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Here’s why U.S. stock investors saw their wealth explode in the last decade — and why Schiff still cautions against being overweight equities. Top 1% rake in huge gains
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.”
Schiff's warnings of a coming economic collapse earned him the moniker "Dr. Doom", [15] [41] [42] [43] A YouTube fan video, "Peter Schiff was right," became popular in late 2008 and 2009. [44] [45] It contained a compilation of his appearances on various financial TV news programs between 2005 and 2007.
Here’s why U.S. stock investors saw their wealth explode in the last decade, why Schiff still cautions against being overweight equities and you can do to bolster your own portfolio. Don't miss
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