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12 ways in which Peter Schiff/ !!!!!!? were wrong

24

Comments

  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    This thread has brought my world crashing to the ground. I've spent every waking hour following everything this guy said. I've even sold all of my possessions to follow his advice. Now the harsh truth has been revealed I don't know what to do.
    Happy chappy
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    To be fair the world economy has the abilty to make even wise old sages look foolish.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • purch
    purch Posts: 9,865 Forumite
    12 Ways Schiff Was Wrong in 2008

    I've heard that he got his secretary a Mocha Cappuccino when she'd ordered a Skinny Latte once , so make that at least 13 !!!!!
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Take note !!!!!!, beware of false profits (or losses in his case) :D

    Ah but don't forget the one dollared man is King in the Land of the Broke!
  • purch
    purch Posts: 9,865 Forumite
    Ah but don't forget the one dollared man is King in the Land of the Broke!

    What about the bloke with a 12.5 kg Gold Bar in his 'skyrocket' who wants to buy a bag of spuds ???

    How does that work ??
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • wintersunshine
    wintersunshine Posts: 471 Forumite
    Generali wrote: »
    Ah but don't forget the one dollared man is King in the Land of the Broke!

    If you follow this guru - you wouldn't even be left with a dollar :rotfl:
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    purch wrote: »
    What about the bloke with a 12.5 kg Gold Bar in his 'skyrocket' who wants to buy a bag of spuds ???

    How does that work ??

    If he is desperate enough the bag of spuds, suddenly becomes worth a 12,5 kg of gold:D
    Supply and demand innit.
    Recommendations.
    Gold = sell
    King Edwards = Buy
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    purch wrote: »
    What about the bloke with a 12.5 kg Gold Bar in his 'skyrocket' who wants to buy a bag of spuds ???

    How does that work ??

    Purch, you have given away your secret investment engine.
    (have you got any Jersy Mids stockpiled I love them):D
  • wintersunshine
    wintersunshine Posts: 471 Forumite
    StevieJ wrote: »
    Don't tell me he lost a stack if dosh :rotfl:
    Sorry other peoples dosh:eek:

    Take note !!!!!!, beware of false profits (or losses in his case) :D

    Last year was the worst year for his clients. He invested their money in the Aussie stock market, for example, down 41% and bet against the dollar AND US Treasuries - I'm sure you know how that ended...

    However, full of confidence he said (From Fortune mag-Feb 9 2009)

    "None of this shocks me. Oftentimes in the short run markets are irrational. My problem is I see things too clearly and too far in advance."

    Well bet that's a big comfort to his clients:rolleyes: :rotfl:
  • SingleSue
    SingleSue Posts: 11,718 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Cannon_Fodder wrote: »
    I haven't pushed his views. I'm pretty sure there are dozens of others who haven't either.

    Try posting some alternatives, to widen the forum's scope if its not covering all the bases you would like it to.


    Nor have I..in fact, I have barely heard of the bloke!
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.
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