Peter Schiff is warning about the association called National Inflation Association NIA which was putting up great videos on youtube but according to Peter Schiff they are running a Pump and Dump penny stocks scams . NIA touts penny stock Mega Precious Metals based solely on its "inferred" 1.2 million ounces of gold.
Friday, May 20, 2011
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.