tag:blogger.com,1999:blog-759178030677978044.post1770287843885984955..comments2024-02-19T07:24:42.397-08:00Comments on Anglican Curmudgeon: Thoughts on Listening to Peter SchiffA. S. Haleyhttp://www.blogger.com/profile/05108498446058643166noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-759178030677978044.post-24619738608354858392014-11-02T09:59:47.261-08:002014-11-02T09:59:47.261-08:00The only thing that Schiff was predicting when I h...The only thing that Schiff was predicting when I heard him was that there would be another round of quantitative easing announced in the first part of next year, John. And for the reasons given in the post, I think that's a safe bet.A. S. Haleyhttps://www.blogger.com/profile/05108498446058643166noreply@blogger.comtag:blogger.com,1999:blog-759178030677978044.post-85968109331470364042014-10-31T15:43:13.405-07:002014-10-31T15:43:13.405-07:00Schiff got a lot of publicity for his correct pred...Schiff got a lot of publicity for his correct prediction of the 2007-08 financial crisis. Unfortunately,like most of the financial talking heads,his longer term track record overall is not great. Schiff is a convicted gold bug and permabear. He has been predicting the collapse of paper money for as long as I can remember and has been emphatic that Treasuries are doomed. He predicted hyperinflation and gold going to $10,000 oz in 2010. All in all he is just your run of the mill doomsday porn pusher with an exceptionally poor track record of prognostications. Anyone following his advice (get out of bonds and go with gold) over the last five years is probably not very happy right now.<br /><br />Color me unimpressed. John (Ad Orientem)https://www.blogger.com/profile/14329907942477160166noreply@blogger.comtag:blogger.com,1999:blog-759178030677978044.post-16122687946275377142014-10-24T13:54:39.239-07:002014-10-24T13:54:39.239-07:00This appears to me somewhat analogous to a substan...This appears to me somewhat analogous to a substance abuse scenario: the Federal Reserve, in a time when the economy exhibits a demonstrably small threat from inflation, has become a regular user of "juice" (purchase of Treasury bonds) which hold down interest rates and hype the market for equities. If, during a time when the economy is in approximately the same condition, the use of that 'juice' is greatly curtailed, interest rates will rise and there will be a negative effective on equities markets, both of which will result in severe reactions for the 'patient'--in this case, the U.S. economy, and such reactions would not, or course, be limited to the U.S. economy.williamphttps://www.blogger.com/profile/15462159892385010372noreply@blogger.comtag:blogger.com,1999:blog-759178030677978044.post-42316277223983903632014-10-24T07:33:52.512-07:002014-10-24T07:33:52.512-07:00So, is silver in one ounce chunks the hedge for sh...So, is silver in one ounce chunks the hedge for short term until one sets up a barter system around ones set of acquaintances?Milton Finchhttps://www.blogger.com/profile/06751775714568357428noreply@blogger.com