Bullish On Energy Investing

I am a big believer in energy investing and we own a lot of oil companies around the world and we are actually investing privately here in the United States.

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

Markets: I Think They Have Already Peaked

The bubbles are already there, the only question is are they going to get any bigger or are they already in the process of deflating? I believe that if the Federal Reserve continues tapering they are already deflating. I do not think it is going to be like in 2004 to 2006 where the markets kept going higher while the Federal Reserve was raising interest rates very slowly.

I think that if the Federal Reserve continues on this taper path and if the Fed raises interest rates I think the markets are just going down. I think they have already peaked.

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

Crude Oil Is Going to 150-200 Dollars

I think you are going to see 150 to 200 dollars oil, maybe even this year. Certainly by 2015, 2016. I think that if we successfully alienate  Russia and we see more Russian oil going to China, meaning that Europe and the U.S. will become even more reliant on the unstable supplies coming out of the middle east as we drive all this Russian oil into China.

Russia is the biggest oil exporter. They export more oil than Saudi Arabia. Prices are going to go even higher for us and so domestic oil in the U.S. is going to be a lot more valuable.

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