Monthly Archives: April 2013

Today, Peter Schiff debated long-term gold fundamentals with Doug Kass on CNBC’s Futures Now.

“If the fundamentals actually changed that had been making me bullish on gold for the last decade…then I would change, but they haven’t. The fundamentals that started me buying gold when it was under $300, those fundamentals are still here. The Federal Reserve is doing exactly what I thought they were going to do, which is why I’ve been buying gold all these years.”

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Yesterday, Peter Schiff appeared on After the Bell on Fox Business to show Liz Claman in person how the Valcambi gold CombiBar works. These unique gold bars break into 1-gram pieces, perfect for bartering in case of an emergency.

“If we have a currency crisis, people might not be willing to sell you anything for worthless paper. They might want real money. And the beauty of these bars is that you can break them apart… Ben Bernanke is going to keep on printing money to artificially stimulate the economy. He can never stop, because this whole phony economy is built on cheap money. The minute you take away the cheap money… the government has to default on its debt. It’s like Greece, it’s like Cyprus…”

A few weeks ago, Peter Schiff hosted a Q&A after the New York City premier of the new movie Silver Circle. Silver Circle is set in the near future, and follows the adventures of a group of rebels who have created an underground, fundamentally sound silver currency to battle a tyrannical Federal Reserve that has destroyed the American economy. Peter attended the movie premier, and then stuck around afterwards to talk about sound money and the irresponsible policies of the real Federal Reserve.

“I think gold and silver are a better alternative, and I think more people will ultimately put their trust there. But the free market is going to win. When people wake up to the realization that governments are now deliberately creating inflation… market forces will ultimately force governments to provide a more stable currency.”

Yesterday, Peter Schiff appeared on CNBC to counter Goldman Sachs’ bearish gold forecast. For once, the CNBC analyst agreed with Peter: now is the perfect time to buy gold.

“People are searching for alternatives to fiat money. Obviously when central bankers all around the world are printing money like it’s going out of style, people are looking for alternatives. Some people are jumping at bitcoins. This is new. I don’t know if this is a bubble or a sustainable alternative. I still prefer the real thing. I still prefer gold, something with intrinsic, tangible value, than something on a computer. But I know this: we need alternatives to dollars, Japanese yen, or euros…”