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View Full Version : Peter Schiff on the AA+ Rating


sunshine05
6th August 2011, 01:58 PM
http://www.youtube.com/watch?v=SgNLTb58K_Y&feature=player_embedded
Nomoss
6th August 2011, 04:09 PM
Can you post the link.
Thanks.
madfranks
6th August 2011, 04:34 PM
Can you post the link.
Thanks.

http://www.youtube.com/watch?v=SgNLTb58K_Y
gunDriller
6th August 2011, 07:14 PM
Gold $5,000
Silver $125

so he's calling a 40:1 ratio.

pre-QE3 - like now - maybe.

but i don't think gold will go to $5K until after QE3 is announced and in process.


anyway, i think his 'call' of $5K gold is post-QE3, and post-QE3, the Gold-Silver ratio will contract from where it is now (40) back to where it was when silver was at $50 (GSR then was 30) and, perhaps in line with some of Dan Norcini's estimate - a GSR of 15.

so i think if Schiff is going to posit this scenario of a 200% rise in gold's price - with no change in the GSR - he needs to explain himself.