Gold Prices Silver Prices Down – So What, Buy More: Peter Schiff
In this video Greg Hunter interviews Peter Schiff, CEO of Euro Pacific Precious Metals. Gold Prices Silver Prices are down Greg asks Peter what he thinks. Peter thinks talk from the Fed of stopping the billion a month money printing (QE) is preposterous. Schiff says, “They can’t do it. . . . The minute they try to take the cheap money away, the phony economy is going to crumble.” What will maintain value and is not going to crumble is the value of gold and value of silver. The precious metals are down and many precious metals investors have lost faith and are as depressed as the precious metals prices. But Schiff says, “So what, buy more. Look at the sell off as an opportunity to unload more of your fiat currency and get some real money.”
The problems in the financial systems that the various QE money printing programs did not solve any problems they just delayed the eventual collapse. By delaying a solution it has just made the eventual crash that much more severe.
Peter Schiff: Get Real Money, Gold and Silver – as the Fed Will Not Stop Printing Money
18 thoughts on “Gold Prices Silver Prices Down – So What, Buy More: Peter Schiff”
I think Peter Schiff is a con man trying to profit in his own business.
Oct 31 2014: Silver is at 4 year low. $15.93. How much lower will silver
go before it bottoms out? I have 1840 American Silver Eagles at an average
cost of $21.77. Thank God I should not have a need to sell for a long
time. But wow! Metals are tanking. Even Platinum hit a low at $1236.32. No
problem there, I picked up a tube of 20 at $1313 each surcharge included.
Bloomberg says metals have more downside in this current market with the US
dollar and the Japanese Yen so strong.
Silver at $10 each soon? Gold at $800? That is the talk. Economy is
running like a well oiled machine as long as the other nations economies
hold up thus aiding our export markets. A lot of jobs in the US depend on
the rest of the world doing well.
Schiff looks unconvinced by what he himself says
The Day of the Lord – Zephaniah 1:17-18
…17I will bring distress on men So that they will walk like the blind,
Because they have sinned against the LORD; And their blood will be poured
out like dust And their flesh like dung. 18Neither their silver nor their
gold Will be able to deliver them On the day of the LORD’S wrath; And all
the earth will be devoured In the fire of His jealousy, For He will make a
complete end, Indeed a terrifying one, Of all the inhabitants of the
“Come to ME, all you who are weary and heavy laden, and I WILL GIVE YOU
REST,” said Jesus. Why are people letting fear drive them to buy precious
metals that God says won’t help them at all? Your fear should drive you
into the arms of a loving God who sent His only Son to die for you!!
Also buy an inventory of good mechanical can openers (ie: not electric)
There will be lots of people with food in cans. Cigarettes may not be a
good investment because there are fewer people who smoke.
Most people don’t own gold or silver except for a little jewelry and maybe
some silverware. When the SHTF people aren’t going to use gold and silver
as money because most people won’t have any. Invest in booze and
cigarettes, the real money.
NAH! Just print it up like paper.What could possibly go wrong?
Exactly! As long as the Federal Government keeps spending way beyond their
means & racking up huge budget deficits, the smartest thing to do is get
rid of any surplus Federal Reserve Notes (FRNs) & buy real money (gold &
silver). In 10 years, the gold & silver should still buy the same amount of
goods as it can today, but there is no guarantee (in fact the opposite is
likely) that the FRNs will buy the same amount of goods. Bottom line: get
out of paper money & into gold/silver.
martin van buren!!!
Great Video – good interviews, thank you for the work you do!
The world population is increasing. The world is getting smaller. The
precious metals are start to rare. Paper money isn’t gurantee. So, if
you’ve million of money in the bank what’ll you do? Banks are paying very
low interest & inflation is higher & higher, so, what’ll you do with your
paper money for your future?
Yeah, except for the collapse he’s been falsely predicting year after year.
If he keep claiming it every year, he’s bound to get on right, just law of
averages, but that doesn’t mean he’s some clairvoyant. Gold and Silver are
now at $1200’s and $10’s for silver. You’d have made a better investment by
putting your money on google stock than gold and silver.
I was wonder why he takes worthless paper money and gives you gold ounces?
If gold is going through the roof why get rid of it? Not saying it won’t
happen just wondering why he is doing the opposite of what he says.
There is something in human nature that seems to incline folks towards
falling for certain types of scams. It seems to be related to the fact that
people also tend to believe conspiracy theories even after someone has
shown point by point that the idea is nonsense. No-one (not even you or I)
is completely free from this effect. You have spotted this one and did the
right thing of warning folks off but don’t be surprised when the conned
defend the con.
Peter schiff! Awesome.
NICE VIDEO We are a proud member of the BBB and we have got an A+ rating;
the best and highest rating that any company can obtain from the BBB. With
a 5 star out of 5 star customer service review, our company has earned a
preferred membership status with the BBB and TrustLink. We specialize in
gold ira, gold coins like the American Gold Eagle, Silver American Eagle,
Silver Canadian Maple Leaf, Silver Peace Dollar, British Sovereign Gold
Coins and so on
Peter is an interesting political commentator. But, absolutely horrible for
trading recommendations. He better not be “eating his own cooking”. – Does
any of his firm’s clients have any money left at all? They certainly would
have more than plenty of opportunity to lose it all if they listen to
Peter’s trading advise.