Wednesday, January 28, 2015

Get out of Dollar and buy Gold, Silver for long term

There’s no way to protect yourself really from the volatility, because, you know, you gotta be – the volatility’s here, but you know, long term, if you understand what’s gonna happen, then what – it’s pretty easy – what to do, and that’s get out of, you know, dollars, and own gold and silver, and own equity stocks in countries that have much sounder economies, you know, structurally sound economies underlying, you know, their markets and, you know, buy a lot of value. You can’t just buy a lot of hyped-up assets that have been propped up by cheap money and the bubble.

So you have to be in the right asset classes, be in the right currencies, be in the right countries, and I think, in the long run, you know, you’ll come out on top but it’s kinda difficult for a lot of people to do because, in the short run, you know, it’s the – you know, the people that are getting it wrong, that have been having their investment strategy validated by price auction because, you know, they have a lot of company. The cloud has got it wrong. There’s not many people in the scheme of things that actually understand what’s going to happen or, you know, if they do, they’re certainly not, you know, investing for that end game. They’re trying to – you know, they’re trying to finesse this and they’re trying to, you know, dance while the music’s playing, but they’re hoping that by the time it stops, they’ll have a safe seat somewhere.


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

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