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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.
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.
Finally, consider the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD). It's an exchange-traded fund (ETF), which is a fund that trades like a stock. It has a solid performance record, averaging ...
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Schiff is predicting a phenomenon known as “de-dollarization” — when countries shift away from the greenback as a reserve currency, medium of exchange or unit of account.
(They’re all outside of the stock market.) 'A natural way to diversify': Janet Yellen now says Americans should expect a decline in the USD as the world's reserve currency — 3 ways you can prepare