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Gerald Celente agrees with Peter Schiff. The United States economy is in terrible shape, and the official jobs numbers are not representative of the true health of the domestic labor market. Celente believes that gold will reach $2,000 or higher when investors realize that the equity markets are vastly overvalued.
Yesterday, Peter Schiff told CNBC’s Futures Now that Janet Yellen has it wrong – the stock market isn’t “a little overvalued”; it’s extremely overvalued. He went on to explain why he believes the US stock market is going to lose a substantial amount of its value relative to the price of gold.
Graham Ledger spoke with Peter Schiff last week about all the official excuses for the poor first quarter GDP. Ledger compared this winter to the epically poor winter of 1984, when the GDP still managed to rise by more than 4%. On top of that, he compared the so-called Obama “recovery” to the Reagan recovery […]
Kitco News interviewed Andre Leyland of Thomson Reuters GFMS about the latest silver demand trends. While demand in 2014 was down very slightly from 2013, Leyland emphasized that 2013 was a record year for silver demand around the world. Looking forward, he expects demand to grow, and with it the price. In fact, Thomson Reuters […]
Chris Waltzek of GoldSeek Radio interviewed Peter Schiff last week. They discussed the future of the US dollar and the price of gold. What’s really holding gold back is not just the strong dollar, but the idea that the Fed is going to be raising interest rates. It’s the fear of higher rates that is […]
Marc Faber told CNBC what he turns to in an unpredictable world of central bank money printing: precious metals. We know that Faber buys and owns physical gold. When it comes to stocks, he also recommends focusing on gold mining companies.
Following the Federal Reserve’s monthly meeting, the financial media has been making the rounds to get everyone’s opinion of the economy. Jim Grant agrees with Peter Schiff: it looks like radical monetary policy “is pretty much here to stay.” As usual, Grant shares his contrarian views with CNBC in his dry, witty, and disarmingly honest […]
The Federal Reserve has a two-day meeting this week. CNBC World asked Peter Schiff what he expects the results of the meeting will be. Peter argued that the Fed will continue to bluff about raising interest rates. He believes a fourth round of quantitative easing is more likely in the next year.
In the second part of his interview with the Daily Bell, Peter Schiff discusses the economic dilemmas of Greece and the eurozone. He warns that the United States faces the same moral hazard of massive public debts that will be impossible to repay. Peter believes the Federal Reserve and American government will resort to currency […]
News broke this week that China may soon announce a major increase in its gold reserves in order to convince the IMF that the yuan should be included in the Special Drawing Right basket of currencies. Jim Rickards, an expert on geoeconomics, believes the yuan’s inclusion in the SDR is inevitable and will go into […]
