December 31, 2009

The Government Can`t Prop Up The Housing Market Forever

"The government is throwing everything at the market but the kitchen sink. It can't prop up housing markets forever."

Schiff is among the bigger bears. Though he gave no specific prediction, he thinks prices -- already down 29% from the peak -- are only halfway to the bottom.

in CNN Money

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 30, 2009

Latest Market Update: Video


Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 29, 2009

Government Intervention And Real Economic Recovery

"We're never going to have a real economic recovery until the government gets out of the way and allows the recession to run its course"

in Fairfield Minuteman

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 28, 2009

The Health Care Bill And The U.S. Constitution

Peter Schiff`s latest video blog update, December 28.

Topics: Healthcare Bill, US Constitution, deficit spending;

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Latest Market Update (Video)



Topics: Health Care Plan, removing the cap on Freddie Mac (FRE) and Fannie Mae (FNM), gold, us dollar;

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

We Didn't Learn Anything From The Experience of Greenspan and Bush

"Government stimulus is keeping interest rates too low and running big deficits and all we get, as a result, is reckless spending and reckless gambling. Wall Street took all this cheap money and gambled with it. American individuals took all this cheap money and spent it and now we're doing the same thing. We didn't learn anything from the experience of Greenspan and Bush.

We're never going to have a real economic recovery until the government gets out of the way and allows the recession to run its course."

in FairField Minuteman

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 22, 2009

Video Market Update, December 22

Latest Peter Schiff`s video market update:

Topics: Gold, US dollar, Dow Jones and 10 Year Treasuries;

"The yield on the 10 Year Tresuries is moving up and is a lot higher then it was"

"We will be back above 4% (on the 10 Year yiled) pretty quickly"

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 18, 2009

Gold Price Outlook

"I think 5,000 dollars is a reasonable expectation of where gold is headed over the course of the next several years, based on monetary and fiscal policy that is in place. Now if the government were to reverse course - if they suddenly brought the budget into surplus, and if the Fed aggressively raised interest rates back up to a reasonable level, say 5%, 6%, or 7%, not just a quarter-point every few months - then gold would probably not get to 5,000 dollars." in www.economy-news.co.uk

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 17, 2009

Latest Market Update : Video

Peter Schiff talks about a possible dollar rally like in 2005.

"But if it rallies, the US Dollar upmove won`t be significant."

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 16, 2009

The US Dollar Is Going To Fall For Years

"I think the dollar is going to fall for years. It's not going to fall every day, or every week. There are going to be periods of time where the dollar rallies -- that's how markets work.

Like a bull market climbs a wall of worry, a bear market follows a slope of hope. And there's always going to be hope that the dollar is going to recover, based on maybe the Fed will raise interest rates. Maybe the U.S. economy will improve. But none of that is going to help the dollar.

I think the dollar's fate has been sealed by the policies being pursued by the government and the Federal Reserve, and unfortunately it's a grim fate." in Motley Fool

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 14, 2009

Schiff On CNBC`s Fast Money

Schiff talks about the chinese stock market and its potential. He is looking for pure plays on China and on Asia.

Schiff on the US stock market:

"I own some of these names (Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), US Steel (X)) but the valuations are higher in the US (compared to China and Asia) and I am very afraid of the Obama Administration and Congress and what kind of punitive taxes and regulations might come on these companies"

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Latest Market Update: Gold Correction


Schiff talks about the recent`s gold correction:

"Gold is in a bull market" says Peter Schiff

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 13, 2009

Gold Prices Outlook

“Gold at 1,200 dollars is not expensive, considering all the money that we’ve created and all the money we’re going to create, not only the Federal Reserve, but central banks around the world. It might not hit 5,000 dollars this year or next year, but it will eventually. Maybe before Barack Obama leaves the White House. I don’t think there’s enough gold to meet the new demand that’s coming, because gold is money, it’s not just some other commodity." in CNBC.com

Related ETF`s: SPDR Gold Trust (ETF) (NYSE:GLD)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Schiff Is Ahead Of Chris Dodd In A Latest Rasmussen Pool

"President of Euro Pacific Capital and Republican Senatorial candidate for Connecticut, Peter Schiff, is defeating incumbent Democratic Senator Chris Dodd in a latest Rasmussen poll. Peter Schiff, author of “Crash Proof 2.0” and “The Little Book of Bull Moves in a Bear Market,” is vying for the Republican nomination for the state of Connecticut as a Senator and even though he is behind among his fellow Republican contenders such as Rob Simmons and Linda McMahon, he is defeating incumbent 30-year Senator Chris Dodd, according to Rasmussen." in www.digitaljournal.com

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 9, 2009

Gold As A Long Term Investment

I was reading an article on Bloomberg trying to discredit gold as a long term investment. It points out that gold has been a terrible investment for people who bought it in 1980 and is still holding it. And they went to compare how gold has done over the past 30 years compared to stocks, bonds and checking accounts.

Of course, they conveniently had to pick 1980 as the date of the comparison. And I see this happening all the time. That was the peak of the gold`s market move in the seventies. Why hadn`t they picked 1970 when gold was at 35 USD an ounce? If they had done that they would have very different results.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 7, 2009

Market Commentary: December 8th

Latest market commentary: Schiff comments the recent activity in gold and the us dollar.

Other Topics: Wall Street bonuses, TARP money, ATM taxing

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Its Not Too Late For Buying Gold

"It's not too late for buying gold. I still haven't seen anything in the gold market that is reminiscent of any kind of mania or bubble. The average American is still way underinvested in gold: probably 99 out of a hundred Americans don't own any gold at all other than their jewelry and most people who have jewelry are selling it for cash-for-gold programs.

We have a ways to go. Even all the way up to 2,000 USD an ounce you're going to see a lot of retail buying. Once it clearly crosses the 2,000 USD level we'll start to draw in a wider segment of Americans. By the time it reaches 5,000 USD, and it won't be that long, it will be a lot more common for people to own gold." in Forbes.com

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 5, 2009

Gold At 1200 USD Is Not Expensive.

Gold at 1,200 dollars is not expensive, considering all the money that we’ve created and all the money we’re going to create not only the Federal Reserve, but central banks around the world" in NewsMax

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 4, 2009

Gold Likely To Hit 5,000 USD

"I don't think it's just possible, it is highly likely gold will hit $5,000"

in Forbes

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 2, 2009

Gold Will Hit 5,000 USD Maybe Before Barack Obama Leaves The White House

“Gold at 1,200 dollars is not expensive, considering all the money that we’ve created and all the money we’re going to create—not only the Federal Reserve, but central banks around the world. It might not hit 5,000 dollars this year or next year, but it will eventually—maybe before Barack Obama leaves the White House. I don’t think there’s enough gold to meet the new demand that’s coming–because gold is money, it’s not just some other commodity." in CNBC.com

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

The Average American Is Still Underinvested In Gold

"The average American is still way underinvested in gold: probably 99 out of a hundred Americans don't own any gold at all other than their jewelry and most people who have jewelry are selling it for cash-for-gold programs"

in HedgeWorld

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

December 1, 2009

The Rise In Gold Is The Reaction To The Debasement Of Paper Money

Economist and Stern School of Business professor Nouriel Roubini just doesn't get gold fundamentals, says Euro-Pacific Capital President and U.S. Senate candidate Peter Schiff. Roubini says that gold’s continued rise it’s merely the speculative function of a bubble, not a reflection of fundamentals, Schiff notes.

“I have to respectfully disagree … the fundamentals do support higher gold prices,” Schiff said in a video report. “What he doesn’t understand … is that the government is changing the fundamentals with all the money it’s printing.”

“Governments all around the world are printing money, so that changes the demand. Commodities, and gold in particular, have to rise in price when governments are creating so much money and interest rates are so low.”

“That’s not a bubble, it’s just the reaction to the debasement of paper money.”

in MoneyNews.com

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

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