Monthly Archives: June 2013

Gold May Be Volatile, but It’s Not Dead (Video)

In his latest appearance on Fox Business, Peter Schiff gets in a friendly argument about the hidden inflation obscured by phony government measurements. He also reminds investors that we’ve seen volatility like this in the gold market in the past, just before gold soared to new highs.

“The definition of inflation is an expansion in the money supply… The Fed is buying $85 billion a month of Treasuries and mortgages. Where do you think that money is coming from? It is being created into existence out of thin air by the Federal Reserve… Eventually our trading partners are going to stop absorbing our inflation. The dollar is going to tank… and all this inflation that we’ve been exporting is going to hit us like a tsunami.”

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Today’s Key Gold Headlines – 6/28/13

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Is Now the Time to Sell Gold? (Video)

In his latest exclusive video on the gold market, Peter Schiff answers the question on everybody’s mind: “Where is the bottom in gold and is it time to sell?” Peter explains how speculative money drove the current decline in the price and why the strong fundamentals of gold indicate the price may rise even faster than it has fallen.

“If [gold] does [drop to $1,000], I don’t think it’s going to stay there very long. I think the price is going much higher. Not only than where it is now, but higher than $1,900, which was the peak of this recent move. I think this decline is being driven entirely by speculators.”

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Today’s Key Gold Headlines – 6/27/13

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Peter Schiff on the False Gold Narrative (Video)

Today, Peter Schiff appeared on CNBC to answer the question, “Should gold have ever been $1,900 an ounce in the first place?” Peter defends his long-term stance on gold and points out that the falling price of gold will soon have serious effects on the mining industry.

“We know at $1,200 [an ounce], the majority of gold mines can’t even mine [gold] profitably. So gold is now trading for less than the cost of producing it, and of course in order to produce it you have to own a gold mine, which is very hard to do. So the price of gold can’t stay down here for a long period of time, because then the gold companies will shut down and there will be no supply.”

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Today’s Key Gold Headlines – 6/26/13

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Peter Schiff: The Future of Gold (Video)

Peter Schiff recently spoke with Stefan Molyneux, host of Freedomain Radio, about the truth behind the gold market correction. Their wide-ranging discussion is an excellent introduction to how the economy reached the quagmire it is in now and how a healthy economy functions. Peter also gives advice on how to avoid and prepare for the real crash that is yet to come.

“Really what’s happened, there’s been a crash in confidence. There’s been a crash in investor expectations when it comes to the price of gold. There actually hasn’t been a crash in the price. I think the sentiment is wrong, that the public is wrong, that the professional investors are wrong. Remember – the guys that are ultra bearish on gold right now are the same guys that were extremely bullish when it was at the highs at 1900. The consensus doesn’t have a very good track record when it comes to gold.”

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Bernanke’s Big Bluff Will Boost Gold (Video)

In his latest video blog, Peter Schiff tears apart Ben Bernanke’s latest public statements about the state of the economy and the Fed’s ability to taper or end its stimulus.

“When the gold market wakes up to the fact that there is no tightening, there’s just endless easing, that we just have one big bubble – then I think we’ll have a mass scramble on the part of everyone who sold their gold to buy it back. Where they’re going to get it, I don’t know. Who’s going to be sellers at these levels once that moment happens…I don’t know. So I would expect to see a very, very rapid rise in the price of gold.”


 

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Today’s Key Gold Headlines – 6/25/13

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Peter Schiff: Prepare for a Vicious Gold Rally (Video)

In his latest appearance on CNBC’s Futures Now, Peter Schiff defends his claims that gold is going to the moon and the economy is preparing for another recession.

“The Fed is going to have to wave the white flag, not me. They’re going to have to admit that it hasn’t worked and they’re going to up the size of QE. Meanwhile, the gold traders are preparing for something that’s not going to happen and they’re going to be caught by surprise. You’re going to see a vicious rally in gold as people look to re-buy the gold they sold based on the false premise that the economy was improving and the Fed was going to tighten.”

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