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Silver Looks Golden: Peter Schiff Q&A

Peter Schiff recently gave an exclusive interview to Commodity HQ, focusing on the great potential silver has in the coming years. Rather than worry about investment products that are backed by physical gold or silver, Peter recommends buying the actual precious metals and storing them in a safe place.

“[Investors] should be paying attention to both gold and silver. They are both precious metals and I think they are both going to benefit from the continuous inflation that is being created. This comes primarily from the Federal Reserve, but also from central banks around the world that kind of battle each other in a currency war that is really a race to the bottom to see which country can depreciate their currency the fastest. That is a great environment for alternatives to fiat currencies. Gold and silver have been real money for thousands of years and I think they will be primary beneficiaries of the current round of quantitative easing.”

Read the Full Interview Here

commodity hq silver

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Today’s Key Gold Headlines – 10/15/13

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Avoid US Markets, Invest in Precious Metals (Video)

On CNBC Asia last Friday, Peter Schiff explained why he has no doubt that the government will raise the debt ceiling. Of course, this only means more pain in the long-term and eventually a dollar collapse and sovereign debt crisis. If you want to protect yourself from this looming economic crisis, Peter recommends avoiding US markets that depend on consumer spending. Instead, diversify into hard assets like physical gold and precious metals.

“I think [our creditors are] going to flee the dollar, flee the Treasury market. We’re telling the world that default is inevitable. We said if we don’t raise the debt ceiling, then we have to default. That means we can only pay our bills so long as we can borrow the money to do it. But you don’t pay your bills by going deeper into debt… When our creditors realize that…they’re never actually going to get paid back, then they’re not going to keep on lending. Then all we’ve got is the Fed and a printing press.”

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
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Today’s Key Gold Headlines – 10/14/13

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
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Debt Ceiling & Gold – Hype vs Reality (Video)

In his latest video blog, Peter Schiff explains why Goldman Sachs is completely wrong with its prediction that gold will plummet if the debt ceiling is raised. Peter also reminds us that he’s always predicted that Obama would make the worst possible choice for replacing Bernanke as Fed Chairman: Janet Yellen.

“Not raising the debt ceiling – that is not why somebody’s going to buy gold. Not raising the debt ceiling would be bearish for gold. Why? Because if the debt ceiling is not raised, that means the government can’t go deeper into debt. That means government spending has to be slashed. That would also bring the US into a badly needed and way overdue recession… What’s bullish for gold is raising the debt ceiling.”

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Rickards: We’re In a Depression (Video)

Yesterday, on Yahoo! Finance, Jim Rickards spoke with Lauren Lyster about how Janet Yellen will perform as Chairman of the Federal Reserve. Rickards agrees with Peter Schiff, reasoning that Yellen is going to keep the stimulus flowing. He also explained why he thinks the US is actually in a depression and will be experiencing a recession within that depression next year!

“You can have a recession within a depression, in fact I expect a recession next year… This recovery is four years old. The average recovery is fifty months or so… Besides that, with the sequester, the government shutdown… Fewer and fewer people are working, so I don’t see where the drivers of growth are coming from.”

Watch the Full Interview Here

Screen Shot 2013-10-11 at 11.25.50 AM

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
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Today’s Key Gold Headlines – 10/11/13

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
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Yellen Will Be a Dangerous Fed Chairman (Video)

Yesterday, on Business News Network, Peter Schiff spoke about the disastrous consequences of choosing Janet Yellen as Chairman of the Federal Reserve. He also explained why government spending should be dramatically cut, rather than raise the debt ceiling. If you agree with Peter that the US is on the road to ruin, consider diversifying out of the US dollar – buy physical gold and precious metals.

“[Yellen’s] going to spike the punchbowl with even more alcohol. She’s going to take the $85 billion a month in QE that we’re getting now and she’s going to take it up a few notches… She’s going to resist the cure as long as possible. She actually thinks inflation is good, that you create prosperity and growth and jobs by debasing money. So this is a very dangerous person at a very dangerous time to be heading a very dangerous institution like the Fed.”

Watch the Full Interview Here

Screen Shot 2013-10-10 at 11.12.27 AM

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
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Today’s Key Gold Headlines – 10/10/13

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
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Priced in Gold, American Wages Are Dismal

Forbes published an eye-opening op/ed by Keith Weiner of the Gold Standard Institute today. Weiner first looks at the government’s historical data on the costs of consumer goods and employee salaries. He then looks at the same data in terms of gold ounces, revealing that American workers are laboring longer for dramatically less pay than their parents. Not only that, but their purchasing power has also plummeted since the 1960s, before Nixon completely severed the US dollar from the gold standard.

“By switching to gold, we can measure both wages and prices on an absolute scale—in ounces—and we can make precise comparisons. To convert the price of anything to gold, just divide the price by the current gold price. For example, in 2011 if a big-screen TV was $785, then divide that by the gold price of that year; the television set cost half an ounce of gold.

The bottom line is that, in terms of gold, wages have fallen by about 87 percent. To get a stronger sense of what that means, consider that back in 1965, the minimum wage was 71 ounces of gold per year. In 2011, the senior engineer earned the equivalent of 63 ounces in gold. So, measured in gold, we see that senior engineers now earn less than what unskilled laborers earned back in 1965.”

Read the Full Commentary Here

1 kilo physical gold bullion

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
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