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The Fed Is Doing Everything Wrong – A Peter Schiff Exclusive

POSTED ON October 10, 2014  - POSTED IN Interviews, Original Analysis

Back in September, Peter Schiff was interviewed by Anthony Wile of The Daily Bell. The exclusive conversation covered a vast number of topics, but in the second half they dug deep into Peter’s analysis of the United States economy. Peter, as usual, clearly explains our fundamental economic reality while deftly moving across a range of topics, from the performance of this year’s blockbuster movies to the European Central Bank’s rate cuts. 

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Daily Bell: What should the Fed be doing these days other than going out of business? What’s it doing wrong?

US Mint’s Bullion Sales Double in September

POSTED ON October 9, 2014  - POSTED IN Guest Commentaries, Key Gold Headlines, Videos

Former US Mint director Ed Moy appeared on Fox Business this week to talk about the popularity of gold as a safe-haven investment. Moy noted that in spite of ongoing negative sentiment toward the yellow metal, people in both the East and West continue to buy it. In fact, the US Mint’s gold bullion coin sales doubled in September versus August, showing that investors see gold’s depressed price as a buying opportunity.

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Your Instincts Are Right – Economy Is Floundering (Video)

POSTED ON October 8, 2014  - POSTED IN Original Analysis, Videos

Much positive economic hay has been made of the job report numbers that were released last week. The number on which everyone focuses is the unemployment rate, which touched a six-year low of 5.9% in September. According to the Bureau of Labor Statistics (BLS), 248,000 jobs were created.

But much of the financial media ignores the other side of the picture. Most importantly, the latest data from the BLS that shows the labor force participation rate at its lowest since 1978 – a disturbing 62.7%! The labor force participation rate refers to people who are currently employed or are actively searching for work. The chart below makes it blindingly obvious that the economy is not on the steady growth track the government would like us to believe.

Rickards: Buy Gold, because US Fundamental Economy Is Very Weak (Video)

POSTED ON October 7, 2014  - POSTED IN Guest Commentaries, Interviews, Videos

Jim Rickards, author of Currency Wars, appeared on Bloomberg TV yesterday to talk about the fundamental economy of the United States and the weak price of gold. Much like Peter Schiff, Rickards believes that the US economy is already in a depression and that the Federal Reserve will not be able to raise interest rates anytime soon. In fact, Rickards believes another round of quantitative easing will begin in 2015. When asked if he thought interest rates would be raised next year, he responded, “Not in my lifetime.”

Here’s the video. Find some highlights of Rickards’ interview posted below.

Shrinkflation – It’s What’s for Dinner

POSTED ON October 6, 2014  - POSTED IN Lampoon the System

The latest comic from Lampoon the System peeks into the life of an American family grappling with the plight of “shrinkflation.” Let’s be grateful that the entity that bears the most responsibility for this economic trend (the Federal Reserve) is not actually doing our cooking for us.

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Shrinkflation has been in the news quite a bit the last couple months. Peter Schiff and other well-respected market analysts have pointed to it as one of the many negative effects of the Fed’s toxic monetary stimulus programs. You can read more about the shrinkflation phenomenon in this post. It’s not just ice cream and chocolate bars that are shrinking before our eyes, though. The fundamental value and purchasing power of the United States dollar itself is slowly crumbling away. Read more here.

SchiffGold’s new website now has a full archive of all past editions of Lampoon the System comics created for our brand. Explore them here.

Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics.
Click here for more cartoons and information on his anthology book, available for only $15.

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

The Sound Money Business: Four Years Past and Future Forecast

POSTED ON October 3, 2014  - POSTED IN Original Analysis

By Peter Schiff

Yesterday, I launched this new website and announced the rebranding of my gold bullion dealer from Euro Pacific Precious Metals to SchiffGold. I started this company four years ago to provide a trustworthy option for my Euro Pacific Capital brokerage clients, but it has since grown to become a major US gold dealer in its own right. This landmark for my company comes in the midst of a historic time for the precious metals. The past four years have had highs and lows. We have been experiencing the inflation of remarkable new asset bubbles, and gold’s response has been mixed. But I have reason to believe that over the next four years, gold and silver investors will witness shocking macroeconomic events that put to rest any doubts about the importance of having sound money in every portfolio.

Welcome to SchiffGold!

POSTED ON October 2, 2014  - POSTED IN Key Gold Headlines

Euro Pacific Precious Metals is now SchiffGold. Below you will find a personal message from our Chairman Peter Schiff.

We’re proud to announce this new responsive website and a new brand that is clear and simple, just like our business philosophy. We are committed to bringing you the lowest prices on investment-grade gold and silver, along with the highest quality customer service in the industry. Call and speak with one of our Precious Metals Specialists to learn more: 1-888-GOLD-160 (1-888-465-3160).

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

The Swiss Want Even More Economic Freedom (and Gold)

POSTED ON September 24, 2014  - POSTED IN Key Gold Headlines

Switzerland is ranked as the freest economy in Europe in the 2014 Index of Economic Freedom, published by the Heritage Foundation in partnership with the Wall Street Journal. In the world rankings, Switzerland is the 4th most economic free country. While the United States Federal Reserve argues that inflation is necessary for economic stability, it should be noted that Switzerland has achieved its economic freedom with a current inflation rate of negative 0.7%. That means consumer goods are getting cheaper for the average Swiss citizen every year. Try to wrap your head around that, Janet Yellen. And while you’re at it, explain why the United States isn’t even in the top 10 freest economies in the world.

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Yet in spite of this relative prosperity, the Swiss populace is not satisfied. They want more freedom and are getting ready to demand more economic responsibility from their central bank, the Swiss National Bank (SNB). This fall, the citizens of Switzerland will be voting on a referendum that would dramatically alter the SNB’s gold bullion allocations and holding policy.

The Fed Can’t Raise Rates No Matter What Yellen Says (Video)

POSTED ON September 22, 2014  - POSTED IN Original Analysis, Videos

The precious metals have been having a hard time recently, especially following Janet Yellen’s press conference last week. While Yellen was extremely vague about when the Federal Reserve would raise interest rates, the financial media latched on to her theoretical discussion of how rates would be raised when the time came. This turned out to be the only part of Yellen’s statement the markets seemed to care about. Even unbiased, legitimate new agencies like Reuters reported that “…the Federal Reserve indicated in its policy statement it could raise borrowing costs faster than expected when it starts moving.” This is the explanation for gold and silver’s latest downturn. Talk about not seeing the forest for the trees.

In his latest Schiff Report video, Peter Schiff dissects Yellen’s press conference and the Fed’s statement to explain why the Fed will never raise interest rates. In fact, Peter thinks the United States is overdue for another cyclical recession. Physical gold and silver investors should be focusing on this big picture view instead of the deliberately confusing hypotheticals presented by Yellen and the financial media. The economy is getting worse, and this latest news is just another opportunity to stock up on more gold at discounted prices before the markets wake up to the reality of the Fed’s predicament. Here are some excerpts from the video, which you can watch below.