Peter Schiff & Jim Rickards’ 2015 Investment Advice
Kitco asked Peter Schiff how he would invest $100,000 in 2015. He recommends buying gold, mining stocks, and international equities. Peter urges prudent investors to avoid the United States stock market and the US dollar.
I don’t think money should be in dollars, I don’t think it should be in treasuries… I think a lot of inflation is coming and I think the dollar is going to lose a lot of value … [Y]ou need to look at international equities and you need to look at precious metals.”
Jim Rickards shares Peter’s belief that US equities are in a bubble.
Rickards would also allocate a big chunk of his hypothetical $100,000 into physical gold – a whopping 20%. He’s one of a handful of contrarian investors who have recently been recommending large allocations to gold. His reasoning?
Normally, I’d recommend lower maybe 10%, but I like this entry point. I think this is a good place you can maybe pick up a little.”
Read Peter’s Full Interview Here
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