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<p>[QUOTE=&quot;Cloudsweeper99, post: 1112983, member: 3011&quot;]I am not for or against Shiff either, but this is what Wikipedia has to say on the matter, so buyer beware.&nbsp; I&#039;m not a big fan of the analysts who claim to know what to do, but can&#039;t actually do it.&nbsp; I prefer to follow those with excellect long term track records.</p><p><br /></p><p><i>Despite predictions regarding the housing bubble and automotive industry difficulties coming to fruition, as early as 2009 Schiff was receiving criticism due to the performance of some of his client&#039;s accounts in 2008, as well as controversies over the predictions themselves. In January 2009, economic blogger and investment adviser Michael Shedlock reported, &quot;I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008.&quot;[54] Other criticisms followed, including the aforementioned Eric Tyson post[40] as well as an article for the investment news site Seeking Alpha, published on the site two days after Shedlock&#039;s blog post.[55] Later that week an article appeared in the Wall Street Journal reporting that Schiff&#039;s broker-dealer firm, Euro Pacific Capital Inc., &quot;advised its clients to bet that the dollar would weaken significantly and that foreign stocks would outpace their U.S. peers&quot; and that instead, the dollar advanced against most currencies, &quot;magnifying the losses from foreign stocks Mr. Schiff steered his investors into.&quot;[56]</i></p><p><i><br /></i></p><p><i>The Director of Communications at Schiff&#039;s investment firm responded to the original Shedlock piece by saying, &quot;While it is true, that our accounts have suffered badly in 2008, a fact that we have never disputed or ran from, [Shedlock&#039;s] estimates for the size our of typical client losses are exaggerated and unfair.&quot;</i>[/QUOTE]</p><p><br /></p>

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