Monday, June 16, 2014

You shouldn’t have all your money in GOLD

“I tell people to put 10% to 15% of your money in gold,” “You shouldn’t have all your money in gold; just have some. Most people don’t have any,” “The last couple of years are based on a very misguided sense of what’s going on. What has driven the strength of the U.S. market is the false belief that the Fed has saved the U.S. economy,” - in marketwatch

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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