Loading ...Exactly.
Schiff is very well versed in classic economic theory and portrays such thinking is important in todays incredibly corrupt world. (because he is talking his book)
He will be right at some point, but whether we are still alive or not is another thing entirely.
Still too many playing the derivatives and nobody but gold bug kooks are buying physical, however it is slowly turning as open interest in pm gambling vehicles is definitely declining. (if it comes back on a rally that won’t be good)
There’s one rule a good gambler – one who will survive – should always remember – that is never play another man’s game. (gold bug gamblers in derivatives are doing exactly that and have been getting killed for 10 years)
Anybody trading pm derivatives is an idiot. (not including good shares)
Schiff is right about that.
Cheers