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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.”
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“Most of these Americans, if they tried to sell their stocks, the market would crash,” Schiff argued. “So, you have all these billionaires whose wealth is a function of the price of their stock.
Schiff broadcasting his radio show from Washington, D.C. in March 2013. Prior to the 2007–2008 financial crisis, Schiff frequently appeared on CNBC, Fox News and Bloomberg to voice his opinions on the US economy and financial markets. However, after the financial crisis, his bookings dropped by 75 to 85% on these networks.
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Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger
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related to: peter schiff dividend stocks funds today in stock market news live updates