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In his podcast released yesterday evening, Peter Schiff explains why the price of gold plunged on Sunday night. More importantly, he reminds investors why gold is not a faith-based asset, like fiat money. He also reviews China’s relationship to gold, and compares the current market to the last time a bear market in gold ended. […]
Gold fell to about $1,090 an ounce last night after the biggest single-day decline in its price in two years. It is now hovering around $1,110 an ounce. Market consensus is that the sharp drop in price was triggered by major selling in the Shanghai gold market by gold speculators. The drop in price is […]
Peter Schiff got into a heated debate on CNBC this afternoon when he explained why he thinks now is a good time to buy gold. The floor traders couldn’t wrap their heads around Peter’s suggestion that the Federal Reserve might launch a new round of quantitative easing in the next year. Instead, they insisted that […]
I like chocolate. In fact, I like it a lot. That said, I sure wouldn’t pay $150 for a chocolate bar. But apparently a lot of Americans value chocolate about that much, or they simply don’t understand the value of precious metals. A few weeks ago, Mark Dice tried – and failed – to sell […]
Peter Schiff shares his thoughts Greece’s capitulation and acceptance of a third bailout deal from Europe. He reviews some of the other options Greece might have had if it wasn’t run by a socialist government.
The financial media latched onto Janet Yellen’s latest statements as further proof that a rate hike will happen this year. Peter Schiff debunks this analysis in his latest podcast, pointing out that Yellen’s phrasing remains as ambiguous as ever. Peter also addresses the latest news out of Greece, where he expects the Greek government to […]
Peter Schiff spoke with Reason TV about the dramatic plunge in the Chinese stock market over the past three weeks. Peter explains how China mimics America’s money-printing economic policy to suppress the strength of the yuan. The effect is similar in both countries – currency inflation, which artificially stimulates investment in stocks. Despite the correction […]
Ken Hoffman, Global Head of Metals & Mining Research with Bloomberg Intelligence, spoke with Kitco News about the possibility of China putting its yuan currency on a gold standard. Hoffman emphasized it is not difficult to imagine, because China has been laying the groundwork for years – buying up gold, starting a gold bank, building extra […]
Peter Schiff shared his take on the Greek crisis with RT. Peter argues that Greece needs to dismantle its giant government and embrace free-market capitalism to grow its economy.
Peter Schiff is now a regular guest on Alex Jones’ InfoWars. Peter’s first appearance was last Friday, and the two had a lively conversation about the slow decline of the United States economy. Peter compared Greece to America and argued that the US has less economic freedom than communist China. They also touched on the […]
