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1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 07/30/2009 : 19:45:11
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I saw Peter Schiff on tonight's CNBC's Fast Money show tonight. Basically, he was introduced and praised for his call of predicting a collapse of the U.S. financial system. He said that he was long the market currently. One point he made was the market would probably go up, but with the dollar going down, you really wouldn't improve your wealth. He indicated the a dramatic rise in gold would be a reflection of government economic policy that he feels is worse than he originally thought. I really don't think he was taken seriously by the panel.
Peter Schiff seems to be still on the fence regarding his decision to run for Chris Dodd's seat.
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 07/31/2009 : 18:04:03
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I moved about 15% of my 401k funds to into his fund late last year. It's up 22% year-to-date. Also moved similar amounts into Oppenheimer and T Rowe price funds with similar strategies, they are not far behind, being up (roughly) 20%, and 19% respectively.
(I stopped contributing altogethere Jan 1, 08. So it's just the funds that were already there).
I like Pete! 
Oh yeah, I hope he runs and mops the floor with that old thief Dodd.
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Edited by - Delawhere Jack on 07/31/2009 18:05:24 |
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Peter Schiff - Fast Money CNBC Appearance
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