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Thread: Peter Schiff explains how to *exit* a gold boom

  1. #1

    Peter Schiff explains how to *exit* a gold boom

    Dr. Doom was in New Hampshire for the more-or-less annual Liberty Forum. I question some of his projections in an interview but also get his advice on how to get OUT of gold when its prices near peak.

    http://www.youtube.com/watch?v=gkzwaOuprDA
    Want freedom? Move to NH: http://FreeStateProject.org
    Want NH independence? http://NHexit.us



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  3. #2
    Exit gold? Nah…I'm holding on to mine, but I'm not into making a profit.
    Last edited by ronpaulfollower999; 03-02-2012 at 04:15 PM.
    Rand Paul 2016

  4. #3
    There will be a time when it will be foolish to retain it (when gold tops, property/land bottom, for example).

    That time WILL NOT come until a new currency is issued.

    Denominated in USD, CAD, EURO in their current forms - there's no point selling PHYSICAL gold/silver. No amount of our modern currencies will convince me to sell it unless systemic debt write downs (INCLUDING HOME OWNER MORTGAGES) occur. Since that won't happen. Don't sell until new currencies emerge.

    Quote Originally Posted by ronpaulfollower999 View Post
    Exit gold? Nah…I'm holding on to mine, but I'm not into making a profit.

  5. #4
    I am buying lots of beach rental properties. At least that is the plan.
    What I say is for entertainment purposes only!

    Mark 10:45 The Son of Man did not come to be served, but to serve, and to give His life as a ransom for many.

    "If you want to make a lot of money, resist diversification." - Jim Rogers

  6. #5
    Maybe I am wrong but to me Peter looks like he is working on a pretty good buzz.

  7. #6
    I believe your right. hiccup

    Quote Originally Posted by Schifference View Post
    Maybe I am wrong but to me Peter looks like he is working on a pretty good buzz.

  8. #7
    Quote Originally Posted by The Goat View Post
    I believe your right. hiccup
    Had to have been mixed drinks. That heartburn will be awful in the morning.

  9. #8
    Denominated in USD, CAD, EURO in their current forms - there's no point selling PHYSICAL gold/silver. No amount of our modern currencies will convince me to sell it unless systemic debt write downs (INCLUDING HOME OWNER MORTGAGES) occur. Since that won't happen. Don't sell until new currencies emerge.
    Or competent Fed leadership. Volcker was able to control inflation and destroy the price of gold just by acting intelligently.



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  11. #9
    Quote Originally Posted by Blueskies View Post
    Or competent Fed leadership. Volcker was able to control inflation and destroy the price of gold just by acting intelligently.
    We could afford high rates back then. Bernake knows if he was to raise rates he would send us into a 1903s style depression and the US gov would default. We have thoroughly destroyed our savings.
    What I say is for entertainment purposes only!

    Mark 10:45 The Son of Man did not come to be served, but to serve, and to give His life as a ransom for many.

    "If you want to make a lot of money, resist diversification." - Jim Rogers



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