OT Peter Shiff PortfolioIt appears gold was a right call but ..
D ) Peter Schiff Gives Clients The Schaft
from Mish's Global Economic Trend Analysis January 25,2009
https://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html
click on chart for sharper image
(SORRY - does not copy - please go to the orginal article for the portfolio report)
The ( monthly ) statement is from a person who claims to have additional portfolios invested with Schiff over the past 2 years. In total (not just this portfolio), my contact says he invested $70,000 and is now down to $27,000. That is a loss of 61%.
I have talked with another person who claims to be down 72%, and many others who claim 40% or more.
Schiff's entire invest thesis seems to boil down to "Buy and hold foreign stocks, foreign currencies, and commodities, come hell or high water, and hold on to them." Hell has arrived for those following Peter Schiff's philosophy.
Source htpp://www.amprogram.com