Peter Schiff

It's like, oh, I'm really hungry.

But if I wait a month, the price of that food is going to be a little bit cheaper.

So I'm going to just starve myself while I'm waiting for the price of food.

when you need it, but you hope the price is lower in the future.

I mean, who really think, yeah, I really hope my grocery bill goes up.

I hope it costs me more to buy gas next time I need it.

Or I really hope that my tuition goes up for my kids next year.

This is nonsense.

Everybody wants lower prices.

Everybody benefits from lower prices.

It doesn't stop the man.

People are going to buy things when they need them.

They're not going to hold off indefinitely for a lower price unless they can't afford the current price.

Then they will hold off until they can afford it.

But they overlook the time value.

There is value there.

in owning something today.

So even if I know, oh, if I buy a car today, it's X amount of money.

If I wait a year, it'll be 1% or 2% cheaper, right?

Well, okay, but I need the car right now.