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POSTED ON November 21, 2014  - POSTED IN Key Gold Headlines

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

While financial commentators continue to bash gold as an asset that produces nothing and should be left to the pages of history, the real story of the gold market is found at the macro economic and fundamental level. Central banks the world over have been net buyers of physical gold since 2011. On top of this, many sovereign nations have been requesting and taking delivery of their gold holdings from the New York Federal Reserve and London, where a majority of central banks’ gold holdings are stored.

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Major news hit today on this front. The Netherlands has become the most recent Western European nation to take delivery of their physical holdings from the NY Fed. The Dutch central bank located in Amsterdam has increased its domestic holdings of physical bullion from 11% of total gold reserves to 31%. The official domestic Dutch gold horde has increased from about 67 tons to nearly 190. While this number is small in comparison to the reserves held by countries like China, Russia, and (allegedly) the US, the act of removing physical bullion from an international depository and returning it to the country of origin represents yet another vote of no confidence in the US financial system.

POSTED ON November 17, 2014  - POSTED IN Guest Commentaries, Key Gold Headlines

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 article from Smaulgld, Louis Cammarosano examines the fundamental supply and demand figures for the gold market. Demand for physical gold has been increasing year over year since 2008, despite rising prices up until 2012. Following the correction from $1900 per ounce, market demand for physical bullion really took off. While many in the West do not appreciate the monetary significance of precious metals, the East has been consuming physical gold and silver at an unprecedented rate. This is evident in the official reserves reported by central banks. On the whole, Western central banks have been decreasing their holdings of physical bullion while Eastern central banks have been all too eager to purchase the surplus.

Countries like China are all too familiar with the dangers of paper monetary systems and have a much longer view of history than most Western central banks. The United States has never experienced a hyper inflationary environment in which the dollar has dropped to its intrinsic value of zero. Because we have exported inflation to our trading partners since World War II, we have been able to stave off the destructive effects of circulating irredeemable paper notes as real money in ever increasing quantities. Meanwhile, the developing BRICS countries have been cementing various trade and financial agreements with one another over the last several years. Their appetite for physical gold and silver is but one of many steps being taken to prepare for a world without the US dollar as a reserve currency.

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

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


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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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!

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Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

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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POSTED ON October 31, 2014  - POSTED IN Key Gold Headlines, 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.

The New York Times reported a major story this week about Ms. Carol Hinders, who had her checking account seized by the IRS. Why? Because she had the audacity to deposit cash in increments below $10,000. While this is an outrage in and of itself, it is merely a symptom of a larger problem: Civil Asset Forfeiture.

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POSTED ON October 30, 2014  - POSTED IN Guest Commentaries, Key Gold Headlines

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

Sales of the US Silver Eagle are often looked to as the leading indicator of demand for silver bullion coins. It remains the most popular bullion coin among investors both domestically and internationally.

While the Eagle has been in the limelight for nearly a decade among investors, bullion coins from smaller national mints have also seen a dramatic uptick in demand. There has also been a massive increase in ETF purchases of physical silver and substantial industrial demands from the growing solar industry.

Louis Cammarosano from Smaulgld guides us through the growing demand for silver on the industrial and investment fronts.

POSTED ON October 28, 2014  - POSTED IN Key Gold Headlines

If you are in the tri-state area this Saturday, please join us at the 3 West Club in Manhattan for an afternoon of discourse on free markets, the role of government, and everybody’s favorite precious metal – gold.

Precious Metals Specialists Erik Oswald and Dickson Buchanan will be in attendance. This is your chance to meet your gold broker in person, while enjoying a fun and educational evening.

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Doctors Keith Weiner and Andrew Bernstein are the keynote speakers of the conference and will discuss a variety of topics, including:

  • The philosophical implications and morality of capitalism
  • Prognoses on the Federal Reserve’s monetary policy
  • Gold as a monetary alternative in a world flooded with fiat currency

Please register online, as tickets will be more expensive if you pay at the door.

Click here for details and to register for the event.

We look forward to seeing you there.

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Interested in learning about the best ways to buy gold and silver?
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