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<p>[QUOTE=&quot;mikem2000, post: 1791095, member: 30574&quot;]Really,&nbsp; While Schiff &quot;claims&quot; to be a Gold Bull since $300, the facts, and the internet disagree.&nbsp; The reality is Schiff got to the Gold game in the 7th inning.&nbsp; His first bull call on&nbsp; gold seems to be in 2008 when gold was already flirting with $1000.&nbsp; The call by the way was for gold to hit $5000 in the next few years.&nbsp; I really can&#039;t say he got that one right.&nbsp; Also, even into 2009, he was still only recommending 10-15 % Gold for his EuroPac Capital clients.</p><p>&nbsp;</p><p>&nbsp;BTW, it is widely know, that even with Schiff&#039;s collapse prediction, the EuroPac clients took a whooping.&nbsp; Guess he didn&#039;t have them in the right stuff, but hey who cares if your clients make money as long as you make money on the fees.</p><p>&nbsp;</p><p>Now in 2010, Schiff became truly bullish on Gold, yeah, way late but that is when he opened his company EuroPac metals and he became a Gold dealer.&nbsp; What a coincidence that he becomes very bullish the same time he starts selling Gold.&nbsp; Again, it should be obvious, he clients don&#039;t do so well, but he still makes money.&nbsp; You see, he was recommending buying gold, but he was making money by selling gold.&nbsp; Who knew?</p><p>&nbsp;</p><p>As far as his predictions, don&#039;t make me laugh.&nbsp; In addition to his $5000 gold prediction, he also made a $300 barrel of oil prediction, plus a DOW 1400 to boot.&nbsp; These are just a few.&nbsp; I guess if you throw enough stuff at the wall.....</p><p>&nbsp;</p><p>And finally, the only thing a brokerage firm cares about is if you can sell assets, which I am sure Schiff did very well at since he can shovel it with the best of them[/QUOTE]</p><p><br /></p>

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