Peter Schiff Is Wrong About Gold, A Lot

It's no secret that Peter Schiff is bullish on gold. He has consistently criticized U.S. monetary and fiscal policy, repeating ad nauseam that an economic disaster is looming in the U.S. and abroad. In that scenario, gold is his asset of choice to provide a safe haven for capital amid a collapsing world economy.

To the casual observer, Schiff's omnipresent media persona can give credibility to his worldviews and stock picks. He is a talented self-promotor. The reality, though, is that Schiff's worldview and forecasts, while consistent, have proven to be incorrect far more often than not. Investors should approach his advice with a large grain of salt.