Peter Schiff on CNBC Fast Money dated May 11th, 2010 talking about where the price of gold is headed. Peter believes the price of gold will eventually equal the DOW. That may mean 5000 gold and 5000 DOW or 10000 gold and 10000 DOW. Video Rating: 5 / 5
The 4 guys debating Peter are fucking IDIOTS…..seriously i know just about nothing about economics and the markets, but if you simply do the dow to gold ratio, or silver to dow ratio,, or gold/silver to median income home,, gold/silver are fucking destroying everything else,, no other thing in the stock markets is doing better than gold/silver, not even the mining stocks. If you have cash and want to invest SILVER/GOLD is the absolute best investment right now, silver in particular
what a bunch of light weighted no minds . why do they have to have four of these guys . the answer is that it takes four of them to put together enough questions for peter . int he end they cant comprehende his answers . to bad !
the time is probably closer than we think.
I’ve got an idea: if various communities and nations declared their current, and historical perhaps, agreements of trade equivalence. e.g. the equal-value amounts of honey, coffee, wheat, gold, silver, oil, and so on, and so those who agree a given value is right will trade with each other, so anything is money that we really need and use. Paper money is such dire fraud we should all be wary of being lulled to sleep by its masters
I really wish Peter Schiff would have tried harder to answer the question. It might take 20 years or more, but some economy somewhere might want to grow (maybe it shouldn’t, but maybe it will want to) and at that time the currency (or currencies) in play might very well be backed by REAL assets, like gold and silver, maybe even uranium … who’s to say? This serious question perhaps needs homework. I know I don’t have the answer.