I have followed Peter Schiff - the dollar will not hold up too much longer. Everyone needs to protect the value of the dollar right now, even as it is declining to convert their paper into Gold and Silver. Silver is actually the better, due to the cost and it is expected to rise higher in conversion of cost into profit. Besides it will be more tradeable at a lower overall cost than gold will be.
link to his video on CNBC yesterday on "The Call" program - http://www.cnbc.com/id/15840232?video=1130864179&play=1
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Saturday, May 23, 2009
Peter Schiff - Dollar is going to drop like a Stone - Yesterday on CNBC
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Yup, I actually put this one up on ATS. It's bound to happen now. Seems the Bilderbergs decided we dont need the USD anymore.
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