Aug 19, 2021
Peter Schiff is an honorary chairman of SchiffGold, founder of
Euro Pacific Asset Management, and host of The Peter Schiff Show.
He is an economic forecaster & investment advisor influenced by
the free-market Austrian School of economics. His best-selling
book, "The Real Crash, "warns that the 2008 financial crisis was
just the prelude to a larger sovereign debt crisis that may lead to
a collapse of the US dollar.
In this interview, Peter shares his insights on gold, Bitcoin,
and the state of our fragile economy.
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Full bio via SchiffGold.com:
Background
Peter Schiff’s investment career began with Shearson Lehman
Brothers in the early 1990s. In 1996, he and a partner started Euro
Pacific Capital in Los Angeles, later moving the headquarters to
Connecticut. The firm has since expanded, with offices in
Scottsdale, Arizona, Boca Raton, Florida, Newport Beach,
California, Los Angeles and New York City. Euro Pacific Capital’s
investment strategy focuses on long-term wealth savings in the face
of a declining US dollar with an emphasis on emerging market and
commodity-focused investments.
Peter is best known for accurately forecasting the 2008
financial crisis. During a Fox News debate in December 2006, Schiff said, “What’s going
to happen in 2007 is that real estate prices are going to come
crashing back down to Earth.” Business news journals reported that
Schiff accurately predicted the crisis, while “nearly all
[macroeconomists] failed to foresee the recession despite plenty of
warning signs.”
Peter has also worked in the political arena, first serving as
an economic advisor for Ron Paul’s 2008 presidential campaign and
later running for United States Senate in Connecticut in 2010 as a
Republican. Politically, he leans Libertarian, with an emphasis on
fiscal conservatism.
Peter started SchiffGold in 2010 after recommending for decades
that investors allocate 10-20% of their portfolios to physical
precious metals. Peter became concerned that some of his Euro
Pacific Capital clients were being misled into purchasing
overpriced “numismatic” gold and silver products from gold dealers
with unsavory business practices. Peter started SchiffGold to
provide a trustworthy alternative that would sell only the most
liquid physical bullion products at the lowest possible prices.
SchiffGold is backed by Peter Schiff’s Guarantee that it will
only sell the most liquid physical bullion products at the lowest
possible prices.
Peter’s expertise on money, economic theory, and international
investing makes him a highly sought after as a speaker and analyst.
He has been quoted and interviewed hundreds of times by media
outlets around the world, including The Wall Street Journal,
Barron’s, Die Zeit, Tokyo Shinbun, South China Morning Post,
Investor’s Business Daily, The Financial Times, The New York Times,
The Los Angeles Times, and The Washington Post. He regularly
appears on CNBC, CNN, CBC, Al Jazeera, Fox News, and Fox Business
Network.
Peter Schiff’s Companies
- Euro Pacific Asset
Management – Founded in 2009, and headquartered in
Dorado, Puerto Rico, Euro Pacific Asset Management is a SEC
registered investment advisory firm. It specializes in foreign
markets and utilizes a traditional value oriented investment
strategy in keeping with Peter Schiff’s investment strategy.
Euro Pacific manages in excess of $1 billion in a combination of
separately managed accounts and a family of proprietary mutual
funds. These actively managed strategies provide investors with a
long-term focus unique exposure to a variety of global
markets.
- Euro Pacific Bank Ltd. – This
offshore, international bank provides private investment services
to non-US citizens. It is headquartered in San Juan, Puerto
Rico.
Peter Schiff’s Books
Crash Proof: How to
Profit From the Coming Economic
Collapse (2007) – Peter’s first bestselling
book predicted in detail the causes and fallout of what would
become the 2008 financial crisis. He provides a long-term
investment strategy that focuses on foreign markets and hard
assets to protect one’s wealth during years of economic
uncertainty.
How an Economy Grows and
Why it Crashes (2010; Updated 2013) –
Reimagining a classic economic parable written by their
father, Peter and his brother Andrew Schiff use cartoon
illustrations and humor to explain the healthy fundamentals of a
free market economy. The Collector’s Edition released in 2013
features new color illustrations and updated content explaining
recent economic developments such as quantitative easing and the
European debt crisis.
The Real Crash: America’s
Coming Bankruptcy—How to Save Yourself and Your
Country (2012) – Peter’s latest bestseller
explains why Peter believes the 2008 financial crisis was
merely the prelude to a much larger crash to come. Paired with
Washington’s inability to address its sovereign debt problem, the
Fed’s reckless monetary policies will ultimately trigger a complete
collapse of the US dollar as the world’s reserve currency.
Peter Schiff’s Media
Peter is a regular guest on national and international financial
media, including CNBC, Fox Business, BBC, Bloomberg Asia, and BNN.
His economic commentary has been published in and quoted by The
Wall Street Journal, The New York Times, The Los Angeles Times, The
Financial Times, Barron’s, and Investor’s Business Daily.
From 2005 to 2010, Peter hosted the short-wave radio show
Wall Street Unspun, in which he commented on the latest
financial market news. From 2010 to 2014, he hosted the
nationally-syndicated The Peter Schiff Show, which filled
the 10 AM time slot on the Radio America network starting in 2012.
Peter left terrestrial radio in August 2014, though The Peter
Schiff Show continues in a podcast format.
Peter’s personal media outlets:
- Peter Schiff’s Gold
News – Peter’s daily newsmagazine focused on
the precious metals markets.
- The Schiff
Report – The home of Peter’s regular video
blog on the financial markets, as well as clips from his
recent media appearances. His economic forecasting went
viral following the 2008 financial crisis with the video “Peter
Schiff Was Right”.
- The Peter Schiff
Show – Peter’s podcast featuring his
commentary and analysis of the global financial markets.
Peter Schiff’s Notable Appearances:
- Mortgage Banker’s
Speech – In 2006, Peter delivered a keynote address at
the Western Regional Mortgage Bankers Conference in Las Vegas. He
warned of a housing bubble and explained the basic mechanics of how
a crash would occur. Practically nobody at the time shared Peter’s
viewpoint, and his speech stunned the more than 2,000 mortgage
bankers in attendance. Of course, his prediction proved to be
uncannily accurate, shooting Peter into the national spotlight as a
savvy contrarian economist.
- Peter Schiff Was Right,
2006-2007 Edition – This compilation of Peter’s
mainstream media appearances in the years leading up to the housing
crash and financial crisis became an instant viral hit (with
millions of views spread over many versions of the video). As
financial commentators laughed in his face, Peter calmly predicted
the events of the biggest financial crisis since the Great
Depression. It has become a classic example of irrational
exuberance and willful ignorance on the part of economists and
investment advisors.
- Daily Show Interview with Jon
Stewart – Peter Schiff appeared on the Daily Show in
2009 to explain how he was able to predict the 2008 financial
crisis. This brought Peter’s warnings of the hazards of
irresponsible monetary policy to a much wider American
audience.
- Peter Schiff
Visits Occupy Wall Street – Reason TV followed
Peter Schiff to Manhattan’s Zuccotti Park in 2011, where he
represented the 1% in conversations with Occupy Wall Street
protestors.
- Inflation Propaganda
Exposed – For years, Peter Schiff has railed against
the misleading and often incorrect economic data officially
released by government agencies. In particular, Peter believes
inflation is grossly underestimated. In this popular edition of his
Schiff Report video blog, Peter debunks official inflation measures
with a slew of hard, fundamental facts.