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Michael Pento’s Market Commentary In current economic analysis, inflation is largely in the eye of the beholder, and depending on how you choose to look, very different stories emerge. In the U.S., food and beverages count for just 16.4% of the CPI calculation. The Chinese apparently believe that the basic necessities of life should count […]
By Peter Schiff Back in October of 2009, when Congress first announced the formation of a commission to investigate the cause of the 2008 financial crisis, I knew immediately that their ultimate conclusions would support the agendas of their respective political parties. (Watch the video blog I recorded that day) Particularly, I knew that the […]
Michael Pento’s Market Commentary There can be little doubt that Fed Chairman Benjamin Bernanke has been a very, very good friend to gold investors. However, some of those who have benefited from his largesse now fear that the recent selloff in gold indicates an imminent end to Bernanke’s monetary high-wire act. Most assume that a […]
By Peter Schiff In the early fall of 2009, just before I announced my candidacy for the U.S. Senate, I was introduced to a number of Washington-based political analysts and journalists. Among the group was Stuart Rothenberg, writer of the Rothenberg Political Report, a classic “inside the Beltway” publication targeted at those whose lives and […]
By Peter Schiff Last month, I addressed the hype around gold confiscation, and debunked the myth that collectible or numismatic coins would offer effective protection. But there is another sales pitch that many dealers will use while trying to “up sell” you to numismatics. They may argue that on investment merits alone, numismatics are a […]
The following article was written by Mary Anne and Pamela Aden for the January 2011 edition of Peter Schiff’s Gold Letter. In May, gold hit an all-time record high, and then, in September, silver reached a 30-year high. It was super bullish action, exciting to watch and to be part of, and it’s not over […]
Gold Imports by China Soar Almost Fivefold Bloomberg – The Shanghai Gold Exchange reported that gold bullion imports into China have jumped five-fold since 2009. This reflects strong demand for gold investment among the Chinese, whose local currency, the yuan, is being rapidly devalued to maintain its exchange rate with the US dollar. While prices […]
By Peter Schiff The United States Postal Service announced this week that all future first class postage stamps sold will be the so–called “forever stamps” that have no face value but are guaranteed to cover the cost of mailing a first class letter, regardless of how high that cost may rise in the future. Currently […]
Michael Pento’s Market Commentary The Fed’s lucky streak of luring bond investors with low interest rates may be drawing to a close. Nevertheless, the extended period of low borrowing costs has bred a new breed of investor. To the bulls and bears, we can now add the ostriches – those who bury their heads in […]
By Peter Schiff There is an old adage on Wall Street: no one rings a bell to signal a market top or bottom. Yet, I have found that bells do ring; it’s just that few people know exactly what sound to listen for. Perhaps the biggest and most liquid of all markets is for US […]
