Schiff loves gold, and that might be an understatement. He has pushed investors to pump gold for years. His motive has been questioned numerous times, and potentially for good reason. Some suggest that his gold predictions are just plain wrong and that he maintains “blind consistency,” which can be a red flag.
Following any one investor like scripture is bound to be troublesome, and Schiff isn’t exempt from the equation. Being glued to gold has gotten some investors in trouble, especially considering the fact that stocks have historically outperformed gold by about 300 percent in the long term. In the short term, gold can be more lucrative, but timing is everything—and Schiff’s predictions haven’t always been correct.
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