Chris Waltzek interviewed Peter Schiff on GoldSeek Radio last week. They began by discussing how the European Central Bank’s interest rate cut will influence the price of gold. They moved on to address the rising cost of living, Asian gold consumption, technical indicators of gold’s bottom, gold repatriation, buying precious metals with bitcoin, and much more.
“I think going into the second half of the year, people are going to be surprised by how weak the economy is… Yellen’s going to come back screaming for more QE. The gold market has to take off sometime between now and then… I think the problem that the traders are going to have is buying back the gold they sold… A lot of the gold that was dumped into the marketplace since the middle of last year is now very deep in some Chinese vault… It’s not coming back to the market. The people who bought gold at $1,300 or $1,400 – they ain’t selling it. They bought it to keep it, not to trade it.”
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Marc Faber Blames Media for Stifling Gold Investment (Video)
CNBC’s Futures Now had an interesting conversation with Marc Faber today. Though brief, Faber’s insights into the gold market were spot on. He urged investors to avoid overpriced equities and buy into physical gold while it is still cheap. On top of that, he blamed the financial media for hamstringing gold and scaring investors away from one of the best hard assets for wealth preservation.
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The Perfect Storm for Gold (Audio)
Chris Waltzek interviewed Peter Schiff on GoldSeek Radio last week. They began by discussing how the European Central Bank’s interest rate cut will influence the price of gold. They moved on to address the rising cost of living, Asian gold consumption, technical indicators of gold’s bottom, gold repatriation, buying precious metals with bitcoin, and much more.
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Oklahoma Makes Gold & Silver Legal Tender (Video)
The governor of Oklahoma just signed a law making gold and silver legal tender, beginning in November 2014. Following the leads of surrounding states like Texas, the law is another positive sign that some politicians are waking up to the importance of sound money and hard assets. The most important effect of the law will be a removal of sales tax from gold and silver purchases. Eliminating the 4.5% sales tax on gold and silver (the rate can be as high as 11% in some counties!) will essentially make precious metals that much cheaper for Oklahomans and encourage them to protect more of their savings with gold. Oklahoma Senator Kyle Loveless had this to say about the new law:
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History Channel Presents “The Gold Conspiracy” (Video)
Peter Schiff appeared in The History Channel’s short documentary “The Gold Conspiracy” that aired back in April. The program interviews precious metals experts like Peter and Jim Rickards to present the history of the gold standard and the latest theories surrounding the manipulation of the yellow metal’s price. The takeaway? Whether or not you buy into the conspiracy plots, the price of gold is still far less than it would be if the US dollar were still on a gold standard. Any gold manipulation is just an opportunity to buy the metal at a discount before the dollar collapses.
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Lou Dobbs & Peter Schiff: US Monetary Policy Is Destroying the Dollar (Video)
Lou Dobbs spoke with Peter Schiff about the latest jobs numbers on Fox Business last week. Dobbs agreed with Peter that the United States government needs to stop printing money and get out of the way for the American economy to truly repair itself.
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Was America Built on Debt? (Video)
Earlier this week, CNBC’s Steve Liesman revealed how backwards mainstream economic thinking is when he made the argument that America needs more consumer debt to have a healthy economy. Contrary to common sense and generally accepted knowledge, Liesman argued that America was built on debt and that consumers need to be taking on more of it. Peter Schiff wasn’t going to let these economic fallacies slide and tore into Liesman’s arguments on his radio show yesterday.
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Steve Forbes: Return to Gold Standard for Economic Stability (Video)
Forbes Media Chairman and Editor-in-Chief Steve Forbes spoke with Reuters about his new book Money, which makes the case for reinstating the gold standard.
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Phony Economy Needs to Collapse (Video)
Peter Schiff spoke with Hedgeye TV CEO Keith McCullough this week on “Real Conversations”. Peter discussed his debate with Nouriel Roubini from last week, explaining why Keynesian economists like Roubini are dead wrong when they argue that deflation is bad for the economy. Peter also explained his precious metals strategy based upon what he expects the government to do, not what he hopes it will do. This is an excellent, relaxed introduction to Peter’s investment philosophy.
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Brace for Impact (Audio)
Peter Schiff spoke with the SGT Report this week, discussing the inevitable decline of the US dollar due to the Federal Reserve’s unrepentant inflationary policies. Peter says that the Fed has locked itself into a box, and no matter how it chooses to escape, it’s already killed the dollar. They also discussed the end of the London Silver Fix and the logic behind keeping your savings in commodities like physical gold and silver.
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A Different Type of Housing Bubble (Video)
Peter Schiff appeared on Fox Business this morning to debate whether or not the US housing market is actually recovering. Peter argued that another bubble is forming in housing, but it is different from the last. If you’re thinking about getting back into real estate instead of buying physical gold or silver, you might want to reconsider.
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