Peter Schiff, Rick Rule, Marshall Auerback, and Cullen Roche debate gold
We all know that gold is a highly sought-after precious metal and obviously not just for ornamental purposes. The first use of gold as money occurred around 700 BC when Lydian merchants produced the first gold coins.
In fact, gold has always had value to humans, even before it was money – this is clear when you look at the extraordinary efforts that man has gone to obtain it. That’s why we decided to make an extraordinary effort of our own to better understand it.
What!? RT!? I thought RT was considered treason.
Well, not quite yet maybe.
Don’t worry day are ! The same BANKERS BASTERS in CONTROL !
Don’t let the BASTERS drag you down franky!!!
Bb, yes ft has gone downhill since Lauren left.
AUERBACK……….only has 20 yrs. experience in GOLD MARKET…….New ECONOMIC THINKING? The guy needs a history lesson.
TRICKY DICK…..Nixon……..who believes anything that guy had to say.
WARREN B……….IS TALKING HIS BOOK……..
As no surprise the commodities bull ended years ago. The engine of growth was China and that’s over. They will be lucky if they don’t have a hard landing.
Its over in a big way. Crooks has it right. 9am on the 4th……
http://www.cknw.com/audio-vault/
Money is pouring into the US…and China has increased it US treasury reserve’s by 2000% Bob M is an absolute HACK. Find some REAL analysis from unbiased professionals with no agenda…
I talked to my father and sister back to China a couple of weeks ago to get their take on Chinese economy. According to them, there is no sign of problems in China (at least not yet). They feel thing is as usual. They have to come at 11:00AM to have a seat for a good restaurant to celebrate my mom’s birthday. My father does not like CCP and hope there are problems for the government. My sister is business lady and operating a day care chain. She would sense economic problem if it happens. Mr. Cook has been fairly hostile to China and advocate sanctioning China. He has been bearish on China from day 1. I never heard one good word about China from him.
I have not seen any comments on the INCREASE IN TREASURYs by China………2000%, seem high. Where could I go to see this increased amount…..IF , that was so, why, has the FED. stepped in..(QE)……..? I would agree that the CHINESE have stepped in to purchase REAL ESTATE,………trying to get rid of the DOLLAR………Hoping you can share some of your resourse material……………thanks
I don’t know where to find it longer term but you can look at the foreign treasury holdings here:
http://www.treasury.gov/ticdata/Publish/mfh.txt
Belgium is a curious case. It is a banking center and is doing trading for other countries so it is hard sometimes to find out what is really happening behind the scenes.
THANKS………….looks like they are HOLDERS….BUT, I DO NOT SEE ANY INCREASE, AND NOTHING SAYS ……2000%
Hey Schiff man. Ive never bought a dam thing with a piece of silver or gold in 49 YEARS…
Bill I agree with your first remarks, but a jerry points out the Kennedy half had 40% silver until 1970.
Personally I have been using silver and gold to buy classic motorcycles. I originally wanted to buy real estate with PMS but the price of real estate skyrocketed while the PMS plummeted.
thanks Bobby………how ya doing………..appreciate you being here……j
Good Jerry! Hard to hang in there, but doing it.
Silver coins were in circulation in 1965…..and that was 49 years ago………just saying…
Sure….They weren’t recognized by the average Joe that they had silver in them…Its just a metal…..No one cared until a momentum bubble was created back then. Then people took notice.
The latest bubble popped 2011 and I dumped 3000 oz physical at $49..Thank God..
Congratulations, exact top.
Several years ago I had guys tell me that they unloaded gold and silver during the 80s top. All I can says is BS! Just who did you sell those 3000 Oz’s to?
good one Bobby……………
JM Coin Broadway. They know me by name. Hemit or Joe there at the desk…I think Joe retired….
Joe had to retire, for paying to much……….he was a DA, and should have know better,……..Just kidding……………
know to known……..sorry….it is late and I just finished one of those expensive bottles of wine Al sent me for being a part of the family business……………….
PS I actually traded it for Some Gold then later dumped all of that.
I don’t own an ounce. Oh maybe a couple 150 Silver dollars.
To bad I took some hits on some stocks…I should have ran for the hills on all of it and never looked back….
I wish I had sold half my holdings, the other half would be showing huge profits. Hindsight is 20-20.
Always Bobby Always!
It Hurts eh Bobby!? They are all happy to sell you PMs but they wont tell you when to sell..While I’m here to say there will be no collapse. Only in resources where the majority has occurred..I have real quality research that predicted all the steps.
Your wasting you time with 321Gold ect. Good luck….
Thanks for the link. As usual, great job Rick and Peter. The lack of vigilance on the opposite side is concerning. I would be changing my opinion if I know the value of (any) market is controlled by government and these people seem to have full trust on the government. The success of the western economy is the result of free market capitalism. Now people are allowing or even welcoming the government to undo these successes. They also seem to be quite confused about gold, money and investment. Thinking about that I lose a few percentages a year on my hard earned wealth is quite disturbing to me.