In Part 2 of this interview with Peter Schiff, Jay gets Peter’s game-plan for building wealth during an inflationary period (beyond just gold), his thoughts on real estate markets, why the economy has not crashed, and how crypto millionaires have taken over Peter’s neighborhood.
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Peter Schiff
President | EuroPacific Capital
Host | The Peter Schiff Show
About Peter Schiff
Peter Schiff is an honorary chairman of SchiffGold, founder of Euro Pacific Asset Management, and host of The Peter Schiff Show. Peter is an economic forecaster and investment advisor influenced by the free-market Austrian School of economics. He is one of the few forecasters who accurately and publicly predicted the 2007 housing market collapse and subsequent 2008 financial crisis. His latest best-selling book, The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country, warns that the 2008 crisis was just the prelude to a larger sovereign debt crisis in the United States that may lead to a collapse of the US dollar. Peter recommends long-term investment in foreign markets with sound fiscal policies, as well as global commodities including buying gold, silver and other physical precious metals.
Background
Peter Schiff’s investment career began with Shearson Lehman Brothers in the early 1990s. In 1996, he and a partner started Euro Pacific Capital in Los Angeles, later moving the headquarters to Connecticut. The firm has since expanded, with offices in Scottsdale, Arizona, Boca Raton, Florida, Newport Beach, California, Los Angeles and New York City. Euro Pacific Capital’s investment strategy focuses on long-term wealth savings in the face of a declining US dollar with an emphasis on emerging market and commodity-focused investments.
Peter’s expertise on money, economic theory, and international investing makes him a highly sought after as a speaker and analyst. He has been quoted and interviewed hundreds of times by media outlets around the world, including The Wall Street Journal, Barron’s, Die Zeit, Tokyo Shinbun, South China Morning Post, Investor’s Business Daily, The Financial Times, The New York Times, The Los Angeles Times, and The Washington Post. He regularly appears on CNBC, CNN, CBC, Al Jazeera, Fox News, and Fox Business Network.
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Timestamps
0:00 Intro
1:15 Will Real Estate Continue to Appreciate?
6:03 Crypt Millionaires in Puerto Rico
8:43 Best Investments in an Inflationary Environment
13:57 Why the Economy Has NOT Crashed
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LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Peter Schiff, a well-known economist, financial commentator, and CEO of Euro Pacific Capital, has recently revealed his game plan for investing during inflation. In a recent interview, Schiff shared his insights on how to protect and grow wealth in an environment of increasing prices.
Schiff has been known for his accurate predictions about economic events, including the 2008 financial crisis. He believes that the rise in inflation is inevitable, given the excessive money printing and stimulus measures implemented by governments and central banks in response to the COVID-19 pandemic.
According to Schiff, investing during inflation requires a different approach than what most people are used to. He advises against holding cash or relying on traditional investment vehicles such as stocks and bonds. Instead, he suggests allocating a significant portion of one’s portfolio to hard assets like real estate, commodities, and precious metals.
Real estate has long been considered a hedge against inflation. As the cost of goods and services increases, so does the value of properties. Schiff suggests investing in income-generating real estate, such as rental properties, to benefit from both capital appreciation and rental income.
Commodities, particularly those that are essential and have finite supply, are also an attractive investment during inflation. Schiff recommends investing in commodities like gold, silver, oil, and agriculture. These assets tend to hold their value during times of inflation because they are tangible and can be stored. Additionally, as inflation erodes the value of paper currency, the demand for commodities as a medium of exchange tends to increase.
One of Schiff’s favorite investments during inflation is precious metals, particularly gold and silver. He believes that these assets have stood the test of time as a store of value. In times of inflation, gold and silver tend to outperform other investments, making them a safe haven for investors. Schiff advises acquiring physical gold and silver coins or bars rather than investing in exchange-traded funds (ETFs), as the latter may not be backed by physical metal.
In addition to hard assets, Schiff suggests diversifying one’s portfolio geographically. He recommends investing in foreign stocks and currencies to protect against the potential depreciation of the domestic currency. By investing in countries with sound economic fundamentals and stronger currencies, investors can reduce the risk associated with their home country’s inflation.
Furthermore, Schiff recommends staying away from debt and reducing exposure to financial assets that are vulnerable to inflation, such as long-term bonds and fixed-income products. He believes that inflation erodes the purchasing power of interest income, making these investments less attractive.
Overall, Peter Schiff’s game plan for investing during inflation revolves around the idea of preserving wealth by allocating capital to hard assets that historically hold their value during times of rising prices. While his approach may differ from conventional wisdom, Schiff’s track record and insights should not be overlooked. As inflation concerns continue to grow, implementing strategies to protect and grow wealth becomes paramount for investors.
Peter Schiff’s Inflation-Proof Game Plan for Investing: Insights from Peter Schiff (Part 2) appeared first on Inflation Protection.
