You are going to lose wealth in U. S. stocks. My advice is to avoid them if at all possible.
More Quotes from Peter Schiff:
What America has succeeded in creating is not an economy impervious to shocks, but merely one which enables their consequences to be postponed to a later date.Peter Schiff
What will most likely occur is a long overdue loss of confidence in financial assets in general, particularly those denominated in U.S. dollars.
Peter Schiff
Perhaps this borrowing to create cash flow ... The personal 'savings' rate has fallen to a new all time record low of minus 6. Rather than curtailing consumption, Americans have merely responded to higher gas prices by borrowing more money. Therefore, the immediate damage isn't reduced consumption by increased debt. As a result, the actual damage is only being postponed, but with even greater consequences for future consumption, as not only will Americans be required to pay more for energy tomorrow, they will have to pay interest and principal associated with today's purchases as well. What America has succeeded in creating is not an economy impervious to 'shocks,' but merely one which enables their consequences to be postponed to a later date. Unfortunately, that date may have finally arrived.
Peter Schiff
The strength in gold is revealing the general weakness in the dollar.
Peter Schiff
Gold is not overvalued at 500, and gold will not be overvalued at 1,500 or 2,000. The real money is buying gold and putting it away.
Peter Schiff
It's up to the legislature to determine whether marriage should be extended to same-sex marriage,
Peter Schiff
Readers Who Like This Quotation Also Like:
Based on Topics: Advices QuotesI think climbing is less a sport and more a hobby, and as such, I think everybody's a beginning climber.
Alex Lowe
I never consciously said, 'I want to be an actor.' It sounds stupid, but it's kind of like being a painter or something. You don't say, 'From today on I'm going to be a painter.' It's not something conscious - you've just been painting pictures all your life.
Franka Potente