Nov 24, 2008

Peter Schiff

This guy's good. I think I'm investing my entire 401K in gold.


Dinosaur Trader said...

What's great is the way that CNBC didn't show the way the other guests consistently mocked the guy back then...


OONR7 said...

I know, but that whole douche panel still spoke to this guy like he was a nutcase. Especially regarding the value of the dollar. "Yeah, I've been long the dollar for a long time." I will think of that when it crashes again.
What rings so true from Peter's statement is that we became a nation of consumption and when we're not consuming as much (now) than what are we really contributing to the global economy?