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
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24 Responses to “Peter Schiff – Gold to DOW ratio will eventually be 1:1 – 05-11-10”
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.
December 26th, 2012 at 10:49 am
Comparing the dollar to other fiat currencies is like asking what car is winning a race when they are both gonna drive into a brick wall.
It always annoys me in these videos about PMs when they flash the damn dollar index chart.
December 26th, 2012 at 11:27 am
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
December 26th, 2012 at 11:53 am
The guys in the little boxes look and sound like clones.
December 26th, 2012 at 12:02 pm
really?
long term economics is what people do for retirement.
so they aren’t living on foods stamps late in life.
peter is the man
no matter how you slice it.
to invest is to invest for the future.
not 2 or 3 or 10 years.
but longer.
December 26th, 2012 at 12:36 pm
its the qoute that is BRILLIANT
“in the long term we are all dead”
long term economics is a load of shit
December 26th, 2012 at 1:21 pm
Keynes was garbage. It is his fault we are in this mess. Greenspan and Bernanke are both from his school of economics.
People like Faber, Rogers, and Schiff are from the school of Austrian economics which is very common sense.
December 26th, 2012 at 2:04 pm
as Keynes said in the past about long term economics
“ IN THE LONG TERM WE ARE DEAD”
December 26th, 2012 at 2:45 pm
He has a long term approach to investing. Not short or midterm.
December 26th, 2012 at 2:57 pm
At least they gave him credit for being right in the past.
December 26th, 2012 at 3:15 pm
. Thats true
December 26th, 2012 at 3:42 pm
You act like that was a specific call, when in reality he was also telling people to sell DOW at 14,000 and buy gold when it was $300.
December 26th, 2012 at 4:37 pm
Peter Schiff is an asshole, he told the people to sell the Dow Jones at 7000,
it went up after to 11000
When Wall Street CRASHES
GOLD will Crash
December 26th, 2012 at 5:02 pm
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 !
December 26th, 2012 at 5:30 pm
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
December 26th, 2012 at 6:27 pm
i dont think anyone know the answer to that , its to far away
maybe china
December 26th, 2012 at 6:41 pm
what do they have five people there for ? five “experts” who dont know anything and cant seem to understand much
December 26th, 2012 at 7:32 pm
Peter is just there for these plastic know-nothings to laugh at. What a joke. peter, JUST SAY NO to these assholes.
December 26th, 2012 at 8:20 pm
why the idiots never listen to him.
December 26th, 2012 at 8:21 pm
right … and LSD will become the new cotton-candy.
December 26th, 2012 at 8:47 pm
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.
December 26th, 2012 at 9:00 pm
Gold still going up,like Schiff has been saying……
If GOLD was $20,000 an OZ these jibba jabbers would still dis agree with Schiff
December 26th, 2012 at 9:41 pm
Gold to DOW ratio will eventually be 1:1 — So, …. The dow will be 1300?
December 26th, 2012 at 10:32 pm
Why? They’ll make a bazillion dollars shorting it on the way down while they convert to SDRs or whatever the currency of the day is.
December 26th, 2012 at 11:30 pm
* 3:09