Peter Schiff: Trump Levies a Backdoor Export Tax

On the latest episode of The Peter Schiff Show, Peter returns to Puerto Rico, laying out a clear investment case for gold and silver miners while calling out recent policy moves that threaten markets and manufacturing. He warns that administration trade and finance policies — from ad hoc export levies to re-insuring mortgage giants — will distort markets and encourage reckless risk-taking.

Peter opens by urging listeners to consider where true asymmetric opportunities lie and why taking a concentrated bet can make sense for those who can tolerate volatility:

And I really want to make sure that my podcast audience is invested in this sector to the extent that they are risk seeking. These are not for widows and orphans because there is risk. Although I believe the upside potential dwarfs the downside risk. And I think that when you get a situation where it’s so asymmetric, where you have so much profit potential relative to what you can lose, that’s when you want to make a big bet. I mean, I think that’s how people have made a lot of money in the markets over the years.