If this article is accurate, I did better than Schiff's clients because I moved all my mutual fund money to cash before the 2008 crash. I just didn't trust the markets anywhere in the world. It says that EuroPacificCapital took big losses in 2008, but although some of Schiff's investment strategy did not work out in that period, it's not clear to me whether Schiff's clients did worse, better, or about the same as other investors in 2008. And to get the big picture, we would have to consider 2007, 2009, etc.
Not all doomsayers are going to make money in a bad investment.
They probably meant something like "Not all doomsayers are going to make money in a bad economy."
My (sickoflibs) accurate political predictions were that McCain would lose, Obama would win and the wheels would come off the Obama-hope-change train after Bush left office and democrats were seen to be in charge. I also figure the Al Frankin 60th seat came at the perfect time for us as it was falling apart. The ‘McCain wins or we all die crowd ‘ were making the claim that this could never happen and Pelosi would ram through whatever she wants (like the stimulus bill.)
I have a republican -McCain-ite neighbor who bet me that Health care would pass by labor day, although he originally predicted early August. He keeps repeating "Pelosi has the votes" as if he believes her.
8/5/2009 Part 1/3 Peter Schiff On Countdown To The Closing Bell: More Trouble Ahead?