Peter Schiff Explains How Bulls Have Been Losing Money For 11 Years

When will they throw in the towel? How wrong do they have to be? For how many years do they need to lose money to understand they’ve got it backwards? The Dow Jones isn’t up, it’s still worth less than nine ounces of gold, just like it was two years ago. It’s value hasn’t gone up, it just takes more devalued dollars to buy it. Measured in gold and silver prices are not going up, in many cases they’re falling! Pieces of paper is not money, they are money substitutes, notes, IOU’s backed by nothing but flimsy promises from lying politicians. Gold and silver is real money, 6,000 years of history proves this.

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