Category Archives: Videos

Yesterday, Peter Schiff appeared on After the Bell on Fox Business to show Liz Claman in person how the Valcambi gold CombiBar works. These unique gold bars break into 1-gram pieces, perfect for bartering in case of an emergency.

“If we have a currency crisis, people might not be willing to sell you anything for worthless paper. They might want real money. And the beauty of these bars is that you can break them apart… Ben Bernanke is going to keep on printing money to artificially stimulate the economy. He can never stop, because this whole phony economy is built on cheap money. The minute you take away the cheap money… the government has to default on its debt. It’s like Greece, it’s like Cyprus…”

A few weeks ago, Peter Schiff hosted a Q&A after the New York City premier of the new movie Silver Circle. Silver Circle is set in the near future, and follows the adventures of a group of rebels who have created an underground, fundamentally sound silver currency to battle a tyrannical Federal Reserve that has destroyed the American economy. Peter attended the movie premier, and then stuck around afterwards to talk about sound money and the irresponsible policies of the real Federal Reserve.

“I think gold and silver are a better alternative, and I think more people will ultimately put their trust there. But the free market is going to win. When people wake up to the realization that governments are now deliberately creating inflation… market forces will ultimately force governments to provide a more stable currency.”

Yesterday, Peter Schiff appeared on CNBC to counter Goldman Sachs’ bearish gold forecast. For once, the CNBC analyst agreed with Peter: now is the perfect time to buy gold.

“People are searching for alternatives to fiat money. Obviously when central bankers all around the world are printing money like it’s going out of style, people are looking for alternatives. Some people are jumping at bitcoins. This is new. I don’t know if this is a bubble or a sustainable alternative. I still prefer the real thing. I still prefer gold, something with intrinsic, tangible value, than something on a computer. But I know this: we need alternatives to dollars, Japanese yen, or euros…”

Peter Schiff appeared on CNBC Asia last night to explain why all the fundamentals indicate people should be buying gold, not selling it.

“I think people should be buying gold…The central banks are creating inflation rather than allowing economies to restructure. The only reason it appears the worst is over is because of all the inflation the central banks are creating to prop these phony economies up. And that’s good news for gold. That’s a reason for buying gold, not for selling it… I think gold will be higher at the end of the year than it is today.”

Peter Schiff’s latest conversation with Greg Hunter on USAWatchdog revolves around the trustworthiness of government-insured banks in the wake of the Cypriot crisis, the inevitably painful unwinding of the Fed’s stimulus, and the long-term future for gold.

“I think with interest rates so low in many parts of the world… why would you leave any extra money in a bank to get 0% interest, when you know that your bank is probably insolvent, may very well fail, and even if the FDIC bails you out, you’re going to lose to inflation? So why take a risk? I think pull your money out, put it in some kind of investment… Buy anything other than a piece of paper which is going to lose value.”

In his latest interview on CNBC, Peter Schiff is grilled about why gold is doing poorly while the economy appears to be improving. Schiff uses the opportunity to thoroughly explain why the popular perception of a strong US dollar and improving economy is wrong.

“I do believe you have a lot of speculators who are selling gold. But if you look at the real demand, real physical demand for gold, by investors, savers – not speculators – that demand continues to increase. And I think gold demand is increasing amongst central banks. I think central banks who are buying gold really want to own a lot more gold than they currently have, they’re just trying not to push up the price as they buy it.”