$2000 Gold in 2009 says Peter Schiff

peter is the man… …
peter is the man…..

He said gold could …
He said gold could reach $2000 an ounce in 2009, he never said it would. He did say the housing bubble would collapse, and it did.

I take it you are not an Austrian, are you a keynesian or a monetarist by chance?

But yeah the …
But yeah the options markets is what is not observed. Buying a bar of gold and waiting for it to go up to 2k is not the answer - when u can make money each day/hr/minute on a mere change of +/-

Should watch/Read …
Should watch/Read the ent of Money by Niall Ferguson and watch “Let’s Make Money” by Erwin Wagenhofer. The gold Standard was un-adopted cause america could not afford to pay for the Vietnam war - and america could not pay in Gold or would have gone bankrupt in the 70’s. So they went in with OPEC to make the OIL Standard and it set in American Dollars. But am quoting the Movie “Lets Make Money”. But the above FOX interview is in 08. Schiff is way off. Soros and Buffet are making money.

Peter Schiff is …
Peter Schiff is cool.

Watch this:

Gold Rush - The Gold Conspiracy

Looks like all you …
Looks like all you armchair austrian “economists” are wrong as usual. Time to go back to your parents’ basement and spend your time making pro-ron paul videos nobody will watch again

The guy has less …
The guy has less than 6 months to make $2,000

What sort of moron would buy an ounce of gold for $934.90 ($1,034 at a dealer) today, when they could only lay down $100, and buy a December Contract for $2,000.00 strike price futures option to get to the same thing. If wrong, you only lost $100

If you TRULY believe Peter Schiff, then you believe in six months gold will be at $2,000. Why in the wouldn’t you be smart about it, and lower your cost basis, and only lay out $100 in todays money?

Gold is an illusion …
Gold is an illusion just as paper money just as electronic numbers on your bank account - it is all a matter of trust in the guarantor behind it - And your gov. has written off the right to influence the value behind it, - that is left to the owners of the privately owned Federal Reserve to do with as they please and thats what they do because you cant see through their manipulating scheemes. Free yourselves make a revolution -again.

its not gold n …
its not gold n silver that are changing in value, its the purchasing power in the monetary unit that fluctuates. Peter Schiff is the man

sounds like a great …
sounds like a great plan to me.
if consumer production ever starts moving agian silver will sky rocket (being an industrial metal) probably will out preform gold big time .

That’s mainly what …
That’s mainly what i have. I try to keep it at 1oz of gold for every 100 oz of silver. What’s you’re thoughts on that ratio?

good for you and …
good for you and don’t for get that shiney silver either.i look at gold /siver like i look at my $300 shotgun that sits in the closet rarely used; it might be dusty ,and i could have spent that $300 on some thing more fun, but when that back door goes bump in the night,i sure am glad that 12 guage is there(i’d gladly pay double for it then!)

You’re right. Never …
You’re right. Never worth zero. People think that if gold/silver drops. Then I loose. Well, yeah short term. But when the SHTF my 1 oz gold coin that I bought for 980 last week won’t be zero like the dollar. It might be 10 bucks, but that’s 10 bucks the other guy doesn’t have. My point….You’re right own!

Its simply an et …
Its simply an et being pushed on people by Wall St. just like all the other ets.

If they can get you to buy, they will win!

Schiff is ultimately just another broker/dealer. HE IS SELLING YOU FOREIGN STOCKS, GOLD, ECT. He has enouph influence to move the entire market…

It should be illegal. But that’s how it works.

Whatever.

Good luck to anyone who buys Gold. I just think its fascinating how Schiff is pulling off the same old tricks everyone on Wall St. always has done!

Excellent point …
Excellent point crabtree.

There is great confusion over what the exact definition of inflation is, and even deflation for that matter ACROSS THE DIFFERENT SECTORS OF FINANCE;

For example economists, and real estate people, and corporate managers, accountants, bankers, all have slightly different definitions of what it means, and subcategories of Inflation as you’ve pointed out.

THIS ISN’T EVEN MY AREA OF EXPERTISE!

I’m writing these posts to point out the MANIPULATION going on…

as to your negitive …
as to your negitive look on gold/silver
well that is nonsense. let me know what civilization valued gold/silver at zero
fiat currancy on the other hand almost always ends at zero . this is not a gold “buying spree” it has held very firm for over 2 years now . if the IMF dumps their gold stores on th market the price will drop for about a year till it is absurbed by the market either way, gold in 3 years $2500+

your responses are …
your responses are well thought out but wrong zurich.deflation/inflation is what you do to a bike tire . you need to clarify
“monatary” or “price” infl/defla.we have serious “price deflation” caused by the eco slow down,we will have strong “monatary inflation” because of a market flooded with fiat stimulus dollars

Well yea, i could …
Well yea, i could agree with that. But what about the remaining 70%? They’re still working, and earning “inflated money” plus, unemployment does not mean they do not work sidelines (I am currently considered unemployed, but i still work 70 hours a week sidelines, but i am willing to admit that i may be an exception to the rule.) And this newly printed money is already pumped into the big companies, so it IS on the market, causing inflation. Correct me if i’m wrong. I like where this is going.

Read my comments …
Read my comments above this one for my explanation.

you still have 30% …
you still have 30% of people with no way to generate income (because they are jobless)

So you are stuck with deflation, no matter how much currency is floating around.

The scenario of increased currency being printed and increased job losses is a scenario of total economic collapse similiar to what happened in Japan in the early 90s. (sort of)

Check out some Martin Weiss stuff. He explains it in a way that make sense.

(He also wrote a book called “crash profits” I believe)

ExquisiteDoom;

…
ExquisiteDoom;

See we are already arguing over definitions of terms.

Lets not waste our time on that. Look at it this way;

If unemployment hits 30% for example, and nobody has any jobs, then the cost of goods goes down because not as many people will spend money.

This is a form of deflation.

With all the new money being printed, (which most people agree causes Inflation) you have a strange scenario which isn’t really supposed to exist.

But (read my next comment)

And its a tactic to …
And its a tactic to create huge confusion and to DENY CREDIBILITY by et managers, bankers, politicians, economists, and anyone involved in banking

It really depends …
It really depends on how you define Inflation and deflation.

If you look at them deeply, you will find that economists, and politicians are DEFINING DEFLATION AND INFLATION IN SOME CASES AS THE SAME THING, AND THEY GENERALLY DO NOT AGREE WITH THE MORE COMPLEX DEFINITIONS ON INFLATION AND DEFLATION UNDER SELECT SCENARIOS.

This is a huge trend I’m seeing over and over again.

Uhm. Isn’t …
Uhm. Isn’t deflation due to the lack of money supply…. Which means you’d have to trade , for example, more for a piece of gold in the example of gold deflation? Which really only means that there is much more demand or the market is consuming more than it is supplied…. Meaning that deflation is actually a good thing for those who own the deflated ressource. Extreme deflation of a dollar would suck yes, but it cannot happen as long as we have fractional nation banking.

This is kind of …
This is kind of funny, because you literally do not know what to do with your etts right now because its all changing so rapidly that anything can happen.

“Should we go back to the Gold standard?”

We may not have a choice!