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Guest Commentaries

POSTED ON November 5, 2019  - POSTED IN Guest Commentaries

The stock market keeps hitting new highs and employment reports continue to look good. President Trump and central bankers at the Fed like to point to this and tell us that the economy is doing good. But as Peter Schiff explained in his latest podcast, the markets aren’t making highs because the economy is good. It’s making highs because of the Federal Reserve’s easy-money policies.

Despite the fact that the economic data is deteriorating. Despite the fact that corporate earnings are falling, it is the Fed that is pushing this market to new highs by cutting interest rates, by indicating to the markets that they don’t have to worry about rate hikes no matter what happens with inflation. The Fed’s not going to raise interest rates. Oh, and by the way, they’re doing quantitative easing, and they’re going to print as much money as they have to keep the markets going up and to keep the economy propped up.”

In a recent article published at the Mises Wire, Ryan McMaken adds another layer of analysis. He says that despite the Fed’s positive rhetoric, it’s actually worried about liquidity and growth. In fact, McMaken believes it is operating from a position of fear.

POSTED ON October 30, 2019  - POSTED IN Guest Commentaries

President Trump recently took aim at the Federal Reserve once again, accusing the central bank of “holding back” America’s economy. The president was responding to a FOX Business Varney & Co. segment about negative interest rates in Europe and Japan.

Trump said the Fed should follow the lead of European and Japanese central banks into the world of negative rates.

POSTED ON October 29, 2019  - POSTED IN Guest Commentaries

According to Elizabeth Warren, we have a problem. And like every good central planner, she believes she can fix it.

In fact, Warren has made, “I have a plan for that,” a campaign slogan.

These people never learn. They try to micromanage the economy, create all kinds of unseen consequences, blame “capitalism,” and repeat the process.

POSTED ON October 22, 2019  - POSTED IN Guest Commentaries

Last week, Keynesian extraordinaire Paul Krugman called for more fiscal stimulus in the form of a “government investment program.” Mike Maharrey poked fun of him in his Fun on Friday column. But while it might be amusing to crack jokes at the expense of Keynsians and their obsession with both fiscal and monetary stimulus, the policies they promote are actually quite pernicious.

In fact, the do the exact opposite of what they’re supposed to.

POSTED ON October 8, 2019  - POSTED IN Guest Commentaries

The following article was written by South Carolina state Rep. Stewart Jones. The views expressed do not necessarily reflect those of Peter Schiff or SchiffGold.

The Federal Reserve just lowered interest rates for the second time this year and announced more quantitative easing by injecting even more US dollars into the market. The days of cheap money will soon come to an end, and I fear that many people won’t realize what’s happening until the rug is pulled out from under them.

POSTED ON September 24, 2019  - POSTED IN Guest Commentaries

By Alex Lemaire

People have been searching for gold for centuries. Usually, it takes considerable effort to find gold, but one Australian family found a nugget literally just lying on the ground.

When you think of a gold nugget, you probably imagine a chunk of the yellow metal that you can hold in the palm of your hand, but you would probably strain to even pick up some of the largest nuggets ever unearthed.

Here are the top five largest nuggets still in existence. There are others that were significantly larger, but they have been melted down.

POSTED ON September 16, 2019  - POSTED IN Guest Commentaries

We’ve written extensively about a push toward de-dollarization by countries like Russia and China and their desire to undermine the ability of the US to weaponize the dollar as a foreign policy tool. The global gold rush on the part of central banks is part of this movement.

And it’s not just countries like Russia and China. As fund manager Ronald-Peter Stöferle wrote in an article for the Mises Wire, Europe as also joined the de-dollarization party.

POSTED ON July 23, 2019  - POSTED IN Guest Commentaries

Christine Lagarde will take over the reins of the European Central Bank in November. The financial markets seem to love the pick. We should take that as a warning sign.

We focus most of our attention on the Federal Reserve. But other central banks around the world also contribute to global financial instability. For instance, the European Central Bank has injected trillions of euros into the EU economy with more than a decade of quantitative easing and interest rates below zero. And like Federal Reserve policy, all of this monetary stimulus has blown up giant asset bubbles.

POSTED ON July 22, 2019  - POSTED IN Guest Commentaries

Venezuela’s economy is in chaos. It’s gotten so bad that a year ago, video game money was worth seven times more than the Venezuelan bolivar. Meanwhile, the Venezuelan people have suffered horrible food shortages. Many people in Venezuela have turned to barter just to survive.

Not so long ago, left-leaning publications in the US were touting Venezuela as a socialist success story. Today, any attempt to point to Venezuela as socialist disaster will be met with the refrain, “That’s not real socialism!”

Apologists for socialism also blame the collapse of the Venezuelan economy on US sanctions. But as Jon Aldekoa explained in an article published on the Mises Wire and UFM Market Trends, actual data reveals it was indeed real socialism that wrecked Venezuela.

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