View Full Version : Peter Schiff on the metals rise

3rd September 2009, 20:54

3rd September 2009, 21:27
I heard about the Chinese encouraged to buy silver a few days ago and this morning on CNBC so dude said the price of gold was going up because of the amount of weddings in India. Those losers will say anything to keep from saying INFLATION! At the gig today one of my coworkers was talking about deflation. I asked him where and he said "They said". I asked who were they and he admitted it was those same brainless fools on CNBC "FastMoney".

Truthfully though, I thinking the recent rise in gold and silver will not last. This past June silver had a run up to 16 an oz but pulled back sharply. To that end I'm going to buy the ETF "ZSL" which is 2x short silver.

BTW, there'll be a second wave of foreclosures coming soon. Check out http://www.youtube.com/watch?v=5IeixTAzhjE

3rd September 2009, 21:28
Oops. Repost. Don't taze me.

3rd September 2009, 23:19
Wowzzer---listening To Peter S. Make Me Feel Good All Over !!

As I Have Bragged B4, I Bought Back In 2002-- Below $5.00, This May Not Be The Quickening -- But Lately I Have Been Getting A Feeling That
Something Wonderful Is Going To Happen In The Silver Market.