Peter Schiff, the legendary American investor and financial analyst, was asked how to hedge against inflation in a recent livestream. Here’s what he said…
At 1:55:30 in the nearly 3-hour video below, which was streamed live on 29 July, 2019 and has been viewed over 142,000 times as of today, Peter Schiff was asked the following question…
Are REITs a protection against inflation?
Note: REIT stands for Real Estate Investment Trust. It’s an American term that describes what we know of as a property fund.
Wikipedia defines it thus: A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs can be publicly traded on major exchanges, publicly registered but unlisted, or private.
How to hedge against inflation
Here’s how Peter Schiff answered the question, “Are REITs [Real Estate Investment Trusts] a protection against inflation?”
“It depends on the REIT. A lot of U.S. REITs are also levered up and they have all kinds of products in there. A lot of these things can blow up and I don’t like U.S. real estate, I told you that.
“But if you want to buy property in Singapore or New Zealand, commercial property there or other parts of the world, you know, China, India… I personally own property trusts in Singapore, in India, in Hong Kong, in New Zealand, in Scandinavia.
“I don’t own residential, I own commercial property and a lot of these REITs pay good dividends in currencies that I think are going up.
“Some of these REITs we own in our managed accounts, some of these REITs we just buy for clients in brokerage accounts, but yeah I think they will be very good hedges ultimately.”
To save you from having to trawl through 2 hours of video to find the segment, I’ve cued this up for you at just the right spot. It’s only a minute long and well worth watching…
What are your thoughts on how to hedge against inflation? Do you agree with Peter Schiff or do you hold an alternative viewpoint? Let us know in the comments below and let’s get the discussion going!
About Peter Schiff
According to Wikipedia, Peter Schiff is an American libertarian, stock broker, financial commentator, economist and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc, a broker-dealer based in Westport, Connecticut. He is the founder of Euro Pacific Canada Inc, now known as Echelon Wealth Partners Inc, headquartered in Toronto, with offices in Burlington, Ontario; Montreal; Vancouver; and Tokyo. He is also the founder and chairman of Euro Pacific Bank, offshore bank founded in St. Vincent and the Grenadines, relocated to San Juan, Puerto Rico in 2017; founder, CEO, and chairman of Euro Pacific Asset Management, LLC, an asset management company founded in Newport Beach, currently relocated to Dorado, Puerto Rico, since 2013; and founder and chairman of SchiffGold, a precious metals dealer based in Manhattan.
Schiff is the principal host of The Peter Schiff Show podcast, which was formerly broadcast on terrestrial and Internet radio, and he was formerly host of an Internet podcast called Wall Street Unspun, now archived as podcasts. He has appeared as a guest on numerous business and financial television shows and has been quoted in major print publications as a financial analyst.
Schiff has repeatedly held bullish views on long-term investments in foreign stocks and currencies in countries with sound fiscal and monetary policies as well as global commodities including physical precious metals and has expressed bearish views on the US economy and the US dollar. Schiff voices strong support for the Austrian School of economic thought which was introduced to him by his father Irwin Schiff.
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Peter Schiff has no affiliation with Newland Burling & Co or Provincia Property Fund and does not endorse either.