December 29, 2011

2012 Outlook: Stocks And Gold

“I think you are going to have a lot of choppiness in the stock market, but in the end I don’t expect a lot of movement in stocks. I don’t expect a crash or a big run, instead I think prices will continue to move sideways. In terms of the stock markets relation to gold I think it will continue to fall as a ratio.” - in KWN

Related, SPDR Gold Trust ETF (GLD), SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index ETF (IWM)

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, 2011

Harry Reid And The Mythical Millionaire Job-Creator


The Peter Schiff Show, "Harry Reid and the Mythical Millionaire Job-Creator"

Senate majority leader Harry Reid argues that the rich simply do not create jobs...at all.

(Source: The Peter Schiff Show - 12/13/2011, www.SchiffRadio.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 27, 2011

Gold: Price Action Shakes Out The Speculators

These sharp drops shake out the speculators and keep other would-be buyers on the sidelines. - in NewsMax.com

Related, 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.

December 24, 2011

Don't Be Fooled, Don't Sell Out Your Gold

Remember, don't be fooled, don't sell out your gold because someone on television scares you and says, this is it, the bottom has fallen out, it's going to collapse.

Related ETFs: SPDR Gold Trust ETF (GLD)

(Source: Beacon Equity)


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 23, 2011

Krugman: I Have Been Trying To Have Him Debate Me For Years

The interesting thing about Paul Krugman is: I've been trying to get the guy on my show for years. I've been trying to have him debate me. Plenty of universities, including his own, have offered to host a debate between he and I, yet he always refuses.

You know, he likes to take a few jabs at me in his column, but why not step into the ring? Why not come on the Peter Schiff Show. I'll give you the whole two hours. You have plenty of time to talk. Why not hit at a target that can punch back, that can move. He wants to take pot shots at a punching bag. Step in the ring and have a real battle with someone who can move around and fight back.

If you really believe in Keynesian-ism; if you think the Austrians complete wrong and foolish, here's the chance to prove it. Take me down. Show me why I'm wrong. I'd happy to discuss that crazy piece that you wrote about the babysitter coop.

If you haven't seen that, go on my YouTube Channel and look at my critique of the model he holds out as [proving] that money printing doesn't cause inflation and somehow proving that the Keynesians are right and the Austrians are wrong. It doesn't prove it at all; in fact, it proves the reverse, which is exactly what would happen if Paul Krugman agreed to come on my show.

And, of course, if you don't want to come on my show, I'll come on any show you want. If you want someone else to host it, if you want to do something live, as I say, I'll meet you anytime, any place and we can discuss—it doesn't even have to be a debate; it's a discussion—we'll discuss economics; we'll discuss Keynesian-ism versus Austrian School; and we'll discuss what's going to happen to inflation and the value of the dollar and the price of gold. - a transcript from a Schiff video from Beacon Equity

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, 2011

We Don’t Have The Benefits Of Capitalism Because We Don’t Have Capitalism

“We don’t have the benefits of capitalism any more because we don’t have capitalism — we have a centrally-planned socialist economy, and that is why the average American is getting poorer.” - in Current.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 21, 2011

The Cost Of Employing People Is Too High

The cost of employing people is just too high. - in a forum on unemployment at UCLA

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 20, 2011

All The Speculators, All The Bankers...All The Financiers Want Inflation

"All the Speculators, all the Bankers...all the Financiers want Inflation" - in RT America

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 19, 2011

Gold: Once The Weak Longs Are Cleared Out, The Rise Will Resume

“These sharp drops shake out the speculators and keep other would-be buyers on the sidelines. Once the weak longs are cleared out, the trip to $2,000 and beyond will resume unencumbered by excess baggage.” - 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.

Video: Gold Outlook


Latest commentary on the gold market.

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.

December 18, 2011

UCLA Economic Debate


UCLA Economics Debate

Debate between Peter Schiff, David Rosnick, and Roger Farmer

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, 2011

Video: A History Lesson for Newt Gingrich


Excerpt from the Schiff Radio 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.

December 16, 2011

Gold: Bull Markets Climb A Wall Of Worry

“Bull markets climb a wall of worry. These sharp drops shake out the speculators and keep other would-be buyers on the sidelines. Once the weak longs are cleared out, the trip to 2,000 USD per ounce and beyond will resume unencumbered by excess baggage.” - in CNBC

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.

December 15, 2011

Krugman Reveals Krugmonomics Fails Even in Small Elite Liberal NYC Neighborhood


Paul Krugman Reveals Krugmonomics Fails Even in Small Elite Liberal NYC Neighborhood - in The Peter Schiff Show - 11/29/2011

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.

December 14, 2011

CNBC Video: Central Banks And The European Crisis


CNBC video interview, December 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.

December 13, 2011

ECB `s Role In Eurozone Crisis

The fact that the ECB can refrain from monetizing all this debt, which is what everyone seems to want, is a good thing... that's the only way to force governments to actually cut spending. At least the ECB, Germany, understands what the stakes are. - 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.

December 12, 2011

Government Intervention May Have Adverse Effects


Schiff Radio, December 9: "Government Intervention May Have Adverse Effects"

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 11, 2011

I Did Not Like ECB`s Rate Cut

Hopefully the ECB will stand firm and not bow to political pressure like the Federal Reserve did. But I don`t like the fat that the ECB reduced rates again to 1 percent. They are bailing out the banks. - in Market Watch

Related, Banco Santander (STD), Deutsche Bank AG (USA) (DB), Royal Bank of Scotland Group plc (ADR) (RBS), Barclays PLC (ADR) (Public, NYSE:BCS), Societe Generale SA (GLE), BNP Paribas SA (BNP)

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 10, 2011

Video: Is The Global Economic Doomed?


Video interview, Market Watch, December 8.

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, 2011

Bullish On Gold Stocks

The shares performance shows a high degree of skepticism among investors on gold prices. That’s the antithesis of a bubble. When investors figure out what’s going on, they’ll be buying up gold shares. - at the Inside Commodities conference, New York

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

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: Cutting Government Spending Is The Only Solution That Will Work

I do not expect anything yet. The question is, will the policy work, will European politicians respond by cutting government spending, which is the only solution that will work. - in Market Watch

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 8, 2011

When New Dollars Or Euros Are Printed, Your Metals Simply Go Up In Price

A look at history sees periods of monetary debasement and market mania followed by a return to more fundamental values. Every successful civilization in history has relied on sound money to grow, always in the form of precious metals. With globalization, we live in a world where investors don't have to live with their governments' bad choices. Allocating a portion of your portfolio to precious metals means being able to sit on the sidelines and laugh at the comedy of the sovereign debt crisis. It means that when new dollars or euros are printed, your metals simply go up in price.

That is the ultimate resolution to this crisis. More banks, institutions, and individual investors will simply withdraw from the fiat money system and rely on precious metals as their reserve asset. As they do so, the fiat system will be all the weaker for the those left behind. - in Goldseek

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.

December 7, 2011

PIIGS: How The Bond Markets Treat Them Without The Implicit Backing Of Northern Europe?

If Greece, Italy, et al, can't stomach the austerity that comes with staying in the euro, they should withdraw and see how the bond markets treat them without the implicit backing of Northern Europe. - excerpt from the GWC

Tickers, 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.

The Main Argument In Favor Of The Euro

I have repeatedly stated that the fact that Germany has been resistant to printing more euros is the main argument in favor of the euro. Of course, the mainstream consensus is the opposite. - excerpt from The Great Western Crackup

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 6, 2011

The Only Money You Can Trust Is The Gold And Silver In Your Pocket

From World War II until very recently, the West - specifically Europe and the United States - was on a course for greater centralization, greater integration, and greater economic intervention. But this consensus is breaking down. In Europe, the euro has gone from steadily adding new members to now facing the prospect of having its weaker members quit. In America, the US Congressional Supercommittee has now officially failed in its mandate to bring even meager cuts to the bleeding US deficit.

This is the beginning of the end. Both the EU and US are politically paralyzed, seeming only to be able to make compromises that involve more spending, more debt, and more central planning. The results are all too predictable to free-market thinkers: bailouts leading to moral hazard, low interest rates leading to ballooning debt, and eventually a cascade of systemic failures - leading to more bailouts.

This was confirmed yet again last Wednesday when central bankers on both sides of the Atlantic announced a coordinated tidal wave of new money to bailout the Western banking system yet again. Now, the only money you can trust is the gold and silver in your pocket. - excerpt from The Great Western Crackup

ETFs, 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.

December 5, 2011

Video: Bank Bailout in Disguise, Jobs Data


Latest video market update.

Related: Bank Of America (BAC), Morgan Stanley (MS)

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`s Monthly Close Was The Second Highest In History

At $1746, November's nominal closing price was the second highest in the history of the gold market. That's not to say the month wasn't stormy - the yellow metal fluctuated $114 from the monthly low to monthly high. As I address in my commentary, this great volatility is mostly motivated by drastic Fed intervention to support the price of Treasuries, as well as a mistaken belief that the EU as a whole is in worse shape than the US. - in Schiff`s monthly gold report

Tickers, SPDR Gold Trut ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX)

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, 2011

Gold Will Close In On 2,000 This Year

I think we will come pretty close to hitting 2,000 dollars/ounce on gold this year. It would be hard for gold not to be above 2,000 dollars/ounce in 2012.

I really think it would be unlikely that we wouldn’t see prices north of 2,000 dollars/ounce next year. - in BeaconEquity

Tickers, SPDR Gold ETF (GLD); IShares Silver ETF (SLV), Hecla Mining (HL), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)

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 3, 2011

Good Entry Points For Gold And Silver

You have gold at around 1,700 dollars, silver around 32 dollars. I think these are good positions to buy gold for the first time, if you still haven’t bought, or add to your positions if you already own. - in Beacon Equity

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.

December 2, 2011

Central Banks Rung The Bell To Buy Precious Metals

There’s an old expression that nobody rings a bell when it’s time to buy or sell. Well, I think the world’s central banks rung a pretty loud bell today to buy precious metals.

Related, 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.

December 1, 2011

When Will The Federal Reserve Have A Change Of Heart?

It’ll take a crisis. We’re not going to do it differently until there is no other choice, until there is a full-on sovereign debt crisis where U.S. Treasury prices, long term, are really under pressure and the dollar is falling fast, and prices are really soaring.

That’s when the Fed will potentially do the right thing. But as long as it can delay doing the right thing, it will. And that ultimately means that doing the right thing will be that much more painful for the economy because of how long the Fed will have delayed. - in Index Universe

Tickers, ProShares UltraShort 20+ Year Treasuries ETF (TBT)

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.

Market Update: Precious Metals


Global Central Banks Ring Gold Buyers' Bell.

Tickers, SPDR Gold ETF (GLD); IShares Silver ETF (SLV), Hecla Mining (HL), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)

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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