Peter Schiff life and biography

Peter Schiff is a native from New Haven, Conn. who become a successful business and financial commentator. He is also is CEO and chief global strategist of Euro Pacific Capital Inc., a famous broker-dealer based in Westport, Connecticut and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City.

Peter Schiff was raised in Manhattan and Miami. His father Irwin Schiff, was a well-known American tax protester. In 1987, Schiff graduated from the University of California, Berkeley, with a degree in finance and accounting. After that, he started working for Shearson Lehman Brothers in the field of financial consulting. In 1996, Schiff started his own firm Euro Pacific Capital, after buying up a bankrupt broker-dealer in Florida, and went on to reincorporate the business in California.

In 2005, Schiff relocated to Darien, in order to find brokers and recruit them for his own firm. Presently his company Euro Pacific Capital, retains an office in Newport Beach, California, Arizona, Scottsdale, Florida, Palm Beach, Los Angeles and Manhattan. The company promotes Schiff's view of the U.S. Economy, and recommends an investment strategy which focuses heavily on non-U.S. stocks and precious metals.

Schiff correctly predicted the fall in real estate prices on Dec 31, 2006, in a debate on Fox News. He said that the real estate prices are going to come crashing back down to earth, and speculated that the absence of lending standards would be the potential cause for the housing crisis. On December 13, 2007, facing an interview on the show Open Exchange, Schiff further said that the economic crisis would extend to the credit card lending industry.

Schiff has often laid stress on the benefits one can derive from the current economic crisis. In his book Crash Proof: How to Profit From the Coming Economic Collapse, he supports his idea with relevant arguments. He also claims that the a higher level of borrowing and spending cannot be accomplished without a severe economic recession, and that the American government is not providing any solution with the various stimulus packages and bailouts. In his opinion, such actions will only worsen the situation and possibly result in hyperinflation.

In 2010 Schiff ran as a candidate in the Republican primary for the United States Senate seat from Connecticut. He lost the nomination to Linda McMahon.

In 2011 Peter Schiff was listed as one of the Who's Who of Wall Street.

Peter is author of books:

- Crash Proof: How to Profit From the Coming Economic Collapse, February 2007
- The Little Book of Bull Moves in Bear Markets: How to Keep your Portfolio Up When the Market is Down, 2008
- Crash Proof 2.0: How to Profit From the Economic Collapse, 2nd Edition, September 2009
- The Little Book of Bull Moves, Updated and Expanded: How to Keep Your Portfolio Up When the Market Is Up, Down, Or Sideways, 2010
- How an Economy Grows and Why it Crashes, 2010.

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