Monthly Archives: August 2013

Buy Gold Before the Coming Rally Leaves You Behind (Video)

CNBC’s Futures Now spoke with Peter Schiff last night about the long-term outlook for the gold market in the face of the Syrian crisis and the Fed’s talk of tapering. Peter also answered a question from the audience about the likelihood of the government confiscating physical gold in the event of a major economic collapse.

“I think we’re going to have a huge rally. I think we’re going to make new highs. I don’t think gold ever really lost that safe haven status. Only temporarily, maybe people were confused based on the rush to sell in a short window. But I think the fundamentals are fantastic and I think Syria really doesn’t make that much of a difference in the scheme of things… It’s a monetary problem that we have. We have a dollar crisis coming, a bond market collapse coming, and gold is going to be a safe haven from all of that.”

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Today’s Key Gold Headlines – 8/30/13

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Jim Rogers: Seas of Artificial Money Spell Disaster (Video)

Jim Rogers was interviewed by Reuters about how a war with Syria might affect the price of gold, but he went on to spell out the economic disaster that is yet to come thanks to a “sea of artificial free money.” In preparation, what does Jim buy? Gold and hard assets that serve as excellent safe havens in times of economic turmoil.

“When this artificial sea of liquidity ends, we’re going to see panic in a lot of markets, including in the US… This is the first time in recorded history that all major central banks have been flooding the market with artificial money printing at the same time… This has never happened in recorded history. When this ends, it’s going to be a huge mess.”

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Today’s Key Gold Headlines – 8/29/13

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Recession Never Ended for the Bottom 95%

On his blog Of Two Minds, Charles Hugh Smith published a scathing commentary on the supposed recovery from the 2008 recession. By examining a number of under-reported metrics, Smith paints a bleak picture of the ongoing recession that the government has tried to obscure with bogus GDP data.

“In other words, huge leaps in the income and wealth of the top 5% mask the decline of income and wealth of the bottom 95%. Average all wealth and income and it appears that the economy is expanding to the benefit of all, when it fact only the top 5% have escaped the recession; the recession never ended for the bottom 95%.

An even better way to create an illusory expansion is to simply not measure trends that would reveal a deepening recession.”

Read the Full Commentary Here

Income Inequality

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The Consensus Is Wrong about Gold (Video)

Peter Schiff appeared on CNBC last night to talk about rising oil prices, but ended up drilling down into the reality of a non-existent US economic recovery.

“Americans are going to suffer a declining standard of living. That is the consequences of quantitative easing. That’s one of the reasons I’m opposing it. The Fed is destroying the standard of living of middle class Americans by destroying the value of their savings, of their wages. And yes, prices are going to go up.”

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Today’s Key Gold Headlines – 8/28/13

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US Economic Growth Is an Illusion (Video)

MRC TV interviewed Peter Schiff about the supposed economic recovery and faulty government calculations of economic statistics. While emerging markets continue to buy gold and silver at record rates, everyday Americans are struggling to support their basic food and energy expenses.

“I think the economy has been contracting for the last four or five years. I think we’re in a depression… Look at all the anecdotal evidence: look at what’s happening to the labor force participation rate… look at what’s happening to real incomes… look at the record high credit card debt, yet Americans are not spending on apparel. Look at the big decline in retail sales. They’re spending the money on food, they’re spending the money on energy… They’re replacing a full-time job with a part-time job… [Look at all of this and] you see an economy that is in distress. You don’t see the economic growth that the government claims.”

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Today’s Key Gold Headlines – 8/27/13

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Peter Schiff: No Recovery, Just One Big Depression (Audio)

Peter Schiff was recently interviewed on Real Estate Radio to talk about the state of the housing market and the economy in general. When Peter made it clear that he didn’t trust the supposed housing market recovery, the hosts asked him what investments do make sense if the economy is going to implode.

“We’re going to continue to lose jobs… I think that this housing rally is going to fizzle… I don’t think we’ve ever left the recession, it’s just been one big depression… [Gold] had a big sell-off… I think it’s headed for a spectacular rise… Gold and silver still look really really good. People have time to get in.”

Listen to the Interview Here

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