Comments on: Mark Matson Lectures Peter Schiff & David Asman On Why Gold Is A Lousy Investment

By: AntiSchiff

AntiSchiff — Wed, 28 Sep 2011 22:55:12 +0000

Notice how the very chart this idiot Asman presents in the beginning shows little relationship between gold prices and the dollar. lmao

And what the Hell is Peter talking about when he mentions “spending gold”? Who the Hell is spending gold? lol

Then, the bitch at the end mentions Obamacare, which is projected to cost only about 7 tenths of GDP/year and maybe less if some of the untested cost savings work, as if it can come close to accounting for trillions in lost output.

By: 707hoser

707hoser — Wed, 28 Sep 2011 22:03:31 +0000

Peter, we’re still waiting for the hyperinflation you predicted for 2010. Oops.

By: wetyewruyrtsutrdhjfg

wetyewruyrtsutrdhjfg — Wed, 28 Sep 2011 21:15:59 +0000

And when you could formerly buy bread for $1 US, now you’ll have to spend $100 US for the same amount of bread.

Which means you COULD sell gold by then and get loads of dollars, but they won’t be worth much.

Or you could invest in gold. Buy low, sell high when the time is right. But that’s like investing in stocks (which in general rise in perceived value more rapidly than gold).

Maybe I’m totally wrong about my understanding and I need to shut up.