LNR Right on the "GOLD"

There's a popular YouTube clip called "Peter Schiff Was Right" that shows the president of Euro Pacific Capital engaged in on-air debates with financial luminaries such as Art Laffer and Ben Stein, circa 2006-07.
The clips show the wisdom of Schiff's dire forecasts — and, judging from the dismissive reactions, just how far he was outside the mainstream.
Ben Stein publicly apologized to Schiff in a New York Times column, but Laffer refuses to admit defeat, recently telling Bill Maher his economic forecasts have a statute of limitations of just nine months.
To his credit, Schiff isn't declaring victory, noting "100% of my forecast hasn't panned out," most notably "a major collapse in the dollar" that leads to a spike commodity prices.
As discussed in the accompanying video, Schiff believes the recent dollar rally and commodity price weakness will prove temporary. Most troubling, he says the "economic crisis is only just beginning."


Note the prediction of Peter Schiff,- remember LNR’s prediction about Gold at $2,000 an ounce. As Schiff predicts, once underlying pressures of a broad economic collapse in the U.S. is acknowledged, investors will dump the dollar and many will seek haven in Gold- this is when LNR proves, once again, that the mainstream media is either WRONG or LATE with hot news and economic forecasting.