Monthly Archives: February 2013

Peter Schiff continued his appearance on CNBC Asia on Tuesday to talk about how the Dow hitting 14,000 isn’t that great if you measure stocks in terms of real assets, like gold.

“Quantitative easing is inflation. It’s a euphemism to describe the process of creating money out of thin air…And when people focus on that and they see the risks in the US dollar and other currencies, they’re not going to want to own paper. They’re going to want to own something real. They’re going to want to own gold and silver.”

Yesterday, Peter Schiff appeared on CNBC Asia to comment on the government’s prosecution of S&P. He went on to advise that investors stay away from US Treasuries, and instead look at:

“Gold, silver, hard assets, commodities, agriculture. Look at stocks in emerging markets. Good companies, good balance sheets, good earnings that are servicing countries where the income is going to be gaining, where currencies are going to be appreciating in value. Stay away from these overly indebted nations like the US that are going to pay its creditors back with printing press money.”

Peter Schiff appeared on CCTV yesterday to talk about the rally in Chinese markets and why investing in China is less politically risky than putting your money in US businesses.

“I think the political risk is overblown. I think there’s a lot of political risk here in the United States. I think that there’s a big risk that the US government is going to start raising taxes and confiscating profits through taxation. I think you have less political risk over there, although the market doesn’t perceive that…”