Thursday, March 12, 2009

Peter Schiff on Fox Business



March 12, 2009

investments, stock, bonds, gold, silver, commodities, jim rogers, marc faber, peter schiff, ron paul, banking crisis, economic meltdown

4 comments:

  1. Good stuff as always. Only the thing that he said about that the dollar will "collapse" this year is a bit too much. I still suspect a big market rally. And I am not the only one, marc faber and jim rogers also mentioned it that you can't create all this new money and expect nothing to happen.

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  2. Something will happen. Printed unbacked fiat money created at these levels will create INFLATION on an unprecedented scale. Gallon of milk-$15, loaf of bread $10.00, and that could be the good week.

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  3. In regards to collapse of the dollar... Collapse is in the eye of the beholder. Marc Faber, for instance, recently concurred with the idea that a substantial rally may be coming from now through the end of April/Beginning of May. But, he specifically noted that this would happen as a result of a dollar plunge. As the dollar goes down, money will move from cash into equities, which will be the catalyst for a near-term market rally.

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  4. Macslavo good point about marc faber. Didn't knew he said that a big market rally would go together with a dollar plunge.

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