Do any of you follow this guy? He predicated this economic collapse. He advises to buy gold/silver because the dollar will lose almost all of its value. He also says to stay out of the US stock market and to invest in foreign stocks. What do you think?
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Do any of you follow this guy? He predicated this economic collapse. He advises to buy gold/silver because the dollar will lose almost all of its value. He also says to stay out of the US stock market and to invest in foreign stocks. What do you think?
he made a good call on the market tanking, however he had been calling for it for YEARS before it happened and completely MISSED the rally since March of this year.
in Schiff's case, I would say it's more the situation of a stopped watch being correct twice a day.
he made a good call on the market tanking, however he had been calling for it for YEARS before it happened and completely MISSED the rally since March of this year.
in Schiff's case, I would say it's more the situation of a stopped watch being correct twice a day.
I have seen a couple of interviews with him, and have talked to people that read his book.
all I know is that he is a proponent of free markets, and smaller govt.
I agree with rat, that his "spectacular" call on the collapse was most likely akin to his stopped watch theory.
But if you are a proponent of free markets in the first place , and you saw manipulation, in the subprime sector via FNM FRE fueled by people like Frank and Dodd, with litigation like the affirmative action in lending. then of course you could go back and say "I told you so"
I have seen a couple of interviews with him, and have talked to people that read his book.
all I know is that he is a proponent of free markets, and smaller govt.
I agree with rat, that his "spectacular" call on the collapse was most likely akin to his stopped watch theory.
But if you are a proponent of free markets in the first place , and you saw manipulation, in the subprime sector via FNM FRE fueled by people like Frank and Dodd, with litigation like the affirmative action in lending. then of course you could go back and say "I told you so"
Jimmy "The Gold Bug" Rogers is another one. he was finally correct in the mid 2000's about commodity prices, esp oil, gold and silver, after 20 YEARS screaming about them (and getting a HUGE assist from Cheney on the oil price) BUT was still screaming "BUY" last summer when crude peaked and BAGGED a bunch of people.
Jimmy "The Gold Bug" Rogers is another one. he was finally correct in the mid 2000's about commodity prices, esp oil, gold and silver, after 20 YEARS screaming about them (and getting a HUGE assist from Cheney on the oil price) BUT was still screaming "BUY" last summer when crude peaked and BAGGED a bunch of people.
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