November 30, 2011

Loud And Clear Bell Ringing To Buy Precious Metals

Today’s unprecedented announcement by the world’s most powerful central banks was a loud and clear bell ringing to buy precious metals. The move, disguised as an attempt to help the fragile state of the global economy, is in reality a move to prop up failing banks in Europe and the US.

By reducing interest rates paid for dollar swaps, central bankers are in effect increasing the quantity of global dollars in circulation. The result? The dollar will weaken, inflation will rise, and gold will soar. Gold was up more than $30 today, and the dollar got crushed. - in europac

Related stocks, Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), AngloGold (AU), Novagold (NG)

Related ETFs, IShares Silver ETF (SLV), SPDR Gold 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.

Merkel Wants The Euro To Be The Strongest Currency In The World

Chancellor Merkel seems to be saying: “We’re not going to print money, the ECB is not the Fed and won’t be the lender of last resort, and that these governments have to cut spending.” She’s also saying it’s her intention for the euro to be the strongest currency in the world. - in IndexUniverse

Related, iShares MSCI Germany Index Fund ETF (EWG)

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 Think QE3 Is Going To Happen

I think QE3 is going to happen — if it’s not already here in disguise. They will officially acknowledge it. The government just revised downward its estimate for third-quarter growth from 2.5 percent to 2. I think we’re relapsing into recession because we never really fixed our problems—we just added more debt and more government.

I think the Fed will be looking at oil prices, which will be well over $100 a barrel shortly. We’ll be seeing record-high gasoline prices seasonally, and probably we’ll see heating oil prices the highest they’ve ever been in the wintertime.

The Fed will unfortunately react to this thinking: “Oh no! We need cheaper money because higher energy prices are going to be a drag on the economy.” But, of course, the higher energy prices result from all the cheap money.

So I think we’re going to see more easing and more pain, which means higher gas prices, higher food prices and a weaker dollar. - in Index Universe

Related ETFs, SPDR S&P 500 ETF (SPY), SPDR Gold Trust ETF (GLD), United States Oil Fund LP ETF (USO), PowerShares DB Agriculture Fund (DBA)

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.

November 29, 2011

The US Is Crystal Clear In Its Intention To Ignore Its Debt Problems

" (...) the US is crystal clear in its intention to ignore its debt problems. With the failure of the Super Committee this (last) week, it actually became official. American politicians will not, under any circumstances, willingly confront our underlying debt crisis. - in Europac.net

Tickers, ProShares UltraShort 20+ Year Treasuries ETF (TBT), iShares Barclays 20+ Yr Treasury Bond ETF (TLT), SPDR Gold Trust ETF (GLD), iShares Silver Trust 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.

November 28, 2011

Safe Haven Demand For The US Dollar May Be Short Lived

In the meantime, the prospect of sovereign default in Europe is driving “safe haven" demand for the dollar. So, contrary to the political blame game, Europe’s problems are actually providing a temporary boost to America’s bubble economy. However, a resolution to the crisis in Europe could reverse those flows. And given the discipline emanating from Berlin, a real solution is not out of the question.

If confidence can be restored there, each episodic flight to safety may be less focused on the US dollar. Instead, risk-averse investors may prefer a basket of other, higher-yielding, more fiscally sustainable currencies. - in europac.net

Related, PowerShares DB US Dollar Index Bullish (UUP), 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.

Europe Vs US: Which Will Explode First?

With fiscal time bombs ticking in both Europe and the United States, the pertinent question for now seems to be which will explode first. For much of the past few months, it looked as if Europe was set to blow. But Angela Merkel’s refusal to support a Federal Reserve-style bailout of European sovereigns, as well as her recent statement the she had no Hank Paulson-style fiscal bazooka in her handbag, has lowered the heat.

In contrast, the utter failure of the Congressional Super Committee in the United States to come up with any shred of success in addressing America’s fiscal problems has sparked a renewed realization that America’s fuse is dangerously short.

Related, ProShares UltraShort 20+ Year Treasuries ETF (TBT), iShares Barclays 20+ Year Treasury Bond ETF (TLT), iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index ETF (EWP)

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.

November 27, 2011

You Don`t Drive An Economy By Consuming

You don’t drive an economy by consuming – the consumer is not the engine, the consumer is the caboose. - 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.

November 26, 2011

Printing Money Is Merely Taxation In Another Form

"Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power." - an inflation definition by 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.

November 25, 2011

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

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 famous Schiff`s quotes

Related, ProShares UltraShort 20+ Year Treasuries ETF (TBT), iShares Barclays 20+ Yr Treasury Bond ETF (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.

November 23, 2011

Video Interview On Fox Business


"Is Michael Moore An OWS Hypocrite?"

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.

November 22, 2011

Using A Dixie Cup To Bail Water From A Sinking Ocean Liner

"1.2 trillion dollar cuts over 10 years is so small that its like using a Dixie cup to bail water from a sinking ocean liner" - in Twitter

Related ETFs: ProShares UltraShort 20+ Year Treasuries ETF (TBT), iShares Barclays 20+ Year Treasury Bond ETF (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.

November 21, 2011

Video Market Update


Schiff Report Video Blog Nov 18th 2011

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.

November 19, 2011

Schiff Radio: Silver, Euro Outlook


Viewer Questions: Regarding silver from a technical view, do you think it's forming a bearish rising wedge pattern that can see drop further to support around $21 before rebounding?

In addition, the ECB needs to print more money to buy Italian bonds and keep the Italy-Germany 10 year spread beneath 450 to avoid margin calls on Italian bondholders. A weaker Euro would cause metals to fall relative to the dollar.

Related: 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.

November 18, 2011

Our Government Doesn't Have Enough Spare Cash To Bail Out A Lemonade Stand

Our government doesn't have enough spare cash to bail out a lemonade stand. Our standard of living must decline to reflect years of reckless consumption and the disintegration of our industrial base. Only by swallowing this tough medicine now will our sick economy ever recover. - in The Sydney Morning Herald

Related ETFs, SPDR S&P 500 ETF (SPY), ProShares UltraShort S&P500 ETF (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.

November 17, 2011

I Do Not Like To Say That The Government Creates Jobs, It Creates Work

I do not like to say that the government creates jobs. I like to say that the government can create work. Because a job, I think of it as productive, you know, when you are actually producing something of value, it`s a job. The government does not really do that. - in GoldSeek

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.

November 16, 2011

US Dollar’s Day Of Reckoning

I’ve been saying that Europe is going to come up with some kind of temporary solution that will satisfy the markets for the time being. Longer-term, we are going to be revisiting these problems and they will be even bigger. But I do think between the euro and the dollar, that the dollar’s day of reckoning is going to come first. - in KWN

Related ETFs, PowerShares DB US Dollar Index Bearish (UDN), PowerShares DB US Dollar Index Bullish (UUP)

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.

November 15, 2011

Thoughts On Developing A Business

It definitely can help if you can try to develop a business that you are interested in, that you are passionate about, it`s going to make it much more enjoyable for you, and much more likely that you are going to succeed. - in SchiffRadio

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.

Starting A Business


Schiff Radio: Question from Kevin, Washington D.C.: In an interview, you said you started Euro Pacific Capital because you wanted to increase your revenue. I'd like to start my own business. Do you think money is enough of a motivation in founding a business, or does your business really need to speak to your interests? If it doesn't speak to your interests, are you doomed to fail?

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.

November 14, 2011

I Don`t See A Bright Future For The US Dollar

Anyone who listens to my economic analysis has long known that I don't see a bright future for the US dollar. But knowing where not to invest is only half the battle. More important is knowing which markets are on the rise with sound footing. - 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.

November 13, 2011

There Will Be A Debt Hangover That Will Last For Years

Overall there is going to be a lot of pain associated with kicking this drug (debt) habit. You know, we’re going to have one hell of a hangover from years and years of excess money printing and artificially low interest rates. There’s a price to pay and we’re going to pay it... - 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.

November 12, 2011

Downgrading France Debt: What Was Behind The Mistake?

Maybe somebody called them up and put some pressure on them (S&P) because I have a hard time believing that a downgrade was issued by mistake. That’s hardly something you would do by mistake, either you are downgrading or you are not. - 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.

November 11, 2011

Italy Has A Problem But So Has The U.S.

But there is a serious problem going on over there in Italy and pretty soon it’s going to be a serious problem over here in America. What’s going on is people are questioning the ability of governments to repay the money they’ve borrowed and there is already a lot of turmoil.

People should be questioning the ability of the American government because the American taxpayers are no more able to pay our debts than the Italian taxpayers are to pay theirs. In fact we are probably in worse shape. The collapse in the US will come. It’s going to happen as far as I’m concerned as sure as the sun rises. - in KWN

Related ETFs: ProShares UltraShort 20+ Year Trea ETF (TBT), iShares Barclays 20+ Yr Treas.Bond ETF (TLT), 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.

November 10, 2011

Video: Market Update


Peter Schiff Radio Show, November 9th.

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.

November 9, 2011

Student Loans & Education Costs

If the government stopped giving out loans, students wouldn’t be able to afford college, and universities would be forced to bid down prices. - Peter Schiff speaking at the Jan Popper Theater in Schoenberg Hall

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.

November 8, 2011

Gold Stocks Are Cheap

I think if you look at the underperformance relative to bullion, gold stocks are the cheapest they have ever been. - in BeaconEquity

Related stocks, Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), AngloGold (AU), Novagold (NG)

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.

November 7, 2011

RT.com Video: Real Wages, Unions


Peter Schiff in RT.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.

November 6, 2011

Greece: They Will Face A Big Decline In Their Standard Of Living Regardless Of What They Choose

The Greeks are going to face a big decline in their standard of living regardless of what they choose. - in Yahoo Finance

Tickers: National Bank of Greece ADR (NBG)

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.

November 5, 2011

If Inflation Is Accurately Reflected, The US Economy Is Probably Shrinking

If data more accurately reflected the amount of inflation that Ben Bernanke is creating, you would see that the real economy is actually shrinking. - 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.

November 4, 2011

Video Interview: Market Update, European Crisis

Latest video market update, 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.

The US Economy Is Getting Worse, Not Better

I think the U.S. economy is getting worse, and the Fed is constantly having to ratchet down its previous expectations. - 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.

November 3, 2011

Long Term Forecast: The US Dollar Faces A Bigger Blowup Than The Euro

My long-term forecast remains that the US dollar faces a bigger blowup than the euro. The European Union at least has a core of productive economies, while the US economy is a hollow shell kept afloat by its creditors. For the average American, it is simply too risky to try to time getting into and out of the dollar. It is better to put a portion of your portfolio in gold and know that it will keep its value long-term.

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 And Silver At Discount Prices

October was very much about consolidation and recovery from the September correction. From trough to peak, gold recovered 8.9 percent to 1741 dollars/ounce, before sliding back to 1700 Dollars/ounce as October came to a close. For silver, trough to peak was 25.7 percent, seeing silver hit $35.42 before sliding back to around $33. Both are comfortably at what I would consider discount prices. - in Schiff`s Gold Newsletter

Tickers, SPDR Gold Trust 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.

November 2, 2011

Occupy Wall Street: "They Aren't Protesting Capitalism, They Are Protesting A LACK Of Capitalism"


Occupy Wall Street: "They Aren't Protesting Capitalism, They Are Protesting A LACK Of Capitalism"

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 2 Faces Of Capitalism

"China gives communism a good name and we give capitalism a bad name." - in Schiff Radio

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.

November 1, 2011

Occupy Wall Street Showdown: Wall Street CEO Takes On The 99%


Peter Schiff on Anderson Cooper, "Occupy Wall Street" showdown

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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