Peter Schiff: No ceiling for gold prices Video
Peter Schiff says gold is more than just another precious metal. According to the president of Euro Pacific Capital, gold is a thermometer for the economy. And with gold prices at a high of $1851 an ounce, the economy isn't getting any healthier.
"Gold going up every day is saying that the economy is sick. It's really, really sick," Schiff told RT. Yet, he added, world leaders are ignoring the surge in gold prices as if the increase wasn't telling them something.
As central banks continue to print money while currencies devalue day by day, Schiff said owning gold is a safe haven. Some say treasuries are a safe haven, but Schiff asks, "What is it a safe haven from?" Gold, he said, is an alternative to owning currencies like the US dollar, the euro and the yen, which he said are being created too quickly and in too much quantity.
"I keep hearing people on television saying people aren't buying gold because of inflation," saudSchiff. "Gold is a safe haven from inflation."
Schiff noted that many are still skeptical of buying into gold, citing widespread fear of a bubble ready to pop. He believes, however, that prices are only going to be higher. Schiff said he was right about this before and he is right about this now.
Schiff told RT that the only thing people have to worry about is the devalue of currencies, which continue to go down in value while gold only goes up. "It's not a bubble because gold is not going up," said Schiff. It's paper currency, according to him, that's just losing value. "Gold is simply letting you know that it's occurring."
"Most people would accept gold in exchange for goods," he said. "Gold is money; it's recognized around the world."
And according to Schiff, people need to realize it before it's too late.
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Peter Schiff may be ...
Peter Schiff may be right fundamentally,? but I can promise you that Gold futures will be manipulated if they get above 1900 or near 2000. The banksters are not gonna allow gold to get sky high.
Silver, gold? ...
Silver, gold? brass, lead.
So was I? correct
So was I? correct
Also I see ads on ...
Also I see ads on the internet and several people encouraging people to buy Gold now. These people who are promoting Gold and Silver have already made millions of dollars since they? bought in earlier. I dont know what to expect but this seems like a pattern.
Yeah but did you ...
Yeah but did you notice again the price of Gold did not go over $1600.00 this is? what happened when the price of Gold was trying to break $1800.
No it's still not ...
No it's still not at the level it was in 1980. And if you'd understand economics like Peter does, you'd know there is no ceiling for the gold price. Inflation will worsen and so people are going to buy more precious metals.
You will know there is a bubble when your colleagues at work recommend you to buy gold & silver. And when the people who are now saying? that it is a bubble, are actually buying because they think it will go up more. When gold becomes a hype, THEN you sell.
The past couple of ...
The past couple of months I have been watching Gold. I watched the price hover around the 1790-1795 range but the price never? managed to hit above 1800 then drop to 1750 and below. Today the price of Gold is hovering around the 1590-1595 (not above 1600.00) range this is too obvious of a pattern. Their is a ceiling it is slightly above 1900 then a significant drop in value.
Gold has got to be ...
Gold has got to be the worst investment I can think of. It doesn't earn any money from interest, dividends, or have many uses other than jewelry. It only? increases in value because of speculation. Gold has always been around $400 to $500 an ounce since I was a little kid. Now its around $1600/oz down from $1900/oz. That looks like a bubble to me. Don't let your political views cloud? your money management skills.
come on man i ...
come on man i bought bitcoin from your website and now you change it why is that baby.?
I just bought a few ...
I just bought a few ounces of gold the other day.?
u spelled toilet? ...
u spelled toilet? wrong
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Gold dipped... ...
Gold dipped... clearly because its higher than platinum and still way up from July. It will come back. Back in the early? 2000s we thought we hit the ceiling.... ill take 1650 over 400 per ozt any day.
she? is blonde.. ...
she? is blonde.. you have to understand ..
@100silverpizza ...
@100silverpizza Only thing on "high" is the printing presses? for the USD. Banks, governments and the asians will keep buying, you keep on living in fantasy land.
At 5:35, Peter ...
At 5:35, Peter Schiff says, Gold is Money, everything else is just a poor substitute.
And then the Lady said, But Bern Bernanke seems to? disagree.
Hallo, it was Bernanke who got us in this mess in the first place. Wat a Douche!
@eedobe, so you're ...
@eedobe, so you're saying that gold cannot be used as a currency? But wasn't the dollar backed by gold? pre-1970s???
Great video! ...
Great video! Vancouver gold buyers? agree gold price will continue to rise.
No ceiling in gold? ...
No ceiling in gold? hey Peter!! YOU IDIOT!
That interviewing ...
That interviewing woman is annoying. Is being annoying part of the job description or something? I don't know if Peter Schiff is right or not, but he makes some valid points. I have to agree with him for the most part. I just don't trust the govt. & figure they will find? a way to steal everything from us - gold included - despite our best efforts to preserve our savings.
i will take your ...
i will take your gold for a? loaf of bread but not your US f**kin tiolet paper!!!!!!!
Demand? and supply ...
Demand? and supply is an economic model of price determination in a market.
Silver and gold is a good long-term investment for those who can afford it, BUT it seems to me that continuous growth of the gold price is clearly due to artificial market manipulation intentionally created by rich and powerful. By escalating people's interest and their further desires, it is obvious why price is continue sky rocketing.
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as far as I know, ...
as far as I know,Gold hit 1910.00
of course that will go higher
Gold is money NOT something? else
u realize? that its ...
u realize? that its basically impossible for that to happen since many currencies are on the verge of collapse and will do nothing buy print money?
Ron Paul 2012!?
Ron Paul 2012!?
as long as? you ...
as long as? you want if you freeze it
you can't eat paper ...
you can't eat paper either ffs but your paper will be worth nothing and your gold will? be worth plenty
