Who is Peter Schiff? Everything You Need to Know

Quick Facts

Also Known As: Peter David Schiff

Age: 61 Years, 61 Year Old Males

Family:

Spouse/Ex-: Lauren Schiff

American Men

U.S. State: Connecticut

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1

What is Peter Schiff's stance on the economy?

Peter Schiff is a prominent economist and financial commentator known for his views on free market economics, limited government intervention, and the importance of sound money policies.
2

What are Peter Schiff's predictions for the stock market?

Peter Schiff is known for his bearish outlook on the stock market and has often warned about potential economic downturns and market crashes.
3

How does Peter Schiff recommend individuals protect their wealth?

Peter Schiff often advises individuals to invest in tangible assets such as gold and silver as a way to hedge against inflation and economic uncertainty.
4

What is Peter Schiff's opinion on government policies and regulations?

Peter Schiff is critical of government intervention in the economy and believes that excessive regulations and stimulus measures can have negative long-term effects on the economy.
5

What are some common criticisms of Peter Schiff's economic theories?

Some critics argue that Peter Schiff's predictions have not always come true and that his views on certain economic issues may be overly pessimistic or extreme.

Childhood & Early Life

Peter David Schiff was born on March 23, 1963 in New Haven, Connecticut, USA into a middle class family. His father, Irwin, was the son of a Jewish immigrant from Poland, who served in the US Army during World War II.

His parents divorced when he was young and he was brought up with his brother by his mother who moved around till they finally settled down in Southern California. He credits his father for introducing him to the Austrian School of economic thought. His father was sentenced to 13 years imprisonment for tax evasion and died in prison in 2015.

Schiff completed his schooling from Beverly Hills High School and went on to do his Bachelor of Science degree, with a double major in Finance and Accounting, from the University of California, Berkeley in 1987.

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Career

Schiff started his financial career as a stockbroker with Shearson Lehman Brothers brokerage in the early 1990s. Within a period of five years, he acquired a sick brokerage firm with a partner and renamed it Euro Pacific Capital. The firm initially operated from a small office in Los Angeles and later relocated to Darien, Connecticut in 2005.

His firm has its current headquarters in Westport, Connecticut and has several branches in Arizona, Florida, California, Los Angeles and New York City. Its investment strategy focuses on long-term wealth savings in the face of a declining US dollar with emphasis on emerging market and commodity focused investments.

He founded the Euro Pacific Bank which operates on a full reserve basis and is licensed in St Vincent and the Grenadines. Euro Pacific Canada Inc is another of his companies based in Toronto which deals in brokerage services and capital market. Euro Pacific Asset Management was also founded by Schiff to manage mutual funds of his clients in the global market with a long term investment perspective.

Peter Schiff had strong views on the US economy and hosted a weekly radio show titled ‘The Wall Street Unspun’ from 2005 to 2010. He later hosted the ‘Peter Schiff Show’ on internet and terrestrial radio from 2010 to 2014 which covered a daily commentary on market activity, current events and economic philosophy. He also frequently appeared on CNBC and Fox News as an expert commentator on the US economy and wrote a number of books.

The Peter Schiff Gold News is a daily magazine that focuses on the prices of precious metals. He also has a regular video blog which reports on the market activity and contains clips of his various appearances.

In 2007, Schiff wrote the book ‘Crash Proof’ in which he said that the US economic policies were unsound. He predicted that the imbalance between the amount of goods consumed and produced by USA would eventually lead to an economic crisis. He advocated increased personal savings and production to stimulate economic growth. In his view low savings were because of high inflation and low interest rates set by the Federal Reserve.

He earned the nickname ‘Dr Doom’ due to his pessimistic views about the US economy and its eminent collapse. However, articles in Business Week and a few other journals conceded that his predictions about the financial crisis of 2007 – 2010 were more or less correct.

Schiff was an economic advisor to the Libertarian Party nominee, Ron Paul, for his 2008 presidential campaign. In his campaign he advocated savings and production as against the current policy of borrowing and consuming.

In September 2009 Schiff announced his candidature for the Republican nomination to the 2010 United States Senate elections in Connecticut. He had the support of Ron Paul and Steve Forbes, however, lost to McMohan in the primary round. The seat was finally won by the Democratic Party in the general elections.

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Major Works

His book ‘Cash Proof 2.0 : How to Profit from the Economic Collapse’, 2nd Edition, published in 2009, appeared on the New York Times and Wall Street Journal bestsellers lists.

His other books include ‘The Little Book of Bull Moves in Bear Markets’ (2008), ‘How an Economy Grows and Why it Crashes’ (2010) and ‘The Real Crash : America’s Coming Bankruptcy’ (2012).

Awards & Achievements

Despite being nicknamed ‘Dr Doom’ and making predictions that were not easy for politicians in power to digest, Peter Schiff had the true pulse of the market and made sound investments for his clients. He has been named ‘Man of the Year 2010’ and bestowed with the ‘Hustle Bear Award’.

Personal Life & Legacy

He is married to Lauren Schiff and resides with his family in Puerto Rico. The couple has two children named Spencer and Preston.

In October 2015, he accused the Federal Bureau of Prisons for inhumanly treating his father, which led to his death in prison.

Facts About Peter Schiff

In addition to his work as an economist and financial commentator, Schiff is also a successful author, having written several books on economics and investing.

Schiff is the founder and CEO of Euro Pacific Capital, a full-service, registered broker/dealer specializing in foreign markets and securities.

Despite his sometimes controversial viewpoints, Peter Schiff is known for his passionate advocacy for free market principles and limited government intervention in the economy.

In his spare time, Schiff enjoys spending time with his family and is an avid sailor, often taking to the seas to relax and unwind.

Peter Schiff Biography

You wanted to know

What is Peter Schiff's stance on the economy?

What are Peter Schiff's predictions for the stock market?

How does Peter Schiff recommend individuals protect their wealth?

What is Peter Schiff's opinion on government policies and regulations?

What are some common criticisms of Peter Schiff's economic theories?