Peter's Blog

Priced in Gold, Stocks Are Extremely Overvalued (Video)

Yesterday, Peter Schiff told CNBC’s Futures Now that Janet Yellen has it wrong – the stock market isn’t “a little overvalued”; it’s extremely overvalued. He went on to explain why he believes the US stock market is going to lose a substantial amount of its value relative to the price of gold.

Obama’s “Recovery” Will Lead to a Dollar Collapse (Video)

Graham Ledger spoke with Peter Schiff last week about all the official excuses for the poor first quarter GDP. Ledger compared this winter to the epically poor winter of 1984, when the GDP still managed to rise by more than 4%. On top of that, he compared the so-called Obama “recovery” to the Reagan recovery […]

Silver Could Outperform Gold, End 2015 Over $17/Oz (Video)

Kitco News interviewed Andre Leyland of Thomson Reuters GFMS about the latest silver demand trends. While demand in 2014 was down very slightly from 2013, Leyland emphasized that 2013 was a record year for silver demand around the world. Looking forward, he expects demand to grow, and with it the price. In fact, Thomson Reuters […]

Gold Will Go Ballistic When Markets Realize the Fed Has No Exit Strategy (Audio)

Chris Waltzek of GoldSeek Radio interviewed Peter Schiff last week. They discussed the future of the US dollar and the price of gold. What’s really holding gold back is not just the strong dollar, but the idea that the Fed is going to be raising interest rates. It’s the fear of higher rates that is […]

Faber: I Own Gold Because I Don’t Trust Banks (Video)

Marc Faber told CNBC what he turns to in an unpredictable world of central bank money printing: precious metals. We know that Faber buys and owns physical gold. When it comes to stocks, he also recommends focusing on gold mining companies.

The Fed Is in the Business of Making Things Worse (Video)

Following the Federal Reserve’s monthly meeting, the financial media has been making the rounds to get everyone’s opinion of the economy. Jim Grant agrees with Peter Schiff: it looks like radical monetary policy “is pretty much here to stay.” As usual, Grant shares his contrarian views with CNBC in his dry, witty, and disarmingly honest […]

FOMC Is Bluffing; Prepare for QE4 and No Rate Hike (Video)

The Federal Reserve has a two-day meeting this week. CNBC World asked Peter Schiff what he expects the results of the meeting will be. Peter argued that the Fed will continue to bluff about raising interest rates. He believes a fourth round of quantitative easing is more likely in the next year.

The Moral Hazards of Public Debt and How to Save Yourself

In the second part of his interview with the Daily Bell, Peter Schiff discusses the economic dilemmas of Greece and the eurozone. He warns that the United States faces the same moral hazard of massive public debts that will be impossible to repay. Peter believes the Federal Reserve and American government will resort to currency […]

The Economic Politics of the Yuan-Dollar Peg (Video)

News broke this week that China may soon announce a major increase in its gold reserves in order to convince the IMF that the yuan should be included in the Special Drawing Right basket of currencies. Jim Rickards, an expert on geoeconomics, believes the yuan’s inclusion in the SDR is inevitable and will go into […]

Druckenmiller: Fed Policy Is Extremely Short-Sighted (Video)

There are very few investment professionals voicing concern about the Federal Reserve’s easy monetary policies nowadays. Most economists still believe the Fed will likely raise the Fed Funds interest rate in June, or at least by September. The financial media takes it as a given that the United States economic recovery remains relatively robust, while […]