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Jacobrester (December 2nd, 2008 @ 8:01 pm)

According to several of my financial newsletters, the dollar has risen because massive amounts of capital has left the Euro and Pound, due to anticipated loan defaults by Central and Eastern Europe. These massive loans, which 45% of them were made by the EU and UK, are expected to be defaulted on very soon. Thus people with money in European currencies have been flocking to the dollar.

Jacobrester (December 2nd, 2008 @ 7:59 pm)

For God's sake....leave your mothers money alone. Tell her to keep it in a CD. Gold is a suckers bet.

colacocala (December 2nd, 2008 @ 7:51 am)

where the f* do i buy golds? ive 8k how da f* do i convince my mother to do so? she has 70k in total

cooll6 (December 2nd, 2008 @ 7:22 am)

The reason gold is down and the dollar is up is because foreign companies/ citizens are buying american assets, at low prices because the fall of prices. The only way to buy american assets is in dollars, there for foreigners must hold T-bills this is what is keeping the dollar up. However once foreigners reject the dollar we will see hyper-inflation.

Jacobrester (December 1st, 2008 @ 9:14 pm)

Peter Schiff said back in June that the dollar would collapse by October of 2008 and commodities would skyrocket because of this. He said gold, which was at $950/ounce in June, would reach $1200/ounce by October of 2008. When he said the dollar would collapse, it was sitting at 70 on the index. What has happened? The dollar index is now 88. The price of gold has fallen to $776/ounce, and commodities have collapsed in prices. He doesnt seem to accurate to me.

FATToney12 (November 28th, 2008 @ 7:17 pm)

Of course he is a Ron Paul supporter. He was his economic advisor for many years. LOL!

golcynski (November 26th, 2008 @ 5:24 pm)

That could be true, but I do like him and put faith in him. The bailouts are going to bite us back, and what OBAMA the faken change guy voted for the BAILOUTS, YES precious the change is coming and its going to be a biatccchhhh

golcynski (November 26th, 2008 @ 5:20 pm)

go to GOOGLE VIDEO and search for OUTFOXED truth about FOX

cmdreno (November 26th, 2008 @ 5:41 am)

Save the tape lol.

sayfaylo (November 25th, 2008 @ 8:01 am)

Probably because those two morons on the left didn't really have a firm understanding with economics...Then it make you wonder...How the hell did they get that job?!...And they're the ones that are suppose to direct you in the right direction on what and how to invest?!?!

sayfaylo (November 25th, 2008 @ 7:53 am)

God Fuck'n Damn!...Peter must be saying to all those fuck'n critics and C minus economic and business majors..."I TOLD YOU FUCK'N SO!!!" "Biatch!!!"

Itsnotthisitsnotthat (November 24th, 2008 @ 10:11 pm)

Lol the dollar is going to collapse, it's only a matter of time.