Where to Invest Other Than The US?

08/18/2014 6:00 am EST

Focus: GLOBAL

Peter Schiff

CEO, Euro Pacific Capital, Inc.

Peter Schiff thinks investors should avoid investing in the US but there are several countries and asset classes that have better prospects that the US.

SPEAKER: Hi. I'm here today with Peter Schiff, CEO and Chief Global Strategist for Euro Pacific Capital, and we've been talking a little bit about inflation and the Fed, and I want to talk to Peter a little bit more about where do you put your money? What do you do in the face of all this sort of gloom?

PETER: Well, you've got to get your money far away from the US. We're going to be the epicenter of this next economic crisis, but you know, you don't want to jump out of the frying pan into the fire, right? You know, there are a lot of other countries that are making monetary mistakes and fiscal mistakes, so you've got to find the countries that are making fewer mistakes; that have better macroeconomic fundamentals, and there are some. We invest in Singapore, Hong Kong, Norway, New Zealand, Australia; a number of other countries.

SPEAKER: And what type of investments in those countries do you look for?

PETER: Mostly common stocks; value stocks; those stocks that are trading at relatively low price-earnings ratios that have good dividend yields - high dividend yields - so we can get a good rate of return, and the dividends are coming in and this was franc, the Norwegian krona, the New Zealand dollar; currencies that I expect will appreciate against the dollar, and we're also in natural resources, energy, mining, agriculture, precious metals.

SPEAKER: So, how does the individual investor do some of what you're doing, or where do you think they can access it?

PETER: Well, the best place, I think, is to work through me; you know, Euro Pacific Capital, we have accounts for investors where we manage their money. I have nine proprietary mutual funds that we run from Euro Pacific Asset Management. People can buy those funds pretty much anywhere or they can talk with a Euro Pacific Capital broker and buy the funds directly from us. We do separately managed accounts where we help individuals create a customized portfolio to protect the real purchasing power of their investments from inflation of the declining dollar.

SPEAKER: And for the smaller investor who wants to do some of it them self, aside from buyer funds, there's some other buyer funds?

PETER: Yeah, look; the minimum investment - if you just want to buy my fund - I think it is $2500.

SPEAKER: There's other ETFs and other individual stocks you would recommend.

PETER: You've got to do research and make sure you get the right stock, but if you just buy my fund, we've already done the research. We've populated those funds with the stocks that I think are the best, so you don't have to reinvent the wheel; just buy my funds.

SPEAKER: Thank you, Peter.

PETER: Sure.

SPEAKER: Thanks again for joining us.

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