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Right after the last Federal Reserve Open Market Committee meeting, Peter Schiff said the “Powell Pause” won’t be enough to save the stock market and head off a recession. He said ultimately, the central bank would have to cut interest rates and launch another round of quantitative easing. Well, it seems the mainstream is starting […]
Politicians promise lots of stuff. Delivering on those promises – that’s a different matter. But when it comes to pledging to do this or that, politicians are masters. Now, most of the time they keep things pretty vague. After all, you don’t want to commit to anything quantifiable. If you did that, voters could actually […]
Peter Schiff has said it’s not that we have a “volatile” economy right now. We have a bubble economy, and we are at the beginning of a much bigger crisis than we went through in 2008. Peter continued with this theme on a recent appearance on Kitco News with Daniela Cambone noting that things are setting […]
Paul Krugman said gold is dead. In fact, “Bitcoin has more utility than gold,” according to the popular lefty economist. Krugman made the comments at ChainXChange, a blockchain artificial intelligence and innovation conference in Las Vegas.
This article was written by Joel Bauman, SchiffGold Senior Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. The article focuses on the gold market through the lens of technical analysis. Technical analysis is a subjective form of study based on historical price patterns. The […]
This article was written by Joel Bauman, SchiffGold Senior Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. The current debt-based fiat monetary system creates an illusion of wealth expansion. For example look at this 100-year price chart of the Dow Jones Industrial […]
When the Fed launched its aggressive monetary policy in the wake of the 2008 financial crisis, many free-market economists predicted it would result in massive price inflation. That never materialized. As a result, Keynesian economists like Paul Krugman love to finger-point and mock those who criticize easy money policies designed to “stimulate aggregate demand.” They […]
Recently, Jamie Diamond of Citibank made headlines by labeling Bitcoin a fraud. Whether those comments played any part in Bitcoin’s recent sell off is hard to say, but the true believers reacted with predictable outrage given that the comments came from the ultimate Wall Street insider whose financial supremacy is supposedly threatened by crypto currencies […]
Earlier this month, US Treasury Secretary Steven Mnuchin threatened China, saying the US would “put additional sanctions on them and prevent them from accessing the US and international dollar system” if they don’t go along with the most recent round of sanctions slapped on North Korea. We argued that the threat may be meaningful, but it also might […]
Economic bubbles are an important concept for any investor to grasp because they result in drastic price corrections of a commodity, security, bond, etc. Recent examples include the Dot-Com bubble of the 1990’s or the Housing Bubble of 2008, which kicked off the Great Recession. But what are economic bubbles and why do they form […]
