Category Archives: Interviews

Peter Schiff was on Gold Seek Radio last week to discuss the latest correction in the gold price and to review the overall state of the global gold market.

“I don’t see any evidence that the investors are leaving the [gold] market… It’s the speculators that are being flushed from the market and how is that a bad sign? That’s always been a good sign, when you take the froth off the bull market, because weak players are flushed out… So to me, this has all the look of a correction of a bull market… “

Peter’s Interview Begins at 1:10:30 Below

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Today, CNBC’s Futures Now spoke with Peter Schiff about the disparate performance of paper versus physical gold in the first quarter of the year. Peter also addressed the plight of fiat currencies in the face of an international currency war and how this is also a bullish indicator for gold.

“I would say that speculative demand is what went down. I think a lot of people who came late to the gold rally were speculating in gold. They were simply buying it because the price was rising, they wanted to hop on that train… So I think the speculators have been flushed from the market in this pullback, but the investors – they’re still there. Because all the reasons that they’ve been buying gold for the past ten or twelve years, those reasons have never been stronger.”

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Peter Schiff appeared on Fox Business yesterday to contend that Ben Bernanke’s easy money policies are not helping the economy, as many claim the rising stock market proves.

“People felt great as the housing bubble was inflating in 2003, 04, 05, 06 – we’re just blowing more air into the same bubble. If we had a more responsible federal reserve that wasn’t monetizing all this debt… printing money and buying treasuries and buying mortgages. If they let interest rates go to a free market price, the Dow Jones would be thousands of points lower right now.”

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Peter Schiff appeared on Yahoo! Finance’s Breakout today to talk about the phony CPI inflation numbers when compared to the rise in price of a Big Mac. Since 2002, the price of a Big Mac has gone up over 6% a year, while the government claims inflation is about 2.5% a year. How are you protecting the purchasing power of your wealth?

“The government is creating inflation… It’s buying $85 billion worth of mortgages and government bonds every month. That’s the inflation. You can see it manifest itself in stock prices, in real estate prices, in bond prices. It’s all over the place, but the government can’t acknowledge that it exists, because it can’t do anything about it.”

Click Here to Watch the Video Interview

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On Friday, Peter Schiff appeared on CNBC to weigh in on the rising stock market, and why investors should be buying gold instead:

“When this bubble bursts, it’s going to make 2008 look like a Sunday school picnic… Don’t worry about all this media talking about the crash in the gold market. The gold market is in a much bigger bull market than the stock market, and I think a few years from now the Dow is going to be at a much lower level relative to gold than it is today. Back in 2000, the Dow was 40 ounces of gold, now it’s only about 10.”

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Peter Schiff appeared on the first episode of RT America’s Prime Interest to speak about impossibility of the Fed safely ending QE and restoring interest rates to normal levels. He also expands on inflation in Japan and the waning role of the dollar as the world’s reserve currency.

“The dollar is going to lose [it’s reserve] status. What’s going to replace it, I don’t know… I think that gold will be a more important reserve asset in the future than fiat currencies… Gold is going from the West to the East, from the debtors to the creditors… I think the only way to really restore confidence in the greenback is going to be to back it by gold.”

Peter’s segment runs from 2:25 to 14:25 below.

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Yesterday, on CNBC’s Squawk Box, Peter Schiff explained how the Fed’s stimulus has only delayed the real recession that will ultimately trigger a dollar collapse, and why Japan is stewing in the same brew of bad money.

“The bottom will drop out of the dollar. The US dollar is going to lose a lot of value. Not only against goods, but against other fiat currencies. The dollar is going to go down, that’s going to push prices up higher in the United States, consumer prices. Eventually the fed is going to have to turn off the presses in order to save the dollar and that’s when the real fun begins, because that’s when this whole bubble economy implodes…”

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In his latest appearance on CCTV, Peter Schiff spoke about the worldwide trend of monetary easing by central banks and how devastating it has been for the US economy.

“Just because the GDP number is getting bigger, it doesn’t necessarily mean the US economy is actually growing. It’s just the way we calculate the growth… A lot of the GDP is simply spending borrowed money… We borrow a lot of money, we import a lot of Chinese goods… We need to have a restructuring of the economy, but the government is preventing that from happening.”

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