"Gold is going to make new highs – well above $2,000. People are going to forget that this correction ever took place and we're going to keep on going higher because we are in a major, historic gold bull market." - in Yahoo Finance
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.
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October 18, 2013
The Federal Reserve Keeps Buying Bonds To Keep Interest Rates From Rising
The Federal Reserve keeps buying bonds to keep interest rates from rising. We have no choice but to default if creditors want their money back. If interest rates go up, we can’t afford that. That is why the Fed feels that it has to keep interest rates down at all costs. So the Federal Reserve prints more money to buy up bonds. That puts pressure on the dollar. Foreign central banks than buy those dollars to prevent their currencies form rising, which imposes costs on their own population, as they are forced to absorb our inflation.
There will be big spikes in commodity prices, like energy and food. Ultimately, we will be forced to make even bigger cuts than the ones we would have made now had the debt ceiling not been raised. Then we’ll be Greece, essentially. If we refuse, and keep spending, and the Fed prints even more money to buy the bonds no one else will buy, we’ll destroy the dollar and then we’ll be Weimar Germany. - in Daily Caller
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.
There will be big spikes in commodity prices, like energy and food. Ultimately, we will be forced to make even bigger cuts than the ones we would have made now had the debt ceiling not been raised. Then we’ll be Greece, essentially. If we refuse, and keep spending, and the Fed prints even more money to buy the bonds no one else will buy, we’ll destroy the dollar and then we’ll be Weimar Germany. - in Daily Caller
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.
October 17, 2013
Video: Janet Yellen Exposed - The Truth Behind the Myth
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 16, 2013
Fiat Standard vs. Sound Money
"It’s the politicians that want to be on a fiat standard. They don’t want the discipline of gold. It is the public, the people that want sound money. The government wants paper money." - in Minyanville
Related ETF: 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.
Related ETF: 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.
October 15, 2013
Paper Currencies Are Going To Be Backed By Gold
"I think these paper currencies are going to have to be backed by gold. I think that right now currencies are backed by the dollar; the world is on a dollar standard. Unfortunately, the dollar is backed by nothing. You cannot back a currency with another currency if the latter currency is backed by nothing. There has to be an anchor somewhere." - in Minyanville
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.
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.
October 13, 2013
Video: Debt Ceiling, Gold & Janet Yellen
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, 2013
The Idiocy At Obamacare Call Centers
This is the funniest video on this website. Hilarious stuff on Obamacare.
Video: Obama Lies About The Implications Of Raising The Debt Ceiling
Peter Schiff discusses the implications of raising the debt ceiling and the President`s recent remarks on the subject.
October 3, 2013
Video: The Media Is Spinning The Government Shutdown
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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