Peter Schiff
Peter Schiff

Celebrity Profile

Name: Peter Schiff
Occupation: Miscellaneous
Gender: Male
Birth Day: March 23, 1963
Age: 59
Birth Place: New Haven, Connecticut, U.S., United States
Zodiac Sign: Aries
Youtube Channel: Peter Schiff

Social Accounts

Height: in centimeters - N/A
Weight: in kg - N/A
Eye Color: N/A
Hair Color: N/A
Blood Type N/A
Tattoo(s) N/A

Peter Schiff

Peter Schiff was born on March 23, 1963 in New Haven, Connecticut, U.S., United States (59 years old). Peter Schiff is a Miscellaneous, zodiac sign: Aries. Find out Peter Schiffnet worth 2020, salary 2020 detail bellow.

Net Worth

Net Worth 2020

$70 Million

Salary 2020

Not known

Youtube Earnings 2020

Monthly Earnings: $490 - $7.8K
Yearly Earnings: $5.9K - $94.1K

Biography Timeline


In 1996, Schiff and a partner acquired an inactive brokerage firm, renamed it Euro Pacific Capital, and began operating it from a small office in Los Angeles, relocating the firm to Darien, Connecticut, in 2005, and later to Westport, Connecticut where it is currently headquartered, with branch offices across the US in Scottsdale, Arizona, Boca Raton, Newport Beach, Manhattan Beach, California, and New York City.


In an August 2006 interview, Schiff said, "The United States is like the Titanic and I am here with the lifeboat trying to get people to leave the ship.... I see a real financial crisis coming for the United States." On December 31, 2006, in a telecast debate on Fox News, Schiff forecast that "what's going to happen in 2007 is that real estate prices," which had peaked in December 2005, "are going to come crashing back down to Earth."


In his 2007 book Crash Proof, Schiff wrote that US economic policies were fundamentally unsound. Since then, he has stated many times that without a change in US government economic policy, there will be hyperinflation and that the imbalance between the number of goods the US consumed and what it produced would eventually lead to problems for the US economy. As a remedy, he favored increased personal savings and production to stimulate economic growth. Schiff cited the US's low personal savings rate as one of the causes of its transformation from the world's largest creditor nation in the 1970s to the largest debtor nation in 2000. He attributed the low savings rate to what he asserts are high inflation and artificially low interest rates set by the Federal Reserve.

On December 13, 2007, in an interview on the Bloomberg TV show "Open Exchange," Schiff added that he felt that the crisis would extend to the credit card lending industry, and he called consumer credit "a cancer on the free-market economy." Schiff said that interest rates would rise, that the dollar would "collapse," and that all classes of dollar-denominated assets would fall in value relative to non-US assets. He predicted "a huge crisis" and "the blow-up of credit card finance" in 2008, with the result that consumer credit card spending limits would be "slashed" by card issuers. He added that Americans would no longer be able to make purchases using their credit card lines. This prediction went unrealized. Referring to the housing market, Schiff went on to criticize the policy of the Bush administration to "vilify and threaten the lenders" for reckless borrowing.


In 2008 and 2010 appearances on Fox News and financial news network CNBC, Schiff mentioned factors such as speculation and "the absence of lending standards" as factors that had contributed to the housing crisis, which began in 2007.

Schiff's warnings of a coming economic collapse earned him the moniker "Dr. Doom", but later articles in Business Week and other business news journals reported that Schiff "more or less accurately" predicted the financial crisis of 2007–2010 while the "easiest criticism of macroeconomists is that nearly all failed to foresee the recession despite plenty of warning signs." A YouTube fan video, "Peter Schiff was right," became popular in late 2008 and 2009. It contained a compilation of his appearances on various financial TV news programs between 2005 and 2007.

In November 2008, Schiff said he supported the reduction of government economic regulation and was concerned that the Obama administration might instead increase such regulation. Schiff says that the late-2000s financial crisis provides an opportunity to transition from borrowing and spending to saving and producing. He is critical of the US government's efforts to "ease the pain" with economic stimulus packages and bailout, as he believes that replacing "legitimate savings with a printing press" would result in asset price inflation, eventual consumer price inflation, and if left unchecked, could potentially result in hyperinflation.

In December 2008, some Connecticut citizens created a website encouraging Schiff to campaign against incumbent Senator Christopher Dodd. Approximately 5000 people made campaign contributions using the web site. On February 21, 2009, a moneybomb raised over $20,000 for Schiff's campaign.

In April 2008, Schiff endorsed Murray Sabrin for the US Senate seat in New Jersey.


In a March 2009 speech, Schiff said that it would be impossible for the US public debt to China to be repaid unless the US dollar's value is substantially diluted through inflation. In September 2009, with gold below $1,000 per ounce, Schiff said that he foresaw gold at over $5000 per ounce in the future, and that the stock market rally which began that year was a "rally in a bear market."

Depending on the point at which they adopted his strategies, followers of Schiff may have had strong, average or poor returns. In January 2009, economic blogger and investment adviser Michael Shedlock wrote, "I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008." Later that week, an article appeared in the Wall Street Journal reporting that Schiff's broker-dealer firm had "advised its clients to bet that the dollar would weaken significantly and that foreign stocks would outpace their U.S. peers" but the dollar later advanced against most currencies, "magnifying the losses from foreign stocks." In response to Shedlock's criticism, Schiff wrote that "to examine the effectiveness of my investment strategy immediately following a major correction by looking only at those accounts who adopted the strategy at the previous peak is unfair and distortive." In December 2012 Schiff wrote an article entitled "Mish Shedlock exposed" in which he criticized Shedlock for selective use of short-term data in the financial crisis and argued that his investment strategy had made strong returns over the long-run.

For example, in 2009, Schiff predicted a "protracted period of economic decline accompanied by rapid increases in consumer prices." Schiff's critics point out that although asset price inflation has been significant, consumer price inflation rates have remained very low in the five years that followed despite his predictions.

In a May 2009 video blog, Schiff said that he was seriously considering a run for the Senate, and when questioned by a Washington Post reporter, he said the chance of him entering politics was "better than 50-50." In June 2009, Schiff commissioned a poll of likely voters which indicated that he trailed Dodd in popularity by only four percentage points. On July 9, 2009, Schiff launched an exploratory committee and an official campaign website.

In a campaign speech in Hamden, Connecticut, on December 3, 2009, Schiff said, "Unlike everybody else, I pretty much predicted everything that would happen in 2008 in specific and exact detail.... Somebody needs to be in Washington to prevent the next round of [government] stimulus from taking place, because that will be the end of it. That will be the toxin that completely destroys the economy."

After giving some hints on The Daily Show, Schiff officially announced his candidacy for the Republican nomination on September 17, 2009 during the MSNBC Morning Joe show. By October 2009, Schiff had received more than 10,000 donations and many e-mails from around the world. Schiff's campaign received endorsements from Ron Paul and Steve Forbes.


Schiff's views have been criticized several times by economist Paul Krugman, who defines inflation very differently from Schiff, focusing on CPI increases, rather than monetary and asset price inflation, which Schiff believes eventually lead to increases in consumer prices after an indefinite waiting period. In October 2010, Krugman wrote, "I keep being told that Peter Schiff has been right about everything; so, how's that hyperinflation thing going?" In December 2011, Krugman quoted Peter Schiff's statement from December 2009: "I know inflation is going to get worse in 2010. Whether it's going to run out of control or it's going to take until 2011 or 2012, but I know we're going to have a major currency crisis coming soon. It's going to dwarf the financial crisis and it's going to send consumer prices absolutely ballistic, as well as interest rates and unemployment." Krugman noted that inflation had instead remained low and concluded that Schiff's type of economic "model is all wrong" since it predicts that a tripling of the monetary base, such as had just occurred, must lead to "dire effects on the price level."


In March 2011, Schiff stated that a national sales tax should replace both personal and corporate income taxes, as he believes that the latter discourages work as opposed to a consumption tax. Schiff's second choice is a flat tax rate, which would abolish all deductions including the very popular home mortgage tax deduction, as Schiff believes that the state should not subsidize buying homes as opposed to renting.


In August 2012, Schiff criticized Paul Ryan's Path to Prosperity by saying that it is "too little, too late." Referring to Ryan's plan to save Medicare, Schiff said, "Why would we want to preserve it? It's a Ponzi scheme... What we really need is real Medicare cuts today for people who are already on the system."

In January 2012, Schiff stated that a US debt crisis and high consumer price inflation had been delayed merely by government policy. In November 2012 and again in November 2014, Krugman repeated his criticisms of Schiff's predictions of eventual high consumer price inflation and rising interest rates in America.

Schiff did not endorse McMahon in the 2012 Republican primary but rather her opponent, former Representative Christopher Shays. Shays lost the primary to McMahon, who lost in the general election to Democrat Chris Murphy.

In August 2012, Peter Schiff replaced G. Gordon Liddy in the 10 a.m.–12 p.m. time slot on the Radio America network Internet broadcast.


When the Fed ended the Quantitative Easing program in October 2014, the general opinion was the Fed is about to conduct multiple rate hikes in the year 2015. In contrast, Schiff predicted that the market cannot withstand even a minor interest rate increase, thus the Fed announcing a higher rate will be very unlikely. However, he did open up the possibility of a few basis point rate hike but anticipated that it will have major impact on the equity market and will lead the US into recession, therefore the Fed will be forced to reverse its policy way back to resuming the QE program.


Schiff was born to a middle-class Jewish family in New Haven, Connecticut. His father, Irwin, the son of Jewish immigrants from Poland, served in the US Army during World War II. Irwin was a prominent figure in the US tax protester movement, who died in federal prison in October 2015 while he was serving a sentence of at least 13 years for tax evasion.

On October 20, 2015, four days after the death of his father, Schiff accused the Federal Bureau of Prisons of inhumanely treating his father and not allowing the usual humanitarian release.

Family Members

# Name Relationship Net Worth Salary Age Occupation
#1 Ellen Schiff Parents N/A N/A N/A
#2 Irwin Schiff Parents N/A N/A N/A
#3 Lauren Schiff Spouse N/A N/A N/A

🎂 Upcoming Birthday

Currently, Peter Schiff is 60 years, 0 months and 5 days old. Peter Schiff will celebrate 61st birthday on a Saturday 23rd of March 2024. Below we countdown to Peter Schiff upcoming birthday.


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