Monday, August 22, 2011

Peter Schiff on Ron Paul betting on Gold

Peter Schiff : there was an article on Barron's on the fact that Ron Paul was buying a lot of Gold talking about Ron Paul's portfolio being a major bet against the US economy , which in fact I guess it is but it really does not point out that it was a winning bet , betting against the US economy has been much more profitable than betting on the US economy and rather than giving Ron Paul credit for having bet correctly the idea is well he is unpatriotic for betting against America ...


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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.