May 27, 2011

You Are Looking At A Weakening Dollar

The New Zealand Dollar hit a new 52 week high today. The reason I mention that is because its relatively thin and illiquid and you see a big jump, 1.5 percent.

You are looking at a weakening dollar." - in CNBC Fast 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.

CNBC Video: US Dollar Is Ripe For A Crisis Of Confidence



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.

May 23, 2011

The US Economy Is Slowing Down

"I do believe the US economy is slowing down, in fact I think it's going to slow a lot more than people realize." -in CNBC

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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.

May 21, 2011

We`re A House Of Cards

“As bad as the situation is in Europe and Japan, it is worse here. People thought that QE2 was training wheels on a bike. QE2 isn't training wheels, it's the only wheels. We're a house of cards.” - in CNBC

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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.

May 19, 2011

Silver: Buying Opportunity?

“I think it’s a buying opportunity. I do believe the U.S. economy is slowing down, in fact I think it’s going to slow a lot more than people realize. But for that reason, I think that quantitative easing will not end over the summer. In fact, I think the Fed is going to step it up. QE3 could be even bigger than QE2 and that’s very bullish for precious metals and very bearish for the dollar.” in beaconequity.com

Related: IShares Silver ETF (SLV), Hecla Mining (HL), Silver Wheaton (SLW)

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.

Video Interview: CNBC Fast 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.

May 18, 2011

We're In Much Worse Shape Than Japan

We are underweight both the euro and the yen. But the problem is, as bad as the situation is in Europe and Japan, it is worst here. We owe Japan 1 trillion dollars. We're in much worse shape than Japan. They still have big exports, they have high savings. We`ve got this complete phony economy. - in CNBC Fast 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.

QE Will Not End. It Cannot End.

The idea is, people thought that QE2 was training wheels on a bike. The Federal Reserve was putting training wheels on the economy, and as soon as the economy could go on its own, they would take the training wheels off.

QE2 isn't the training wheels, it's the only wheels. If you take QE2 away, it will implode. As soon as the market figures that out, that that's the situation our economy is in, that it's completely addicted to zero percent interest rates and endless quantitative easing, that is a major, major problem for the dollar in our economy. QE2 ending is dollar positive but it's not going to end, it cannot end. We'll be in worse financial shape than 2008. - in CNBC Fast Money

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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.

I Am Short The US Dollar Against A Number Of Things.

I am short the dollar against a number of things. I think the reason the dollar is strengthening is because you have a lot of investors or traders starting to rethink their optimistic growth assessment. - in CNBC Fast Money

Related: IShares Silver ETF (SLV), SPDR Gold ETF (GLD), PowerShares DB US Dollar Index Bearish (UDN)

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.

CNBC Video: US Dollar Outlook


Related: Ishares Emerging Markets ETF (EEM), Ishares Silver ETF (SLV), SPDR Gold ETF (GLD), SPDR S&P 500 Index ETF (SPY)

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 US Dollar Will Ultimately Fall Against The Euro.

The dollar will ultimately fall against the euro because U.S. problems are worse than Europe's. - in CNBC

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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.

If QE Comes To An End We Are Going To Default On The Debt.

If QE comes to an end, we're going to default on the debt because we're not going to be able to make the interest payments.

All these major banks are going to fail again, their balance sheets can't withstand rising interest rates. And interest rates would rise sharply if you take the fed out of the picture. - in CNBC Fast Money

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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.

May 17, 2011

Congress Will Do The Wrong Thing And Raise The Debt Ceiling For The 75th Time In 50 Years

It is for that reason I am 100% confident that Congress will do the wrong thing and raise the debt ceiling for the 75th time in 50 years. In the end there will be some kind of phony compromise with each side claiming victory. But while the politicians celebrate another dodged bullet, the U.S. economy will continue to be shot full of holes.

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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.

Debt Ceiling

Today the U.S. government officially borrowed beyond its 14.29 trillion dollars statutory debt limit. And even though the Obama administration has assured us that accounting gimmickry will allow the government to borrow for another few months, the breach has given seeming urgency to Congressional negotiations to raise the debt ceiling.

Republicans are making a great show of acting tough by linking their "yes" votes with promises for future budget cuts (that could even slow the rate of debt increases at some uncertain point in the future). But as we go through the process, many novice observers may wonder why we have a debt ceiling at all when our government has never shown the slightest inclination to respect its prior self-imposed limits.

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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.

May 16, 2011

The Recent Market Correction


Latest video market update.

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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.

May 12, 2011

Russian Times Video Interview: The US Situation


Debt overdose no cure for America`s financial meltdown.

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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.

Artificial Booms & The Inevitable Busts

“Everytime the government stimulates the economy with artificial boom to postpone the pain, they make the inevitable bust that much worse. I think we have come to a point now that there is no stimulus that would work. We are already in an overdose.” - in RT

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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.

May 10, 2011

Look Where The Smart Money Is Looking

I encourage you to look where the smart money is looking. The US dollar is hitting new lows and out of second chances. The writing is on the wall. It's time to diversify at least 5-10% of your assets into physical precious metals before this new gold rush begins in earnest. - In Europac Precious Metals Newsletter

Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV)

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 US Government Has Made The Wrong Moves Every Step Of The Way

The US government has made the wrong moves every step of the way, and I believe we're heading into a worst-case scenario. - in The Gold Rush Is About to Begin Newsletter

Related: SPDR Gold ETF (GLD), Barrick Gold (ABX), Newmont Mining (NEM), Goldcorp (GG)

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.

China Will Diversify Away From The US Dollar

China continues to talk about diversifying its foreign currency holdings away from the dollar. Meanwhile, Chinese inflation is steadily increasing every month, adding pressure to diversify soon. - in Euro Pacific Precious Metals Newsletter

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.

May 9, 2011

Dollar Decline: It Will Continue

Let`s hope it does not go to zero but its going down for a long time as long as the Fed Chairman continues to deny that the inflation that he has created exists. It`s going to keep on falling as long as they print money as long as they do quantitative easing. I don`t believe for a second that its going to come to an end in the summer. I don`t think the Fed believes it. - in Yahoo Finance

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.

May 6, 2011

We Spent A Lot Of Money We Didn’t Have To Buy Foreign Products We Can’t Afford

“First of all the main problem the past number of years is we spent a lot of money we didn’t have to buy foreign products we can’t afford. We have run up an enormous debt to the rest of the world and have nothing to show for it. It’s analogous to an individual loses his job and instead of getting another job he buys everything on his credit card, and he shows his wife his credit card bills and says “Look honey, look how great we are doing”. - in Libertarian News

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.

May 5, 2011

Silver`s Correction

Considering the remarkable performance that silver has had over the past year, this correction was long overdue. It makes sense that $50 would be a point of resistance, as it was the 1980 high. But none of the fundamentals have changed: the US dollar is still sinking, the emerging markets are still growing, and global interest rates are still negative in real terms. Whether the selloff was motivated by the CME raising margin requirements three times in one week or by some deluded notion that Bin Laden's murder would restore US greatness, there's only one way for an investor to view it: as an opportunity.

Sellers have taken the froth off the market, and now silver is an even better buy. For those who bought at higher prices, it's a good time to average in by buying lower. For those who were regretting not buying at all before silver hit $50, the market is giving you a second chance.

I don't mean to imply that silver can't go lower, but I think the lion's share of the correction is over. In fact, many traders have likely built up short positions on the assumption that this was a bubble about to pop; when the price resumes its climb, all these short-sellers are going to have to buy to cover their debts - perhaps driving a quick surge past the $50 mark.

We have an interesting summer ahead of us. - in Schiff`s Gold Report

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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.

Was The Bernanke Press Conference A Success?

As the Fed chairman spoke, the dollar was getting crushed, gold surged to a new high. How do you call that a success? That's like saying the Titanic had a successful crossing just because some passengers happened to make it to New York. - in Yahoo Finance

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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.

May 4, 2011

Silver: Bull Market And Speculators

I would say that the moves over the last couple of days have been largely driven by speculators but overall the entire bull market, no. Its driven by fundamentals.

Silver isn`t rising because of speculators, it is because silver is rising that is why there`s speculators. They are attracted to the bull market but they are not causing it. - in CNBC Fast Money

Related: IShares Silver ETF(SLV), Hecla Mining (HL), Silver Wheaton (SLW)

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.

May 3, 2011

You Have To Avoid US Dollar Denominated Investments

"What you have to do is avoid US dollar denominated investments. People need to own precious metals like gold and silver, they need to own commodities, they need to own foreign bonds, foreign stocks." - in Yahoo Finance

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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.

My Investment Strategy

"My investment strategy is based on the Fed continuously doing the wrong thing." - in Yahoo Finance

Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV)

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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