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- Michael P. Shipley on Euro Pacific Precious Metals Is Now SchiffGold
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Monthly Archives: August 2013
Today’s Key Gold Headlines – 8/26/13
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Posted in Daily Gold Headlines
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Watch Out Short Sellers, Gold Rally Is Coming (Video)
In an interview on Yahoo! Finance, Peter Schiff explained why he thinks investors who are shorting gold futures are in for trouble.
“[While futures traders have been betting against gold,] Real demand for physical gold has been increasing the entire time. And so the problem is that physical gold is disappearing. Ultimately, the short sellers have to be able to deliver the commodity they’re selling short. They’re not going to be able to do that… I think that everything supports that this is another buying opportunity in a string of buying opportunities.”
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Posted in Interviews, Videos
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Why Does Everyone Believe the Economic Propaganda? (Video)
Peter Schiff spoke with Yahoo! Finance about the latest recalculation of United States GDP.
“In the case of GDP, they want the numbers to look bigger. In the case of inflation or unemployment, they want the numbers to look smaller. What’s amazing is that the public, the financial media [and] academia, they just gobble this stuff up. There’s not a word of protest. Where are the economists who are calling out the government for the fraud in what they’re doing in trying to change GDP?”
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Posted in Interviews, Videos
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Today’s Key Gold Headlines – 8/23/13
- Silver Regains Its Feet after a Buffeting, Wall Street Journal
- Gold’s Rout Spurs Surge in Indonesian Demand, Bloomberg
- Platinum Touches Four-Month High on Demand Hopes, Wall Street Journal
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Posted in Daily Gold Headlines
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Peter Schiff: Economy Is Imploding, Not Growing (Video)
Greg Hunter of USAWatchDog spoke with Peter Schiff about his latest commentary, “The GDP Distractor” and the true size of the US economy. Peter talks about whether or not you should keep your money in the banks and why Americans should expect to pay more for less in the coming years.
“The standard of living has gone down remarkably despite all the technology and all the other advancements that should have made our standard of living go up. The standard of living is coming down. Why is that? I think because the economy is not as productive as it used to be. We’re a smaller economy in real terms… I think you’re going to see higher and higher prices.”
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Posted in Interviews, Videos
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Today’s Key Gold Headlines – 8/22/13
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Faber: Own Physical Gold (Video)
Marc Faber, editor of the Gloom Doom & Boom Report, appeared on CNBC to give his take on the current precious metals market. Faber was skeptical about the health of the stock market, hinted that it is in a bubble, and emphasized the importance of having safe haven hard assets in your portfolio.
“I have a preference for physical gold held in a safe deposit box outside the United States… Some experts say they don’t like gold. Well, they never owned a single ounce of gold during gold’s great bull market of 1999 to 2011. So I don’t pay much attention to so-called experts.”
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Posted in Interviews, Outside Commentaries, Videos
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Today’s Key Gold Headlines – 8/21/13
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The GDP Distractor
In his latest commentary, Peter Schiff explains the difference between the CPI and the GDP deflator as measurements of inflation. He then shows how the two measurements have increasingly diverged from each other over the years, suggesting that American economic growth as measured by GDP is not nearly as robust as the government would like us to believe.
“Albert Einstein, a man who knew a thing or two about celestial mechanics, supposedly once called compound interest “the most powerful force in the universe.” While the remark was likely meant to be funny (astrophysicists can be hilarious), it sheds light on the often overlooked fact that small changes, over time, can yield enormous results. Over eons, small creeks can carve large canyons through solid rock. The same phenomenon may be at work in our economy. A minor, but persistent under bias in the inflation gauge used in the Gross Domestic Product (GDP) may have created a wildly distorted picture of our economic health.
It would be impossible to measure the economy without “backing out,” inflation. That is why economists are very careful to separate GDP reports into two categories: “nominal” (which are not adjusted for inflation), and real (which are). Only the real reports matter. The big question then becomes, how do we measure inflation? Just as I reported last week with respect to the biases baked into the government’s GDP revisions, the devil is in the details.”
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Posted in Peter's Commentaries
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Staggering US Mint Silver Eagle Coin Sales
Peter Schiff’s latest research report, The Powerful Case for Silver (available for download here), noted the wide gap between US Mint sales of American Silver Eagle and American Gold Eagle coins. The numbers continue to amaze. In a commentary on Wealth Wire, Steve St. Angelo goes through the numbers and explains why smart investors are making big plays on physical silver. For those who cannot afford to buy gold right now, silver is a great alternative to consider.
Read the Full Commentary Here
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