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In yesterday’s podcast, Peter Schiff addressed the current stock market volatility, the United States housing market, retail sales numbers, and the American recovery fantasy.
The price of gold took off this morning when news broke that the Swiss National Bank has removed the euro cap on the Swiss franc. For three years, the franc has had a ceiling of 1.20 francs per euro. When the cap was removed, the currency surged 30% against the euro, sending currency traders scrambling […]
Famed contrarian investor Marc Faber has predicted that gold will go up “substantially” in 2015, perhaps as much as 30%. Much like Peter Schiff, Faber sees 2015 as the year that the markets wake up and realize that central banks are no longer capable of artificially supporting asset prices. Faber’s investment advice comes down to […]
Janet Yellen claimed the Federal Reserve is going to hit the interest rate gym this year, but we all know how New Year’s Resolutions turn out… Please share and enjoy the latest comic from Lampoon the System. SchiffGold now has a full archive of all past editions of Lampoon the System comics created for our […]
In his latest podcast, Peter Schiff dissects the jobs numbers from December, Obama’s new community college plan, and Charles Evans’ call for more inflation. Peter continues to be one of the few reporting on the reality underlying the headline jobs numbers, though Paul Craig Roberts just published an enlightening article at LewRockwell.com. Roberts looks at […]
Lawrence Williams reports for Mineweb that the Shanghai Gold Exchange (SGE) reported more than 2,100 metric tons of gold withdrawals in 2014. The last three trading days of the year alone saw 29 tons of withdrawals. Many analysts have turned to figures from SGE as a better gauge of Chinese consumer demand, because the Chinese […]
Edmund Shing, global equity portfolio manager for BCS Financial Group, told CNBC why he still sees gold as an excellent safe haven asset. Just as Peter Schiff has pointed out, investors who bought gold in any currency other than the US dollar last year saw excellent returns. What’s more, Shing agrees with Peter that the […]
You might not know that SchiffGold maintained an independent Gold Scams blog for many years to keep investors informed of the latest tricks and traps in the industry. The site had become a popular resource for learning about the latest gold scams, as well as how to safely purchase precious metals. The Gold Scams community […]
Last week, President Obama announced a plan to provide “free” community college to American students. Democrats in particular rejoiced at the proposal, revealing just how limited mainstream economic literacy really is. Austrian economists like Peter Schiff know that nothing is really free. Indeed, Obama’s plan would cost the federal government at least $60 billion. That’s […]
CNBC spoke with Chicago Fed President Charles Evans this morning about the Federal Reserve’s schedule for raising interest rates above zero percent. While Evans confirmed the official narrative that the United States economy is getting better and better, he still doesn’t think the Fed will raise rates until 2016. Even the CNBC anchors seem to […]
