The head of Euro Pacific Capital and Euro Pacific Gold Fund (EPGFX) says that our officials want us to believe that inflation is essential for economic welfare. Not so says Peter Schiff, falling prices lead to improved living standards; low price levels were instrumental to the American economic success story of the last two centuries. The short sellers and ETFs are caught on the wrong side of the trade, selling gold they don't own, which they must buy back at higher prices; but with Asian nations accumulating the metals at a record clip and at discounted prices, he asks: "Where will they find the bullion?" Gold will reach parity with the Dow, probably between $5,000-$10,000, but the mining sector represents the best opportunity, with solid P/E valuations, especially as the gold and silver recovery gains momentum. The Fed will continue to print currency and eventually confidence will flail, sending a tidal wave of funds into the precious metals sector.
Retirement Specialist and MillersMoney.com Editor, Dennis Miller insists that gold investors take steps to fund their retirement by adding the other safe haven investment to their portfolios: bonds. He highlights two bond funds, including one high yield fund to improve diversification of assets, the hallmark of investing success. The Fed has run out of QE bullets; eventually a 1929 or 2008 like crisis will unfold, making gold, silver and bonds essential life preservers for every profitable portfolio.
Dennis Miller is the editor of Casey Research's Miller's Money Forever, a monthly investment advisory specifically focused on solutions for income investors, retirees, and near-retirees.
After the crash in 2008, millions of Americans lost up to half of their savings invested in 401(k)s and IRAs–and due to drastically reduced yields on CDs, bonds, and money market accounts, many of them have never managed to bounce back.
The stated mission of Miller and his team of investment analysts is to empower income investors to make sound financial decisions for today and tomorrow, and to build a sizable nest egg that will last throughout their retirement. Miller's strategies include seeking low-risk, high-yield investments that provide a steady stream of income, which is especially critical for those investors who aren't working anymore.
Previous to his investment career, Miller was a consultant to many Fortune 500 companies, training hundreds of executives to effectively communicate the value of their company's products to their customers. An active international lecturer for 40 years, Miller wrote several books on sales and sales management. He was a contributor to the American Management Association and is a former US Marine and a member of the Mensa Society. Early in his career, he was an adjunct professor at Northwestern University.
In America's Broken Promise, he will show you which strategies to employ so that the "third half of your life" can indeed be a golden one.
Peter Schiff President & Chief Global Strategist Peter is one of the few investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts of the mortgage meltdown, credit crunch, and decoupling of commodities, precious metals, and foreign markets from the U.S. dollar, he has become a sought-after economic commentator on a range of investment topics. Peter delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, L.A. Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting a weekly radio show. As an author, he has written four best-selling books, including his latest: " Crash Proof 2.0: How to Profit from the Economic Collapse" and "How an Economy Grows and Why It Crashes".
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