I was in Las Vegas for the Freedom Fest and following that I went to Vancouver for a one-day gold conference

One of the things I wanted to discuss was some discussion about me on the www.kitco.com website and I think it was prompted by my itnterview with kitco, which you can see on my YouTube Channel

Whenever there is a discussion about me an argument develops between those who want to believe I never get anything right and those with believe I get a lot of things right

I thought one part of the discussion was quite amusing

Of course, I never claim to be infallible; when you make a lot of projections they don't all turn out to be right

Nobody is 100% right on anything that they say

The key is, are you right more often than you are wrong

And when you're wrong, do you change your mind, when the facts change, which is something that I do

But people will always go back and focus on a quote from years ago and say, "Look here's a quote from Peter Schiff saying interest rates would go up, and Look! now they're down"

I did not expect the bond bubble to get this big

Who thought we'd have half of the sovereign debt trading for negative yields?

Very few people envisioned that, but it happened

For the last several years I have said nothing about higher interest rates

I do believe that when the bond bubble bursts rates will spike up

But I don't know when that is going to happen

If you've made enough forecasts, one can always find things that have not panned out

But these people overlook the overwhelming number of forecasts I've gotten right

One of the forecasts people used to make fun of me about was a forecast I made on a show called, "Southland Today"

I put that up on the internet years ago, it's a 2002 interview and if you watch that clip, you'll recognize that a lot of the things I said in that interview were used to form the introduction to the old, "Wall Street Unspun" the precursor to the Peter Schiff Show

The intro for that show included many quotes that were lifted from the "Southland Today" interview

During that interview, I said I thought the Dow would go down to 4000

Of course a lot happened between 2002 and now

What did happen is that after I did that interview the market fell precipitously; the Dow did drop another 25-30%

The NASDAQ maybe even more

What happened between that interview and the market falling is that Alan Greenspan slashed interest rates down to 1%, and at the time of the interview I did not know he was going to do that

I thought Alan Greenspan would be smarter than that

If Alan Greenspan had not slashed interest rates, my forecast would have been correct

Once Greenspan lowered interest rates, of course, I changed my forecast and became bullish on the market when it was still quite a bit lower

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