Peter Schiff Was Correct
From 2006-2007, Peter Schiff was on the finance talk show circuit and stated that the housing bubble was about to burst and that people should take their cash out and invest in gold. Everyone at the time laughed at him.
From 2006-2007, Peter Schiff was on the finance talk show circuit and stated that the housing bubble was about to burst and that people should take their cash out and invest in gold. Everyone at the time laughed at him.
Um, dont drink the kool aid. Schiff got only one thing correct: finincial collapse. Everything else was wrong as you can see in this blog article.
http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html
Most of Schiff’s critics were so busy guffawing and rolling their eyes that they barely had time to recommend a series of sure-win financial stocks…the majority of which failed a few months later and were either liquidated or sold for pennies on the dollar.
Just reinforces the notion that watching these stock-picker shows are a frustrating waste of time. Where do they get their viewers?