The U.S. Dollar Bubble Has Burst

The U.S. Dollar bubble has burst and I think this is the biggest dollar bubble I have ever seen. I think there is more air that is going to come out of it. The last U.S. Dollar bubble popped in 2001 and that one had inflated along the dot com bubble. The Dollar Index got to about 120 and by the time it bottomed out in 2008 the Dollar index was almost at 70.

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

International Investing Doing Very Well

If you are invested internationally you had a great quarter. This is probably the best quarter since any quarter that I can remember since 2009 to be invested internationally. Because the weakness in the Dollar was a big tailwind. I think emerging markets had their best quarter in 4 years, the stocks were very strong. (iShares MSCI Emerging Markets Index ETF (EEM))

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: Best Quarter In Over 30 Year!

Gold had its best quarter in better than 30 years! Gold was up more than 16 percent in the first quarter. Imagine being short that especially with the amount of leverage hedge funds use. This was the first time ever that the hedge funds were net short, they ended last year net short gold! (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX))

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