Category Archives: Videos

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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Peter Schiff appeared on Fox Business this morning to talk about the market’s perception of gold, the extraordinary surge in gold sales this month, and hidden inflation in the US and Japan.

“Gold has been up for 12 consecutive years. It’s entitled to a correction. It’s incredible how the media has jumped all over this… We’re still at $1,400. I think it’s a bit premature for the people who have been advising their clients not to buy gold for the past decade to be patting themselves on the back.”

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Yesterday, on CNBC’s Kudlow Report, Peter Schiff made the case that the economy is not improving, that inflation is worse than reported, and that a dollar crisis lies ahead.

“The money is being printed, that is the definition of inflation. We are expanding the money supply… Prices are rising. Everybody who shops knows that. But eventually you’re going to see much higher increases in consumer prices. The government isn’t going to be able to hide that with the CPI and the government is going to be in a box… One way or another we’re going to have this dollar crisis. It’s not a matter of if, it’s a matter of when.”

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

Today, Peter Schiff debated long-term gold fundamentals with Doug Kass on CNBC’s Futures Now.

“If the fundamentals actually changed that had been making me bullish on gold for the last decade…then I would change, but they haven’t. The fundamentals that started me buying gold when it was under $300, those fundamentals are still here. The Federal Reserve is doing exactly what I thought they were going to do, which is why I’ve been buying gold all these years.”

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