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View Full Version : Peter Schiff was right


BigDane
17-03-2009, 09:38 PM
Im sure some of you have seen this vid.

Pretty amazing looking back now.

Too bad the majority didn't listen.

http://www.youtube.com/watch?v=2I0QN-FYkpw
pinhead
17-03-2009, 10:07 PM
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pinhead
17-03-2009, 10:14 PM
Probably this guy makes the most sense. Save your money. Hang on to it tightly.
BigDane
17-03-2009, 10:18 PM
Or buy gold :D
Bowlcut
18-03-2009, 09:58 AM
His father is in prison for tax-resistance, and Peter is very smart. Educated in the works of Mises, Rothbard, Hayek, and Hazlitt.
pinhead
18-03-2009, 12:36 PM
Tax resistance? Is that like tax evasion?
Born2Juice4Ever
18-03-2009, 12:47 PM
Or buy gold :D


Funny eh?
Early last year I was looking into gold myself. Found that it was averaging at a very all time low--something like $740.00
Not all advise is correct, while all advise needs to be subjective.
I approached a person who knows his shit in the stock indusrty, but as we know, this is such a difficult time to predict things....anyhow he advised me against gold, that it is (and he said to me): dead money.

Well looking at gold exactly 12 months later, it is now over $900.00 ---so what now?
I lost around 400.00 in profit? or did I just hold onto my cash at a very volitile time?
The fact of the matter is, that anytime you put money into investment(s), you better be ready to loose it all...all within minutes.
No risk taken, no reward given.

Looking back at last year, sitting here on this PC--same question again: Is it a good investment to get into gold?? Even for a small timer who just wants to play with a few thousand dollars??


B2J
Bowlcut
18-03-2009, 01:28 PM
Tax resistance? Is that like tax evasion?

Tax resistance is when one refuses to consent to the unlawful and forcible confiscation of their property by the ruling elite.

In reality there is no such thing as tax evasion per se, just people wanting to keep as much o their money as possible from the government taking it and giving it to their friends.