Name:   architect - Subject:   Peter Schiff...Oct 2012 predictions Date:   9/3/2016 11:05:55 PM (updated 9/3/2016 11:10:01 PM)

Schiff is noted for his economic predictions.  In Oct 2012 on CNBC he made several predictions and in Dec of last year CNBC reviewed those predictions

1/  Schiff said gold, then at $1700/oz, would go to $5000 within a couple of years. (NOTE:  one of his businesses is selling gold!).  Over 3 years later in Dec 2015 gold was at about $1200

2/  Schiff said quanitative easing would hurt, not help the US economy. Since then 10.4 million new jobs have come online and the unemployment rate has gone from 7.7% to 4.9% and the DOW is up a third

3/  Schiff said US debt will lead to a worldwide crisis of confidence in the US economy and the dollar.  Today the US economy is considered overall the strongest and safest in the world

4/  Schiff said the dollar will collapse with the Index level relative to other world currences falling from 80 to at least 40 but probably much lower.  In Dec 2015 the dollar index stood at 99

Now, you need to take off the blinders and find a few more reliable economic Gurus!