There is "wrong" and then there is WRONG. SCHIFF has been WRONG. Outrageously and irresponsibly wrong. $12,000 gold give me a break. 6% 10 year treasury's in 2011 give me a break. Hyperinflation in 2009, 2010,2011, 2012.... Give me a frickn break. And whats really galling is that he has said " i honestly dont think i have ever been wrong."
And this is the guy whose advice you follow clearly because his ideology aligns with yours. Good luck buddy.
Since you havent ever revealed all the investment advice you followed (what you bought, when and how long you have held it for) of his its hard for one to believe you. Certainly impossible to judge.
What we do know is that people who followed his investment advice in the last # of years say they are down anywhere from 40% to 70%.
Just curious. Is Schiff telling people to go to cash because of Greece?
Would love to know your thinking on this since I believe you indicated you are
close to going to all cash.
Last edited by Havakasha; 05-24-2012 at 12:18 PM.
Peter Shiff and Ron Paul were very right on the housing bubble. So many people got hurt, and are still hurting. Barney Frank ought to feel aweful. In fact, we (the people) should put him on trial.