Peter Schiff’s Official Gold Blog

A new opinion piece at MarketWatch rips into the corrupt policies of the Federal Reserve. Al Lewis cites recent analysis that estimates the Fed’s inflationary policies have cost American savers more than $750 billion since the 2008 financial crisis. Last year alone, savers lost more than $120 billion in purchasing power. What’s one of the best ways to protect your savings? Physical gold and silver.

“Our financial system is so corrupt you might say that a fish rots from the Fed.

How else can one describe a regime that punishes savers and rewards borrowers and speculators for years on end? Our central bank is essentially taking billions of dollars a year from average Americans, who are still struggling to get by in a bombed-out economy, and it is giving it — yes, giving it — to the very banks that helped cause the 2008 financial crisis in the first place.”

Read the Full Piece Here

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As Western financial media continues to downplay the importance of gold investment, Asian demand for the metal remains strong. China may have surpassed India as the world’s largest gold consumer last year, but Indians are still desperate to find ways around their government’s strict import tariffs on the yellow metal.

It’s no surprise that Indian gold smuggling has skyrocketed in the past year, but here is one of the most unusual stories we’ve yet heard. An Indian man had twelve gold bars surgically removed from his stomach this past week. It gives a whole new meaning to the old phrase, “You can’t eat money!” If only Americans were this committed to their gold consumption…

Read the Full Article Here

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Interested in learning about the best ways to buy gold and silver?
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In a new commentary from Casey Research, Laurynas Vegys looks at how the crises in Syria and Ukraine affected the price of gold. Vegys then argues that the most concerning crisis isn’t overseas – it’s the unprecedented levels of US government debt. Sure, gold may respond to volatile international conflicts, but true disaster awaits those Americans who are over-invested in the US dollar.

“This ever-growing mountain—volcano—of government debt is long-term, systemic, and extremely difficult to alter trend. Unlike the crises in Ukraine and Syria (at least, so far), it’s here to stay for the foreseeable future. While some investors have grown accustomed to this government-created phenomenon and no longer regard it as dangerous as outright military conflict, make no mistake—in the mid- to long-term, it’s just as dangerous to your wealth and standard of living.”

Read the Full Piece Here

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!