Peter Schiff: U.S. Rally Is Doomed, Gold Will Hit $5000

[peilthetraveler]

Quote from fullblotter:


when you lose 70% of your wealth there is no "long term" it is a first round KO. You cannot recover from that. Period.

Obviously its not possible for someone like you. You are the type of guy that if you try something and fail (which is probably quite often) you believe it can not be done. Your type are a dime a dozen and are always the wage slaves of the world that never get anywhere because you always give up when things get tough.

 

[peilthetraveler]

Quote from fullblotter:

I'm very lucky that I never opened one. I was going to but I started getting red tape about being a Canadian so I didn't pursue it. I have many friends, however, who invested with him for many years. Let me explode the biggest myth about Schiff: that his long term clients did well and it was only his new clients who suffered. One friend was with him for at least five years and saw his initial 100k grow to 160k in the bubble years. In a few short months last fall his account was decimated and he was left with a total of around 40k. The account has bounced to around 70ksh but there is simply no chance in hell it will ever recover what was lost.

Below is a good article that really exposes fraud schiff:

http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html

Oh yeah...growing a 70k account to 160k is IMPOSSIBLE! He should just jump off a cliff right now. <snicker>

 

[fullblotter]

Quote from peilthetraveler:

Oh yeah...growing a 70k account to 160k is IMPOSSIBLE! He should just jump off a cliff right now. <snicker>

the worst thing about schiff is not that he killed his clients; the collapse was brutal and everyone lost money. he did worse than almost everyone but still it was a brutal time. what makes this guy a special case is that he GOES AROUND TAKING CREDIT FOR CALLING THE COLLAPSE. how can someone call the collapse and then get crushed so badly? if he actually knew what was coming why would he not profit off of it? at least preserve wealth?

 

[Pekelo]

Quote from fullblotter:

the worst thing about schiff is not that he killed his clients; the collapse was brutal and everyone lost money. he did worse than almost everyone but still it was a brutal time. what makes this guy a special case is that he GOES AROUND TAKING CREDIT FOR CALLING THE COLLAPSE. how can someone call the collapse and then get crushed so badly? if he actually knew what was coming why would he not profit off of it? at least preserve wealth?

+1

Schiff wanted to diversify in Asia and such, but he didn't count on the whole world going down together.

Why he wouldn't just short the panic, beyond comprehension and it makes him a bigger idiot than those who stayed long and went down that way...

 

[Dr. Zhivodka]

Next stop Terre Haute Federal Correctional Institution right along next to Papi?

Quote from Pekelo:

+1

Schiff wanted to diversify in Asia and such, but he didn't count on the whole world going down together.

Why he wouldn't just short the panic, beyond comprehension and it makes him a bigger idiot than those who stayed long and went down that way...

 

[peilthetraveler]

Quote from Pekelo:

+1

Schiff wanted to diversify in Asia and such, but he didn't count on the whole world going down together.

Why he wouldn't just short the panic, beyond comprehension and it makes him a bigger idiot than those who stayed long and went down that way...

Shorting is risky. You dont take risks like that with other peoples money.

 

[Daal]

Quote from peilthetraveler:

Shorting is risky. You dont take risks like that with other peoples money.

Being long equities before a huge crisis is not risky?I guess Schiff is not familiar with the concept of correlation. Did he honestly thought that ES could be cut by 2/3 and all his asian junk would be ok?

 

[achilles28]

Quote from fullblotter:

do you have an accout with schiff? if you don't then shut up faggot. invariably schiff's biggest supporters have NEVER INVESTED with him. if they did they would not be supporters of this clueless monkey. his most conservative "capital preservation" portfolio was down at least 70% with at least half a dozen companies going bankrupt.

when you lose 70% of your wealth there is no "long term" it is a first round KO. You cannot recover from that. Period.

schiff's stocks are bouncing the same way the rest of the market is bouncing. it's called a bear market rally. unfortunately his stocks will have to go up 400% JUST TO BREAK EVEN. what is worse is once this bear market rally fizzles his portfolio will once again be leading the way in getting totally WIPED OUT.

Coming soon: "Schiff Brutally Raped: The Sequel"

Anyone got Schiffs annualized returns since inception? Even monthly returns from inception?

I'd like to see that.

 

[The Bishop]

Peter Schiff appears on Fox News.

Alot.

And he wears a bow tie.

Enough said.

 

[Pekelo]

Quote from peilthetraveler:

Shorting is risky. You dont take risks like that with other peoples money.

Hell, trading is risky. Shorting in a bearmarket is LESS risky than going long...