Peter Schiff
Peter Schiff
Peter David Schiffis an American stockbroker, author, and one-time Senate candidate. He has appeared as a guest on numerous financial television shows and has been quoted in major print publications as a financial analyst. He is host of The Peter Schiff Show, an audio show broadcast on terrestrial and Internet radio, and he was formerly host of an Internet podcast called Wall Street Unspun, now archived as podcasts...
NationalityAmerican
ProfessionBusinessman
Date of Birth23 March 1963
CountryUnited States of America
When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.
My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up.
You are going to lose wealth in U.S. stocks. My advice is to avoid them if at all possible.
The Fed's study is flawed as the comparisons are not relevant, ... When the world dumps dollars, they will also dump Treasuries, sending rates soaring.
Before I came along, it was very difficult for people to invest in foreign stocks and not lose their shirts to the market makers.
That shows that big money is not buying, Wall Street does not believe this rally, they are still skeptical and are waiting for the gold price to fall.
Currencies are losing value and will continue to do so at a rapid pace.
It's up to the legislature to determine whether marriage should be extended to same-sex marriage,
This is similar to the 1970s when there was a permanent readjustment in oil prices.
There's no question it will keep rising. The bull markets keep the nervous people out of the market.
One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price.
The entire American standard of living is artificially high right now, resting on the ability of Americans to borrow money from foreigners.
We are an indebted family going out for an expensive meal to celebrate getting approved foe a new credit card. It might feel good (at the time), but we're still simply delaying the inevitable.
Mutual funds are an overrated investment heavily promoted by Wall Street.