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Schiff on CNBC: Own Real Things! (Video)

Peter explains to some British CNBC hosts the reality of a dollar crisis.

“[The U.S.] economy is inherently more unstable. We depend on the charity of the rest of the world…the world has to keep lending us money despite the fact there is no way we can pay it back with legitimate money. We either have to default or we have to inflate. The real fiscal cliff is going to come when we run out of credit and we do face that crisis…Inflation is the number one concern of the average American…Inflation is already much higher than any reasonable central bank would tolerate…Buy gold, buy silver, buy something a central banker can’t create out of thin air!”

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Gold and Obama’s Reelection (Video)

Peter Schiff explains why he thinks the European economic crisis and the Greek voters are part of the reason Obama was reelected. While Obama can legitimately claim that he inherited a lousy economy from Bush, the economy he has created for his second term is dramatically worse. The second term of Obama’s presidency is going to see currency and sovereign debt crises that will hurt the people who “played it safe” by investing in government bonds. Gold and silver represent an excellent safe haven for people around the world who seek to avoid the repercussions of the United States’ crazy monetary policy, which Obama isn’t likely to change in the next four years.

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When Infinite Inflation Isn’t Enough

From the November edition of Peter Schiff’s Gold Letter:

If no one seems to care that the Titanic is filling with water, why not drill another hole in it? That seems to be the M.O. of the Bernanke Federal Reserve. After the announcement of QE3 (also dubbed “QE Infinity”) created yet another round of media chatter about a recovery, the Fed’s Open Market Committee has decided to push infinity a little bit further. The latest move involves the continuing purchase of long-term Treasuries when Operation Twist expires, thereby more than doubling QE3 to a monthly influx of $85 billion in phony money starting in December. I call it “QE3 Plus” – now with more inflation!

Continue reading here…

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Why Silver Is A Buy Now (Video)

I believe now is a terrific time to accumulate physical silver. In this video I explain why I believe that silver may outperform even gold in the coming months.

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QE3 Announced: Gold Surges, Dollar Slides Against Euro (Video)

The geniuses at the Federal Reserve have concocted a bold new plan to revive the U.S. economy — print a bunch of money, loan it to Americans at super low interest rates so they can speculate on rising real estate prices, extract the appreciated equity and spend it on consumer goods. In other words, build an economy of real estate, by real estate, and for real estate. The only problem is we’ve been there and done that. The last time it almost destroyed the U.S.economy. I guess almost isn’t quite good enough for the Fed, so now it’s determined to finish the job.

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Gold Breaks Out – Rallies to $1675 – Fed Plans QE3 (Video)

Peter Schiff reacts to the breakout rally of gold and silver in the wake of Federal Reserve meeting notes suggesting more money-printing on the way.

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Global Central Banks Ring Gold Buyers’ Bell (Video)

Peter Schiff reacts to this morning’s announcement of coordinated central bank bailout of U.S. and European banks. How does this affect your portfolio?

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State of the Gold Market (Video)

Peter Schiff gives his analysis of recent developments in the precious metals markets.

 

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