Peter Schiff is either loved or laughed at. While his supporters view him as a savant and hero who predicted the stock market crash and housing crisis of 2008, his critics write him off as a “doomsday” conspiracy theorist who will have you stockpiling gold bouillon while you wait for the economy to collapse.
Whether you agree with his theories or not, you can’t deny that he has made a windfall as a TV personality, author, podcast host, chairman of precious metals dealer SchiffGold, and CEO and chief global strategist of Euro Pacific Capital.
His strategy stems from the free-market Austrian School of economics. This theory posits that investors will be repeatedly fooled (by temporarily low-interest rates) to make unprofitable investment decisions.