Peter Schiff: Brace For Impact!
“In the past, when you could get 6 or 7 percent interest on a CD, and inflation was 2 or 3 percent, you were still ahead of the game. But now you get a half a percent on your CD and inflation is 2, 3, 4, 5, whatever it actually is – you’re losing. You can’t win. And so as more people wake up to this reality, the demand for gold is just going to explode worldwide. And the price of gold is going to go through the roof.” – Peter Schiff,
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Whistler Blowers, Insiders
If you’re an American then it’s better to put all your savings and money in the bank.
Sell your gold and silver and cash in and put it in the bank.
Hey Chess,
Did you go to Fool School?
Look, I have run the numbers many times.
It’s way better to put all your money in the bank.
Don’t hold cash. Don’t buy gold or silver. Sell what you have right now and cash in because gold and silver will never ever rise further.
If you are a true American then you really need to put every cent in the bank.
Let the bank hold it.
oh GOD you are so F—-Up
It’s true my friend. Put all your money in the bank. It’s completely safe and you get interest as well.
You Americans are do damn stupid buying gold and silver.
Maybe we should also be worrying about what’s going on bewtween our government and the aliens!
This scientist visited various UFO crash sites, and the notes and drawings were allegedly made from those visits and was released before he disappeared.
http://www.blue-planet-project.com/
I believe I will invest in lots of canned (organic) foods, dried beans, rice and water instead. Why would anyone want gold? I have never understood the fascination of this metal in times of crisis. I believe food will be worth more than gold, silver or fiat currency when all hell breaks loose.
I am exhausted from all the hype of metals folks. Eat it. Oh, you can’t? Have fun getting rid of it. It’s heavy and no one will want it when purchasing anything is no longer an option. It will be a gun to your head and hand it over to all the consumable items you may have stored up.
Yes, I have been saying this for a long time. It will be survival of the nastiest. Your food, your car or bike, your weapons… can you fight to protect them? Gold and silver will reign in a price reset, but if chaos escalates, carrying any kind of gold, silver, diamonds, etc. will be dangerous. Will you want to stand in line for hours with a pocket full of silver coins?
There is no question food, weapons, etc. are important but it depends on how bad things get and the position you are in. If you are in mid-life with not a lot of savings the food, weapons, etc. should be first.
But if you are a retiree with a fair amount of savings what do you do after the above mentioned? If things get bad with the dollar like everybody is predicting metals is an option. The stock market is a ruse and is anybody’s guess, interest rates HAVE to stay low or the SHTF quickly to service the debt. With this in mind metals should be considered. This is where Schiff and the rest are coming from.
I don’t understand why people can’t figure out what “store of value” means. You got $100,000 life savings in dollars??? put it in Gold… after the chaos is finished and the majority die off… there will be a new currency, and it will be gold backed. You’ll have a head start, and have preserved your savings. But by all means, survival first. Food, necessities, protection first.
Sell your gold and silver and put the cash in the bank where it’s all safe and you get interest as well.
I’m with Chess: Putin 6-0 Obama — put your money in the bank. And while you’re at it…
– Enroll your kids in public schools. Make sure they get all of their shots.
– Get your news from CNN, where they tell the truth.
– Vote Democrat or Republican, they’re the two parties that truly have your best interests at heart.
And never, EVER filter the fluoride out of your tap water. It’s good for your teeth!
poor Peter, bracing for impact ? Grab the table and bend over.
I am invested heavily in food, water, ammo, gold and silver……….