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bighand69
Peter Schiff
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Comments by "bighand69" (@bighands69) on "QE4 is Coming" video.
But all of what you have stated is happening at the same time as QE. How does that tally up for you.
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Pinky Green I did not buy that much gold and silver I have been buying farms, land, manufacturing, fishing, clothing, communications and about 20 other fields. So as to hedge my investments and they are indifferent markets as well. My house is on a 500 acre productive farm and I also have a small food production company attached to the farm. Gold and silver can be the same if you plan for it properly. If the QE crash does not happen at least they are still physical properties. Gold does not disapear and neither does the computer in the corner or car outside.
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Donald Wright The debt is not Americas biggest problem believe it or not. The deficit is the biggest problem and to counter that deficit they are printing up money.
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Donald Wright 90% physical wealth vs 10 paper wealth makes no sense. People will own what they desire just as I own farms my neighbor has a massive book collection and another neighbor owns shares. A gold currency would also work but that is not the point I am making. The point I am making is that governments are running up massive debts because they are having a deficit. Norway which uses a paper system like everywhere else has not debts or deficit and the same with Switzerland. It would make no difference to those countries if their currency was gold or silver or paper. The reason Japan is not sinking economically and it has a massive debt problem through paper is the fact its manufacturing is more productive than its paper based system. So while it may have a paper deficit it has a physical surplus of goods.
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