the market is a great sign for PM bulls. I've caught falling knives a few times now, so I resolved to wait for a significant period of support followed by an uptick before making any major buys. I think we just hit that this week. Sure it will still bounce around from the high 20s to low 30s for a while, but I am staying alert for any small dip now before pulling a biggish trigger.
<< <i>Peter Schiff also owns a precious metals company.
I'm sure the owner of the Home Depot also says buy................lumber. >>
Schiff recently added a PM company in the last couple of years, way after he started recommending gold in early 2000s. Looks like he puts his money where his mouth is, I wish they all did.
<< <i> would highly analyze Peter's bias, interest and motivation in this video on buying gold now? I consider his first 36 seconds to be of value and would stop there, basically that he earlier recommended to buy early before the breakout. Now, he is backtracking and saying to buy now, at what he considers a breakout and a higher price. So what advice from him sounds reasonable, "to buy earlier and not now", or "disregard his own earlier advice and buy now" >>
Maybe the same economic melody has been playing so long, his unchanging advice is as good now as it was in 2005 and most all points in between. I started stacking in 2006 after reading his "Crash Proof." His reasoning made sense then and continues to do so.
"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
Ya, I had a brain cramp. I did know that. I somehow read or interpreted that earlier comment as a mining company which I knew wasn't the case. Bad 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......
I agree with the substance of what he's saying, and at this point I also happen to agree with his timing.
Let's take a look back a few months. In January or so, the fact that it is an election year adds credence to the belief that QE was going to happen sometime during the year. If the economy made a comeback before the election, that's all fine and good - no QE would have been "needed".
Now it's crunch time for the party in power if they want good vibes about the economy going into the election. The irony of course is that the more malinvestment they stimulate without promoting the policies that result in real economic growth, the worse the hangover is going to be.
Time to play their last Ace in the Hole.
My own opinion hasn't changed either. If I knew of a better place to put money, I'd be doing it. I bought gold yesterday and I'm still going to make at least one more buy this year, unless the price runs away too quickly. I don't mind buying on the way up, if it's fairly early. My perception is that it's fairly early still.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Peter sounds like s great guy to hang out with at a party.
Just before you jump off a bridge.
>>
don't jump.
"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
Comments
Peter Schiff also owns a precious metals company.
I'm sure the owner of the Home Depot also says buy................lumber.
Too many positive BST transactions with too many members to list.
I would highly analyze Peter's bias, interest and motivation in this video on buying gold now? I consider his first 36 seconds to be of value and would stop there, basically that he earlier recommended to buy early before the breakout. Now, he is backtracking and saying to buy now, at what he considers a breakout and a higher price.
So what advice from him sounds reasonable, "to buy earlier and not now", or "disregard his own earlier advice and buy now".
I would rather miss a buy window and feel regret. Just my point of view at this time.
<< <i>Peter Schiff also owns a precious metals company.
I'm sure the owner of the Home Depot also says buy................lumber. >>
I knew Sinclair owned a PM company. I was unaware that Peter owned one. Which one?
MJ
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......
–John Adams, 1826
<< <i>Peter Schiff also owns a precious metals company.
I'm sure the owner of the Home Depot also says buy................lumber. >>
QE3 (maybe?) and protection of assets, where does one stash a bunk of lumber?
Schiff is just talking his book.
<< <i>Peter Schiff also owns a precious metals company.
I'm sure the owner of the Home Depot also says buy................lumber. >>
Schiff recently added a PM company in the last couple of years, way after he started recommending gold in early 2000s. Looks like he puts his money where his mouth is, I wish they all did.
<< <i> would highly analyze Peter's bias, interest and motivation in this video on buying gold now? I consider his first 36 seconds to be of value and would stop there, basically that he earlier recommended to buy early before the breakout. Now, he is backtracking and saying to buy now, at what he considers a breakout and a higher price.
So what advice from him sounds reasonable, "to buy earlier and not now", or "disregard his own earlier advice and buy now" >>
Maybe the same economic melody has been playing so long, his unchanging advice is as good now as it was in 2005 and most all points in between. I started stacking in 2006 after reading his "Crash Proof." His reasoning made sense then and continues to do so.
"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
<< <i>
<< <i>Peter Schiff also owns a precious metals company.
I'm sure the owner of the Home Depot also says buy................lumber. >>
I knew Sinclair owned a PM company. I was unaware that Peter owned one. Which one?
MJ
>>
Schiff's gold mine
<< <i>
<< <i>
<< <i>Peter Schiff also owns a precious metals company.
I'm sure the owner of the Home Depot also says buy................lumber. >>
I knew Sinclair owned a PM company. I was unaware that Peter owned one. Which one?
MJ
>>
Schiff's gold mine >>
Ya, I had a brain cramp. I did know that. I somehow read or interpreted that earlier comment as a mining company which I knew wasn't the case. Bad MJ.
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......
He does however have a vested interest in the sale of PM's though.
On the otherhand, I do believe it's a good time to buy.
What's my point?.....I really don't know
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Let's take a look back a few months. In January or so, the fact that it is an election year adds credence to the belief that QE was going to happen sometime during the year. If the economy made a comeback before the election, that's all fine and good - no QE would have been "needed".
Now it's crunch time for the party in power if they want good vibes about the economy going into the election. The irony of course is that the more malinvestment they stimulate without promoting the policies that result in real economic growth, the worse the hangover is going to be.
Time to play their last Ace in the Hole.
My own opinion hasn't changed either. If I knew of a better place to put money, I'd be doing it. I bought gold yesterday and I'm still going to make at least one more buy this year, unless the price runs away too quickly. I don't mind buying on the way up, if it's fairly early. My perception is that it's fairly early still.
I knew it would happen.
Just before you jump off a bridge.
Knowledge is the enemy of fear
I knew it would happen.
<< <i>Peter sounds like s great guy to hang out with at a party.
Just before you jump off a bridge.
don't jump.
"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