Euro Pacific Capital

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11 Comments on "Euro Pacific Capital"

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SnoopyJC
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May 18, 2009 5:28 pm
In late 2008 when the market started to come unglued, I saw Peter Schiff on a TV show and picked up his “Little Book of Bull Moves in Bear Markets”. Some of the things in that book are starting to play out, though he was very early with his advice (e.g. the dollar went up instead of down like he said it would). I took 1/5 of my retirement account and opened a EuroPac account with it. I didn’t do exactly what his broker advised, but I did wind up investing most of my money in his picks. First they… Read more »
normdiamond
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normdiamond
September 22, 2009 12:25 pm

I read Peter Schiff’s books and believe his predictions,some of which have occurred and others which will occur in the future. I am trying to put my assets into foreign stocks and currencies.

My account is medium size, over a yrar old, and his picks (or his associate broker’s) have gone up in value and most have paid better dividends than US securities. I’m pleased with the results and plan to invest more money with him

Cautious
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Cautious
October 11, 2009 8:42 pm
Having been convinced a few years ago that it would be wise to diversify into foreign stocks, I opened an account with EuroPacific. I could tell you about some of the recommended stocks that lost over 90% in the last year, but instead I will be more general and simply provide some cautionary information. When you invest with EuropPacific, be prepared to do your own research. They provide absolutely none. They trade through Pershing, which has a website where you can watch the value of your portfolio, but again, no research. The brokers give no recommendations to sell as the… Read more »
StronglyAgainstEuropac
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StronglyAgainstEuropac
November 28, 2009 2:48 pm
I invested half of my total life’s savings in Europac in the end of 2007, after learning of Peter Schiff’s investment philosophy. His philosophy is wrong. I learned the hard way. My money plumetted 70%, and although it gained during the recent bull market, it is still down 35%. Of course, if you invested with him at the bottom of the U.S. market crash, your investment would be up 50%. But that is basically the same as the Dow and Nasdaq for the same period. Stick with index funds and broad market domestic and international funds, unless you have plenty… Read more »
mary
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February 25, 2010 4:50 pm

very disappointed with this company. they claim to be a full service co. with a 3% fee but i found them to be anything but that. i found it like pulling teeth trying to get answers on individual stocks, dividends etc. pershing which handles their trades i found wholly inadequate as far as a paper trail on trades. counting fees i lost over 25% of my initial investment.

Lukester
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Lukester
February 26, 2010 1:33 am
SnoopyJC and NormDiamond are favorably impressed with EuroPac because they purchased recommended EuroPac shares somewhere near the March 2009 lows. They should talk to the EuroPac clients who lost their shirts holding “long and strong” all the way through the 2008-2009 meltdown. Europac brokers are surly, and only interested in chatting you up when you have large amounts to invest. Cautious, StronglyAgainstEuroPac and Mary all have it right. This is a “boutique” brokerage with outrageous commissions, spotty guidance on the buy side, nonexistent guidance on the sell side, and a notoriously snotty CEO who parlayed his “notorious snottiness” into ever… Read more »
michael
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michael
April 30, 2010 11:20 am
I disagree with the negative reviews posted. I have been a client since 2008 and my portfolio has developed nicely. My broker is excellent and in the past two weeks we have had conversations for at least 30 minutes at a time discussing positions, stocks, general outlook on what may happen in the world economies. He has a conservative approach and while their philosophy is “long term hold”, he and I regulary discuss my portfolio and make changes accordingly. Stay in touch with your money no matter where it is, waiting for any broker to “advise you” is foolish. As… Read more »
Joe
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Joe
September 29, 2010 6:57 am

I’ve had a great experience with EuroPac as well. Their outlook on the global economy suffers from none of the common fallacies that one finds in mainstream investment advisors/economists.

qluvr
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qluvr
September 29, 2010 2:15 pm
I took most of my IRA acct positions in Feb/Mar 2009 and i’m up overall about 80% since then. They have both self-directed and managed services so don’t expect a lot of hand-holding or sell-timing advice unless you ask for it if you’re self-directed. They do offer direct foreign purchases which is hard to come by except Canada/TSX you can get on Etrade. They have given me timely sell advice unsolicited which worked well, eg a EuroPac selected nickel miner i closed out with a >250% profit. I rejected a number of their recommendations, added my own and have about… Read more »
Jean Christensen
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Jean Christensen
December 11, 2010 3:29 pm
If I could, I would give Peter Schiff and his so-called brokerage firm -10 (at least stars). My invovement with them was a nightmare from beginning to end. It began with this obnoxious broker asking me “Have you read the book yet?”…as if that “book” explained EVERYTHING there was to know about investing. He then told me that there was a minimum investment of $250,000 if you wanted to invest with them which I found out several traumatic episodes later was a LIE. In fact, Peter Schiff in an e-mail, told me that there was NO minimum but a $500,000… Read more »
Chux91
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Chux91
July 25, 2011 12:47 pm
I transferred a little over half of my retirement account to Euro-Pac in October of 2008 when I retired from 30 years working for a large municipality and chose a lump sum payoff. I wanted my money in either energy, agriculture or precious metals, preferably in all of them. Once my account was established, they got me into Baytex Energy, Westshore Terminals, Vitasoy, Duet Group, Central Fund of Canada, Silver Wheaton and others and looking back I can see this was a prime time to invest in such things, as the market really had no other way to go, it… Read more »
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