Sunday, November 30, 2008

Schiff TV - Update #1 - $2,000 dollar gold oz, next year

AngloAustrian hero, Peter Schiff, stands in a bear pit and defends his reasoning as to the why the dollar has had a temporary rally, but why it is ultimately going to collapse. (This video is also excellent because it demonstrates how Schiff - perhaps along with Ron Paul and Jim Rogers - was the only major American financial commentator predicting this recession BEFORE it happened).


Look out for his very last line where he predicts that gold will hit $2,000 dollars an ounce, sometime next year (2009).

AngloAustrian prediction: He will be right.

And if you think this video is good, just try all of the rest, here:

=> Peter Schiff YouTube Videos

UPDATE: And for Schiff articles, try:

=> Peter Schiff - FSU Editorial Archives


not an economist said...

If people surf YouTube looking for videos with Schiff in they can see some amazing arguments between him and other economists/commentators in the CNN/Fox News Syudios where they basically laugh at him for forecasting a major downturn in the US economy. These go back 2 or 3 years. Its scary he has been so accurate as it suggests there are some extremely tough times ahead.

Whether these people have offered public apologies to him yet I don't know. They should.

This is a link to an archive of articles by the guy which I think come right up to date.

Jack Maturin said...

Nice one, 'not an economist'! :-)

I've updated the main article appropriately.