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Gold-bug Peter Schiff has admitted he could have made a lot more money over the last decade if he had focused his investing on high-performing stocks instead of gold. ... Now, my gold stocks did ...
old-bug Peter Schiff has admitted he could have made a lot more money over the last decade if he had focused his investing on high-performing stocks instead of gold.
In September 2009, with gold below $1,000 per ounce, Schiff said that he foresaw gold at over $5,000 per ounce in the future, and that the stock market rally which began that year was a "rally in a bear market." [34]
Last year, economist Peter Schiff told investors that the metal was underpriced due to persistent inflationary pressures. “I think it has to be repriced higher to reflect the reality of much ...
ISBN. 047052670X. How an Economy Grows and Why it Crashes (2010) is an illustrated book on various economic topics by Peter Schiff and Andrew Schiff. The book allegorically explores such topics as inflation, deficit spending, central banking, international trade, and the housing bubble and 2007–2008 financial crisis.
Peter Schiff holds a bachelor's degree in Finance & Accounting from University of California Berkley. Peter Schiff is a business person, stock broker, and television commentator-- this article refers to him as an Economist. This is a falsehood. His "field" is securities trading, not financial economics.
The problem is right now U.S. stocks are extremely expensive and historically, it's very dangerous to overpay for stocks,” Schiff said, adding that gold is “actually very cheap historically.”
“Gold has already broken out,” he told Bet-David, alluding to the fact that central banks bought gold at “breakneck pace” in 2023, per the World Gold Council (WGC), with annual net ...