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Understanding America’s New Depression

POSTED ON December 12, 2014  - POSTED IN Guest Commentaries

Jim Rickards believes the United States is in a depression and has been for years. Rickards explains that economists ignore this reality, because there is no precise mathematical definition of a depression. This allows them to point to statistics like the growing GDP and improving jobs numbers as proof of an economic recovery.

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However, Rickards points out that no American investor today has actually lived through a depression, so their conception of it is completely off-base.

The Rise of China Will Be a Rude Awakening for Americans (Video)

POSTED ON December 11, 2014  - POSTED IN Interviews, Original Analysis, Videos

Ben Swann and Peter Schiff discussed the news of China surpassing the United States as the world’s largest economy. Peter explained why it’s only a matter of time before China and many other countries jettison the dollar as the world’s reserve currency. When that day comes, the US is in for a rude awakening.

Peter hopes that crisis will inspire Americans to re-embrace their free market roots and return to a sound currency backed by gold.

Dollar Collapse Is Inevitable, So Buy Gold (Video)

POSTED ON December 11, 2014  - POSTED IN Guest Commentaries, Interviews, Videos

Last month, Kitco News interviewed renowned New York Times Bestselling author Robert Ringer. They began by discussing the current political direction of America, but moved on to the collapse of the dollar. While Ringer will not put a timeline on the collapse of America’s currency, he is certain that it will fall apart.

What will that collapse look like? Again, Ringer wouldn’t say, but he does have just one piece of advice for everyone: buy gold. Buy physical gold. In fact, he is even more aggressive in his recommended allocation than our Chairman Peter Schiff. Ringer believes 50% of the average investor’s portfolio should be in gold!

Industrial Silver Demand to Increase 27% by 2018

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

The Silver Institute forecasts that demand for industrial silver will increase by 142 million ounces by 2018 – a 27% rise from 2013 levels. The majority of this growth will come from the electronics sector, where silver is used as one of the most reliable and efficient electrical conductors on earth.

However, every major application of industrial silver will experience considerable growth by 2018. These include batteries, ethylene oxide (EO), photovoltaic power, automative, brazing and alloys, bearings, printed silver inks, medical, and water purification. Here’s a break-down of silver demand by geographical region:

14-12-11-silver-by-country

Data Driven or Driven Data

POSTED ON December 10, 2014  - POSTED IN Original Analysis

In his latest commentary with Euro Pacific Capital, Peter Schiff digs into all the poor economic data that the mainstream news completely ignores. He just brushes the surface, but there are far more than the few he mentioned in his podcast on the topic last week. Peter reminds us that there is more to an economy than GDP and jobs.


There can be little doubt that data releases rather than experience or intuition are driving the economic conversation. This is perhaps a function of the disconnection that many people feel about an economy that they no longer understand. Rather than trusting their own eyes or their own gut to form an opinion, it’s much easier to grab a set of convenient numbers. The big question then becomes what numbers you choose to look at and which you choose to ignore.

US Mint Silver Sales Break Annual Record

POSTED ON December 10, 2014  - POSTED IN Key Gold Headlines

The United States Mint has officially sold a record amount of silver two years in a row. As of Monday, US Mint sales of American Silver Eagles for 2014 reached 42,864,000, surpassing the total annual sales of 42,675,000 in 2013. The US Mint temporarily sold out of Silver Eagles earlier this year and had to begin offering them on an allocated basis.

As you can see in this chart from Smaulgld, US Mint silver sales really took off seven years ago and have remained robust. We have every reason to believe that this record demand will continue in the coming years.

14 12 10 sales-of-American-Silver-Eagles-2014-record

7 Questions for Gold Bears

POSTED ON December 10, 2014  - POSTED IN Guest Commentaries

In his latest commentary from Casey Research, Jeff Clark poses some serious questions to gold bears. Mainstream economists insist that the gold price is going to continue to fall, but as Clark points out, demand for physical precious metals remains robust. And it’s not just gold bugs that are buying – everyone from central banks to mainstream investors are taking advantage of the low prices in precious metals.

Clark’s questions for bears boil down to one central question: “Do you know of any bear market in any asset that’s seen this kind of demand?”

bear gold

The Expanding Uses of Gold

POSTED ON December 9, 2014  - POSTED IN Key Gold Headlines, Original Analysis

Last week, Peter Schiff defended the intrinsic value of gold by briefly explaining how many uses it has beyond bullion investment. Many people have no idea how integral gold is to products they rely upon every day, not to mention exciting technologies of the future.

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People who argue that gold is becoming less useful in the modern world simply don’t understand the basic fact that the applications of gold are expanding every year, not shrinking. Either that, or they expect the human race to abruptly curtail its exploration of space, stop making high-end electronics, and find a more stable element for use in medicine. On top of that, gold detractors must assume that the age-old association of gold with prestige, success, and wealth is going to suddenly vanish from the earth.

So what makes gold so valuable outside of its monetary value?

Not All Jobs Are Created Equal (Video)

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

In his latest video blog post, Peter Schiff dissects the latest jobs numbers. While the media paints a rosy picture of the economy with the employment numbers, Peter takes a look at the economic data that everyone seems to ignore.

The Fed Is Stuck in a Box (Video)

POSTED ON December 8, 2014  - POSTED IN Interviews, Videos

Peter Schiff appeared on Fox Business last Friday alongside some other analysts. While the panel agreed with Peter that the Federal Reserve needs to raise interest rates, they don’t think that Janet Yellen actually will. However, they disagreed with Peter’s long-term investment strategy for gold, and preferred to ignore the possibility of a bubble in the equities markets to make a short-term profit on stocks.