I'm sure some just JUMPED onto this thread to defend the undefendible Peter Schiff. Of course Schiff was right about the equities market crash...yup, he's was absolutel on the money. But that's about all he was or will be right about and his clients are paying the price for his many missed calls. There is a lengthy dissection of all his wrongs at this link if you care to read it in it's entirety; Mish's Global Economic Trend Analysis: Peter Schiff Was Wrong Here's a brief synopsis; "Let's Return to Schiff's Investment Thesis. Schiff's Investment Thesis US Dollar Will Go To Zero (Hyperinflation). Decoupling (The rest of the world would be immune to a US slowdown. Buy foreign equities and commodities and hold them with no exit strategy. 12 Ways Schiff Was Wrong in 2008 Wrong about hyperinflation Wrong about the dollar Wrong about commodities except for gold Wrong about foreign currencies except for the Yen Wrong about foreign equities Wrong in timing Wrong in risk management Wrong in buy and hold thesis Wrong on decoupling Wrong on China Wrong on US treasuries Wrong on interest rates, both foreign and domestic That's a lot of things to be wrong about, especially given all the "Peter Schiff Was Right" videos floating around everywhere. The one thing he was right about was the collapse of US equities and no part of his investment strategy sought to make a gain from that prediction. Peter Schiff concludes many of his articles, books, etc. with the claim he saw this coming and "positioned his clients accordingly". (he actually screwed them!) However, let's assume for a moment that hyperinflation is going to happen. Where then could one get the most bangs for their buck to take advantage? The answer to that question is in real estate, where one can buy on 5% down. Nowhere else can one easily get such leverage. Note that there has never been hyperinflation in history where real property declined in value. Therefore, if Schiff really believes in hyperinflation, he ought to be suggesting that his clients buy houses. However, Schiff thinks housing prices will continue to crash. So do I. And if they do, you can kiss hyperinflation theories goodbye." BTW...buying gold still isn't a bad idea.