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Oh great were all financially doomed……
Stand by for what happens next. Get prepped ladies and gentlemen that includes your finances. Remember TANGIBLES WILL RULE! Have a nice day.
I used to think Peter Schiff was the smartest man in the room. But he has been predicting $5000 gold and complete economic collapse for the last 10 years at least. I listened to him and lost out on huge stock market gains. I could have doubled my net worth if I was heavily in the market all that time. But gold went down, silver collapsed, and the economy just keeps chugging along. As far as Schiff, even a broken clock is right twice a day. I missed a big opportunity listening to him!
Please take any advice from Peter Schiff with a grain of salt.
The epic doom and gloom predictions of Mr Schiff is that of a snake oil salesman.
Harry Dent is in the same class as is Jim Rickards.
The US according to these men should be a 3rd rate nation where people are eating
Grubs to survive.
However, if you buy their book at $19.99 you would be rich. Also you get excellent steak knifes as their free gift,( made that part up)
You get the idea. Anyway gold and silver are niech assets and you still need someone to trade with you.