Category Archives: Videos

Peter Schiff’s latest video blog explains the Cyprus bailout’s effect on depositors, and how the United States will face a much worse situation.

“If you think your money is at risk in a bank and you pull it out, what are you going to do with it? Well, putting it in gold is a great alternative. In fact, if you had euros deposited in a Cyprus bank, now you’ve lost…close to 10%…of your euros. But if you had gold in a safety deposit box in a Cyprus bank, you haven’t lost an ounce. So the people who have gold are whole, and those who have euros…they’ve had a loss. So this highlights the safe haven aspect of gold.”

In an exclusive precious metals video, Peter Schiff explains the correction in gold and silver, and why this is the perfect opportunity to allocate precious metals to an IRA.

“The truth is, our problems are largely in front of us, not behind us. The only reason that the economy appears to be recovering and the stock market appears to be rising is the government is debasing the money. The Federal Reserve is printing money, call it quantitative easing…it’s old fashioned debt monetization…Ultimately, it’s going to go right back into gold and silver.”

Peter Schiff answers a listener’s question about the possibility of another downgrade of US debt. Government debt isn’t the only investment to avoid – stay away from any dollar-denominated asset, and buy something with real value!

Ask Peter your own questions by calling into the Peter Schiff Show from 10 AM to 12 PM EST, Monday through Friday, at 855-4-SCHIFF.

“US government debt is, in effect, junk. And I think if you buy it, you will lose. You will either lose because the government defaults, or you will lose because you get repaid in money of diminished value. Either way, I don’t think that you want to buy the bonds. It doesn’t matter what S&P or Moody’s says.”

In his latest video blog post, Peter Schiff comments on the sequester cuts that went into effect on Friday, and then expounds on Ben Bernanke’s unrealistic exit strategy from the Fed’s quantitative easing.

“The Federal Reserve thinks that somehow, if they can just get this economy going with all this artificial stimulus, that they can remove these training wheels, and the economy is just going to coast along on its own. Well, it’s impossible. The stimulus – it’s not the training wheels, it’s the only wheels. You take those wheels away and the economy collapses. Ben Bernanke thinks he’s building an economy that can sustain itself without the Fed. It’s the opposite: Ben Bernanke is creating an economy that is completely dependent on the Fed.”