Nov 24, 2008

Peter Schiff

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



2 comments:

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...

-DT

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?