I thought this DR article a good read for those who may have missed it:
"The illustrious forecaster of the financial crisis, Peter Schiff, is often misunderstood. I recall a video where he refused to give his prediction for how far stock markets would fall. After much coaxing from the TV host, an answer was finally given, much to the confusion of those watching.
The answer was that the Dow (the index commonly quoted) will be worth "1 ounce of gold". This implies a significant fall in the Dow, or rise in the price of gold. What Schiff means is exactly my point above. The Dow could go anywhere if the value of the dollar changes as well. If the Dow rises by 50%, but the value of the dollar falls by 90%, you still have a whopping loss."
