October 31, 2011

Silver Will Eventually Go Through 50 USD

We are going to eventually go through $50 (on silver), so buy it now. - in Beacon Equity

ETF: 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 Regulation We Want Is The Market

The regulation we want is the market. That’s what works. - in The Washington Post

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.

October 30, 2011

Capitalism Is The Solution


Video Description: Last week, Reason.tv followed investment guru, radio show host, and unflappable defender of capitalism Peter Schiff as he spent three hours among the Occupy Wall Street protesters in Manhattan's Zuccotti Park.

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.

October 29, 2011

Foreign Buying Impact On The US Housing Market


Video: "How could Sen. Schumer's plan to sell homes to foreign investors in exchange for a visa change the housing market for average middle-class Americans? My husband and I are waiting to buy our first house here in Orange County, CA. When would you buy? Would you?"

Related: Lennar (LEN), KB Home (KBH), D.R. Horton (DHI), Pulte Group (PHM)

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.

October 28, 2011

Peter Schiff at OWS: "Walmart Doesn't Hold a Gun to Your Head!"


Schiff believes that capitalism is the only hope for young, frustrated people to have a vibrant and prosperous future. So he went to Occupy Wall Street to engage and debate the protesters.

Touring the Occupy Wall Street scene in New York with a sign that read "I Am the 1%, Let's Talk," Schiff spent more than three hours on the scene, explaining the difference between cronyism and capitalism, bailouts and balance sheets, and more.

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.

October 27, 2011

How Excessive Government Intervention Hinders Economic Recovery And Growth


Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, discusses how excessive government intervention hinders economic recovery and growth, during a Fraser Institute policy briefing on Thursday, Oct. 13 at the University Club of Montreal.

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.

October 26, 2011

There Is Too Much Pessimism On The Euro

I think that euro bullish move is going to catch a lot of people off guard who were writing the obituaries for the euro, to see the euro approaching the 1.50 level. The dollar index should be headed back down to the 72 level.

Certainly I think there is too much pessimism on the euro and what was going to happen to the euro visa vis the dollar. The euro is also rallying now as the stock markets are rallying and in fact the dollar is selling off against all of the currencies in the world, not just the euro. - in BeaconEquity

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.

Bullish On The Euro: Year End Target Near 1.48

You’ve got the euro now at about 1.39, and I think you’ve got a head and shoulders bottom in the euro. Our short-term target for the euro, maybe, by year end, will be up near 1.48. - in BeaconEquity

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.

October 25, 2011

All Protective Labor Laws, Including Minimum Wage Laws, Should Be Repealed

Just as employees are allowed to leave jobs for whatever reason, employers should be allowed to hire and fire based on any criteria without fear of litigation.

In other words, liability cost for hiring employees should be minimized. Employees become easier to hire once employers know that their downside risks are minimized. In addition, all protective labor laws, including minimum wage laws, should be repealed. - in Reason Magazine

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.

October 24, 2011

In Normal Market Conditions, Speculators Lessen Volatility

In normal market conditions, speculators lessen volatility because they provide the other side of the trade in many cases to a commercial hedger. But in times of extreme nervousness or panic, it’s the other way because you have a lot of people in a rush to get out of the market at the same time. - in KWN

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.

October 23, 2011

We Need To Restore Capitalism

"We need to restore capitalism." - in a recent visit to Occupy Wall Street

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.

October 22, 2011

Video: Live From Occupy Wall Street


Video: Live from the Occupy Wall Street protests in downtown Manhattan

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.

October 21, 2011

If We Go Back To The Gold Standard What Will Happen To Silver?


Peter Schiff answers this question on the Peter Schiff Show.

Tickers, iShares Silver Trust ETF (AMEX:SLV), SPDR Gold Trust ETF (AMEX: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.

October 20, 2011

US Stocks Are Overpriced

I think US stocks are overpriced, despite the fact that people think there is a lot of value there, but the US dollar is even more overpriced. So in real terms stocks are going to go down in value when measured in gold. Recently we were at the upper end of the channel. - in KWN

Tickers, SPDR S&P 500 Index ETF (SPY), ProShares UltraShort S&P500 ETF (AMEX:SDS)

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.

A Note On The Housing Market

Despite the fact that record numbers of houses are vacant, most are not on the rental market yet. When that changes, condo construction will fall off. - in CNBC

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.

October 19, 2011

Video: An Obama Speech, Debt and China


An excerpt of the Peter Schiff speech at the 2009 Henry Hazlitt Memorial Lecture. Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute.

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.

October 18, 2011

Gold: Dips Are A Good Opportunity To Buy

I’m bullish in general and think the dips are a good opportunity to buy. This recent dip is a good example. I think we are going to make new highs in the gold market, maybe even before the end of the calendar year, which would imply a pretty big move to the upside for gold. We would be talking about a move of more than $250 to hit new highs. - in KWN

Ticker, SPDR Gold Trust ETF (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.

Herman Cain`s 9-9-9 Plan & A Forth "9".

Herman Cain has been gaining much traction with his 9-9-9 Plan, a bold proposal to replace our dysfunctional tax code with what could be a simpler, less invasive, and more economically stimulative alternative. While I don't agree with the full spectrum of Mr. Cain's policy choices, I applaud his courage on the tax front. Judging by his rising poll numbers, this appreciation is widely shared. However, the plan has deep flaws, the most glaring of which is its creation of a hidden payroll tax which represents a fourth "nine." This serious pitfall has been unmentioned by Mr. Cain and overlooked by those who have analyzed his plan. - in IB Times

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.

October 17, 2011

I Do Believe That It The Decline In U.S. Treasuries Will Be Very Abrupt

I do believe that it the decline in U.S. Treasuries will be very abrupt. I think when the dollar collapses, it will happen very rapidly. When the bond bubble bursts, the air is going to come gushing out. It’s not going to give a lot of people time to reverse their position. - BeaconEquity

Related ETFs: ProShares UltraShort 20+ Year Treasury ETF (NYSE:TBT), iShares Barclays 20+ Yr Treasury Bond ETF (NYSE:TLT)

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.

How To Silence A Nobel Prize Winning Economist: Ask Him About The Economy


The Peter Schiff Show (10/14/2011) - How to silence a Nobel Prize winning economist: Ask him about the economy.

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.

October 13, 2011

The US Economy Is Just Trying To Survive The Regulations

All around the country, people are complying with regulations instead of producing, instead of investing and growing the economy. They're trying to survive the regulations. - in Fox Nation

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.

October 12, 2011

Gold Prices Are Going A Lot Higher

Gold prices are going a lot higher. There is a lot of upside left in the gold market and I think we are years and years away from making a top [as a result of QE3 and subsequent QEs]. - in Beacon Equity

Related ETFs: SPDR Gold Trust ETF (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.

The Federal Reserve Is Not Out Of Bullets. They Will Keep Printing.

The Fed is not out of bullets in the sense that it is not out of ink, they can keep printing.

They can’t lower interest rates, but they can print more money and buy more stuff. That’s what the Fed is going to do, it’s not going to help the economy, but it’s going to help the price of gold. - in KWN

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.

October 11, 2011

Regulations Are Running Up The Cost Of Doing Business All Over The Country

Regulations are running up the cost of doing business all over the country. I mean, there are a lot of companies that never even get started because they can't overcome that regulatory hurdle. Many that do, but get started end up going bankrupt because they cannot afford the cost. - in istockanalyst

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.

October 10, 2011

There`s No Jobs Because There`s No Recovery

“The reason we can’t grow the economy is because the government is in the way...There’s no jobs because there’s no recovery.” - BeaconEquity

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.

October 9, 2011

The Singapore Dollar Is A Safe Haven

East Asia is my favorite region of the world. I think that’s where you’re
going to see the most dynamic economic growth and the most opportunity. Take Singapore. I just love Singapore as an economy – it has minimal government interference, low taxes, and low regulation.

For example, Singapore is one of the only countries in the world that doesn’t have a minimum wage – which, as far as I’m concerned, is one of the stupidest price controls ever devised.

Almost every other country in the world has adopted it. Singapore hasn’t, and their unemployment rate is around 2 percent! one of the reasons that they basically have no unemployment in Singapore is because they don’t punish employers, and they don’t interfere with the labor market the way all these other countries do.

Singapore has a huge trade surplus on a per capita basis, they have a high savings rate, and they’re very much exposed to the growth in China – which should tremendously benefit its economy and its currency.

I also think the Singapore dollar is a safe-haven currency.

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.

October 8, 2011

Currency Outlook: The Euro & The Swiss Franc

First of all, I think the main problem that the euro has is political.

When you put many different countries together and you have all these politicians involved, the moral hazards become enormous. Rather than allowing Greece or Ireland to default, they’re bailing them out – and by doing that, it weakens the entire system. I think it basically bakes in the cake budget deficits in all the eurozone countries. There is no incentive for any one country to act responsibly, because it will later be asked to bail out the less responsible members.

Ultimately, this could result in even more printing of euros, and more people in Europe looking for a safe haven. I think the Swiss franc has been the go-to currency for most Europeans when they want to protect themselves from a weakening euro, though in light of the recent peg I’ll discuss in a minute, they may choose precious metals or a safe- haven currency in another region.

Still, I do not believe the euro is about to fall apart. the negativity out there right now is overdone. I do believe that the EU will put a band-aid on the situation, that there will be some kind of short-term solution that the markets will embrace, the euro will rally – but, ultimately, it won’t work.

I don’t think there is enough political will there in the eurozone to do what’s right, which is to allow countries to default – allow investors and banks to lose money – so that market disciplines rein in runaway government spending. If the ECB could succeed in letting people know that the euro is not going to be printed, and that governments will default if they borrow too much, then the euro would be the dominant currency in the world.

But so far, the way they’ve been handling the problem shows me that politics is going to rise above economics, and so the euro will not be all that it could be – what it was initially envisioned to be.

Meanwhile, look at Switzerland: its taxes are relatively low, its regulations are few, and it has a long history of stability and prosperity. It was the last country to abandon the gold standard, and it might be the first country to re-embrace it.

In fact, a strong franc is very much in Switzerland’s interests, since banking and financial services are a large part of its economy. People deposit money in Switzerland because the Swiss franc is sound, not because it’s weak. Switzerland has much lower unemployment than the eurozone even though – well, I’d say because – they have a strong currency, and they have good export growth. Finally, they barely have a budget deficit at all, they have sound fiscal policy.

Unfortunately, Swiss bankers and politicians are increasingly susceptible to the Keynesian Kool-Aid. Despite the fact that their economy has soared along with their currency, the Swiss National Bank just announced that it will peg the franc to the euro, and will buy “unlimited quantities” of euros to keep the common currency valued at least 1.20 francs. This is absurd.

The Swiss declined to join the eurozone because they did not want to outsource their monetary policy. This latest move subverts that intention and exposes Swiss citizens directly to bankrupt Greeks and Portuguese. As the cost to maintain the peg increases – as I’m sure it will – I believe that the Swiss will once again re-assert their independence. -

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.

October 7, 2011

The US Dollar Has Been The Titanic

But if you’re going to be in a currency, there are a lot of fiat currencies out there that I think are a lot less flawed than the dollar...The dollar has been the Titanic. - in Newsmax.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.

October 6, 2011

Elementary Economics: Is Obama Smarter Than A 2nd Grader?


Video: "Elementary Economics: Is Obama smarter than a 2nd Grader?" - from the Peter Schiff Show.

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.

Currency Outlook: Scandinavian Currencies

I like the whole region of Scandinavia for a number of reasons. A big one is that it’s a way to gain exposure to Europe without being in the eurozone.

I also like the fact that Scandinavia experienced a lot of socialism already, and they’re already dealing with the adverse consequences. I think the pendulum is swinging now in the correct direction: from more government to less government, from central planning to market reforms. Though the pendulum is swinging more slowly than I would like to see ideally, it is swinging in that direction nonetheless. And I think you want to go with that trend.

I like both the Swedish krona and the Norwegian krone, but I wouldn’t want to put both of them in a five-currency portfolio for purposes of diversification. - in Five Favorite Currencies for the Next Five Years research report

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.

October 5, 2011

The Government Has Really Discredited Capitalism


Michael Moore End Capitalism Not The Fed, Peter Schiff Rebuttal at Ron Paul Rally

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.

Peter Schiff Vs. Michael Moore

Peter Schiff points out the hypocrisy in Michael Moore’s comments:

WeAreChange confronts filmmaker Michael Moore on whether he supports ending the private Federal Reserve banking system. Expert economist Peter Schiff rebuts Moore’s words.

Moore calls for an end to capitalism, not the private Federal Reserve. “How about if we end capitalism for his movies?,” Schiff asks, pointing out the hypocrisy in Moore’s comments. “How about if we just socialize those profits and give them to the common man?”

“The government has really discredited capitalism. The government gets in bed with Wall Street. That’s not capitalism. Capitalism would stop that.”
- in Bull Source

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: Currency Plays Outside The US Dollar

Peter Schiff video interview in "Breakout", a Yahoo Finance 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.

Gold Is Real Money. Everything Else Is Just A Substitute

Gold is real money, everything else is just a substitute. - in ETF Daily News

Related ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM)

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.

October 4, 2011

It Always Surprises Me That Most US Investors Still Fail To Take Currency Risk Into Account

In today's investment landscape, risk can come in all shapes and sizes. When structuring a stock portfolio most investors try to gauge the risk in buying particular stocks. Savvier investors also factor in sector risk, business cycle risk, and recession risk. Cautious investors may try to mitigate these risks by favoring bonds over stocks. But even then they must contend with default risk, interest rate risk, and in the case of sovereign debt, political risk.

However, with central bank monetary policy now an increasing driver of economic outcomes around the world, there is one risk factor that deserves more attention: currency risk. No investment, whether it be in stocks, bonds, real estate, or lemonade stands, can hold up well if the currency in which it is valued takes a tumble. It always surprises me that most US investors still fail to take currency into account, and in particular their potentially overweight exposure to the US dollar. - in europac.net

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.

October 3, 2011

Third Quarter: Wrap-Up


A wrap-up of the third quarter.

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.

October 2, 2011

Currencies Outlook: Canadian Dollar

I also like the Canadian dollar. Years ago, Canada put in place some deep structural changes to help deal with their problems of deficits and big government. While it’s certainly not a free-market utopia up there, I think they’ve done a lot of good things, and I think the Canadian dollar is going to rise.

I agree that Canadian rates are too low, and it’s unfortunate that they’re reluctant to raise them. They’re trying to keep their currency, which has been above parity all year with the US dollar – for the first time in generations – from moving too much higher. That is a foolish mistake that other countries have made, and if the intervention gets out of hand, the Canadian dollar could fall relative to the Aussie and New Zealand dollar. But I think that the Canadian outlook will evolve...they’ll learn. Look at Switzerland, for example: they have the strongest currency in the world right now, and their exports are booming!

I also understand that Canada is close to the US, and so their economy is going to be affected by a big downturn here. However, I expect a lot of that slack to be made up with greater exports to Asia, China in particular.”

Tickers: USDCAD forex and CurrencyShares Canadian Dollar Trust (NYSE:FXC)

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.

October 1, 2011

Currencies Outlook: British Pound

Well, I don’t like the UK. I haven’t ever been a fan of the pound (sterling),
and even though they are taking some steps in the right direction – more so than the US – in addressing some of their problems, I still think they’re doing it much too slowly. So, I think that the pound will continue to lose value relative to some of these other currencies. I ultimately expect the pound to rise against the dollar, but that’s not the best way to take advantage of dollar weakness. - in Peter Schiff’s & Axel Merk’s Five Favorite Currencies for the Next Five Years research report

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.