Peter Schiff - USD to go back to gold standard within 5 years

Discussion in 'Gold' started by BullionDollarMan, May 14, 2011.

  1. BullionDollarMan

    BullionDollarMan Member Silver Stacker

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    This is Peter's weekly summary of the markets:

    http://www.youtube.com/watch?v=4bZglexQk4o&feature=feedu

    I recently also saw a Peter Schiff interview from last year where he predicts that the Gold:Dow Jones ratio will reach approx. 1:1

    The Dow Jones is at 12500!!!!

    Any thoughts people.....
     
    BullionDollarMan, May 14, 2011
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  2. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Yet Mike Maloney recently stated that of all the nations that could revert to a gold standard, the USD would suffer the most because 60% of all US Dollars are held outside the US in foreign bank accounts!
     
    Clawhammer, May 14, 2011
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  3. BullionDollarMan

    BullionDollarMan Member Silver Stacker

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    The Fed should release notes/coins to say "In Gold We Trust" eh?
     
    BullionDollarMan, May 14, 2011
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