Peter Schiff Interview on Goldseek 2/2

Peter Schiff on Goldseek 12/13/08 2/2

Mr. Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, commodities, gold and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nation's leading newspapers, including The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and has appeared on CNBC, CNNfn, Fox News and Bloomberg. In addition, his views are frequently quoted locally in the Orange County Register.
Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkeley in 1987. A financial professional for nineteen years he joined Euro Pacific in 1996 and has served as its President since January 2000. An expert on money, economic theory, and international investing, he is a highly recommended broker by many of the nation's financial newsletters and advisory services. Mr. Schiff holds NASD Series 4,7,24,27,53,55, & 63 licenses.

Category:

News & Politics

Tags:

• Peter
• Schiff
• GoldSeek
• Gold
• Federal
• Reserve
• economic
• collapse
• crisis
• depression
• stock
• market
• economy
• economics
• austrian
• ron
• paul
• bailout
• Constitution

[edingsteve1]

Peter schiff changed my life! I am now studying economics and monetary history.

[nyc10101]

Peter you rock, keep preaching and hopefully someone in power will listen.

[lymaeQ]

The problem is that politicians have a four or five-year shelf life and this is one of the many inherent defect of the famous "democracy".

Major changes that come at a J-curve and would require decades to show their first positive impacts (such as pension system reforms) are impossible to realize because politicians can't see past their own individual term in office and also because regular people cannot see the big picture now, let alone the big picture that extends past their own lifetime...

[qcumber48]

Roubini does indeed favor massive gubment intervention. Visit his website RGE Monitor and read his articles.

[morosi15]

Peter Schiff and Jim Rogers are the best there is; Nouriel Roubini would be the next best thing. His economic views are still as realistic, but he does advocate more government intervention as Peter mentioned.

[Dziaji]

This argument is flawed. It's not like Schiff owns a gold mine and his company will profitt from a rising gold price. He is a trader and makes his daily decisions based on his market trend predictions. If he really didn't think genuinely that gold was a good buy, his company would simply be trading elsewhere and possibly even SHORTING gold for that matter.

[karhu1913]

It said video no longer available, but after 5 minutes i refreshed and it works again! oh well thanks for the video. Good stuff. Peter is honest, and admits that he might not get the path we take right. There fore its kind of silly when CNBC etc try to diminish him by saying how he got the dollar move wrong.

Marc Faber thou anticipated the medium term dollar strength well in advance.

[jsyc07]

Don't forget Economics in One Lesson by Henry Hazlit. That will become required reading in my house for my kids.

[jsyc07]

He invests in gold because he believes the dollar will collapse. He is trying to protect his assets and the assets of his clients. You would have a good argument if he somehow was able to cause the collapse of the dollar, which he can't. If he thought the dollar was great he would advise buying US assets.

[dylbro]

He is an american that cares about America. He constantly gives advice that goes against his own investment gains because it would help the average american and not himself. He is smart enough to change his investment style based on reality. He does not change reality to fit his investment style.

[edingsteve1]

Done deal.

[fuckreg]

The reason the government won't change is because to many politicians would have to admit that they contributed to the Crisis. They allowed the C.R.I. and empowered the federal reserve and treasury to debase the currency at unprecedented rates. Buy gold and silver, buy mining stocks, buy Chinese infrastructure i.e. (water treatment, power, dams). If you buy assets that are difficult to corrupt you protect yourself from government and corporate manipulation.