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Peter Schiff Schools Random Doofus on FOX NewsInformationLiberationAug. 30, 2011 |
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 Note, the guy makes the incredibly idiotic statement gold selling companies are trading their gold for paper and that somehow proves gold is worthless. He ignores the companies buy gold as well with paper and make their profits entirely through premiums. He even mentions Goldline as an example, which is the worst example out of all the gold companies he could have mentioned because they have the highest premiums in the industry, some of their coins are marked up %60, whereas the industry standard is somewhere around 5%. 
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