Category Archives: Videos

Peter Schiff appeared on the Business News Network this afternoon to comment on the new jobs data and why it isn’t anything to be happy about. In fact, the jobs data portends an economy that is sinking back into a recession. On top of that, Peter explains why the supposed housing recovery is just an illusion. So what investment opportunities do exist? Peter recommends avoiding the dollar and buying gold, which is vastly under-priced.

“We lost another 6,000 manufacturing jobs… You know where all the big job gains are? It’s in leisure and hospitality. We have more people in America now working in bars and restaurants than ever before. These are not good jobs, they are low paying, part-time jobs and you cannot build an economy on these types of jobs… The numbers are going to get worse. The jobs that we are creating – these phony jobs – are a function of all the cheap money and all the excess spending and borrowing that goes along with it.”

Watch the Full Interview Here

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In his latest appearance on Fox Business, Peter Schiff gets in a friendly argument about the hidden inflation obscured by phony government measurements. He also reminds investors that we’ve seen volatility like this in the gold market in the past, just before gold soared to new highs.

“The definition of inflation is an expansion in the money supply… The Fed is buying $85 billion a month of Treasuries and mortgages. Where do you think that money is coming from? It is being created into existence out of thin air by the Federal Reserve… Eventually our trading partners are going to stop absorbing our inflation. The dollar is going to tank… and all this inflation that we’ve been exporting is going to hit us like a tsunami.”

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts:@SchiffBlog

Today, Peter Schiff appeared on CNBC to answer the question, “Should gold have ever been $1,900 an ounce in the first place?” Peter defends his long-term stance on gold and points out that the falling price of gold will soon have serious effects on the mining industry.

“We know at $1,200 [an ounce], the majority of gold mines can’t even mine [gold] profitably. So gold is now trading for less than the cost of producing it, and of course in order to produce it you have to own a gold mine, which is very hard to do. So the price of gold can’t stay down here for a long period of time, because then the gold companies will shut down and there will be no supply.”

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog

Peter Schiff recently spoke with Stefan Molyneux, host of Freedomain Radio, about the truth behind the gold market correction. Their wide-ranging discussion is an excellent introduction to how the economy reached the quagmire it is in now and how a healthy economy functions. Peter also gives advice on how to avoid and prepare for the real crash that is yet to come.

“Really what’s happened, there’s been a crash in confidence. There’s been a crash in investor expectations when it comes to the price of gold. There actually hasn’t been a crash in the price. I think the sentiment is wrong, that the public is wrong, that the professional investors are wrong. Remember – the guys that are ultra bearish on gold right now are the same guys that were extremely bullish when it was at the highs at 1900. The consensus doesn’t have a very good track record when it comes to gold.”