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Original Analysis

POSTED ON July 17, 2013  - POSTED IN Interviews, Original Analysis

In an exclusive interview with Jimmy Mengel of Outsider Club, Peter Schiff talks about the inevitability of another major recession thanks to the Fed’s unending stimulus. Enjoy.

I think [the Fed will] step on the gas and roll [QE] up to 125 billion or 150 billion. Because it’s like drugs and a tolerance. The economy is so addicted to QE, that the more you maintain it, the more the economy needs to stay high. As the bubble gets bigger, the more air you need to sustain it.

So I don’t think $85 billion is enough. They’re going to have to take it to $125, $150, $200 billion, $250 billion… They’re going to have to do it bigger and bigger. The minute they stop, it’s going to implode.

The more easing we do now, the bigger the government gets, as the national debt gets bigger and bigger. The Fed has to monetize more debt.”

Read the Full Interview

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POSTED ON July 3, 2013  - POSTED IN Original Analysis

By Peter Schiff

Gold’s second quarter price plunge is now the largest on record, dropping 23% in the last three months to finish a little over $1,200. Wall Street is gloating that a new metals bear market is upon us. A Duke professor even forecast gold returning to its “fair value” of $800 or lower. Naturally, he was quick to point out that he wasn’t offering investment advice, only academic speculation.

For those of us who examine commodity fundamentals, the overwhelming conclusion is that the yellow metal simply cannot stay at these low prices for much longer. Gold is nearing a point at which miners are forced to scale back their operations, thereby pinching supply. Not only is diminished production likely to halt gold’s downward trajectory, but an imminent supply crunch could also propel gold back to new highs. The likelihood of a strong rebound is supported by both a struggling mining industry and gold’s performance during the last great bull market of the 1970s.

POSTED ON July 3, 2013  - POSTED IN Original Analysis

By Jeff Clark from Casey Research

The historical record shows that those who get washed out during big corrections miss the greatest buying opportunities of a bull market.

With that as context, what can we expect from gold moving forward? Let’s start with the short-term…

Full market capitulation is underway. Headlines about gold are almost universally negative today and all about selling. This feeds on itself, and the process may not be over. In this kind of environment, prices will overshoot to the downside. In other words, the bottom may not be in.

What if we get more short-term pain?

POSTED ON June 25, 2013  - POSTED IN Original Analysis, Videos

In his latest video blog, Peter Schiff tears apart Ben Bernanke’s latest public statements about the state of the economy and the Fed’s ability to taper or end its stimulus.

When the gold market wakes up to the fact that there is no tightening, there’s just endless easing, that we just have one big bubble – then I think we’ll have a mass scramble on the part of everyone who sold their gold to buy it back. Where they’re going to get it, I don’t know. Who’s going to be sellers at these levels once that moment happens…I don’t know. So I would expect to see a very, very rapid rise in the price of gold.”

Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold
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POSTED ON June 5, 2013  - POSTED IN Original Analysis

By Chris Marcus

Almost every time there is a Fed meeting, minute release, or congressional testimony by Ben Bernanke, the mainstream media starts speculating again about an end to the quantitative easing programs. Often the coverage will cite a Fed governor or excerpt from the Fed minutes that indicates that there is at least some thought to ending the programs, but the Fed’s actions speak for themselves. Almost five years have passed since the Fed began expanding its balance sheet and it is becoming apparent that even if the Fed actually did plan to unwind its purchases, it really no longer has the means to do so. If the Fed doesn’t buy the bonds, who will?

POSTED ON June 4, 2013  - POSTED IN Original Analysis

By Peter Schiff

That’s all, folks. One look at the headlines will tell you the gold bull market is officially over: the stock market is booming, a modest recovery of the US economy is underway, and the dollar is dominating the forex. Time to sell your bullion and get back into US stocks!

Does anyone really believe this story at this point? Haven’t we been through this time and again since 2008? Remember “green shoots”?

The sad truth is that American investors, accustomed to a world of rising stock and housing prices for several generations, are experiencing short-term memory loss. It’s as if their longing for the “good old days” has made them subconsciously suppress any unpleasant memories.

POSTED ON June 4, 2013  - POSTED IN Original Analysis

By Jeff Clark from Casey Research

Platinum is a precious metal, as is palladium, though to a lesser degree. However, like silver, both are also industrial metals. Unlike silver, it’s their industrial use that is the primary price driver for both platinum and palladium – and that use is undergoing a fundamental shift.

The largest source of demand for platinum and palladium is the automotive industry, for use in autocatalysts. In turn, the fortunes of the auto industry are sensitive to the health of the world’s major economies. We’ve been bearish on platinum-group metals for years, primarily because we weren’t convinced a healthy – much less roaring – world economy could be sustained when so many governments continue spending beyond their means.

POSTED ON June 3, 2013  - POSTED IN Original Analysis, Videos

In his latest video blog, Peter Schiff picks apart the data the media keeps touting as proof of a recovery. He analyzes the Federal Reserve Advisory Committee’s latest meeting minutes in which they admit quantitative easing has been a failure, confirming all the claims Peter has made for years about the real effects of QE. Peter also talks a bit about a possible bottom in the gold price after a drop in the spot price on Friday corresponded with the biggest weekly gain for gold stocks since January 2012.

[The Fed’s Advisory Council is] admitting that the Fed’s monetary policy has not been effective. It hasn’t produced legitimate economic growth. All it’s done is inflate asset bubbles that have made us feel good, that have made us borrow too much money and spend too much money. The Fed has completely distorted the market, and that when the QE stops it’s going to be a complete disaster. That’s basically what they say. The party’s going to end and it ain’t going to be fun.”

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!

POSTED ON May 19, 2013  - POSTED IN Original Analysis

By Mike Finger

June marks the beginning of summer – a season of beach vacations, garden bounties, and general disinterest in the market. It is well-known that precious metals and other commodities typically face malaise at this time of year as speculators unwind their trades and potential buyers spend their spare cash instead on hotel rooms and recreation.

But in recent years, June has come to mark a time of great rejoicing for those of us most passionate about a sound money economy. Last Sunday, many of us returned from what can only be described as the largest face-to-face alternative currency economy in the world. The Porcupine Freedom Festival just celebrated its tenth year, dubbed “PorcFest X,” with record attendance and alt-currency activity.

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