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As turmoil continues in the markets with stocks selling off due to continued fears over coronavirus and its potential economic impact, Peter Schiff says gold is doing exactly what it’s supposed to do — serving as a safe haven and a store of value.
People have treasured gold for millennia. They’ve draped it over the bodies. They’ve used it as money. They’ve even adorned their tombs with the yellow metal. As beloved as it is, it should come as no surprise that gold has been the subject of many famous quotes. So, what are the greatest quotes featuring gold […]
Peter Schiff recently appeared on Fox Business Claman Countdown along with Stephen Guilfoyle and Luke Rahbari to talk about gold, bonds and coronavirus. Stocks have sold off two straight days as investors pile into safe-havens due to coronavirus fears. Yields on both 10-year and 30-year Treasuries fell to record lows this week. Gold has also […]
Last week, we told you about the rising level of subprime auto loan delinquencies. Well, there is a similar thing happening in the subprime credit card market. Is this the proverbial canary in a coal mine?
Stock markets tanked on Monday. The Dow Jones was down over 1031 points. It was the biggest drop in two years for the Dow. The Nasdaq shed 355 points. The S&P500 was down 111. As stocks dropped, the bond market was red-hot. Prices soared and yields dipped to record lows. Bonds are considered a safe-haven, […]
Last year at the Vancouver Resource Investment Conference, Peter Schiff bet Brent Johnson a gold coin that the Fed’s next move would be a rate cut. At this year’s conference, Peter collected his gold coin. Brent and Peter went on to debate the future of the US dollar. Brent says the dollar will go up […]
Investors poured into safe-havens last week as the coronavirus continued to create worry about the global economy. Bond yields hit all-time lows with the yield on the 30-year US Treasury dropping below 2%. Meanwhile, stocks tumbled Friday, with every major index showing losses. The Dow was down 227 points. Peter Schiff talked about what’s going […]
The interwebs are a strange place. We can learn about virtually anything with a few keystrokes. We have all kinds of information right at our fingertips. Unfortunately, a lot of it is utter BS. For instance, there was a video that went viral that made some people scared of gold.
Gold broke out this week. The yellow metal pushed through the $1,600 level and continued to climb. Conventional wisdom tells us this is all about safe-haven buying due to fear that the coronavirus will stunt global economic growth. That is certainly a factor. But could there be more to it than that? On this week’s […]
The powers that be insist that inflation is low. In fact, the central bankers at the Federal Reserve tell us that low inflation is one of the reasons they can keep interest rates artificially low. But everyday people who go to the store each week smell a rat. We know our dollar doesn’t stretch as […]
