Peter Schiff
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Appearances Over Time
Podcast Appearances
And because of my father, I bought gold.
And I ended up selling it.
coincidentally, near the highs in 1980.
Because gold went from $35 an ounce in 1970 to $850 in 1980.
So in the middle of that run, I took my bar mitzvah money, because I probably got bar mitzvahed in 1975, 76.
And I took my bar mitzvah money and I bought gold.
And then I sold it to buy my first car.
which I was a senior in high school.
What kind of car?
It was an MGB convertible.
Nice.
Yeah.
So, although it broke down all the time and I didn't, I bought it.
It was a stick shift.
I didn't even know how to drive a stick, but I wanted that car.
So I had to figure it out as I was going along.
So I happened to get out of gold, you know, near the highs because then gold went into a 20 year bear market, right?
From 1980, when gold hit 800,
It was, you know, bottomed out at 250 in 2000, 1999, 2000.
But that's about when I started recommending it.