Thursday, April 19, 2012

Schiff on Gold

Peter Schiff.  He was ridiculed by the mainstream press for being wrong on the housing bubble before it happened. But then it happened.  And now the mainstream press look like fools. Google "peter schiff was right" and watch the youtube assault on Peter when he was predicting totally accurate housing crash.

The more things change, the more they stay the same.

Now the mass media hates gold.  Of course they do, but on what basis of logic?  None.  So here is Peter Schiff on gold and I bet he is right again.  Let's listen...

"Betting against gold has been the wrong trade. Over time, gold keeps making new highs. The same could be said for gold stocks, albeit at a slower rate. The gold shares reflect the fact that you’ve got a lot of skepticism. This is the antithesis of a bubble. Instead of there being euphoria and people speculating on a gold rally, they are all betting against it. Meanwhile, gold continues to climb a wall of worry.

"The gold bears don’t understand the fundamentals. These were the same people that didn’t see the housing bubble or the financial crisis. This is why you will see the few people that bet right on subprime, are also the ones that are betting on gold. These savvy players have a better understanding of the macro-economic fundamentals."

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/17_Peter_Schiff_-_Gold_Bears_to_Get_Pummeled,_No_Crash_in_Stocks.html

 

You can't have esponential doubling rates on currency printing and still have gold stay still or go down.  Gold can't go down or stay stable.  It will rocket up compared to fiat currency because fiat currency is being taken out with the trash.

Silver is an even better investment due to industrial "draw down" of above ground supplies.  Do keyword searches on that to find out more.

Posted via email from The Hook of Magog

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