- Sep 29, 2000
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This is the guy who foresaw a lot of what has happened but, unfortunately for his clients, didn't make them any money at it.
Of course if it does hit a few thousand, even, it will be funny to bump this thread and laugh at myself, but it's certainly an extreme view. Has he been on Glenn Beck's show yet? They seem a perfect match.
The worst is not over, according to Euro Pacific Capital's Schiff, who predicts the Dow will fall another 90% from current levels when measured against gold.
A longtime dollar bear and gold bull, he foresees gold hitting $5000 per ounce "in the next couple of years," and predicts the Dow and gold will trade on a one-to-one ratio vs. the current level of around 9.7-to-1.
...[gold will] start moving up $100 per day [!!!]
This is the guy who foresaw a lot of what has happened but, unfortunately for his clients, didn't make them any money at it.
Of course if it does hit a few thousand, even, it will be funny to bump this thread and laugh at myself, but it's certainly an extreme view. Has he been on Glenn Beck's show yet? They seem a perfect match.