Economic Collapse, Silver Certificates and Subprime Lending

Listeners’ Questions – February 17, 2011

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Jason from Bellevue, WA
I noticed lately you have been speaking of economic collapse which you predict to occur sometime between 2011 and 2012. but at the same time, you are recommending purchasing mining stocks. Do you feel as if this economic meltdown will negatively effect all stocks including mining stocks? Or do you just feel that the standard of living in the United States will be much lower after this collapse?

Adrian from Signapore
Ever since your recommendation of economic collapse I have accumulated silver through a derivatives account, because I would be buying much less if I were to buy physical silver. Does your company, Euro Pacific sell silver certificates? Is it safe to hold silver through derivatives?

Ricky from Brooklyn, NY
Get everyone to reappraise their home to hopefully get it lower to help lower our property taxes. This will be the reverse of the subprime mess. The banks did subprime lending. The appraisers pump the value of the houses to help fuel / validate the crazy lending so let’s reverse this. What do you think?

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.



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