I own Potash Corp./Saskatchewan (POT) and a Norwegian company called Yara International, Peter Schiff reveals. "I think the name of the game is to find out what China is going to buy and buy it first. I expect China will enjoy a higher standard of living and start consuming more. Much more."
"Agriculture stocks and fertilizer names such as those mentioned above feed into the growing China consumer and that’s where I think investors should be."
"And Wal-Mart Stores, Inc. (WMT) is a sell because they won’t be able to import cheap goods from China anymore", adds Schiff.
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.