4um: Peter Schiff discusses how to *exit* a gold boom

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Title: Peter Schiff discusses how to *exit* a gold boom
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Published: Mar 2, 2012
Author: Ridley , Schiff
Post Date: 2012-03-02 17:19:46 by RidleyReport
Keywords: None
Views: 601
Comments: 5

Dr. Doom was in New Hampshire for the more-or-less annual Liberty Forum. I question some of his historical numbers in an interview but also get his advice on how to get OUT of gold when its prices near peak.
www.youtube.com/watch?v=gkzwaOuprDA
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#1. To: RidleyReport (#0)
My guy, Andrew Gause, says that when interest rates hit 15% it may be time to start unloading investment gold. But he also advises to always maintain a core position regardless.

Buzzard posted on 2012-03-02 20:26:07 ET Reply Trace Private Reply
#2. To: Buzzard (#1)
I don't have a guy, but that sounds like what my gut's been telling me for years. Core position; take opportunities to convert into real and necessary assets when you can 'take some'.

Cornhuskerkid posted on 2012-03-02 20:32:13 ET Reply Trace Private Reply
#3. To: Cornhuskerkid (#2)
I don't have a guy

Gause is the real deal.
He's written two books, "The Real World of Money" & "Uncle Sam Cooks the Books", does a radio program every week & is a Ron Paul supporter.
When it comes to the Rothschilds and the federal reserve, he doesn't pull any punches.
He's also a big proponent of holding gold and silver coins vs bullion.

Buzzard posted on 2012-03-02 21:09:27 ET Reply Trace Private Reply
#4. To: Buzzard (#1)
says that when interest rates hit 15% it may be time to start unloading investment gold.

Rather than look for any particular Dow/Gold benchmark or interest rate, we might use instead public signs. For example, some noted that when taxi drivers were asking patrons about real estate investment advice, and when we all saw all those advertisements on the web where people are dancing around on house roofs for being able to buy a house with a super low interest rate and minimal/no credit check, it was time to get out of the real estate market.
So maybe when the major media starts talking about how great a buy gold is and everyone starts selling it, THEN is probably a peak time to exchange for something else.

Pinguinite posted on 2012-03-02 23:47:50 ET Reply Trace Private Reply
#5. To: Pinguinite (#4)
Rather than look for any particular Dow/Gold benchmark or interest rate, we might use instead public signs............So maybe when the major media starts talking about how great a buy gold is and everyone starts selling it, THEN is probably a peak time to exchange for something else.

That sounds like a good indicator as well.
When it comes to preserving wealth and the timely liquidation of assets, having multiple triggering mechanisms in place could be the wise strategy.

Buzzard posted on 2012-03-03 9:07:56 ET Reply Trace Private Reply
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