Guru - Peter Schiff: Dow will fall another 90%

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Peter Schiff: Dow will fall another 90%

Friday, October 02, 2009
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From Newsmax:

Euro Pacific Capital head Peter Schiff predicts the Dow will fall another 90 percent from current levels when measured against gold, which he says will hit $5,000 an ounce.

Schiff credits poor policy decisions over the past nine years for setting the U.S. dollar up to take a major fall against commodities and other currencies when China and Japan finally stop buying our debt.

"Ben Bernanke is keeping his record of perfection intact of never getting anything right," Schiff told Yahoo! Tech Ticker.

"Once again he's gotten it wrong."

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Topics:		Guru \| Gold \| Stocks

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