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Gold is power. We know that gold historically holds its value over time and serves to preserve wealth, especially in times of economic chaos. But gold also offers its holder political power. Countries that stockpile gold create a foundation of stability for their monetary systems. This is precisely why China is increasing its gold holdings. […]
Under the original Coinage Act of 1792, drafted by Alexander Hamilton, the penalty for debasing a coin was death. Under that law, President Lyndon B. Johnson was guilty of a capital offense. Fifty years ago today, Johnson signed the Coinage Act of 1965, setting into motion five decades of currency debasement that continues today. Under […]
Jim Rickards appeared on Bloomberg to explain why gold hasn’t actually lost any real value. It’s just the strength of the dollar that has pushed down nearly all commodities and currencies. Rickards argues that now is a very good time to buy the yellow metal, especially if you’re looking for the safest way to preserve […]
The following article was written by Keith Weiner of Monetary Metals and recommended by our Precious Metals Specialists. Any views expressed do not necessarily reflect the views of Peter Schiff or SchiffGold. Lions, Tigers, and Gold Bears, Oh My! We can’t count how many articles we saw today, bemoaning gold going down. The price action […]
Fox Business asked Peter Schiff to explain why investors should continue to hold on to their gold, rather than sell it at a loss. Peter clarified that he has never recommended investing only in gold and not in stocks. Instead, owning gold is a way to protect yourself from fiat money and central bank policy. […]
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 […]
This article is written by Peter Schiff and originally published by Euro Pacific Capital. While Greece is now dominating the debt default stage, the real tragedy is playing out much closer to home, with the downward spiral of Puerto Rico. As in Greece, the Puerto Rican economy has been destroyed by its participation in an […]
Demand for physical gold and silver has surged over the past two months, with mints around the world reporting robust sales in the midst of the Greek crisis and warning signs in other economies. According to US Mint figures, the sale of 1-ounce American Gold Eagles more than quadrupled, jumping from just 13,500 coins sold […]
The People’s Bank of China (PBOC) announced today that it’s gold holdings have grown by 57% to about 1,658 metric tons. This is the first official update to China’s gold reserves since 2009. China’s gold reserves are now the fifth largest of any country in the world and sixth when you include the holdings of […]
