Not a Lot Of Upside In Stocks

I don`t think there`s a lot more upside in the stock market. I am not looking for a collapse but what I am looking for is a dollar collapse. Even if the market continues to move higher, it is nominal highs only, it is not real highs adjusted for the loss of purchasing power.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold: Sentiment Still Favors Higher Prices

I still think the sentiment is quite negative on gold. Maybe not as negative as it was but very few people believe in this rally. I hear a lot more people saying that you should short it, if you have profits  you should take them. So I think the sentiment still favors higher gold prices. But the fundamentals have favored higher gold prices all along.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

A Declining Living Standard In America

In order to have the same after tax income as the average guy did in 1947 you would have to earn at least 140,000 dollars a year today. Instead the average non farm worker is getting 43,000 USD a year. So 43,000 dollars a year in 2013 versus 140,000 dollars a year in 1947.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.