Peter Schiff: U.S. Rally Is Doomed, Gold Will Hit $5000

Discussion in 'Economics' started by WallStWhizKid, Sep 24, 2009.

  1. Obviously its not possible for someone like you. You are the type of guy that if you try something and fail (which is probably quite often) you believe it can not be done. Your type are a dime a dozen and are always the wage slaves of the world that never get anywhere because you always give up when things get tough.
    #41     Sep 24, 2009
  2. Oh yeah...growing a 70k account to 160k is IMPOSSIBLE! He should just jump off a cliff right now. <snicker>
    #42     Sep 24, 2009
  3. the worst thing about schiff is not that he killed his clients; the collapse was brutal and everyone lost money. he did worse than almost everyone but still it was a brutal time. what makes this guy a special case is that he GOES AROUND TAKING CREDIT FOR CALLING THE COLLAPSE. how can someone call the collapse and then get crushed so badly? if he actually knew what was coming why would he not profit off of it? at least preserve wealth?
    #43     Sep 24, 2009
  4. Pekelo



    Schiff wanted to diversify in Asia and such, but he didn't count on the whole world going down together.

    Why he wouldn't just short the panic, beyond comprehension and it makes him a bigger idiot than those who stayed long and went down that way...
    #44     Sep 24, 2009
  5. Next stop Terre Haute Federal Correctional Institution right along next to Papi?

    #45     Sep 24, 2009
  6. Shorting is risky. You dont take risks like that with other peoples money.
    #46     Sep 24, 2009
  7. Daal


    Being long equities before a huge crisis is not risky?I guess Schiff is not familiar with the concept of correlation. Did he honestly thought that ES could be cut by 2/3 and all his asian junk would be ok?
    #47     Sep 24, 2009
  8. achilles28


    Anyone got Schiffs annualized returns since inception? Even monthly returns from inception?

    I'd like to see that.
    #48     Sep 24, 2009
  9. Peter Schiff appears on Fox News.


    And he wears a bow tie.

    Enough said.
    #49     Sep 24, 2009
  10. Pekelo


    Hell, trading is risky. Shorting in a bearmarket is LESS risky than going long... :)
    #50     Sep 24, 2009