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Original Analysis

China Finally Stops Fighting the Stock Market

POSTED ON April 16, 2015  - POSTED IN Original Analysis

China’s gold demand has exploded in the last few years as the Chinese government continued to liberalize its domestic gold market. Last year, foreign banks were given gold import licenses for the first time, and China opened a handful of new gold exchanges. However, China’s economic evolution stretches well beyond precious metals, as the West has seen in the recent boom in Chinese stock markets.

The financial media insists that Chinese stocks are in bubble territory and that Chinese economic growth of 7% is “disappointing.” In a new commentary from Euro Pacific Capital, Peter Schiff explains why the mainstream analysis is shortsighted when one looks at the history of the Hong Kong and Shanghai stock exchanges. Peter argues that with recent regulatory changes, Chinese markets have far stronger fundamentals than those in the West.

China Finally Stops Fighting the Stock Market

By Peter Schiff
Although China’s economy has been leading the world in annualized growth since the days that mobile phones had retractable antennas, there have always been some aspects of the country’s commercial and financial system that loudly broadcast the underlying illogic of a Communist Party’s firm control of burgeoning capitalism. China’s stock markets were one such venue where things just didn’t add up…literally.

15 04 16 Hong Kong stock exchange lobby

Greece May Adopt Drachma; US Already Has – Gold Videocast

POSTED ON April 14, 2015  - POSTED IN Original Analysis, Videos

One proposed solution to Greece’s European debt problem is for the Mediterranean country to abandon the euro and resurrect its old currency, the drachma. In his April Gold Videocast, Peter Schiff explains why a new drachma would be ideal for Greek politicians, but a disaster for Greek citizens and creditors. Peter also reveals why the United States faces the same debt dilemma as Greece. There’s just one major difference – the US already has a currency it can devalue.

Gold Strength on Strong Dollar Indicates Bottom (Audio)

POSTED ON April 13, 2015  - POSTED IN Original Analysis, Videos

On Friday, Peter Schiff looked back at a week of market rallies. While the US dollar strengthened, so did gold. In fact, gold approached a 2-year high in euros. Combined with the ongoing negative US economic data, this leads Peter to believe that there is a solid bottom in the gold market. At the end, Peter briefly notes that Ben Bernanke’s memoirs are due for release. Peter explains why he thinks the book should be shelved in the fiction section at your local bookstore.

US Economy Is Running Out of Jobs and Excuses (Video)

POSTED ON April 6, 2015  - POSTED IN Original Analysis, Videos

Last week, the March jobs data finally began to match the rest of the terrible economic data in America. While analysts are blaming the lower-than-expected non-farm payroll numbers on poor weather, the employment picture is actually worse than the first quarter of last year when the “polar vortex” swept through the country. In his latest video blog, Peter Schiff dissects all of this data and explains what it means for Federal Reserve policy going forward.

Q1 GDP at 0% Growth – When Will the Markets Wake Up? (Audio)

POSTED ON April 3, 2015  - POSTED IN Key Gold Headlines, Original Analysis, Videos

The US markets are closed today, but the March jobs numbers were release this morning — 126,000 non-farm payroll jobs were created last month. The forecast was for 245,000 new jobs, so this is a terrible report that falls nearly 50% short of expectations.

Taking into account all the economic data thus far in 2015, it’s no wonder that the Atlanta Fed’s GDPNow metric puts 1st quarter GDP growth at 0%.

None of this comes as a surprise to Peter Schiff, who has been predicting this slow descent into another recession for some time. His podcast from earlier this week reviews the latest awful economic data and predicts the poor jobs numbers that we saw this morning.

Economic Data Still Bad as Cost of Living Rises (Audio)

POSTED ON March 25, 2015  - POSTED IN Original Analysis, Videos

In his latest podcast, Peter Schiff reviews the latest economic data that indicates how poorly the economy is doing. Financial forecasts continue to be completely off-base, and many important data points have seen downward revisions. Meanwhile, the cost of basic necessities has gone up thanks to inflation. Peter expects the employment data is the outlier and will eventually catch up to the rest of these indicators.

The Dollar Has No Floor, and Gold Has No Ceiling (Video)

POSTED ON March 20, 2015  - POSTED IN Interviews, Original Analysis, Videos

In another interview on Yahoo! Finance, Peter Schiff contradicted the conventional narrative of the dollar’s future. He argued that the dollar’s brief, but dramatic dip this week is only a taste of what’s to come. Just like those who invested in subprime mortgages, people will get caught in the reversal and implosion of the dollar. This will likely come on the heels of massive consumer inflation thanks to the endless money-printing of global central banks. When this happens, investors will return to gold as a store of wealth. Peter pointed out that gold has no ceiling because there’s no limit to how low the dollar can sink.

Losing “Patient” Doesn’t Mean the Fed Has Lost Patience (Video)

POSTED ON March 19, 2015  - POSTED IN Original Analysis, Videos

Peter Schiff responds to the hubbub surrounding the Federal Reserve’s dropping of the word “patient” from its policy statement. Janet Yellen’s diction is meaningless, but if you look closely it also reveals that the Fed is far more dovish than people think. The Fed can play all the mind games it wants with the markets, but it can’t stop the inevitable crash of the US dollar. Remember — when you know how the game is going to end, play for the endgame.

Worst Economic Data Since 2008 Crisis (Audio)

POSTED ON March 16, 2015  - POSTED IN Original Analysis, Videos

The Bloomberg ECO US Surprise Index is at its lowest since 2009, which means that forecasts for economic data haven’t been more wrong for six years. Bloomberg asks, “Is this a sign of unanticipated weakness in the economy?” At first, it seems like the mainstream media is actually waking up to the fact that the American economic recovery is bogus. However, the piece goes on to give a number of excuses for why nearly every piece of economic data beyond jobs numbers can be ignored.

15 03 16 bloomberg expectations

Peter Schiff, on the other hand, has been answering Bloomberg’s question directly for months — yes, this is a sign of economic weakness and no, it’s not unanticipated. In his latest podcast, Peter asks the bigger question: Apart from employment figures, why are we seeing some of the worst economic data since the depths of the 2008 financial crisis?