I am aware of all those predictions of his that missed the current deflation. He predicted the rest of the world would carry on without us after our crash.
But the fundamentals are pointing to commodities long term as he predicts ,we are headed to inflation. Democrats are going to try to create inflation on purpose, printing money, unions, green energy, halting drilling. Add that to increasing world population and industry creating demand in previously poor countries. In fact this current crash is halting investment of commodities, why open new mines and oil wells if the price is low now? So his message is relevent to future. But that future may not be this summer.
More-so than investment, I love the conservative messages of his. If I could find an articulate republican with a conservative message relevent to Washington increasing power/redistribution grab, I would use them. We hear his witty stinging lines and he rings a bell that we havent had in a long time.
Sorry-—When you are investing/trading—losing 60-70% (most commodities) requires a 100-300% gain just to get back to even. Schiff has had a worse investment year than the general market which was awful. About the only thing he got right was the US economy. Deflation is far more likely than inflation. You will NOT get inflation unless wages/demand go up and the very opposite is happening. Unless they can re-ignite the credit bubble it’s not happening. Last year we had $10 trillion in wealth disappear with another roughly 1-2 trillion in January at current equity prices. Even if the fed doubled physical currency to around 1.5 trillion, that isn’t even close to inflation. At some point in the LONNGGGG future that extra money could lead to inflation but right now we still have 3-5 years (or more) or deflating the credit bubble of the last 12 years which was the largets credit bubble in the history of the US (and probably the world).
Use them for what?
What benefit in this name calling? Be articulate yourself. Get published. Be on TV. Spread the message. At least he's out there!