Peter Schiff to appear on the Daily Show:Warning some sheep may wakeup

[syswizard]

Quote from Optional:

Peter's extremely prescient call about the real estate market has saved many a people. The people who didn't hear him out or listen to him about home valuations got royally dicked (in the bubble states).
Peter's analysis is correct and will continue to prove correct for many years to come. I think he's an inspirational orator and a presicent long-term market timer. Some people just hate to give credit where it's due.

I absolutely agree. Schiff made a great call 2 years ago.
This market is going much lower. Actually, I see NO SUPPORT whatsoever....just total panic.

 

[sprstpd]

Quote from Hoppean:

I think what he's saying is that, while both forms of money may be fungible today, they may not be in the future. A good historical example would be America in 1929, at the time gold and federal reserve notes were fungible. However when the crisis hit, people demanded that their Fed notes be redeemed in gold coin, when this could not happen because of the nature of the banking system, the result was massive bank failures and a loss of purchasing power for Fed notes relative to gold coin.

In the example scenario you presented, you are talking about fungibility with gold, which is a limited resource. Paper money is not a limited resource, nor is electronic credit. I still do not see how paper money could ever be deemed more "real" than a purely electronic balance in my bank account. They are one and the same.

 

[makloda]

Quote from Cutten:Wrong, Faber has a track record and manages money.

Oh yea? What funds does he manage? What are his returns YTD?

"In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager."

"He is also associated with a variety of funds [...]"

The typical biographic lingo for somebody that primarily earns his money giving speeches and selling newsletters rather than trading.

 

[Debaser82]

Quote from makloda:

Oh yea? What funds does he manage? What are his returns YTD?

"In June 1990, he set up his own business, MARC FABER LIMITED which acts as an investment advisor and fund manager."

"He is also associated with a variety of funds [...]"

The typical biographic lingo for somebody that primarily earns his money giving speeches and selling newsletters rather than trading.

Makloda, how long can one gain respect based on the effective and publicly known trading performances?

Are you as good as your last trade or do you gain some status that can stand the test of time?

Didnt Jim Rogers made 7000% when he teamed up with Soros?

But no that's irrelevant these days and now Jimmy is a clown cause he was bearish on the $!

Jeez, how could he have missed that.

And besides, it was mostly Soros that earned all the money.

The same Soros that bought more then $800 million worth of Petrobas stock when oil was at $120.

So I guess he is not worthy of his guru status as well.

Tough job these guys have.