A Quote by Peter Schiff
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.
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The problem right now is that central banks have not normalized their balance sheet since 2009. They're trying, but it's not even close. If we had another crisis tomorrow, and you had to do QE4 and QE5, how could you do that when you're already at $4 trillion? They might have to turn to the IMF or SDR or to Gold. Then, if you go back to the gold standard, you have to get the price right. People say there's not enough gold to support a gold standard. That's nonsense. There's always enough gold, it's just a question of price.
I tell a person, "If I could go home with you tomorrow and you and I could spend the day together from maybe 8:00 to 6:00, and we went out to a restaurant at 6:30, I could tell you with a high degree of accuracy how successful you're going to be." That's huge because I'm just going to look and see, what kind of attitude do you have, how do you relate to people, how well do you prioritize your life? I'm going to see all of those things in the process of a day.
Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it's a huge opportunity for miners.
Bitcoins are not a real investment; they are bets inside a casino. If the price goes back up, don't be fooled. In the parlance of popping investment bubbles, it's something called a 'dead-cat bounce.' People who are desperate to keep the game going rush back in, hoping to bring the price back up, but it never lasts.
If I bring back only one gold people are going to say it's a disappointment. But not too many of them own an Olympic gold medal so if I get one I'm going to be happy.
The fact is that this conversation is going on at every level at every age, we're all going, "God, what a jerk I've been," "How could I have married that guy?" or "How could I have done this or that?" With time, this is the gift of being older, that you get to look back and say, "It wasn't all about them."
You get to decide how you're going to look and what you're going to be when you grow up and when people learned that my parents actually had an arranged marriage people thought that was the most horrific thing on earth. I mean how could anybody allow their marriage of all things to be prescribed by somebody else?
I wake up each night eight times a night or so because of my knee or my back or my elbow or my shoulder. If I wake up one day and am not crippled-feeling then I'm shocked like, wow, it's going to be a good day.
When we launched the Wii - I mean, again, people look back and say, '100 million units, it was easy!' Believe me, I was there, and it wasn't easy at all. We had tough conversations, internal debate, like, 'How are we going to do this? How are we going to bring it to life? What are we going to do?'
Going after a dream has a price. It may mean abandoning our habits, it may make us go through hardships, or it may lead us to disappointment, et cetera. But however costly it may be, it is never as high as the price paid by people who didn't live. Because one day they will look back and hear their own heart say: 'I wasted my life.'
Hiding is not an option and you're going to step out and you're going to make mistakes. I'm going to look stupid. I'm going to say things I want to retract. I'm going to sing notes I wish I could have back, there's just no getting around the stumble, but if you stumble enough times you're going to fall off the edge and have no choice but to freakin' fly.
One day you wake up and realize the world can be conquered... I'm going to put a mask on and scrawl my name across the face of the world, build cities of gold, come back and stomp this place flat, until even the bricks are just dust. So you can just shut up. All of you. I'm going to move the world.
You're not going to be able to look like anyone else, no matter how hard you try, unless you're a mimic, then you're not acting, you're just mimicking. You can't go on being John Wayne, that's John Wayne. So you're not going to steal from John Wayne. I'm not going to steal from John Wayne and you're not going to come back and say 'Didn't you get that from the circus?' You know. But he is one of those people who instructs me, whom I look up to - whom I think is one of the masters of his craft that I am so enamoured of.
That's the one thing you wake up with every day: How long have I got left? And that's the saddest thing in the world, because you have this absolute realization that everything you love you're going to have to let go of and give up. I look at my daughter and I think, There's going to be a point where I'm not going to be around for her. Even the thought of that breaks my heart.
I woke up one day and wanted to change my look. And I was like, 'Okay, what are you going to do about it?' I said, 'I'm going lose 30 pounds, I'm going to get a little lipo, and I'm going to get a Monroe piercing, and I'm going to cut my hair. I'm going to get totally wild.'
You are going to survive. And good things are going to start to happen again. And one day you are going to look back and this will not even be such a bad thing
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