GLD (Gold ETF) vs. XHB (Homebuilders ETF) from 2006
Peter Schiff in 2006 on Debt Ceiling, Housing and Gold, "If Things Were So Great We Wouldn't Be Raising Debt Ceiling" (CNBC/Bloomberg Videos)
2/20/2010 12:45:00 AM | via @Dvolatility |
I like this line. "If things were so great we wouldn't be raising the debt ceiling", Peter Schiff on CNBC (2006). LOL. Congress raised the debt ceiling to $9 Trillion at that time and today they just raised it to $14 Trillion! Trim Tabs Biederman did not agree with anything he was saying. Schiff also made a decent gold call in the Bloomberg video. Seems like those who followed Peter Schiff's public views from 2006 are doing quite well being short housing and long gold on a 4 year time frame. So 4 minutes of free advice from Schiff, two $7 trades, some GLD puts and XHB calls as hedges (CBOE example) and you could have been up 100%+ in 4 years while sleeping at night. Not bad at all. He runs Euro Pacific Capital.
Posted by D Volatility