BS is the name of the game.
Trader smacks down Peter Schiff: ‘This is dangerous’
Over the past few years Peter Schiff has consistently predicted that gold was headed higher, and has consistently been proved wrong. On Thursday, he vigorously defended his calls in a heated debate with trader Scott Nations, who calls his confidence "dangerous." Back on Oct. 25, 2012, with gold at $1,700, Schiff said on CNBC's "Futures Now" that "one day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price. And it's not going to take too long. I mean, just in a few years, we're talking gold $5,000." ... (full story)