Peter Schiff Recommends Bailing On The Dollar
As I’ve been saying for a while, the US Dollar is headed for a slump. Peter Schiff thinks the dollar could lose 50% of its value.
He’s very pessimistic on the state of the economy and the housing market and recommends buying Gold, which he thinks could hit $2,500/Oz.
He also suggests buying foreign dividend-paying stocks, foreign commercial property stocks, foreign government & corporate bonds and investing in commodities.
Check out this short informative video:
Here’s an interesting link on how to profit from dollar devaluation and inflation.
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Gold Cracks $1000/Oz: Investing For A Recession Based on continuing weakness in the dollar, gold briefly breeched the $1000 level yesterday along with oil hitting an all time high of $111 per barrel. I had a really strong suspicion that we'd see $1000 gold by mid-March. Despite what Bernanke and Paulson said last summer, the housing...... - Peter Schiff: Dollar Is The Next Bubble To Collapse Here's an excellent video starring Peter Schiff. He predicts that the US Dollar will be the next bubble to burst. As a corrollary, I think gold will be the next bubble. The dollar collapse seems unlikely, you say? Well he did predict the collapse of the housing market 4 years......
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