01-30-2009, 05:50 PM
Ive read other things as well, including a very scathing article, albeit from a competitor brokerage.
I will admit that Schiff is very vocal and very hardline about his stances, and that may not equate well to someone's brokerage account with his company. It's generally unwise to drink the Kool-Aid when your money is involved. Schiff may be so over the top in his thinking that he has no "out strategy" for his clients, which is never a good thing. It's all about diversifying.
His biggest mistake was thinking the dollar would collapse and that other countries would be able to weather a poor U.S. economy, which he has been proven wrong on....so far.
I will admit that Schiff is very vocal and very hardline about his stances, and that may not equate well to someone's brokerage account with his company. It's generally unwise to drink the Kool-Aid when your money is involved. Schiff may be so over the top in his thinking that he has no "out strategy" for his clients, which is never a good thing. It's all about diversifying.
His biggest mistake was thinking the dollar would collapse and that other countries would be able to weather a poor U.S. economy, which he has been proven wrong on....so far.