Peter Schiff explains that America isn’t creating more jobs, it’s just hiring more people to do the same amount of work. Welcome to the new job-sharing econo…
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Can you make a video on your thoughts about “Operation Chokepoint” and how
that effects customer relationships with bullion dealers like yourself.
Peter, you’re the most biased ideological market commentator there is out
there -yet it doesn’t ato you from calling your horse crap “unbiased
analysis”? If you’re looking for a laugh you certainly got it from me
When a Govt lies to it’s people it is no longer a govt. FOR, BY the people.
You’re reaching here Schiff…even if what you state is true….part time
job is BETTER than NO job
You’re absolutely right that we’ll be seeing another QE program in the near
future. QE is like a drug and the effects of the last “high” in the markets
is already wearing off. Many of your critics seem to think that you are
biased because you are encouraging the purchase of gold and that just so
happens to be the basis for your business. However, regardless gold will
retain its value in a way that fiat currency never will. I find it funny
that this whole thing is like a domino effect. The moment the US took the
dollar off the gold standard and the printing presses started rolling much
of the rest of the world felt like they needed to do the same to stay
competitive.
Which central banks have allready gone to negative rates.
Preliminary jan hours worked shows no big decline
Can you believe this guy. Peter we cant afford to buy anymore Gold. Enough
is enough of your missed projections. Why in the world would we do this?
It has been a long time coming and you have tapped out a number of
Investors who are stuck in Gold & Gold Mining Investments/ETF’s which you
recommended.
Now you want us to continue buy and then sit on a Metal that keeps falling
with no good rhyme or reason? Sorry, but my Safeway wont take Gold for my
overpriced groceries.
You/We are screwed as this manipulation will go on by Central Banks for 5
to 6 years and if QE4 hits Gold will drop even further. Who needs Gold when
the Fed will be pumping up the Stock Market to insane levels.
Past two jobs I’ve worked at are intentionally under staffing to save
money, so IDK where you’re getting this “sharing jobs” idea from.
Where are the stats to back up this Obamacare claim? If what you are saying
is true Peter, then the BLS stats should (in theory) show massive increases
in part time workers at the expense of full time workers. That is not what
the data shows.
Sure, the economy is screwed and it eventually will implode as debt gets
piled up on debt.
But you have been claiming for a LONG time that gold will skyrocket and
the dollar will disolve and inflation will skyrocket. that is NOT
happening. Sure, it probably will one day..but not until the Fed is out of
bullets AND confidence collapses. Neither looks anywhere near to happening.
People are losing respect for you. Not for your long term thoughts. Most
sound money people agree with you there. But your constant nonsense of ‘I
think we have turned the corner’ has gotten old. You are starting to sound
like Gerald Celente now.
Stop telling us what you think and what you guess and start showing us
facts data and let us decide what to do.
It is irresponsible of you to ask people to put money into precious metals
when you keep being wrong about them turning around.
If you want to say they might one day turn around…fine. But please, if
for no other reason then your reputation, stop saying it is or it soon will
be turning around when you clearly have NO IDEA when it will turn around.
I had a lot of respect for you. And I still think you understand economic
basics very well. But stop making predictions you cannot know or say good
bye to what’s left of your reputation.
When in sept 2012 QE3 hit, gold did not rally, just a small bump and then
started its still lasting long decline. Why would QE4 be different?
It’s like musical chairs. The music plays and we all dance around the
chairs in a circle, when the music stops is anybody’s guess, But it will
stop! When it does there won’t be enough chairs for those dancing.
The markets are rigged, and a crash is inevitable at this point, you can’t
print money and not expect consciences. You don’t buy gold to make a
profit, you buy it to secure your wealth. It’s a hedge, always has been.
Don’t buy it, but when the crash happens don’t come begging with hat in
hand…
As usual Peter points out that the real broken clock is the central
government and the Federal Reserve. I enjoy Peter’s updates even if the
two trolls (Bill Shit and MUKMUK) that like to watch his videos don’t.
I like how, once again, you’ve got naysayers that are looking for a quick
buck and have no idea what real wealth is. Just read below and you’ll see
people who I like to call ADD investors….cough cough Bill Smit and Mak
Muk. I’d like to know what investments you were raving about in 2007-2011,
while gold jumped from $700 to $1,400.
Fed will be raising rates shortly you will be wrong just like you were
wrong about qe ending December 2013 and bond yields raising after qe ends
and wrong about stock market falling as qe ends also wrong about oil rising
due to “inflation” and wrong about usd weakening vs euro.
Re: EdWSr & Pep357
Sirs, please note that I have owned my own business for over 30-years so
please be aware that I am using my “Real Wealth” to invest in this Metal
which has diminished a portion of my “Real Wealth” or Investment in a very
short period of time with no end in sight.
Yes, I want a big gain and I will sell my Gold Market investments and
“Grab” that gain if and when the opportunity occurs. Only a Greedier
Fool/You-2 would you want to pass on a substantial Gain as you are always
waiting to sell at the top. Don’t you ever cash in your Penny Jar on the
nightstand or are you waitng for Copper to spike.
I still enjoy Peter and his thoughts but he is maybe too much of a Gold
Bug. Believe me, we all need him to be right in his projections.
At the end of this Video he advises all to continue to buy Gold at this new
Great Low Price. Really, a true concerned and conscientious Financial
Planning Pro might recommend to his followers and clients something else or
to just back off for a short while and not dig themselves a potentially
deeper hole like his recommendation of Gold Mining Stocks.
.Lets face it, right now this is a flaky disliked investment in a corrupt
economy which will only profit on “Bad News”. He doesn’t recommend anything
but Gold & Silver.
Bill Shit & A Troll? Well I Never!, Hey: “Can’t We All Just Get Along?”
Not buyin this from my experience. At my job they still hire per-diem
workers that don’t get benefits. Also at my job we are not some mickey
mouse operation. We are so busy there’s no way you can get away with
hiring multiple part-time workers and try to piece it together. What a joke.
Gold has been dead money for me. The stuff just sits there collecting dust
in my safe. Meanwhile I’m up significantly in the last year just in
cigarette stocks. Not only that I’ll collect dividend income for the rest
of my life on that investment.
Surprise, surprise. Another Peter Schiff fail. He is on a roll. ObamaCare
has *not* resulted in an explosion of part time work. Part time work was
about 20% of the labor force in 2010, it is around 18% today.
QE , and the Economy in the Fed’s view (which is supported by Krugman !! )
– It’s like when you jump off a big building and hit the ground causing
broken bones.
Your basic problem is hitting the ground so if you get a bigger building to
jump off the ground will not hurt you like it did.
That’s the problem – you need a higher building and if the ground still
looks a problem get an even bigger building – that’s the problem !! – the
building is too short .
A ounce of gold in 1910 would buy you a fine tailored suite an ounce of
gold sold to day will buy you a fine tailored suite so what did we learn?
Gold and other PM’s are a stable means of long term wealth protection you
may not “get ahead” or have massive profits but you will likely keep the
value of you labor regardless of fiat money shenanigans Just don’t keep it
in a bank as FDR proved government thieves are the “Best” thieves.
Here’s a third possibility to ponder: what if, at the next Fed meeting,
they don’t raise interest rates or launch QE4, but instead *take rates
negative* in the example of the Eurozone? It’s going to happen eventually;
ZIRP hasn’t resuscitated the zombie U.S. economy, but negative rates might
reanimate it temporarily before it completely rots and falls apart, and the
Fed is all about the short-term illusion over the long-term plan.
Of course, they won’t get the spending they’ll be trying to force; people
will just take their remaining money to their mattresses instead of their
banks.
Currency is usually not a good investment since it falls dramatically in
value over time. But Gold is a relatively better investment than curency
and the US dollar value isa good comparison. Gold has incresed it’s value
against the US dolar by 4 times over the past 5 years. Much more over the
past forty yeras.
Gold price been “under pressure”? ROFLMAO! That’s an understatement.
It’s DROPPED from $2,000 to $1200 in the last two years. Hello? Why don’t
you just quit f’n over people, Peter and stop this bullsh*+.
.
don’t believe peter? check out the continuing food stamp record numbers
even while the jobs numbers “improve”