Customer Reviews

The Little Book of Bull Moves, Updated and Expanded: How to Keep Your Portfolio Up When the Market Is Up, Down, or Sideways (Little Book, Big Profits)

5 star:		(2)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(4)

 

 

Brief and not much new if you've read his previous books. There are the updates for 2010, confirming he predicted most things. I liked the 50,000 foot view of investment alternatives. The more radical statements near the end were surprising for somebody that had political hopes, but they give you a good feel for how serious he views our economic problems.

I bought the Audible version of this book and have been very impressed.
Schiff gives us all details how the Fed's plays games with manipulating facts and saying all is fine when we are teetering along side a steep cliff.
This book is truly a eye opener and gives great historical facts of past events and how we're doing the same crap all over again.
Sciff also gives great advice for the stock market.
a must read

Gold is not the only investment recommended in this book, but even if it were, gold went up 100+ percent between 2009 and 2011! How is that not better than Treasuries? For one, you've gotta be real dumb to insinuate that Europac Metals is the only source to buy gold from, and two, if you're worried that there is too much gold, then get silver - ~500 mil. oz. available today as opposed to 3.5 bln oz. available 5 years ago.

One more in the endless stream of absolutely worthless books on "investing." This type of book is designed to make money for exactly one person and it's not you or me. Grateful that I got it from my local library and it was worth every cent I paid.

Not too impressed with the fact that the author runs a company that caters to only alternative investing--self promoting book. Comes short in explaining what exactly people are investing (and risking) when they buy a product such as a Commodities Indexed ETF or ETN. Investing in commodities (like gold) and investing in commodities index are two different activities. Forgot to mention Lehman Brother failure or anything about credit risk of ETN's. No mention of the increased correlation of commodities index to the stock market these days. No mention of higher volatility of commodities index vs stock market and lower longer term returns. Globalization tends to self correct currency devaluation of the dollar so I sure wouldn't want to count out U.S. investments. It's tough to ignore political risks in investing in a country like China. Might be too late to play that game--there's a negative correlation to country growth and returns--noted in Jeremy Siegel's "Stock for the Long Run". Obvious rarely pays. Tell me something that we don't know already. I'm still waiting as to how you profit in a up, down, or sideways with _consistency_. If such plan were to be discovered, you wouldn't sell books about it would you? You'll just make a fool out of Buffet, Zoro's, and the Lynch's in the world.

I have to give this guy credit for spotting that the real estate was and still is a bubble in the USA.

What Peter Schiff is not telling us is that China has over expanded and their real estate bubble and office space bubble and too many factories bubble is a huge problem for them.

And who is going to buy commodities if China is not doing well. Certainly not the USA. We are broke.

I don't see the Asian economies disengaging from the US economy. Not in our lifetime.

And GOLD, there is so much of it already. Mainly in the US treasury. There is even more in the ground. Unlimited supplies of gold. I would not put all my eggs in the gold basket.

Sounds like this fellow is just promoting his firm, so he can get commissions.

If you want to invest money, stick it under your pillow or put it in US treasuries. You will do better than you would if you listen to this book.

I think Peter Schiff is becoming Mr Simple.

Simple world. For Schiff US is foolish. He thinks overseas dictatorships are smart. He thinks the smart overseas dictators will take over the lazy stupid US and help us with their laisez faire capitalism.

The problem is, the world is not so simple. There is still much that we do correct here in the USA and the rest of the world is not nearly as smart as Mr Sciff thinks.

So imagine a world where Mr Schiff is wrong. Gold will go down to $30 an ounce. Emerging market stocks crash. All other currencies crash but the US dollar. If you drink the Kool Aid that Mr Schiff is giving you then you are probably getting pretty upset by reading this.

But ask yourself, did you get mad when someone warned you about the internet stocks in 2000?

Deflation is in our future in 2012. Not inflation!
The US is still the best country to do business in for the long term.

Schiff believes in a heterodox economic theory called the Austrian school. "Heterodox" is a nice way of saying "fringe." His father, Irwin Schiff, who is a well known tax protester/conspiracy theorist and current federal inmate, introduced him to the theory.

Basically, Schiff became famous because he "predicted" the most current financial crisis (I use the word "predicted" very liberally as he's always had the same predictions. Unfortunately for him, he's wrong most of the time.). Problem is, so did REAL economists (Noriel Roubini for one). Schiff is the epitome of the saying that "even a broken clock is right twice a day." Since his "prediction," most of his clients lost an obscene amount of money, and he's been placed back in his rightful spot as the laughingstock of the economic/financial community. Unfortunately, there are a lot of Schiff drones that still believe him (even though anyone can look him up on Wikipedia and easily see that he has NO education/training/experience as an economist. As a BBA, he's only required to take two economics classes.).

Save your money. There were plenty of people who actually predicted the crisis AND made money from it. Schiff isn't one of them. He's a loon just like his old man.