The Big Banks Are Even More Vulnerable Now

The big banks are even more vulnerable now as they are highly leveraged, says Peter Schiff.

Stocks: Bank of America (BAC), J.P. Morgan (JPM), Wells Fargo (WFC), Citigroup (C)

Gold Should Not Be Compared To Stocks

Gold should not be compared to stocks as an investment. Gold is money and it should be compared to fiat currencies. Your savings should be in gold and not in fiat currencies like the U.S. Dollar, the Japanese Yen or the British Pound, says Peter Schiff.

U.S. Stocks Are Very Expensive

U.S. stocks are very expensive right now while gold and gold mining stocks are cheap, says Peter Schiff. (Newmont Mining (NEM), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Barrick Gold (ABX), Goldcorp (GG))