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Just read about Peter Schiff and honestly his whole story is kind of wild. The guy's net worth is supposedly over $80 million, but he keeps saying he should've been way richer if he'd just bought Apple and Amazon back in the day lol. At 61 he's still kicking himself over that.
What's interesting is how different he is from most wealthy people. While everyone was chasing tech stocks, Schiff went all-in on gold and precious metals. Like, he literally built his entire investment philosophy around it. Made his money through Euro Pacific Capital, media appearances, speaking gigs, and his gold business. The guy predicted the 2008 crisis before it happened, so people actually listen to him.
But here's the thing that got me—his recent performance has been... rough. Some of his investors saw their accounts drop 60-70% in the last couple years. And then there's the whole controversy with his bank in Puerto Rico getting shut down over regulatory issues. Plus his constant Bitcoin predictions that haven't exactly panned out.
So yeah, Peter Schiff net worth might look impressive on paper, but the actual track record lately? Mixed at best. Makes you wonder if his gold obsession is genius or just stubbornness. What do you guys think—is he a visionary or just stuck in his ways?