Peter Shiff and investment strategies

[cashflow]

Someone recently posted a link to a you tube of this guys speech to a bunch of brokers in ’06…he definitely was right on.

I’m curious as to what you all think of this guy and his very bearish sentiment?!?

Does anyone invest through his firm Euro Pacific Capital?

Just curious as to if his investment strategies have ‘paid’ off for any Piggs on here….

His website sums up his strategy. Still is stating that they are investing in foreign markets, Gold (which I remember some on here already have cashed in as it reached an all time high), and Commodity indexes….what do you think?

As we have debated before, I’d love to hear some viewpoints on where we see the not so almighty dollar going (is the drop in the dollar just getting started or will this level off)?

Just trying to get some econ/finance discussions going….

[jficquette]

Good topic. Just trying to get it to stay on top.

[jficquette]

Good topic. Just trying to get it to stay on top.

[jficquette]

Good topic. Just trying to get it to stay on top.

[jficquette]

Good topic. Just trying to get it to stay on top.

[jficquette]

Good topic. Just trying to get it to stay on top.

[Anonymous]

I recently stumbled upon Schiff’s book last December and decided to invest w/his company to diversify a little. I wanted to tap into the over seas market. The minimum investment they would like is $5000.00. I started investing in March. They take a 2% fee off the top and that is it. No more fees/no commissions. So I bought 5 equities to start out with. They invest long in silver, gold, and several high dividend yielding stocks. I am only up $1000.00 approx. since March. It fluctuates quite a bit, but i’m thinking everyone follows the U.S. market. I don’t know if that’s good or bad since I’m a newbie. They try to invest in solid markets overseas, not emerging markets. Places where the economy and currency is somewhat stable. This is what I was told anyway. He has been right on w/his strategies on the housing market, but I fear the bull market in metals may be over for the time being. If anyone has any ideas if I should keep investing, please tell me.

[Anonymous]

I recently stumbled upon Schiff’s book last December and decided to invest w/his company to diversify a little. I wanted to tap into the over seas market. The minimum investment they would like is $5000.00. I started investing in March. They take a 2% fee off the top and that is it. No more fees/no commissions. So I bought 5 equities to start out with. They invest long in silver, gold, and several high dividend yielding stocks. I am only up $1000.00 approx. since March. It fluctuates quite a bit, but i’m thinking everyone follows the U.S. market. I don’t know if that’s good or bad since I’m a newbie. They try to invest in solid markets overseas, not emerging markets. Places where the economy and currency is somewhat stable. This is what I was told anyway. He has been right on w/his strategies on the housing market, but I fear the bull market in metals may be over for the time being. If anyone has any ideas if I should keep investing, please tell me.

[Anonymous]

I recently stumbled upon Schiff’s book last December and decided to invest w/his company to diversify a little. I wanted to tap into the over seas market. The minimum investment they would like is $5000.00. I started investing in March. They take a 2% fee off the top and that is it. No more fees/no commissions. So I bought 5 equities to start out with. They invest long in silver, gold, and several high dividend yielding stocks. I am only up $1000.00 approx. since March. It fluctuates quite a bit, but i’m thinking everyone follows the U.S. market. I don’t know if that’s good or bad since I’m a newbie. They try to invest in solid markets overseas, not emerging markets. Places where the economy and currency is somewhat stable. This is what I was told anyway. He has been right on w/his strategies on the housing market, but I fear the bull market in metals may be over for the time being. If anyone has any ideas if I should keep investing, please tell me.

[Anonymous]

I recently stumbled upon Schiff’s book last December and decided to invest w/his company to diversify a little. I wanted to tap into the over seas market. The minimum investment they would like is $5000.00. I started investing in March. They take a 2% fee off the top and that is it. No more fees/no commissions. So I bought 5 equities to start out with. They invest long in silver, gold, and several high dividend yielding stocks. I am only up $1000.00 approx. since March. It fluctuates quite a bit, but i’m thinking everyone follows the U.S. market. I don’t know if that’s good or bad since I’m a newbie. They try to invest in solid markets overseas, not emerging markets. Places where the economy and currency is somewhat stable. This is what I was told anyway. He has been right on w/his strategies on the housing market, but I fear the bull market in metals may be over for the time being. If anyone has any ideas if I should keep investing, please tell me.

[Anonymous]

I recently stumbled upon Schiff’s book last December and decided to invest w/his company to diversify a little. I wanted to tap into the over seas market. The minimum investment they would like is $5000.00. I started investing in March. They take a 2% fee off the top and that is it. No more fees/no commissions. So I bought 5 equities to start out with. They invest long in silver, gold, and several high dividend yielding stocks. I am only up $1000.00 approx. since March. It fluctuates quite a bit, but i’m thinking everyone follows the U.S. market. I don’t know if that’s good or bad since I’m a newbie. They try to invest in solid markets overseas, not emerging markets. Places where the economy and currency is somewhat stable. This is what I was told anyway. He has been right on w/his strategies on the housing market, but I fear the bull market in metals may be over for the time being. If anyone has any ideas if I should keep investing, please tell me.

[underdose]

I’ll answer your questions in order:

Do I invest with Europac? Yes, a fraction of my overall portfolio.

Has it paid off? Well, yes and no, but to be fair I’ve only been with them for less than a year. As another poster said, their focus is high yielding foreign stocks. I have received great dividend yields, amplified by the decline of the dollar. That has paid off, and frankly, that’s what investing used to mean (receiving a revenue stream more so than hoping for magical appreciation). However, the value of the portfolio is off some, although less than the S&P. I think that is mostly because of short term shocks to all stock markets from the US faltering, so although it makes me squirm, I’m pretty confident for the long term. So far, my experience with Europac has been pleasant, but they are very specialized to just focus on foreign stocks. We didn’t do much work on overall portfolio allocation. It looks like Rich’s firm Pacific Capital has similar strategies and looks at more of the big picture, but I have not worked with them so I can not vouch for them.

What do I think of his investment strategies, and the future of the dollar? I think they are good strategies because I agree the dollar has further south to go, but I personally feel more confident in useful commodities than foreign currencies or gold. I don’t really trust any central banks. Other banks in the world may debase their own currencies to try to prop up the dollar, in which case the exchange rate gain on foreign stocks may not be the best play. In that case useful things like food and industrial metals, things with intrinsic value, will have to rise further to reflect the loss in purchase power of paper money. Gold will likely go up too, but it strikes me as being almost as arbitrary as paper money. It is valuable because people declare it so. It’s really anyone’s guess what will happen there, where the biggest winners will be.

I think my answer “further south” to your viewpoints on the dollar question warrants a “yeah, back that up”. Bernanke has the federal funds rate at 2%. Last month the CPI rose by more than 1% in the single month. If that pace continues anualized we’re in double digit inflation, putting the real interest rate on federal funds at about -10% or lower. Basically he is paying banks to expand the money supply. The bailout of Fannie Mae and Freddie Mac will also require expanding the money supply. All in all, more dollars in circulation means they have weaker purchase power. Weaker purchase power means a decline in any measure of its value, whether other currencies, gold, or raw materials. That’s my take on it.

[underdose]

I’ll answer your questions in order:

Do I invest with Europac? Yes, a fraction of my overall portfolio.

Has it paid off? Well, yes and no, but to be fair I’ve only been with them for less than a year. As another poster said, their focus is high yielding foreign stocks. I have received great dividend yields, amplified by the decline of the dollar. That has paid off, and frankly, that’s what investing used to mean (receiving a revenue stream more so than hoping for magical appreciation). However, the value of the portfolio is off some, although less than the S&P. I think that is mostly because of short term shocks to all stock markets from the US faltering, so although it makes me squirm, I’m pretty confident for the long term. So far, my experience with Europac has been pleasant, but they are very specialized to just focus on foreign stocks. We didn’t do much work on overall portfolio allocation. It looks like Rich’s firm Pacific Capital has similar strategies and looks at more of the big picture, but I have not worked with them so I can not vouch for them.

What do I think of his investment strategies, and the future of the dollar? I think they are good strategies because I agree the dollar has further south to go, but I personally feel more confident in useful commodities than foreign currencies or gold. I don’t really trust any central banks. Other banks in the world may debase their own currencies to try to prop up the dollar, in which case the exchange rate gain on foreign stocks may not be the best play. In that case useful things like food and industrial metals, things with intrinsic value, will have to rise further to reflect the loss in purchase power of paper money. Gold will likely go up too, but it strikes me as being almost as arbitrary as paper money. It is valuable because people declare it so. It’s really anyone’s guess what will happen there, where the biggest winners will be.

I think my answer “further south” to your viewpoints on the dollar question warrants a “yeah, back that up”. Bernanke has the federal funds rate at 2%. Last month the CPI rose by more than 1% in the single month. If that pace continues anualized we’re in double digit inflation, putting the real interest rate on federal funds at about -10% or lower. Basically he is paying banks to expand the money supply. The bailout of Fannie Mae and Freddie Mac will also require expanding the money supply. All in all, more dollars in circulation means they have weaker purchase power. Weaker purchase power means a decline in any measure of its value, whether other currencies, gold, or raw materials. That’s my take on it.

[underdose]

I’ll answer your questions in order:

Do I invest with Europac? Yes, a fraction of my overall portfolio.

Has it paid off? Well, yes and no, but to be fair I’ve only been with them for less than a year. As another poster said, their focus is high yielding foreign stocks. I have received great dividend yields, amplified by the decline of the dollar. That has paid off, and frankly, that’s what investing used to mean (receiving a revenue stream more so than hoping for magical appreciation). However, the value of the portfolio is off some, although less than the S&P. I think that is mostly because of short term shocks to all stock markets from the US faltering, so although it makes me squirm, I’m pretty confident for the long term. So far, my experience with Europac has been pleasant, but they are very specialized to just focus on foreign stocks. We didn’t do much work on overall portfolio allocation. It looks like Rich’s firm Pacific Capital has similar strategies and looks at more of the big picture, but I have not worked with them so I can not vouch for them.

What do I think of his investment strategies, and the future of the dollar? I think they are good strategies because I agree the dollar has further south to go, but I personally feel more confident in useful commodities than foreign currencies or gold. I don’t really trust any central banks. Other banks in the world may debase their own currencies to try to prop up the dollar, in which case the exchange rate gain on foreign stocks may not be the best play. In that case useful things like food and industrial metals, things with intrinsic value, will have to rise further to reflect the loss in purchase power of paper money. Gold will likely go up too, but it strikes me as being almost as arbitrary as paper money. It is valuable because people declare it so. It’s really anyone’s guess what will happen there, where the biggest winners will be.

I think my answer “further south” to your viewpoints on the dollar question warrants a “yeah, back that up”. Bernanke has the federal funds rate at 2%. Last month the CPI rose by more than 1% in the single month. If that pace continues anualized we’re in double digit inflation, putting the real interest rate on federal funds at about -10% or lower. Basically he is paying banks to expand the money supply. The bailout of Fannie Mae and Freddie Mac will also require expanding the money supply. All in all, more dollars in circulation means they have weaker purchase power. Weaker purchase power means a decline in any measure of its value, whether other currencies, gold, or raw materials. That’s my take on it.

[underdose]

I’ll answer your questions in order:

Do I invest with Europac? Yes, a fraction of my overall portfolio.

Has it paid off? Well, yes and no, but to be fair I’ve only been with them for less than a year. As another poster said, their focus is high yielding foreign stocks. I have received great dividend yields, amplified by the decline of the dollar. That has paid off, and frankly, that’s what investing used to mean (receiving a revenue stream more so than hoping for magical appreciation). However, the value of the portfolio is off some, although less than the S&P. I think that is mostly because of short term shocks to all stock markets from the US faltering, so although it makes me squirm, I’m pretty confident for the long term. So far, my experience with Europac has been pleasant, but they are very specialized to just focus on foreign stocks. We didn’t do much work on overall portfolio allocation. It looks like Rich’s firm Pacific Capital has similar strategies and looks at more of the big picture, but I have not worked with them so I can not vouch for them.

What do I think of his investment strategies, and the future of the dollar? I think they are good strategies because I agree the dollar has further south to go, but I personally feel more confident in useful commodities than foreign currencies or gold. I don’t really trust any central banks. Other banks in the world may debase their own currencies to try to prop up the dollar, in which case the exchange rate gain on foreign stocks may not be the best play. In that case useful things like food and industrial metals, things with intrinsic value, will have to rise further to reflect the loss in purchase power of paper money. Gold will likely go up too, but it strikes me as being almost as arbitrary as paper money. It is valuable because people declare it so. It’s really anyone’s guess what will happen there, where the biggest winners will be.

I think my answer “further south” to your viewpoints on the dollar question warrants a “yeah, back that up”. Bernanke has the federal funds rate at 2%. Last month the CPI rose by more than 1% in the single month. If that pace continues anualized we’re in double digit inflation, putting the real interest rate on federal funds at about -10% or lower. Basically he is paying banks to expand the money supply. The bailout of Fannie Mae and Freddie Mac will also require expanding the money supply. All in all, more dollars in circulation means they have weaker purchase power. Weaker purchase power means a decline in any measure of its value, whether other currencies, gold, or raw materials. That’s my take on it.

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