Deflation Is Not Dangerous

Deflation is not dangerous. Falling food prices provide a buffer in a weak economy. Less government and more productivity, not inflation, are the answer.

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

Stocks Are In A Bubble But Can Go Even Higher

I say that stocks are in a bubble, but the bubble is going to continue to inflate. We are not buying the stocks that comprise the bubble.

Most of the stocks that we invest in are abroad, they are mostly value stocks with very low P/E`s and high dividend yields and to the extent that we do invest in the United States, its in the value part of the spectrum.

We are not chasing the momentum. Even though, I acknowledge that these momentum stocks could keep going up. Since I don`t know how to time the market, I don`t know when the bubble is going to burst, I have been telling my clients to avoid these stocks even though I think they are going to go up, avoid them and invest more prudently.

Related stocks: Tesla Motors (TSLA), Facebook (FB), Twitter (TWTR), Netflix (NFLX), Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), Market Vectors Gold Miners ETF (GDX)

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 & Well Established Companies

We don`t just tell people to buy gold. I tell people that they should own gold, they should own some gold, but most of the money that we manage is not in gold, its in equities, its in stocks. So, some of it is in some of the cutting edge type companies, but the majority of it is in older established companies that have been around for 50, 100 years that are providing goods and services that we know are going to be in demand so we can have some assurance in the longevity of the company and on the validity of the dividends that they are able to pay.

Related instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

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