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Switzerland’s Battle for Sound Money

POSTED ON November 12, 2014  - POSTED IN Lampoon the System

Lampoon the System urges the Swiss to defend their Fortress of Sound Money by voting “yes” on the Swiss Gold Initiative on November 30th.

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SchiffGold 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.

Get Peter Schiff’s latest gold market analysis – click here for a free subscription to his exclusive monthly Gold Videocast.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

In Defense of Peter Schiff

POSTED ON November 12, 2014  - POSTED IN Guest Commentaries

James E. Miller, editor-in-chief of Mises Canada, published a defense of Peter Schiff’s forecasting record last week. Miller calls out mainstream financial media as biased Keynesian propagandists, while praising Peter’s willingness to stand by Austrian Economics in the face of public ridicule.

Still, Schiff has a point. He went on national television and endured a deluge of mockery for challenging established opinion. His forecasts, while not always correct, were far more accurate than those of his contemporaries. No one likes an ideologue wedded to a philosophy to the point of redundancy; yet there comes a point when facts are facts. When it mattered, Schiff had both an accurate assessment of the economy and a solid explanation to justify his findings. His advice might have saved the livelihood of millions, had it been taken. To this day, his call was seen as heroically prophetic, even while his philosophical underpinnings are still held in suspicion. He hasn’t earned the benefit of the doubt in the eyes of his Keynesian-minded contemporaries.”

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US Dollar Will Lose Reserve Status by End of Decade (Video)

POSTED ON November 11, 2014  - POSTED IN Guest Commentaries, Key Gold Headlines, Videos

Renowned author and investor Jim Rogers appeared on RT yesterday to share his thoughts about the end of the US dollar as the world’s reserve currency. In this short interview, he suggests that the Chinese renminbi might fill the void left by the dollar. This prediction shouldn’t be much of a surprise to our readers, as we’ve been following the ever-growing gap between the East and West. The big takeaway is this: Rogers is certain that by the end of this decade, the world will be well on its way to completely abandoning the dollar as a reserve currency.

The US thinks that they’re in charge and they don’t have to worry about anything. No, I hate to say it – I’m an American citizen – but you know, there’s a lot of arrogance still in the United States. Especially about the dollar.”

China & Russia Continue to Box Out West

POSTED ON November 11, 2014  - POSTED IN Key Gold Headlines

This post was submitted by Erik Oswald, SchiffGold Precious Metals Specialist.


The Financial Times reported yesterday that Russia and China have signed a gas deal that would side-step Western markets. This agreement is just the latest development as the two countries continue to cement ties and diversify their holdings away from the United States. Reaching this agreement further removes the Chinese from dependence on oil purchased from OPEC and thereby puts another nail in the coffin for the petrodollar standard. Not only that, but its announcement comes just days after Mikhail Gorbachev warned that the world is nearing another Cold War.

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Swiss Gold “Yes” Vote Could Boost Gold 17%

POSTED ON November 10, 2014  - POSTED IN Guest Commentaries, Key Gold Headlines

Last week, an analyst for Bank of America predicted that gold could rise to $1,350 if Switzerland passed the “Save Our Swiss Gold” initiative at the end of November. That’s almost 17% higher than today’s gold price. The media is not just watching the price of gold in the weeks leading up to the Swiss Gold Initiative – the value of the Swiss franc in relation to the euro has also been closely eyed. Unfortunately, as you can see in this article from Bloomberg, the financial media generally makes it sound like the Swiss Gold Initiative would be terrible for the franc.

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However, the Swiss Gold Initiative is more than just a referendum on returning to sound money policies in Switzerland.

Greenspan: Gold Is the World’s Premier Currency (Audio)

POSTED ON November 10, 2014  - POSTED IN Guest Commentaries, Key Gold Headlines, Videos

A couple weeks ago, we reported on Alan Greenspan’s prediction that the price of gold would rise. He said this at the New Orleans Investment Conference. In an interview at the Council on Foreign Relations (CFR) the next week, Greenspan commented even more on gold, though the CFR did not publish his thoughts in the official transcript. Most notably, Greenspan explains what so-called “gold bugs” have been telling the skeptical financial media for years:

Gold is a currency. It is still by all evidences the premier currency, where no fiat currency, including the dollar, can match it… Intrinsic currencies, like gold and silver for example, are acceptable without a third party guarantee…”

Friday Feature: The American Dream (Video)

POSTED ON November 7, 2014  - POSTED IN Guest Commentaries, Videos

This post was submitted by Erik Oswald, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Check out Peter Schiff’s Gold News every Friday, when Erik will recommend a new entertaining and educational video – the Friday Feature.


For this week’s Friday Feature, I’d like to present “The American Dream”. This animated short takes an elementary look at how the American people have had the monetary rug pulled out from under them. The film investigates the causes of the financial crisis, the origins of money and examines those responsible for creating the Federal Reserve System. While much of the information in this film will be common knowledge to most contrarians, I believe this film is a great tool for educating younger generations about the Federal Reserve and the history of money. Enjoy!

Get Peter Schiff’s latest gold market analysis – click here for a free subscription to his exclusive monthly Gold Videocast.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

Voters Know the Economic Recovery Is Fake

POSTED ON November 7, 2014  - POSTED IN Key Gold Headlines, Original Analysis

The latest jobs numbers were released today, and the financial media is making much of the drop in the unemployment rate – now 5.8% according to the Bureau of Labor Statistics. Obviously, the economy must be getting better, just like Janet Yellen and Barack Obama have been telling us, right? Not so fast. The results from Tuesday’s elections tell a different story, as exit polls showed that the vast majority of voters were primarily concerned about the economy. Main Street Americans are waking up to the fact that this recovery is a hoax.

Even major news outlets like the LA Times are reporting on the new phenomenon of “secular stagnation,” which Peter Schiff addresses in his commentary below. ZeroHedge summarized how bogus the latest jobs numbers are, pointing out that most of the jobs gained are low-end service sector positions, while high-quality full-time work is dropping. Most alarmingly, it looks like there may soon be more waiters and bartenders in America than manufacturing workers:

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Capitalism: The Solution to Global Oppression & Poverty (Video)

POSTED ON November 6, 2014  - POSTED IN Guest Commentaries, Videos

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


In this lecture, Dr. Andrew Bernstein discusses why capitalism is the best system for men to live under, from both socio-economic and moral standpoints. Free markets are ideal for society:

  • They make available an abundance of inexpensive and effective consumer products.
  • They give the poorest among us the opportunity to rise into the middle and upper classes of society.
  • They create an environment where man’s mind is able to function to the best of its ability.

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Save Your Swiss Gold – Peter Schiff’s Message to Switzerland (Video)

POSTED ON November 6, 2014  - POSTED IN Original Analysis, Videos

In his latest video, Peter Schiff appeals directly to Swiss voters – send a message to your government and the entire world by passing the “Save Our Swiss Gold” referendum on November 30th. This historic vote would force the Swiss National Bank to:

  1. Keep 20% of its assets in physical gold bullion (currently less than 8% of its reserves).
  2. Repatriate all Swiss gold holdings to Switzerland.
  3. Not sell any more Swiss gold.

Find more information about the initiative here, here, and here. Donate to Save Our Swiss Gold here, or see donation instructions below. Full transcript below.