Category Archives: Peter’s Commentaries

Peter Schiff’s September Gold Letter has been released, and it is worth noting that this will be its final edition. Stay tuned for the launch of Peter Schiff’s Gold Video Dispatch in October.

This month, Peter explains how the groundwork has been laid for an exciting autumn season in the physical precious metals market. If you’ve been waiting to buy gold, now might be the perfect time! You’ll also find an eye-opening commentary from Charles Hugh Smith and Lampoon the System’s latest jibe at the jokers who “saved” Detroit.

“Summer is traditionally a slow season for precious metals, but this summer started with a rout. In the last week of June, gold and silver hit 2-year lows of $1,192 and $18.61 respectively.

Fortunately, after staggering along the lows, the precious metals are off to the races once more – with gold rallying more than 18% and silver 28%. This remarkable performance continues even in the face of the Fed’s sustained tapering threats.

The exhaustion of short-sellers paired with insatiable global physical demand has positioned gold for an exciting conclusion to a volatile year.”

Continue Reading Peter Schiff’s Gold Letter

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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.”

Read the Full Commentary Here

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Peter Schiff’s latest gold letter came out this morning, with an article by Jeff Clark of Casey Research on the booming solar power demand in China and its implications for physical silver. Precious Metals Specialist Dickson Buchanan examines some technical indicators for the health of physical precious metals, while Peter’s commentary takes a look at the recent action in gold futures.

“I’ve been emphasizing for months that the current correction in the gold price is a result of speculative money fleeing the market and not any reflection of gold’s long-term fundamentals. Unfortunately, there is so much money to be made (and lost) by day trading that my cautions have once again fallen on deaf ears.

Well, it looks like the so-called “technicals” are starting to support my theory, and so this month I’m going to depart from my typical discussion of market fundamentals and take a look at the COMEX gold futures market. It turns out that the same paper markets that helped drive the price of gold down are beginning to run into the hard reality of physical gold demand; their reversal may push gold to new highs.”

Continue Reading Peter Schiff’s Gold Letter

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Peter Schiff released a special new research report last week, The Powerful Case for Silver. In his latest commentary, Peter summarizes the report’s major arguments for why silver is an essential part of a diversified precious metals portfolio.

“I am a well-known ‘gold bug’ because of my strongly voiced opinion that gold has been one of the best assets for protecting yourself from the US dollar’s prolonged decline.

Lately, the precious metals have taken a beating, and I’ve been called to defend gold’s future prospects in the media countless times. While I am confident that gold will rebound with a vengeance before long, I think investors are potentially missing an even greater opportunity in that other monetary metal: silver.

To address this oversight, I have compiled a special report called The Powerful Case for Silver, which is available at www.schiffsilver.com. This 14-page report report contains in-depth analysis of what I believe to be the strongest arguments for owning the white metal. What follows is a general overview of the key arguments I make in the report.”

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Download The Powerful Case for Silver Now

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