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- mohit - Nov 15 2008 | united states, economy, Peter Schiff
Peter Schiff's predictions regarding the collapse have been right on, although his investment strategies have not yet panned out.
Quoted: On October 28th 2008, Schiff stated in an interview on Bloomberg TV that the investment strategies outlined in both books currently "are NOT working" due to the collapse of foreign currencies, foreign stocks and the failure of gold prices to go up significantly as most of the world entered an economic recession and foreign investors flee to cash. Schiff, however, remained optimistic on his theories and stated this was a good opportunity to buy foreign stocks trading at yearly lows.
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