Peter's Blog

Gold Trudges Forward

The following article was written by Mary Anne and Pamela Aden for the July 2011 edition of Peter Schiff’s Gold Letter. The answer is no. Even though gold is currently under pressure, the major trend remains up and the fundamentals are still very positive.

This Month in Gold – July 2011

Crisis of Confidence in US Dollar Possible: UN Financial Post – Ban Ki-Moon has just won a second term as UN Secretary-General. Kudos. The eroding value of his tax-exempt salary denominated in US dollars, however, is less cause for celebration. A mid-year review of the world economy by the UN’s economic division points out that […]

The Extinction of Retirement

Michael Pento’s Market Commentary For the better part of a century the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real estate and equity prices, positive real interest rates on savings, the continued solvency of public and private pension plans, and the reliability of national entitlement programs […]

Central Bankruptcy – Why QE3 is Inevitable

Michael Pento’s Market Commentary As the U.S. economy seemingly limps out of the Great Recession most analysts now assume that the Federal Reserve will soon join the tide of other central banks and bring an end to the current era of unprecedented monetary expansion. Markets expect that Fed will begin withdrawing liquidity this summer, not […]

End Game

By Peter Schiff Economic data over the past weeks, punctuated by last week’s dismal employment reports, confirm the diminishing impact of the stimulus efforts orchestrated by the Obama Administration and the Federal Reserve. In what must be a huge disappointment to Keynesian enthusiasts, the record doses of both monetary and fiscal narcotics did not produce […]

This Month in Gold – June 2011

Factbox: Gold Milestones on the Way to the Summit Reuters – On Monday, May 2nd, gold attained an all-time record high of $1,575.79/oz. In commemoration of this historic milestone, a Reuters Factbox captures some important dates in gold’s trading history since the early 1970s: August 1971, Nixon takes dollar off gold standard; January 1980, gold […]

After the Dollar: What Comes Next?

By Peter Schiff My readers are familiar with my forecast that the US dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other […]

Record Highs Turn Volatile… Stay Focused

The following article was written by Mary Anne and Pamela Aden for the June 2011 edition of Peter Schiff’s Gold Letter. Volatility infected silver in particular. As it approached its old record high, investors got nervous and it dropped some 27% in just one week. But considering silver has soared over 1,000% over the past […]

Stimulus Wears Off

Michael Pento’s Market Commentary The artificially engineered U.S. recovery is already starting to falter as a continuous procession of disappointing data continues to confirm the sad truth. Recent numbers on GDP, durable goods, housing, regional manufacturing, initial unemployment claims and leading economic indicators all indicate a sharp slowdown in GDP growth. Just today the ADP […]

Training Wheels Off, Crash Helmets On

Michael Pento’s Market Commentary Based on many pronouncements by economic policy makers, reams of articles by the top financial journalists and near continuous discussion on the financial news channels, it appears that the quantitative easing juggernaut that has steamed the high seas of macroeconomics for the last three years is finally pulling into port…supposedly for […]