Peter Schiff
Predicted 2008 Crisis - Gold Bug & Austrian Economist
Peter Schiff
Macro & Commodities
Key Stats
Net Worth
$70+ Million
Origin
American
Lifespan
Born 1963 (63 years old)
Biography
Peter Schiff is an economist, financial commentator, and CEO of Euro Pacific Capital. He gained fame for accurately predicting the 2008 financial crisis and is known for his bearish views on the US dollar and bullish stance on gold.
Prescient Predictions
Schiff became famous for his appearances on financial television in 2006-2007 where he predicted the housing bubble and subsequent financial crisis. His warnings were often mocked by other commentators who later proved wrong.
Investment Philosophy
Schiff advocates for Austrian economics and believes in hard assets like gold and foreign stocks over US dollar-denominated assets. He has consistently warned about US debt levels and monetary policy.
Media Presence
Through his podcast, books, and frequent media appearances, Schiff has become one of the most recognized voices in contrarian investing and sound money advocacy.
Trading Philosophy
"The government can't give you anything it doesn't first take from someone else."
Famous Trades
Gold & Foreign Stocks
Positioned clients in gold and foreign assets ahead of the 2008 crisis, protecting against dollar weakness.
Crisis Protection
Outperformed
Legendary Quotes
"The government can't give you anything it doesn't first take from someone else."
"Gold is money. Everything else is credit."
Recommended Reading
Crash Proof
How to profit from the coming economic collapse
The Real Crash
America's coming bankruptcy