×

What's the Ultimate Bear Buying?

If you know Peter Schiff you know he’s a vocal critic of the US dollar, the US stock market and the policies of Ben Bernanke.

Is there anything he does like?

Kind of like Ebenezer Scrooge, Schiff likes silver and gold .

“All you had to buy was gold stocks 10 years ago and hold on to them," he says in a live interview on CNBC's Fast Money. "They’re up 1200% in that time span. The Dow would have to be at 120,000 to have kept pace.”

We know that Schiff is a tad dramatic – some would say alarmist – but his forecasts are not without merit.

In late 2006, Schiff predicted the housing bubble and resulting subprime mortgage crisis and in late 2008, he predicted the automotive industry crisis and the crisis in the banking and financial markets.

Check out our entire conversation. Watch the video now!


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On April 8, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova owns (C); Terranova owns (JPM); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PBR); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (XOM); Terranova owns (AKAM); Terranova owns (CNQ); Terranova is short (POT); Terranova owns (NFLX); Terranova owns (CAT); Terranova owns (F); Terranova owns (VLO); Finerman and Finerman's firm own (AAPL); Finerman owns (C); Finerman and Finerman's firm own (CVS); Finerman and Finerman's firm own (HPQ); Finerman's firm owns (JPM), is long (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm is short (IWM); Finerman's firm is short (MDY; Finerman's firm is short (SPY); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Pete Najarian owns (C); Pete Najarian owns (C); Pete Najarian is long (F) bonds; Pete Najarian owns (JPM); Pete Najarian is long (RSX); Pete Najarian is long (XLF) calls; Jon Najarian owns (AMSC), is short (AMSC) calls; Jon Najarian owns (CBOE), is short (CBOE) calls; Jon Najarian owns (CME), is short (NYX) calls; Jon Najarian owns (NYX), is short (NYX) calls; Jon Najarian owns (BBBY), is short (BBBY) calls; Jon Najarian owns (BRCM), is short (BRCM) calls; Jon Najarian owns (GDX), is short (GDX) calls; Jon Najarian owns (SLV), is short (SLV) calls; Jon Najarian owns (LLY), is short (LLY) calls; Jon Najarian owns (EMC), is short (EMC) calls

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (NCRI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & IRL PLC

For Brian Kelly
Accounts Managed by Kanundrum Capital are long (GLD)
Accounts Managed by Kanundrum Capital are long (MON)
Accounts Managed by Kanundrum Capital are long (SLV)
Accounts Managed by Kanundrum Capital are short (XLF)
Accounts Managed by Kanundrum Capital are long VIX calls
Accounts Managed by Kanundrum Capital are short yen
Accounts Managed by Kanundrum Capital are short copper
Accounts Managed by Kanundrum Capital are long gold
Accounts Managed by Kanundrum Capital are long silver
Accounts Managed by Kanundrum Capital are long crude oil
Accounts Managed by Kanundrum Capital are long natural gas

For Scott Nations
**No Disclosures

For David Greenberg
Greenberg Is President Of Sterling Commodities, A Clearinghouse For Metals & Commodities At NYMEX
Greenberg Is A Former NYMEX Executive Committee and Board Member

SOT 2/25/11: Brian Kelly Netflix
**No Disclosure

Late Adds:
Paul Fremont:
**No disclosures

Peter Schiff
Schiff owns gold, silver, oil

For the following stocks Terranova's 4/7 disclosures should say:
Terranova is short (NFLX)
Terranova is short (CAT)
Terranova is short (F)
Terranova is short (VLO)

Comcast Is The Parent Company Of CNBC
Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC

CNBC.com with wires.