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/biz/ - Business & Finance


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17421522 No.17421522 [Reply] [Original]

Who is Peter Schiff?
Why is he so successful?

>> No.17421610

>>17421522
Daniella is a babe

>> No.17421714
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17421714

New prediction for this list?

>2009: I know inflation is going to get worse in 2010. Whether it's going to run out of control or it's going to take until 2011 or 2012, but I know we're going to have a major currency crisis coming soon. It's going to dwarf the financial crisis and it's going to send consumer prices absolutely ballistic, as well as interest rates and unemployment.
Nothing happened.

>2011: Why it’s time to dump most U.S. stocks... I would also avoid any high-multiple stocks, which excludes most technology or biotechnology companies.
Technology stocks did phenomonally well over the past decade.

>2012, when gold was $1700: Gold’s got only one direction to go, and that’s higher... I think you’re going to see a big move sometime in the next couple of years... In a few years, we're talking gold $5000.
Then gold crashed to $1300 next year, $1200 the year after.
>2014: I never specified that gold would hit 5000 in two years. You can say that Schiff thought gold would make a big move in two years. He was right, but the move was in the opposite direction... A few could be 3, but it could also be 4 or maybe 5.
It's been 7+ years since his prediction, and gold is now $1500, never having recovered to $1700.

>2012: [QE is] not going to revive the economy. It’s not going to create jobs. But it will help destroy the dollar. And that is going to send gold higher.
Employment actually increased.
>2015 when confronted about his prediction: Most of those jobs will be lost in the coming recession that will likely begin in 2016.
No recession in 2016.

>January, 2019: 2008 Great Recession will Pale Compared to 2019 Bear Market
Bull market in 2019.