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As Bob Chapman pointed out to me, Peter Schiff has lost a lot of money for those who have invested with him over the last couple of years.
ReplyDeleteI'd like to see Peter's actual performance record on his picks. He makes sense on the fundamentals but as I see it, he has lost money for his investor in the last couple of years. show us your actual portfolio results. thanks.
If the Fed had not re-inflated the bubble it would have continued to deflate down to where Peter predicted, and lower. No one could have predicted the ridiculous amount of $$$ the Fed pumped in. And once this next bubble crashes, will they just pump even more in? RMJA
ReplyDeleteTo the first comment:
ReplyDeleteOf course here is a level of risk in any investment. Nobody can play God like with a crystal ball - too many 'wild cards'.
By definition a risk decision cannot be judged by its outcome. You can only make the best decision based on the knowns.
The fact that Peter Schiff clearly understands the fundamentals is, alone, the best single reason to give him your vote!
That is what you want running your country.
Andrew Atkin