Peter Schiff: " I'm the only person on CNBC that got it right..
bluelobster
Posts: 1,220 ✭✭✭
nobody else but me"
Not sure about his investment advice, but at least the guy is humble
Peter and a Stock trader debate
Not sure about his investment advice, but at least the guy is humble
Peter and a Stock trader debate
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<< <i>nobody else but me"
Not sure about his investment advice, but at least the guy is humble
Peter and a Stock trader debate >>
CNBC is best viewed with the volume on mute.
"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
His enthusiasm is infectious. Stock picks though could be costly.
<< <i>nobody else but me"
Not sure about his investment advice, but at least the guy is humble
Peter and a Stock trader debate >>
All I know is Schiff's advice in 2008 was worse than the market. He predicted the market would fall, but his contra investments actually did worse. So he knew what was going to happen and still failed.
<< <i>self defense >>
more like self defens(ive).
Here's the thing, he claims he was the only one who called the housing crisis, but when the rubber meets the road, in 2008, John Paulson actually made a boatload of money for his clients.
All the while, the average client invested in Peter's portfolios were down severely.... but hey, as he says, he's the only one that got it right....the fact is, hubris is his strongest attribute, not investment advice.
<< <i>
<< <i>self defense >>
more like self defens(ive).
Here's the thing, he claims he was the only one who called the housing crisis, but when the rubber meets the road, in 2008, John Paulson actually made a boatload of money for his clients.
All the while, the average client invested in Peter's portfolios were down severely.... but hey, as he says, he's the only one that got it right....the fact is, hubris is his strongest attribute, not investment advice. >>
His actual claim was "nobody else but me" came on CNBC to disagree with all the CNBC talking heads. And, he is correct. His 2006 book "Crash Proof" made a small fortune for those that followed his advice on gold. I'm glad I listened to him. Knows more about the economy than anyone you'll read on this forum and in most other places. His only downfall (as with all Washington outsiders) is his inability to know what the FED will do next to alter reality in the short term. He is dead on with what the long term affects will be. Time will once again prove him correct.
Appear Greenspan agrees with higher gold
Greenspan: "Price of Gold will rise"
Q: "Where will the price of gold be in 5 years?"
Greenspan: "Higher."
Q: "How much?"
Greenspan: "Measurably."
"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>nobody else but me"
Not sure about his investment advice, but at least the guy is humble
Peter and a Stock trader debate >>
CNBC is best viewed with the volume on mute. >>
I turn the volume up when Rick Santelli comes on. The rest of the time ... low volume, just like with some postings on this forum
btw..Schiff hasn't been correct with any of his forecasts in several years....just like J.S. or that guy who keeps making absurd predictions on NumiNews...P Heller
<< <i>The rest of the time ... low volume, just like with some postings on this forum >>
<< <i>His macro outlook is fundamentally correct. >>
Yup and so is everyone else s who are predicting that the Sun will burn out in about 4 billion years.
<< <i>
<< <i>nobody else but me"
Not sure about his investment advice, but at least the guy is humble
Peter and a Stock trader debate >>
CNBC is best viewed with the volume on mute. >>
Knowledge is the enemy of fear
<< <i>Disclaimer: Past performance is not a good predictor of future performance. >>
Man, if only I could include this on a resume and not get laughed out the door.
Amat Colligendo Focum
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