November 3, 2011

Long Term Forecast: The US Dollar Faces A Bigger Blowup Than The Euro

My long-term forecast remains that the US dollar faces a bigger blowup than the euro. The European Union at least has a core of productive economies, while the US economy is a hollow shell kept afloat by its creditors. For the average American, it is simply too risky to try to time getting into and out of the dollar. It is better to put a portion of your portfolio in gold and know that it will keep its value long-term.

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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