Peter Schiff Takes On Credit Suisse Gold Bear

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Widely followed investment broker and gold bull Peter Schiff challenges gold bear Tom Kendall of Credit Suisse on CNBC.com’s Future’s Now. (2/21/13) Listen to the Peter Schiff Show Weekdays 10am to noon ET on www.SchiffRadio.com Buy my newest book at http Friend me on www.Facebook.com Follow me on http

Comments

KiTTeN ChaoSS says:

A sinking ship, or a drowning man may bob up and down before the end. It’s pathetic when the media says things are looking better when things bob up as they are sinking.

Pdrum2 says:

Peter Schiff is thinking “marginal improvement? Where?”

Jonathan Zimninski says:

Tom Kendall was definitely either paid or was just simply born as stupid as he sounds.

TheSilverguy79 says:

Who is this Tom Kendall is he Rothchilds golfing buddy or something either that or this guy is a dumbed down Prozac head nutjob saying there is no inflation thats like saying the Easter bunny is the current US president and Jon Corzin is suitable for the job to replace the outgoing pope.

pauljosse says:

schiff is gonna say “told you so” soon

1977Melville says:

The female hosts lately on CNBS look like Erin Burnett clones.

Sami Hanish says:

lol you got it! I actually own alot of silver I just love getting people all rowled up

TeMpTeK1 says:

Funny how they always have Schiff on when Gold is Down…


Don Jusko says:

QE? we are bankrupt and they are printing more fiat money driving our consumer prices up higher every day. Get rid of the Fed. Central Banks kill the free market. Get back to the gold standard, we need tangible money. Anyone that can’t see that has gov’t blinders on.

perijezus says:

Actually I’ve watched the video. My previous response was quite correct, but he didn’t say “kiwi”. He said “QE” – Quantitative Easing. Sorry for spaming the comment section.

perijezus says:

“Kiwi” stands for New Zealand Dollar. It’s like a nickname. Another example is Canadian Dollar – they call it “the loonie”.

MajorRugburn says:

no inflation?! try living in the REAL world A-HOLE.

indebtedtotheking says:

America has devalued its dollar so much that their industrial products became competitive on the world markets and that is what will get the growth going. The housing sector will eventually join either.

Mick Mouse says:

Gee, I’m sure COMEX delivery ex-date next Monday & Tuesday for silver and gold have nothing to do with the QE-Ending Fedspeak. I wish Schiff would mention this blatant manipulation every once in awhile. He knows about it but might NOT be asked back if he talks about it. Almost every day lately, they force G&S down pre-market.

IrradiateTheNWO says:

the apple of commodities what a fucking moron

dedalus1983 says:

Kendall = banking slave

hihihitaytaytay says:

First, I did not say short term. Second, of course correct economic analysis is enough but short term is a harder call.

vettefever67 says:

Absolutely. I bought more when I saw that it dropped a few percentage points. I may even go to physical not just GLD.

bleckmon says:

Economic analysis is not enough to now short term what Gold will do at least in the next 6 months or so because of the monetary system we have. Also many believe the price is being manipulated.

Yury P says:

no inflation? it makes me wanna punch you in you dirty mouth you stupid Muppet.

hihihitaytaytay says:

What do you mean “who knows”? This is not random guesswork. Economic analysis allows you to determine whether gold is bullish or not. There is no “hoping” or “gambling” involved.

theredscourge says:

I remember in 2009 I was being barraged with special deals in the mail from financial firms wanting me to borrow some money from them.

“Hey man, you wanna do a line of credit? It’ll make you feel good monetarily!”

Donald Libby says:

yohance brown, I’m with grwizy on this one, what’s the point in listening to these shrills for the status quo drone on about “we’re in a recovery”, “there’s no inflation”, “gold is in a bubble” and other regurgitated Kool-Aid, unless they have some valid point or argument, I would rather they kept their comments short so we could hear the commonsense of Peter.

Chad M says:

“Following the crisis, Credit Suisse cut more than one-trillion in assets and made plans to cut its investment banking arm 37 percent by 2014.”

I wonder why Kendall wants to paint the picture that the economy is improving… Hmmm…

Jason42ist says:

Only 4 years ago you could buy gold for what – $200 an ounce. It shot up to $2,200 in just four years time, and now it’s down a little bit to about $1,900. But who has that kind of money to buy at $1,900 and then simply hope it goes up more? Rich people can do that, but it’s a big gamble considering how much it went up quickly and how it peaked and went down a bit lately. No one knows how high the price of gold will go. You could buy in at $1,900 and it goes down. Who knows?

Chad M says:

Only as dumb as almost every professor, analyst, expert… in other words: extremely fucking dumb.

Chad M says:

You’re saying the Indians weren’t savages?

Chad M says:

I’ll go with both.

blythebaby777 says:

nice try!

grwizy says:

I agree but cutting bullshit is mandatory ;)

hoa gu says:

it’s too long I don’t have time to watch it all, just tell me Peter Schiff when USA and US dollar gonna collapse and what we should do about to survive as whole country, To me the most simple easy and fast way to solve our US gigantic troubles are just let over 100 millions oriental immigrants to live in US. They gonna boast house price up, creating tons jobs, wealth, tax, inventions, exciting culture, food, sex, arts, festivals, cut down debts, inflation to nothing, and feed the poors n olds.

shocker315 says:

Clips from this vid will make the “Peter Schiff was Right part 2″ highlights in the coming years when the next crisis surprises all these so called “experts” who never saw it coming.

yohance brown says:

Great debate. Peter does need to refrain from cutting of people while they are talking though. Besides that good stuff as usual Peter.

TheBuffaloSamurai says:

i had my political science teacher tell me the same thing last week he should get fired for lying to his students

tyrone jones says:

He more or less agreed with Peter on how it all ends.

erkme73 says:

my baby boy is due to be born mid-April. No doubt, that’s when the collapse will happen. It’ll be my fault.

ricya1982 says:

Meh… Doesn’t bother me. Look what Whites been doing for hundreds of years. This is just a backlash of what Whites been doing to other countries for centuries. Nearly wiped off the natives. Enslaved the other ethnic groups and so on. And what did Whites say when the non-Whites spoke out against them? “You filthy savages.” So, good on them. Deal with it like the rest of the world has dealt with it.

lav1daloca says:

How dumb is this Tom Kendall! damn!

fountaincap says:

The problem is they’ll always hit you with, “Oh, food and energy prices are volatile, so we should ignore those.”

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