Quote from: cypherdoc on August 23, 2011, 06:50:13 PM

$40 for SLV will not hold.

Do you disagree with the quantity theory of money? Does the trillions being poured into the money supply of dollars not matter? Dollars are a better investment than gold which has a stable supply? The US debt ponzi scheme, completely irrelevant? Forced low interest rates, really doesn't matter? Buy more dollars with borrowed gold? Dollars are really great?

Quote from: foggyb on August 23, 2011, 07:03:18 PM

Peter Schiff was right in the end. Just took longer than he predicted.

He's going to be right again, regardless of what happens in the next 3-6 months.

Silver $100+, gold $3000+ within 2 years.

He's good with understanding the fundamentals behind everything. It's not as if he can predict sudden events in advance like the exact changes in fiscal policies and the illogically of speculators so the timing can be wrong with predictions. Of-course he was warning about the housing bubble well in advance and was saying that there was too much credit and not enough savings.

Gold could "correct" in the short term because of speculators being stupid by buying loads and then "profit taking" which they do all the time and they don't realise it's a bit stupid. I should avoid trying to take advantage of short term price changes especially when there is so much uncertainty. I prefer to hold onto gold for the long trend upward.