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December 14, 2009

Schiff On CNBC`s Fast Money

Schiff talks about the chinese stock market and its potential. He is looking for pure plays on China and on Asia.

Schiff on the US stock market:

"I own some of these names (Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), US Steel (X)) but the valuations are higher in the US (compared to China and Asia) and I am very afraid of the Obama Administration and Congress and what kind of punitive taxes and regulations might come on these companies"

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.
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