Investing With Peter Schiff

Good idea. Give Peter's company the account, listen to their advice but at the end of the day MAKE YOUR OWN DECISIONS!

I work for a company similar to Euro Pac, and there is nothing I dislike more than when people listen to us like we are Jesus or something. Seriously people, it's YOUR money at stake! At least give your money the respect that it deserves and do a little analysis of your own. We welcome people to follow our advice but at least show a little enthusiasm and research what we are saying. I personally love to be challenged.

P.S. - If Euro Pac makes you a little money, call them up and say "good job!" This is a rare event in my industry. People will pick up the phone if their account is down a few points but it will snow in July before someone calls us to say, "Great job, man!"

I recently helped some family members move their IRAs there too.

It took a while (over a month) for one of the IRAs to make its way there into a rollover account, because there was a lot of confusion on the part of the sending firm, which had to liquidate a variable annuity stuffed with toxic investments (I knew this was the case after finding the annuity's prospectus online - I was horrified.)

When your funds finally arrive there, be sure to take your time deciding how you want those funds allocated. The nature of the firm makes it more difficult to achieve the kind of diversification that most people are used to with their 401ks and IRAs (because those are typically filled with diversified mutual funds and bond funds). Just please diversify!!! Or the volatility will keep you awake at night. The more money you've got to work with, the easier it is to diversify.

Precious metals, Agriculture, and Energy were sectors and asset classes I made sure my family members were invested in. I listened to the broker's multiple recommendations for each sector and tried to diversify as much as possible, while at the same time trying to achieve a good yield for the overall portfolio. A lot of their recommendations may offer attractive yields (between 7-13%). You may receive different recommendations than we did because there may be different companies that are "on-sale" at this point in time compared to when we jumped in.

After listening to some broker recommendations and finally deciding on how the portfolios should look, it came out to something like this:

Precious Metals / Miners (15-25%)
Agriculture (15-20%)
Energy / Utilities / Refiners (20-35%)
Foreign Real Estate (5-15%)
Infrastructure (5-10%)
Technology (5-10%)
Various other Fixed Income (5-10%)
Miscellaneous (5-10%)

Also, when doing research on some of the foreign companies the brokers recommend, it may be more difficult to find up-to-date quotes, charts, and news using sites like Yahoo Finance - so depending on how much homework you like to do, it may take a while to understand what you're investing in.

One more thing (and something we didn't do), it may work to your advantage to average in to these positions over the course of a month or two (although holding dollars over that period makes me cringe). 50% now, 50% later...or maybe 33%, 33%, 34% etc....That gives you the opportunity to pounce on new investments that might become more attractive over that period or add to positions you already have at better prices...but remember the currency factor, because all else being equal, you will not be able to grab as many shares of a foreign company (priced in foreign currency) if the dollar weakens against that currency.

But I still think Peter Schiff is right.

The phrase that haunts me is "The market can remain irrational longer than you can remain solvent."

You can be right but still lose it all.

Best holiday wishes to TexaslovesRonPaul and heathnut4freedom and everybody on dailypaul.com!

Mandy Lifeboats

I'll try to find those other threads and see if anyone commented who has their money with EPC. My understanding is that it is possible to be well diversified within EPC's investment choices. I also like their option for owning physical gold rather than the ETF's.

Peter is dead on,,, but failed take in to account the worlds addiction to the dollar. Also the manipulation of gold and the PPT ability to prop up the dollar. But the dollar lookes bad now. The big question I believe, is which economy will be least effected by the dollars downfall . Jim Rogers and Peter Think the Swiss franc or the Japaness Yen are best. If Peter can put you in cash in the yen untill you feel the worst is over, then move where he thinks best Yea good idea. But to be in the stock market right now I do not think so . That's the 6 million dollar question is it over ,,,,,I dont think so. I even think the government may try to take money from investors claiming they have ill gotten gains in these ponzi deals .

If you look through the threads from the past year, you'll find this question addressed a few times. Some feel burned and some seem happy to have his firm's advice. I suggest diversifying. Make another choice for half your investment money as a hedge.