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!
Peter Schiff appeared on CNBC’s Futures Now this week to share his expectations for the price of gold following the Federal Reserve’s policy statement. Peter also predicted the higher Q2 GDP number and explained why he thinks the US dollar isn’t nearly as healthy as everyone thinks. Finally, Peter emphasized that gold has had bad press in 2014, even though it has out-performed the stock market with an 8% rise in the first six months of the year.
“Gold has gone up every year but one since the year 2000. So if you’ve been calling for a rise in the price of the gold, you’ve been right every year except one. That’s not a broken record, that’s just understanding what’s going on and predicting a higher gold price. It’s the people that have been calling for gold’s demise every single year who don’t understand the fundamentals… No market goes up every single year… I know what’s driving the trend and that’s the central banks, particularly the Federal Reserve.”
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!
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!
Peter Schiff appeared on Yahoo! Finance yesterday to explain why he thinks the US economy is going to get worse in the second half of 2014, in spite of better Q2 GDP numbers. If economic data were reported more accurately, Peter believes we would discover that the US has been in a recession for the entirety of the Obama presidency. As it is, he thinks there is a good chance we’ll enter an official recession before the end of the year.
“Look at the housing data. It’s been terrible. Look at all the corporate earnings that have been coming out, particularly companies that service the middle-class and the lower-class. Earnings are disappointing. I think it’s clear that the economy is rolling over. People are buried under a mountain of debt. Prices are rising for utilities, for food. People are losing their full-time jobs [and] replacing them with low-paying part-time jobs.”
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!
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!
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!
In an exclusive interview originally published in Euro Pacific Capital’s summer issue of The Global Investor Newsletter (found here), Andrew Schiff spoke with Peter Boehringer of the German Precious Metals Society about the latest false news reports concerning Germany’s gold repatriation efforts.
A June 23 Bloomberg News story entitled “German Gold Stays in New York in Rebuff to Euro Doubters” made the seemingly straightforward case that the German authorities had decided to reverse course on a plan announced in 2012 to bring home some 300 metric tons of German gold that had been on deposit at the New York Federal Reserve since the 1960s. According to the article, German representatives had gone to New York, seen their gold, were convinced that it was in good hands, and decided that the hassle of putting it on a plane and sending it back to Germany was simply unnecessary. The article quoted a spokesman for German Chancellor Merkel who said, “the Americans are taking good care of our gold.” The article even quoted Peter Boehringer, one of the leading private advocates of the German repatriation movement, as saying their campaign to pressure German authorities “is on hold.”
When the Germans originally asked for their gold back, the Federal Reserve countered with a painfully slow eight-year delivery period. This struck many as strange given that the total request only represented 5% of the gold reportedly held at the Fed’s New York vaults. The delay severely whipped up concerns that long-held theories about imaginary gold were actually true. The Bloomberg article appeared to dismiss all these concerns and bring the case to a close. Or did it? Almost immediately, people close to the matter cried foul.
I caught up with none other than Peter Boehringer of the German Precious Metals Society for this exclusive interview.
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!
Peter Schiff interviewed Doug Casey on his radio show this week. First they discussed Casey’s new short documentary Meltdown America, which warns about the looming financial and monetary collapse due to reckless central bank policies. They move on to explain to the listeners why both Peter and Doug buy physical precious metals like gold and silver to protect themselves from the current historic bubbles in the bond and stock markets.
“I continue accumulating gold very regularly… It’s the only financial asset that’s not simultaneously somebody else’s liability. And I’m not interested in holding paper in the over financialized world that we’re in today… I think we’re on the edge of something much worse than what we had in 2008 and 2009. If I look around the world to places where you can put your capital, real estate is over-priced. The stock market is greatly over-priced. The bond market is in a historic bubble… So what are you left with?” –Doug Casey
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!
The US Dollar’s Endgame (Video)
In his latest video blog post, Peter Schiff picks apart the last week’s US economic data, from the GDP to jobs numbers to the housing market to the performance of the Dow Jones. After explaining the endgame for the US dollar given our current economy, he lays out why the gold market is more resilient than the financial media is reporting.
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!