http://www.watchingtheworld.org/1329/peter-schiff-silver-mania-cnbc-fast-money-3-31-11
I think Peter is wrong here.
He says -
If economy doesn't do well - Silver will go up - it is a safe haven
If economy does well - Silver will go up - it has industrial demand
There is no free lunch in this world.
People who say the above are wrong and doomed.
Peter is long Silver - so he has been sucked in this mania.
Gold help these investors.
I think Peter is wrong here.
He says -
If economy doesn't do well - Silver will go up - it is a safe haven
If economy does well - Silver will go up - it has industrial demand
There is no free lunch in this world.
People who say the above are wrong and doomed.
Peter is long Silver - so he has been sucked in this mania.
Gold help these investors.
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