Gold, Oil, Denmark and Retirement

Listeners’ Questions, Peter’s Answers- August 08, 2012

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Daniel from Chicago, IL
Can you explain why certain fund managers watch the difference in the gold offer-lease rate and do you think this can be useful as a timing mechanism if bullion banks try selling off gold to raise cash?

Albert from Antwerpen, Belgium
I read an article that says that oil supply is exceeding oil demand for the first time since 2005. I think this is very bearish for the oil price going forward. More so because we are now faced with a coming depression. Wouldn’t it be better to invest in gold mines than in oil itself? Are you still bullish on oil in the short term?

Peter from Aarhus, Denmark
I agree with you on the future inflation and interest rate in the US, but is the long term interest rate in Denmark within 2 years also going up because as you know Denmark is one of the only safe havens right now.

Matthew from London, England
I am a student living in the UK and I am not too sure if i should go to university, In this economic climate were there is a euro zone crises and the UK has slipped back into another recession should I bother going to university at all?

Dolores in Greensboro, GA
I am a widow who is stuck with an underwater mortgage financed at 10.25% with HFC who refused to renegotiate when my husband died. Should I try to pay off my credit cards before the economy tanks again or would I be better allocating that money into precious metals for my retirement? With the little money I have, would I be better off having gold and silver in 1/10 oz., 1/4 oz.or 1/2 oz. coins when the economy crashes in a few years?

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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