April 8, 2009

Dollar Will Continue to Drop

I think the dollar will continue to drop. Based on what we've done, it could lose 70 to 80 percent of its value over the next five to 10 years.

The dollar is no longer as good as gold. It's no longer better than any other currency.

(in Forbes Magazine, April 2009)

Peter Schiff is the President and Chief Global Strategist of Euro Pacific Capital. As a result of his accurate forecasts on the U.S. stock market, economy, real estate, the mortgage meltdown, credit crunch, subprime debacle, commodities, gold and the dollar, he is becoming increasingly more renowned.

He has been quoted in many financial TV channels like CNBC, CNN, Fox News, Fox Business Network, and Bloomberg T.V.. In Peter Schiff`s blog you can track all his investment and trading ideas for 2009 as well as all his public appearances on TV, video or in the press.