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Original Analysis

Should I Be Worried About Gold Confiscation?

POSTED ON May 23, 2016  - POSTED IN Original Analysis

This article was submitted by JD Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

One of the common questions we hear from gold buyers is, “Is it possible that the government might come after my gold and confiscate it?”

In a time when the governments are waging a war on cash, it’s not hard for people to imagine that a war on gold is next.

There is some precedence for this, after all. On April 5, 1933, Franklin D. Roosevelt’s Executive Order 6102 “[forbade] the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” Americans who owned gold were told to deliver their gold to the bank and in exchange receive paper dollars of equivalent value, $20.67 per ounce at the time.

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To be very clear though, contrary to common belief, the government did not conduct a widespread seizure of gold, nor did it go door-to-door nor systematically raid safety deposit boxes. While a $10,000 fine and ten year prison sentence threatened the masses into obedience, only a handful of sting operations were conducted against a few offenders to serve as an example.

Gold as Legal Tender in Arizona? Close But No Cigar

POSTED ON May 20, 2016  - POSTED IN Original Analysis

company-addison-qualeThis article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

While many of us watch with concern as our economy slowly implodes and central bankers run amok, there are actually some hopeful signs we are moving in the right direction—the direction of sound money, that is.

arizona

An exciting bit of news came out of Arizona this past week. A bill calling for gold and silver to be considered legal tender passed both the state House and the Senate by large margins. Legally recognizing gold and silver as legal tender would exempt these monetary metals from capital gains taxes – making them much more attractive to investors

The bill was ultimately vetoed by Governor Doug Ducey, who remarked that it might lead to “unintended consequences.”

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Rout In Retail Likely to Continue

POSTED ON May 17, 2016  - POSTED IN Original Analysis

company-addison-qualeThis article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

Despite some good numbers in April, a look at the fundamentals indicates the rout in retail will likely continue long-term.

Mainstream media wants us to think that our economy is still humming along. With the stock market recovering from a recent drop, unemployment numbers staying steady, and other areas of the globe dealing with much greater issues than the US, most people can be forgiven for nodding their heads in agreement.

But there are clearly serious issues plaguing the economic health of this nation. Take for instance the area of retail.

The retail sector has suffered mightily, as this so-called recovery, the weakest on record, has not delivered as advertised. Consumers are clearly in no mood to spend these days. Instead, they are tightening their belts and paying off credit cards.

The Inflationary Process and Its Beneficiaries

POSTED ON May 16, 2016  - POSTED IN Original Analysis

Joel BaumanThis article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

In my latest post titled Inflation: A Semantic Change Worth Noting, I briefly reviewed the changing connotation of the terms ‘inflation’ and ‘deflation.’

In this final post in my 2-part series on inflation and banking, I look at the inflation process who whom it benefits.

The inflationary process is facilitated by two means: expanding the Federal Reserve’s balance sheet, and through credit expansion via fractional reserve banking.

bank

As the Fed buys assets, it creates the money to purchase them out of nothing but a promise. This is what most TV pundits refer to as “printing money.” The larger the Fed’s balance sheet grows, the more money must be created in order to finance these purchases.

JP Morgan: Gold Entering a New and Long Bull Market

POSTED ON May 13, 2016  - POSTED IN Original Analysis

This article was submitted by Fabian Gambino, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

Are Wall Street banks finally getting on the right side of the gold trade?

In an interview with CNBC, Solita Marcelli, global head of fixed income at JP Morgan, revealed that the Wall Street investment bank is recommending that clients position themselves for a “new and very long” bull market in gold.

morgan

She explained that negative interest rates around the world are making gold a more attractive investment. Since gold is a non-yielding asset and has minimal storage costs, it actually compares quite favorably with the increasing number of negative yield bonds on the global stage. It has a positive carry.

More Monetary Stimulus on Deck for UK, But Officials Moving Cautiously Before EU Exit Vote

POSTED ON May 12, 2016  - POSTED IN Original Analysis

Joel BaumanThis article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

In light of the economic malaise around the United Kingdom, the Bank of England may be releasing additional monetary stimulus in the near future. They will do this in response to increased unemployment rates and lack of private investing.

bank england

But the BoE is waiting on a June 23 referendum in which Britain and will decide whether or not to leave the European Union before taking action. The BoE is worried about the possible negative economic consequences this decision will have on its economy. Businesses have already been putting investments on hold until after the vote is has been decided. Mark Carney, the governor of the bank of England and Chairman of the Monetary Policy Committee (MPC), said the pending vote on what has become known as Brexit is weighing on growth and clouding the economic outlook.

Janet Yellen’s Bluff and Mario Draghi’s Hubris

POSTED ON May 5, 2016  - POSTED IN Original Analysis

company-dickson-buchananThis article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
The monetary landscape of today looks pretty grim. We are in the middle of the perennial decline in the rate of interest. Central bankers are convinced they can get us all out of this mess. But can they really?

Janet Yellen timidly tried to go against the decade long trend by raising rates at the end of last year. It has not panned out so well. In fact, rates actually declined despite her announcement and subsequent plan to keep raising rates throughout the year.

buchanan 1

Zooming out a bit we get a much clearer picture of the long term trend.

Interest Rates Out of Control – Proof Financial System Is Doomed to Destruction

POSTED ON May 4, 2016  - POSTED IN Original Analysis

company-addison-qualeThis article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

The free-market is held up as an ideal by many Americans. Our country was founded upon the idea of economic freedom, after all. Generally, we like to think of the USA as a “free country” and that we can make economic decisions as we see fit.

Sadly, the truth is that this economy is very much “shackled.” We see one of the clearest proofs of this in interest rates — the price of money. And money, as they say, is the lifeblood of an economy.

This raises some questions important questions.

bridge fall

The Tacoma-Narrows Bridge, collapsing in 1940: a bleak, but accurate analogy for the future of the American economy.

If our country and economy are supposed to be free, how is it that the interest rate is, by and large, set by the central bank? How can an economy be free when the price of its money is not controlled by free market forces but by government decree? Sure – taxation is the clearest example of government restriction of economic freedom. But what about something less tangible like the money we use? How can a people be free to act economically when they can’t even choose their own money, but are instead coerced into using a price-fixed fiat currency by law?

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How to Buy, Store, and Sell Precious Metals with SchiffGold

POSTED ON April 28, 2016  - POSTED IN Original Analysis

company-dickson-buchananThis article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

Due to the high level of response from our readers to the first article we posted on the benefits of our low cost vault storage solutions, we wanted to follow up and delve into the details of how to buy and sell gold and silver stored in a domestic or international vault.

To begin with, creating a storage account through our storage partners is a simple and easy process. Individuals as well as corporations, LLC’s, trusts, partnerships and other legal entities, can open an account. There is a one-page form to fill out, a couple of identification documents to provide, and in about two to three business days, your storage account will be opened. As our website details, we have domestic storage locations here in the US in addition to strategic international jurisdictions abroad.

Once the storage account is created and you have your assigned account number, you can then proceed to buy your physical metals from our firm.

Pension System Collapse Turning Retirement Dreams into Nightmares

POSTED ON April 27, 2016  - POSTED IN Original Analysis

company-addison-qualeThis article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

You know the old saying. “There’s a sucker born every minute.”

Sadly, many Americans have been suckered into thinking their pension was going to provide a stable and comfortable retirement. But government mismanagement and central bank monetary policy are quickly turning that retirement dream into a nightmare.

Pensions have been a major contributor to the Greek financial crisis, and the American system is looking increasingly Greek.

Just last week, Central States Pension Fund, one of the largest pension funds in the nation, filed an application to cut participant benefits. Central States handles retirement benefits for current and former Teamster union truck drivers across various states including Texas, Michigan, Wisconsin, Missouri, New York, and Minnesota. And in Illinois, pensions are underfunded to the tune of $111 billion.

This is not just an American phenomenon. A UK pension fund is also having serious issues and is slashing benefits.