Is there a financial leader who has been consistently giving good advice, and currently has happy clients, engaged employees and even job openings? It appears that the CEO of Euro Pacific Capital, Peter Schiff, is just such a leader. Accused of being a “permabear” by his detractors, he has successfully called the current depression, and has all of his clients in non-US equities and gold that doesn’t loose it’s value as the Federal Reserve prints money. He’s been recommending to his clients to move US dollars into different assets unrelated to the US economy for 10 years. Consider this series of forecasts by Schieff back in 2006-2007, where he was frank, contrarian and accurate:
Clearly he was right about the current recession. He led his clients out of dollars and US stocks and bonds, and they’re wealthier for it today. Do you think he’s right that this is a long-term, multi-year recession? If he was effective at leading his investors out of US markets in the past, do you think he’ll be able to help his clients preserve and grow wealth in the future? The Scientific Leader has decided to follow Peter’s lead, and shift most of my investments to his brokerage. Who else is with me?
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It’s sad to hear about all the verbal abuse going around. I never thought I’d say this, but I’m glad I don’t have much money!
Kudos for recognizing pure brilliance in economic balls. The economic situation was laid bare for anyone who was prepared to lsiten years ago.
The only guarantee about forecasts is that they are almost always wrong. Many people were calling the bubble for what it was.
What I find interesting is how he stuck to his guns consistently, believing in his own interpretation of the data and not being swayed by his contemporaries. That is what is so remarkable.
If I had money to invest, I wouldn’t trust it with anybody but Peter Schiff.
One thing I’m waiting & watching for, just out of curiosity, is Schiff’s recent prediction that before this mess is over the DJIA and the price of 1 oz. gold will meet.
That prediction is looking more and more realistic every day.
I don’t think that the dollar will fall until the global economy heals somewhat. All the dollars that are printed don’t seem to enter circulation nowadays, how can a dollar bill in a box somewhere create inflation? All that said, the US government is sitting on a ticking bomb at the moment, just nobody knows how long it will tick.
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