Admittedly, there’s an aspect of schadenfreude on behalf of CNBC here — inviting Wall Street’s poster child for gold on a day that it’s being destroyed. Nevertheless, Schiff presses on, relentlessly, in robotic fashion — discussing topics that are near and dear to him, such as Federal Reserve chicanery, a rigged market and faux recovery, and lastly, the prospect of the Fed doing ‘what they really want to do’: enacting a negative rate policy.
It’s all fair play on the SS Titanic, whether it’s a real vessel or not is immaterial. As long as the idea of it lives, uncertainty and men like Schiff get to scare the shit out of people on a regular basis.
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Schiff shouldn’t be allowed to speak. If he’s investing in Gold, I fear the trade only goes down from here. He’s been wrong for over 8 years. What’a another 4?
Gold closed 10/3/08 @ $835 so even with today’s drubbing you are up 52% if you bought 8 yrs ago
Hmmm… if we were to remove Peter Schiff and replace with The Fly…
“Schiff presses on, relentlessly, in robotic fashion — discussing topics that are near and dear to him, such as Federal Reserve chicanery, a rigged market and faux recovery, and lastly, the prospect of the Fed doing ‘what they really want to do’: enacting a negative rate policy.”
Good old Peter Schiff. His stance never wavers. He’s like a rock in the turbulent storm of the markets.
Schiff always talks his book. His semi manic rambles are good TV though.