Investors took a beating in August, even those who bought Peter Schiff stock picks. Everyone is wondering if September is going to be better. Peter Schiff, the author of the Little Book of Bull Moves in Bear Markets, appeared on Fox Business News to discuss.
The bears have been getting beaten up for 11 years now. Then the DOW was worth 43 ounces of gold, now it is barely worth 7. If we get more quantitative easing, it is bad for the economy and bad for stocks. But the value of US stocks will continue to fall, especially if measured in other currencies like the Swiss Franc, the market has nowhere to go but down. To get the most out of their Peter Schiff stock picks, people need to protect themselves from Obama and inflation, and they aren’t going to find that in equities.
If you’ve got a longer time horizon, Peter Schiff stock picks like IBM would be better than dollars. But those aren’t the only two choices. There are stocks outside the US with better yields and dividends that don’t have to deal with Obama and Bernanke. The real threats are massive money printing and inflation. The economy is not going to recover unless the government does the opposite of what it is doing.
Peter Schiff is about to launch the first ever gold-backed MasterCard. Soon people, will be able to go into the supermarket and purchase their groceries with gold.
It is no picnic in Europe, but there is a whole world out there besides the United States and Europe. But look at Sweden and Switzerland and Australia and Singapore and Hong Kong. There are plenty of places to find great Peter Schiff stock picks.
It is no coincidence that the industries dominated by unions are disappearing. They are destroying their companies, and they are anti-American and anti-free markets. They have particularly been bad for investors.
In Michigan, bar owners have banned lawmakers from coming into their bars because they banned smoking. This is a great concept. Let’s ban politicians from the entire country.
You shouldn’t touch these new companies like Groupon. Their traffic last week was down 50% from their high in the first week of June. This is just the new fad. The valuations are nosebleed. You shouldn’t touch any of these social media stocks. They are certainly not on the approved list of Peter Schiff stock picks. All of the businesses that advertise on Groupon are losing money. How long can Internet companies stay in business when they aren’t making their clients money? Give it a few years to let things sort out.