Peter Schiff Net Worth 2021 – Gold Bug and Bitcoin Critic

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For some, the 2008 subprime crisis was devastating. Millions of dollars in shareholder wealth vanished almost overnight, with the total amount estimated to be $ 14 trillion.

For global financial strategist Peter Schiff, however, this crisis has been the key to fame and even greater fortune, to the point that Schiff’s net worth is estimated at $ 75 million.

It’s an upscale neighborhood, obviously, and Schiff got there using his financial acumen to make accurate predictions. When he was CEO of Euro Pacific Capital, he called the crash so accurately that he was dubbed “Dr. Doom” by other talking heads in the financial media.

A quick glance at Schiff’s salad days indicates a lot of hard work and study. Born in New Haven, Connecticut, Schiff graduated from Cal-Berkely in 1987, and worked as a stockbroker until he and a partner acquired a former brokerage firm and renamed it Euro Pacific Capital.

The business was successful, but Schiff was just getting started. He knew how to use his reputation as an anti-conformist that often went against the grain of finance, and in 2009, the company managed about $ 1.5 billion for nearly 15,000 clients.

Schiff was also able to capitalize on his newfound fame as a tipster. He used his radio vehicle, “The Peter Schiff Show,” to make predictions, stir up controversy, and grow his brand, and he became something of a quotation machine for Fortune, the Wall Street Journal, and Barron’s.

The show also generated a new source of income as a speaker at investment seminars, where he started earning five figures for sharing his opinions and expertise. Like most experts, Schiff has his pet peeves and preferences. He’s a big fan of gold, so much so that he thinks it will eventually hit $ 5,000 an ounce.

He believes in gold so much that he supplies his own financial entity, SchiffGold, to provide investors with a reliable way to buy bullion, and the company is now one of the largest gold traders in the country. Schiff also turned his talents to literary projects focused on finance. He is the author of five books, written between 2007 and 2010, which have earned him money and visibility.

His pet peeves are intriguing. Schiff has gone to war with minimum wage, and he has said he believes it is undermining society. After making those comments, he became enraged when his comments were “taken out of context”, in his opinion, to make him look like a one percent card holder.

On the other side of the coin, Schiff is far less enthusiastic than many of his financial colleagues when it comes to Bitcoin. He recognizes Bitcoin’s viability as a platform and offers it to his clients interested in buying cryptocurrency, but remains skeptical about its long-term future.

Schiff has also been outspoken about the possibility of inflation, which has now come to fruition with supply chain issues driving prices up across the board, so he certainly deserves credit for that prediction. He did, and it is happening.

As controversial as he has been as a tipster, Schiff’s private life appears to have been generic and predictable. He currently lives in Puerto Rico with his wife, Lauren, where he is presumably refining his predictions while tanning. The couple have two sons, and while both have classic one percent names (Preston and Spencer), their claim to fame is that they seem ideally placed to inherit well when the time comes.

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