Peter's Blog

The Fed’s Tightening Pipe Dream

By Peter Schiff Testifying before the US Senate this past Tuesday, Fed Chairman Ben Bernanke made an extraordinary claim about its bloated balance sheet: “We could exit without ever selling by letting it run off.” What Bernanke means here is that the Fed could simply hold its Treasuries and agency bonds until they mature, at […]

Schiff in the News: Currency War Means Buy Gold

Both CNBC and MarketWatch ran articles this week about Peter Schiff’s outlook of where the American economy is headed. CNBC wrote about the international currency war, and Peter’s belief that America will ultimately win, therefore destroying consumer purchasing power and bolstering gold.

“Money Is Gold, and Nothing Else”

By Dickson Buchanan The Setting: The Bank and Currency Committee, Washington, DC, 1912. In the Panic of 1907, the stock market fell over 50% in one day and caused massive bank runs. Bailouts had done little to restore confidence. Five years later, all this still lingered palpably in the minds of the crowd packed into […]

The Bernanke Shock

By Peter Schiff The financial world was shocked this month by a demand from Germany’s Bundesbank to repatriate a large portion of its gold reserves held abroad. By 2020, Germany wants 50% of its total gold reserves back in Frankfurt – including 300 tons from the Federal Reserve. The Bundesbank’s announcement comes just three months […]

Schiff Defends Gold Investing on CBS

On Friday, CBS MoneyWatch published Peter Schiff’s rebuttal to prominent gold skeptic Larry Swedroe, who had challenged Peter’s precious metals forecasting. Peter writes: In an article entitled “Ignore the ‘buy gold now’ crowd” on CBS MoneyWatch this Monday, columnist and equities analyst Larry Swedroe criticizes forecasters who remain bullish on gold despite its monumental decade-long […]

Buy Gold Without Getting Scammed

By Peter Schiff Everyone knows the investor’s mantra: “buy low, sell high.” Rather than fretting about lower gold prices over the past month, investors should be seizing this golden opportunity to safely store some wealth in precious metals before gold and silver start ratcheting higher again. I’m not the only one anticipating $2,000 and higher […]

Treasury’s Last Pillar Crumbles

By Peter Schiff With the return of Shinzo Abe and his Liberal Democratic Party to power in Japan, the market for US Treasuries may be losing its last external pillar of support. Re-elected on September 26th, Abe has quickly set a course for limitless inflation, saying Japan must “free itself from deflation and the strong […]

Renewed Interest in Gold as a Financial Asset

By Valentin Petkantchin You may be among those investors who had the opportunity, but did not seize it, to buy gold cheap in the early 2000s. You may also be willing, but hesitant, to do so at current prices, while still desiring the “anti-crash insurance” it represents. However, you should be aware that the yellow […]

Ditching before the Fiscal Cliff

By Peter Schiff Turn on the TV and this is what you’ll hear: The US budget is heading for a fiscal cliff. If a deal isn’t reaching in Congress by the end of this year, a combination of automatic tax hikes and budget cuts will sink America into economic depression. There is no escape. Of […]

Eurozone Civil War: It’s North vs. South

By J. Luis Martin Although the eurozone crisis did not make it into the US presidential debate on foreign policy in October, Treasury Secretary Timothy Geithner did remark earlier in the month: “We are very worried about the risk of collapse in Europe.” Indeed, he should be, for a collapse of the euro would not […]