Peter Schiff issues a Red Alert: "Get out of the US dollar"

Discussion in 'Economics' started by Debaser82, Oct 24, 2009.

  1. More red than his previous 1000 alerts?

    If the dollar will collapse with absolute certainty, why bother buying gold? Why not short the dollar outright? Or buy long-dated, far out of the money put options. The payoff will likely be much much bigger.
  2. harkm


    That clip is more than 6 months old.
  3. I noticed. At the end he was referring to the 10y yield being at 2.4%, that must have been in January.
  4. the1


    The dollar has been trending down for a long time. It's ready to reverse. It's time to buy dollars and short equities.