Peter Schiff Is An Idiot

The problem is that giving advice in what is essentially once in millennium event, is very difficult.

Everyone can see the Tsunami but there will be no winners

Its like preparing for a nuclear winter, or zombie apocalypse you may survive but you will not thrive.

There are some managers that have made killings in the short term.

But in the End, I believe we will all be losers.

The possible failure of America is not a win for the world.
 
I have a small portfolio through his firm. I started it in November 2008 and went down about 20%; since then it's reached a little better than break-even. Gold (and silver) did the same thing.

I like his economic forecasts; as for his stock picks, maybe not so much.
 
Quote from Sam Mcgee:

Does anyone know or have a list of the latest stock picks from Peter Schiff that they can post or send to me? I'd like to diversify into the Asian market and I was just curious what he is promoting now.
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Idiot or not, does anyone know what his latest stock picks are?
 
Schiff's economic advice is as good as it gets.
He simply invests based on that advice w/o regard to timing. That's why his investment results are subpar.

He correctly predicted that the housing bubble would burst and he is now predicting that the bond bubble will burst, base on the immense borrowing the gov't is doing, along with the socialist disincentivising that obama is implementing.

He picks stocks and metals and currencies based on this forecast, and I agree with him that what he predicts will happen. I would prefer to time my entries, however, and not just plunge in.

Schiff is not a trader, he's a broker. Brokers are not timers. I've been both, and I know.
 
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