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Article posted Mar 28 2013, 10:47 PM Category: Economy Source: YouTube Print

Why Leave Extra Money in a Bank Peter Schiff



In the wake of the Cyprus banking crisis, Peter Schiff of Euro Pacific Precious Metals says, "There's no question a crisis is on its way. The end game is a huge crisis." With that in mind, Schiff says, "Why would you leave any extra money in a bank to get zero percent interest. . . . I think pull your money out, and put it into some kind of investment. . . . anything other than a piece of paper that's going to lose value." Join Greg Hunter as he goes One-on-One with money manager Peter Schiff.





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Comments 1 - 2 of 2 Add Comment Page 1 of 1
Anonymous

Posted: Mar 29 2013, 5:51 AM

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80202 I was guessing...thinking that the absolutely insane idea of juts confiscating money from bank savings accounts was sure to cause runs on banks...then thinking since nobody could be that stupid as to suggest stealing from saving accounts there must be another reason/goal here.

Then thinking that people have largely dropped out of investments, because they are like gambling in a crooked casino where the house rakes it all in (let's a few win for appearances)...maybe they want all savings accounts to be unsafe so people rush to invest.

I think maybe I was right.
hARMonIzE

Posted: Mar 30 2013, 10:21 AM

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I disagree with Peter here regarding investing in the stock market. I wouldn't put my money in an "investment" like stocks. That IS a crooked casino. Put your money (before it devalues) in solid commodities such as silver and other commodities that can be bartered when that time comes. Something that one can hold in his/her hands ... not in worthless fiat paper or paper stocks.


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