February 28, 2013

We Determine Interest Rates In America The Way The Soviet Union Used To Determine The Price Of Bread

"We have to go back to sound money where money has intrinsic value, where interest rates are determined by the free market, not by a central planning agency called the Fed. We determine interest rates in America the way the Soviet Union used to determine the price of bread. It does not work." - in a recent MoneyShow interview 

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.

MoneyShow Video Interview: U.S. Economy, Inflation, US Debt



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.

February 27, 2013

Creating And Preserving Wealth



Video Summary: An epic debate about the creation and preservation of wealth featuring Rick Rule, Peter Schiff, John Mauldin and Grant Williams. The debate took place February 24, 2013 at Cambridge House's California Resource Investment Conference in Palm Springs.

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.

Italy`s Elections, European Debt Crisis & U.K.



Related: iShares MSCI Italy Index ETF (EWI), iShares MSCI United Kingdom Index ETF (EWU)

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.

Sequester: A Matter of National Security?


Related: SPDR S&P 500 Index ETF (SPY), 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.

February 26, 2013

Video: Upcoming Recession Will be Worse Than 2008


Related: SPDR SP 500 ETF (SPY), SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), iShares Lehman 7-10 Yr Treas. Bond (ETF) (IEF)

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: Debunking Minimum Wage Myths


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: Germany`s Gold, Spending Cuts, Dollar Crisis


Related stocks and ETFs: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Newmont Mining (NEM), Barrick Gold (ABX), Freeport-McMoRan Copper and Gold Inc. (FCX)

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.

February 25, 2013

Video: Countdown To The Apocalypse


Related: SPDR Gold Trust 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 Price Of Gold Has One Way To Go In The Long Term

“We are headed for a monetary crisis, a dollar crisis. Money supplies are going to explode, and gold supplies are going to be constricted. The price of gold has one way to go in the long term, and that is up.” - in Before It`s News

Related stocks and ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), 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.

It’s Inflation That Drives The Gold Train, Not Political Uncertainty

“People who are saying there is no reason to buy gold now, never understood the reason people were buying it in the first place. People weren’t buying gold because they were worried about a crisis in the Eurozone or weak US stocks. People were buying gold because central banks were printing too much money. It’s inflation that drives the gold train, not political uncertainty.” - in Goldseek 

Related ETFs: SPDR Gold Trust ETF (GLD), SPDR SP 500 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.

February 24, 2013

Video: The Bullish Case For Commodities Is Very Strong



Related ETFs: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), United States Oil Fund ETF (USO), SPDR SP 500 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.

February 23, 2013

Crude Oil: It`s a Healthy Correction



Related stocks and ETFs: United States Oil Fund ETF (USO), Exxon Mobil (XOM), Marathon Oil (MRO), Chevron (CVX), Conoco Phillips (COP), Murphy Oil (MUR),  Energy Select Sector SPDR (XLE)

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.

February 22, 2013

Video: People Are Looking For Excuses To Take Profits



Video Summary: Peter Schiff, Euro Pacific Capital, weighs in with his trade on the S&P, with CNBC's Jackie DeAngelis and the Futures Now Traders.

Related ETFs: SPDR S&P 500 ETF (SPY), 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.

February 21, 2013

Video: Peter Schiff Takes On Credit Suisse Gold Bear



Video Summary: Widely followed investment broker and gold bull Peter Schiff challenges gold bear Tom Kendall of Credit Suisse.

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.

Video: Some Perspective On America's Financial Situation



Video Summary: "Here's the video I talk about on (the) show (on February 14th). It's funny because it's true. It's scary because it's true. Share this with anyone who could use some perspective on America's financial situation." - in Schiff`s Facebook Page

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 Pullback Explained


Video Summary: Reports of the death of the gold bull market have been greatly exaggerated. In the global currency war the biggest loser wins. However, the real winner will be gold. The race to debase means no fiat currency is safe. Savers are assured of being collateral damage unless they protect their purchasing power with a monetary asset central banks cannot print.

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.

February 20, 2013

Inflation Is Driving Stocks Higher

"The only reason that it looks like the problems are getting better is because the governments around the world are creating so much inflation to cover them up. And it`s inflation that is driving the stock market higher." - in Fox Business

Related: SPDR SP 500 ETF (SPY), SPDR Dow Jones Industrials ETF (DIA)

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: Markets Will React Big When Reality Sets In


Video Summary: Peter Schiff on Fox Business (2/18/13)

Related ETFs: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), SPDR S&P 500 Index (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.

February 19, 2013

Video: Why Canada Will Divorce The U.S. And Marry China


Video Summary: Renowned financial guru Peter Schiff presents his lecture entitled, "The Canadian Yuan: Why Canada Will Divorce The US And Marry China." Taped at Cambridge House International's Vancouver Resource and Investment Conference in January 2013.

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: Rand Paul On The Peter Schiff Show


Video Summary: Senator Rand Paul talks to Peter Schiff on his radio show about his response to the State of the Union address, economics, and government spending.

Related ETFs: SPDR SP 500 ETF (SPY), SPDR Gold Trust ETF (GLD), SPDR Dow Jones Industrials ETF (DIA)

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.

February 18, 2013

Gold: Can Rally to 5000 Dollars In 2 Or 3 Years

“Can it get to $5,000 in six months? Probably not. In two to three years it’s more likely. I doubt it will take five years. If it takes that long, it will go higher.” - in MarketWatch

Related ETFs: 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.

We Should Completely Abolish The Minimum Wage

"What we really should do is completely abolish the minimum wage, that would make a lot of sense. We didn't have a minimum wage for most of American history. It's something that started in the 20th Century. It was a bad idea and we ought to admit that it was a bad idea and get rid of it completely." - 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.

February 17, 2013

There Is A Currency War Going On

"There is a currency war going on. The irony of a currency war which makes it different from other wars is the object is to kill itself. Unfortunately, I think the U.S. is going to win the currency war." - in a  Index Universe conference earlier this week

Related: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), 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.

February 16, 2013

The Federal Reserve Knows That The U.S. Economy Is Not Recovering

"The Fed knows that the U.S. economy is not recovering. It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode." -
in CNBC

Related: 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.

February 15, 2013

Video: The Real State Of The Union


Video Summary: The real state of the US 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.

February 14, 2013

We Don`t Have A Secretary Of Treasury, We Have A Secretary Of The Debt



Video Summary: On Wednesday, President Obama's nominee for Secretary of Treasury Jack Lew faced a Senate Finance Committee where he was scrutinized to see if he was fit to succeed Timothy Geithner. During the session, Lew faced tough questions from Republicans regarding his time at Citibank during the financial crisis where he received a $1 million bonus. Peter Schiff, president of Euro Pacific Capital, joins RT's Liz Wahl to discuss.

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.

February 13, 2013

The Whole World Is Engaging In A Race To Debase

“We are creating so much money. Japan, Europe, China, the whole world is engaging in a race to debase. Everybody thinks inflation is good, printing money is good, a weak currency is good.” - in CBS Market Watch 

Related ETFs: 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 Media Bias Against Gold

“If you compare the volatility to stock markets, it’s a lot less volatile. Also, whenever the stock market makes a nominal new high, the bias in the media against gold goes up.” - in Market Watch 

Related ETFs: SPDR Gold Trust ETF (GLD), SPDR SP 500 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.

Inflation: Anybody Who Believes There Is No Inflation Isn't Shopping

"Anybody who believes there is no inflation isn't shopping." - 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.

We Owe Trillions. We Are Broke.

"We're broke. We owe trillions. Look at our budget deficit, look at the debt to GDP (ratio), the unfunded liabilities. If we were in the euro zone they would kick us out." - 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. 

February 12, 2013

The U.S. Is Going To Win The Currency War

"There is a currency war going on. The irony of a currency war which makes it different from other wars is the object is to kill itself. Unfortunately, I think the U.S. is going to win the currency war." - in CNBC 

Related: SPDR SP 500 ETF (SPY), 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 Dollar's Value Will Go Into Steeper And Steeper Decline

"While we cannot redeem our dollars for gold with the Fed, we can still buy gold with them in the open market. As more investors and governments choose to save in precious metals, the dollar's value will go into steeper and steeper decline - thereby driving more investors into metals. That's when the virtuous circle upon which the dollar has coasted for a generation will quickly turn vicious." - excerpt from The Bernanke Shock

Related ETFs: iShares Silver Trust ETF (SLV), 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.

February 11, 2013

Automation: Destroying Jobs or Creating Productivity?


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 Value Of The Bonds Will Disappear Through Inflation Rather Than Default

"With the new debt piling up faster than ever, and the government showing itself to be blatantly incapable of making hard choices, it should be clear to anyone with a half semester of accounting that the Treasury debt should be downgraded. Yes the government has a printing press, but that only means that the value of the bonds will disappear through inflation rather than default." - an excerpt from Peter Schiff: Messing With The Bull 

Related ETFs: iShares Lehman 7-10 Year Treasury Bond ETF (IEF), 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.

Mess With The Bull And Get The Horns

"With the announcement this week of its massive $5 billion lawsuit against ratings agency Standard & Poor's, the Federal Government took a bold step to squelch any remaining independence of thought or action in the financial services industry. Given the circumstances and timing of the suit, can there be any doubt that S&P is paying the price for the August 2011 removal of its AAA rating on U.S. Treasury debt? In retaliation for the unpardonable sin of questioning the U.S. Treasury's credit worthiness, the Obama Administration is sending a loud and clear message to Wall Street: mess with the bull and get the horns." - in Economic Policy Journal 

Related ETFs:  iShares Lehman 7-10 Yr Treasury Bond ETF (IEF), 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.

February 10, 2013

Video: The Worst Cash To Hold



Related: USDJPY, US Dollar, Japanese Yen;

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.

February 9, 2013

Japan`s Inflation Play Will Backfire



Related: Nikkei 225, USDJPY, forex

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.

February 8, 2013

Video: Dow 14,000 Is Not A Big Deal



Related: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM)

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.

February 7, 2013

China: It Is Now A Net Seller Of US Treasuries

"Every month, we hear about central banks increasing gold reserves. The latest are Russia and Kazakhstan, but in the last year, countries from Brazil to Turkey have been adding to their gold holdings in order to diversify away from fiat currency reserves.

And don't forget China. Once the biggest purchaser of US bonds, it is now a net seller of Treasuries, while simultaneously gobbling up gold. Some sources even claim that China has unofficially surpassed Germany as the second largest holder of gold in the world." - in Finance Townhall

Related: SPDR Gold Trust ETF (GLD), iShares Lehman 7-10 Year Treasury Bond ETF (IEF), 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.

The Federal Reserve Is Like A Drug Addict Making Any Excuse To Get Its Next Fix

"Our sovereign creditors know that Ben Bernanke and Barack Obama are just regular men in fancy suits. They know the Fed isn't harboring some ingenious plan for raising interest rates while successfully selling back its worthless mortgage and government securities. Instead, the Fed is like a drug addict making any excuse to get its next fix.

US investors should be as shocked as the Bundesbank about the Fed's deception. While we cannot redeem our dollars for gold with the Fed, we can still buy gold with them in the open market. As more investors and governments choose to save in precious metals, the dollar's value will go into steeper and steeper decline - thereby driving more investors into metals. That's when the virtuous circle upon which the dollar has coasted for a generation will quickly turn vicious." - in Town Hall 

Related: 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.

February 6, 2013

Video: The Furor Over Credit Ratings



VIDEO SUMMARY: Peter Schiff, CEO, Euro Pacific Capital says the U.S. government is being vindictive by going after S&P over its ratings on mortgage bonds. He sounds caution on the triple-A ratings on U.S. treasuries.

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.

Fox Business Video: Retirement Will Be As Rare As A Single Income Household


Related: SPDR S&P 500 Index (SPY), 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.

February 5, 2013

The Merits Of A Strong Currency

"Productive nations generate excess goods and services that can be sold abroad and their growth and stability attract investment funds from abroad. These conditions will tend to increase demand for the nation's currency, thereby pushing up its price. A strong currency keeps capital and raw materials costs low, enabling more productive workers to earn higher real wages. But according to most economists, a strong currency will bring down an economy because it destroys international competitiveness and can even lead to lower prices (deflation) which they see as economic quicksand. These fears have ignited a "global currency war" in which countries are expending huge amounts of national savings in order to ensure that their currencies stay cheap. In today's economic logic we must fail in order to succeed."  - excerpt from The Biggest Loser

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: We Are A Lance Armstrong Economy


Peter compares Lance Armstrong's use of artificial stimulants to the Federal Reserve's use of artificial stimulus. This aired on January 18, 2013.

Related: SPDR S&P 500 Index (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.

February 4, 2013

Video: More People Are Going To Be Talking About Rising Gas Prices Than Rising Stock Prices


Related: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 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 3 Pillars Supporting The US Treasuries

"In last month's Gold Letter, I wrote about the three pillars supporting the US Treasury's persistently low interest rates: the Fed, domestic investors, and foreign central banks - led by Japan. I examined how Japan's plans to radically devalue the yen may undermine that country's ability to continue buying Treasuries, which could cause the other pillars to become unstable as well." - in IB Times 

Related: iShares Lehman 7-10 Yr Treas. Bond ETF (IEF),   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.

February 3, 2013

More People Are Starting To Recognize That The US Dollar Is Going To Lose Value

"The european situation is now diffusing. A lot of money was fleeing the euro, now it`s going back to the eurozone. So people are buying euros, they are selling dollars and I think more people are starting to recognize that the dollar is going to lose value." - in Fox Business 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.

February 2, 2013

The Federal Reserve Is Getting Ready To Increase The Dosage

"The Fed(eral Reserve) is getting ready to up the dosage of the stimulus. A lot of people were thinking that the Fed was going to take away the money or stop the stimulus. They are not going to do it. They are going to have to up the dosage." - in Fox Business News

Related: SPDR SP 500 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.

February 1, 2013

US Economy: The Temporary Euphoria Of The Stimulus Is Wearing Off

"The temporary euphoria of the stimulus is wearing off. The hangover is setting in. And as bad as things were during the Obama recovery, wait until you see how bad things will get during the Obama recession." - in Fox Business News

Related: SPDR SP 500 ETF (SPY), SPDR Dow Jones Industrials ETF (DIA)

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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