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Originally Posted by adendreams
I also called him a scammer. Which is exactly what that lecture he is giving is...a scam.
Gold sellers are in the business of selling one thing: Fear
Gold goes up when people are afraid and lose confidence in markets. Gold sellers make money with scare tactics and outright lies and smear.
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1) Gold was here long before any of us, and will be here long after we're all gone. It doesn't take guys like Schiff or Beck or anyone else to sell it, simply knowing history is enough for those with enough common sense to pay attention to it. Then make the choice, you buy it or you don't. Just like any other commodity.
2) Gold shops all over the world sell.... wait for it... wait... gold. They don't sell fear, they just sell gold. That's it. Good old fashioned gold. Nothing more.
You have gone on and on about your extensive travels in Asia, so then surely you know about Asians and Indians and gold, right? They buy more than anyone, Central Banks excluded, and do not buy it because Peter Schiff or Glenn Beck scared them into doing so. They were buying it long before your grand parents were born and will be buying long after your grand children's grand children are dead and forgotten about.
Quote:
Originally Posted by adendreams
Funny that you equate his net worth with his credibility DWB.
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Na, deep down I know the anonymous posters on GFY have the best credibility, but sometimes for shits and giggles I tend to side with guys who have actually done something with their life and are incredibly successful at whatever it is they do. One does not have a worth of $70 million by being a schmuck. But then again, it is probably because he is a clown that he is a guest on almost every financial show on earth and is a best selling author.
But I'll be on the lookout for AdenDreams' best selling book on economics as well as your appearance on all the big networks. I can't wait.
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Originally Posted by adendreams
You are a funny guy here on GFY but no one has ever accused you of being intelligent.
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Says the part-time pornographer calling Peter Schiff a clown.
Quote:
Originally Posted by adendreams
I passed my Series 7 Stock Brokerage exam at the age of 21.
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Glad to see you put it to good use.
Quote:
Originally Posted by adendreams
Amazing that uneducated people can be scammed by guys like Shiff into thinking it has some magical powers as a natural currency.
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Schiff and others like him didn't invent gold. There is no scam. If you want to buy it, you do. If you don't, you don't. It's like anything else that fluctuates in value, and only a scam if you are tricked into paying a higher price for it.
History and
100s of millions of people, not Peter Schiff, have already decided gold is not a scam and that it has value. That's all anyone needs to know.
Quote:
Originally Posted by adendreams
If all the lights went out and the planet was suddenly forced into the stone ages - and we all had to become hunter gatherers again tomorrow - Gold would probably rise to the top of the heap of the things used as "Currency"
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Please tell me why gold would be the one to rise to the top yet once again, because I don't see how that is possible if it's just a scam based around fear mongering.