While I agree with the appraisal of "gloom and doom" as being a viable one given that the current borrow and squander regime is fighting a very expensive and graft-ridden war on credit, I recognize this as a common thread in financial newsletters, usually touting butterfly spreads, short selling, forex, puts, calls, wombat jelly futures and sasquatch memorabilia.
I confess to never having heard of Peter Schiff, as they say in Spanish "en su casa le conocen" (in his house they know him).
I pay about $200 a year for an excellent mutual funds newsletter, and they have generally helped me stay ahead of the S&P 500, so I take their advice. Too much advice is worse than none at all, or 'hunches', I have found.