Peter Schiff: The Future of Gold (Video)

Peter Schiff recently spoke with Stefan Molyneux, host of Freedomain Radio, about the truth behind the gold market correction. Their wide-ranging discussion is an excellent introduction to how the economy reached the quagmire it is in now and how a healthy economy functions. Peter also gives advice on how to avoid and prepare for the real crash that is yet to come.

“Really what’s happened, there’s been a crash in confidence. There’s been a crash in investor expectations when it comes to the price of gold. There actually hasn’t been a crash in the price. I think the sentiment is wrong, that the public is wrong, that the professional investors are wrong. Remember – the guys that are ultra bearish on gold right now are the same guys that were extremely bullish when it was at the highs at 1900. The consensus doesn’t have a very good track record when it comes to gold.”

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4 Responses to Peter Schiff: The Future of Gold (Video)

  1. Jon Jensen says:

    I think Schiff is a little confused.He’s calling fiat currency,money.It isn’t money.Gold is money.Fiat Dollars are currency,not money.

  2. anna says:

    Harry Dent says gold could fall to $750 an ounce–what’s your take on that?

  3. Michael S says:

    Peter, an RV isn’t camping. If you need a name for what you’ll be doing, its called “glamping.”

    Thanks for all your insight.

  4. James says:

    Great show. Peter I agree they are blowing air into a deflating bubble..this is similar to our positions in 2005 and we saw what happened in 2008…but this could be worse. I am curious what your thoughts are on gold bullion and the new crypto currencies? How does all of this parallel to the digital economy?