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Peter Schiff makes Mega a lot of cash!

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  • Peter Schiff makes Mega a lot of cash!

    13 months ago, i was thinking deeply about the on coming crash. I tried to explain to other what would happen, but "American Idol" or "X Factor" was on that night, thus they needed to preserve the latent powers that dwell with in their brains.

    I started my Euro-pac account , but i felt very strongly that i needed to do more. I switched off my lathe and stood there for a monment. Both Schiif & EJ made sense, the Pound was built on a swamp of Banking & Building & borrowing..........Indeed i sussed the British got +20% of their income from "The City".

    So, i guessed If the "City" was toast the Pound would fall BIG time. I needed to move some of my savings into another currancey. I knew very little about such things, but my Bank did have Euro savings accounts. One phone call was all i need to do this...........I ran to the office to ring them.

    I switched a load of sterling into Euro........I got 55,000 euro's.....i think it was 0.68 to the £. Now today we are at 0.95 and 1:1 can't be far away.

    Thank You Peter
    Thank you EJ.

    Oh, Yes BTW i showed my 80 year mother a video of Peter on You Tube and she watched him and said he made her think of Jesus......Which is funny because every time my statement arrives from Euro-pac and i read the balance i think "Jesus!" as well.

    You win some, you lose some
    Mike

  • #2
    Re: Peter Schiff makes Mega a lot of cash!

    Originally posted by Mega View Post
    ...Oh, Yes BTW i showed my 80 year mother a video of Peter on You Tube and she watched him and said he made her think of Jesus......Which is funny because every time my statement arrives from Euro-pac and i read the balance i think "Jesus!" as well...

    You win some, you lose some
    Mike
    I nominate this as Mega's best post of 2008 [even tho the year ain't over yet] Merry Christmas. And watch out for the Ghost of Christmas Yet to Come this holiday season.

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    • #3
      Re: Peter Schiff makes Mega a lot of cash!

      best mega post and most.

      PS

      Mega did you get a new secretary to type your posts? Your grammar has improved 100%

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      • #4
        Re: Peter Schiff makes Mega a lot of cash!

        Originally posted by Wild Style View Post
        best mega post and most.
        Totally.

        The benefit of reading Mega, it's short, clear, logical and usually right. Never really cared about the spelling.
        It's Economics vs Thermodynamics. Thermodynamics wins.

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        • #5
          Re: Peter Schiff makes Mega a lot of cash!

          Dont wanna rain on your parade, but if you suspect another drop in stocks (as I do all the way down to Sp500 500 or less) gold and EUROs will be sold hard.

          So you may be best to take profits or exit, cause this show is not over !

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          • #6
            Re: Peter Schiff makes Mega a lot of cash!

            Originally posted by icm63 View Post
            Dont wanna rain on your parade, but if you suspect another drop in stocks (as I do all the way down to Sp500 500 or less) gold and EUROs will be sold hard.

            So you may be best to take profits or exit, cause this show is not over !
            Jesus...:eek:

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            • #7
              Re: Peter Schiff makes Mega a lot of cash!

              Same with me. I read Schiff back in Feb and read Rogers, Faber and EJ. I never bother reading any one else.

              This year my liquid investments are up 35-40 percent (much more than the drop in the value of Sterling - Im up even in USD). Illiquid investments are up by about 100 percent. Its been a good year (touch wood!).

              I reckon that while gold will keep rising, there will be a time to sell some of it next year or the year after and with that cash buy oil, industrial metals and ags. Any thoughts?

              Happy investing, Merry Xmas and Happy New Year!!

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              • #8
                Re: Peter Schiff makes Mega a lot of cash!

                Originally posted by icm63 View Post
                Dont wanna rain on your parade, but if you suspect another drop in stocks (as I do all the way down to Sp500 500 or less) gold and EUROs will be sold hard.

                So you may be best to take profits or exit, cause this show is not over !
                What's your reasoning on this?

                I, too, agree about stocks going down. But why would gold and Euros go down with it?
                raja
                Boycott Big Banks • Vote Out Incumbents

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                • #9
                  Re: Peter Schiff makes Mega a lot of cash!

                  Originally posted by raja View Post
                  What's your reasoning on this?

                  I, too, agree about stocks going down. But why would gold and Euros go down with it?
                  They should fall but they won't fall dramatically until February and then...TAMPAX TIME!

                  I also don't understand your belief in gold falling but do see the Euro tanking HARD. The euro's won't be selling many cars for some time and the German economy will teeter on depression if a rebound doesn't occur soon. When New BMW M3s sit on lots like they are presently, there is serious problems indeed. These cars normally sell months in advance!

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