Calls to Action
Archives
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- November 2011
- September 2011
Recent Comments
- Michael P. Shipley on Euro Pacific Precious Metals Is Now SchiffGold
- sell diamonds ny on Destroying the Dollar a Penny at a Time
- Gold and silver buyers on Why Is China Buying So Much Gold?
- Lloyd Bardell on The Swiss Want Even More Economic Freedom (and Gold)
- Klaus on Every Janet Yellen Press Conference Ever in Under 4 Minutes (Video)
Category Archives: Peter’s Commentaries
Peter Schiff on Debt & Gold
In an interview with The Daily Caller, Peter Schiff shares his views on the debt ceiling agreement, the future of gold and silver, and how indebted individuals can best prepare for the coming economic crisis.
“Both [gold and silver] are undervalued because no one understands them. Gold’s future is bright, just like its past. Its value won’t end anytime soon. A lot of people have forgotten it’s money, and that paper is just a substitute. We can’t just have fiat currency. That’s why we have so many problems.”
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?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Posted in Interviews, Peter's Commentaries
Comments Off on Peter Schiff on Debt & Gold
Janet Yellen Exposed – Truth Behind the Myth (Video)
In a new video blog post, Peter Schiff expands at length upon Janet Yellen’s lousy record as an economist. While the media claims that Yellen warned of the housing bubble as early as 2005, Peter reveals that this is a complete whitewash of the truth. Looking directly at Yellen’s own words, he demonstrates that Obama’s nominee for Fed Chairman is likely to bring only more stimulus and inflation while doing nothing to prepare for the real crash.
“Janet Yellen is just as clueless as everybody else. In fact, she admitted as much herself. In 2010, when she was testifying before the financial crisis enquiry commission… [Quoting Yellen] ‘I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the SIV’s – I didn’t see any of that coming until it happened.'”
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?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Posted in Peter's Commentaries, Videos
Comments Off on Janet Yellen Exposed – Truth Behind the Myth (Video)
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.”
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?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Posted in Interviews, Peter's Commentaries
Comments Off on Silver Looks Golden: Peter Schiff Q&A
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.”
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?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Posted in Peter's Commentaries, Videos
Comments Off on Debt Ceiling & Gold – Hype vs Reality (Video)
The Taper Fakeout
Peter Schiff’s October Gold Letter is out today. In his monthly commentary, Peter picks apart the Fed’s rhetoric to explain why the stimulus will never be tapered. Jeff Clark of Casey Research ponders whether Chinese housewives or Western bankers understand gold better. And the latest Lampoon the System comic takes a poke at Bernanke’s “Exit Strategy.” Enjoy!
“Anyone who bought the media buzz about a September reduction of QE – called the ‘taper’ – was very surprised when the Federal Reserve announced that stimulus would continue unabated. According the the official narrative, inflation is under control and the labor market is steadily improving. Why wouldn’t a modest taper be announced?
The reality is that the economic indicators the Fed claims to rely on to decide when to taper are all dependent on stimulus money. This is not a mystery to Ben Bernanke. Instead, this entire saga amounted to little more than a ‘taper fakeout’ which sent hard asset investors for a loop.”
Continue Reading Peter Schiff’s Gold Letter
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?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Posted in Peter's Commentaries
Comments Off on The Taper Fakeout
The Fed’s Non-Taper Damage Control (Video)
In his video blog response to the Fed’s announcement of unabated quantitative easing, Peter Schiff exposed the doublespeak behind the Fed’s reasons for tapering.
“Ben Bernanke went over a whole list of things to describe why the US economy was not strong enough for a taper. How is that going to change in four weeks? It’s not. If the Fed was going to taper, they would have done it in September, not wait until October. Everybody was ready for a taper, the markets were prepared for a taper. All they had to do was deliver on those expectations. The fact that they didn’t do it meant they had no intention of doing it.”
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?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Posted in Peter's Commentaries, Videos
Comments Off on The Fed’s Non-Taper Damage Control (Video)
Peter Schiff Is Right Again: The Taper That Wasn’t
In his latest commentary, Peter Schiff shares his thoughts on today’s news that the Federal Reserve will not taper its quantitative easing program and continue to purchase $85 billion worth of Treasuries and mortgage-backed securities every month. Peter has been predicting this outcome all summer. In this piece, he explains the limited options left to the Fed as this disastrous monetary policy continues to drag on the economy. It’s worth noting that the price of physical gold and silver surged on today’s news, as investors were reminded that precious metals remain a superior safe haven asset.
The Fed’s failure today to announce some sort of tapering of its QE program, despite the consensus of an overwhelming percentage of economists who expected action, once again reveals the degree to which mainstream analysts have overestimated the strength of our current economy. The Fed understands, as the market seems not to, that the current “recovery” could not survive without continuation of massive monetary stimulus. Mainstream economists have mistaken the symptoms of the Fed’s monetary expansion, most notably rising stock and real estate prices, as signs of real and sustainable growth. But the current asset price bubbles have nothing to do with the real economy. To the contrary, they are setting up for a painful correction that will likely be worse than the one we experienced five years ago.
Posted in Peter's Commentaries
Comments Off on Peter Schiff Is Right Again: The Taper That Wasn’t
Fed Never Intended to Taper (Video)
This is one situation where it stings to be the one saying, “I told you so!” Yesterday, in anticipation of today’s Fed’s announcement, Peter Schiff discussed the Fed’s various options when it comes to tapering QE. However, Peter made it clear all along that he believed the Fed had no intention of actually tapering QE in a timely manner. Peter’s position has been borne out with the news that was released just an hour ago: there will be no tapering. It should come as no surprise that gold and silver surged on the news.
“From the beginning, when the Federal Reserve first announced this tapering plan, I was of the opinion that it wouldn’t take place according to schedule. That the fed would not be tapering in September… because I don’t believe it ever intended to taper… If you look at the rhetoric, tapering was always data dependent.”
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?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Posted in Peter's Commentaries, Videos
Comments Off on Fed Never Intended to Taper (Video)
Tapering QE Won’t Prevent Crisis (Video)
On CNBC’s Futures Now, Peter Schiff shared his expectations for gold and the Fed’s tapering announcement on Wednesday. Peter defended his long-term positions in physical gold and argued that the next big thing the Fed is going to do is increase QE.
“When we have a loss of confidence in the dollar and in the US Treasury market and we have a currency crisis and a sovereign debt crisis, that’s when gold is going to shine the brightest. And that’s what I’ve been preparing for. I know that crisis is coming and I want to own gold when it happens.”
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?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Posted in Interviews, Peter's Commentaries
Comments Off on Tapering QE Won’t Prevent Crisis (Video)
Preparing for the Inevitable Dollar Collapse
This week, Peter Schiff spoke with Gold Silver Worlds about why the collapse of the US dollar is unavoidable and what you can do to protect yourself from it.
When countries (other than the US) have a confidence problem with their currency, what is the way to restore confidence? They link it to the dollar with the aim to impose discipline. But when the dollar collapses, what could countries peg their currency to? The only thing that would make sense to stabilize the dollar and recreate confidence is gold. Gold is the main reserve of the US. The US has 90% of its reserves in gold and no foreign reserves.
Gold was the international reserve before the dollar hegemony. Going back to the gold standard would result in one of the two things: either the price of gold goes up or the price of everything else goes down. Schiff believes that it is much easier to adjust the price of one thing up instead of the price of every other asset down. His expectation is that the gold price will go much higher from here.”
Read the Full Q&A Here
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?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!