Peter Schiff spoke to CNBC Europe yesterday about the true state of the United States economy and why the Federal Reserve will likely never raise interest rates.
Peter Schiff covers a wide range of topics in his latest interview with Chris Waltzek on GoldSeek Radio. Of course, they look closely at the precious metals markets and how they’re being influenced by the Federal Reserve’s monetary manipulation. However, they also discuss the price of oil, Russia’s ruble problems, and the future of the United States housing market.
Kitco asked Peter Schiff how he would invest $100,000 in 2015. He recommends buying gold, mining stocks, and international equities. Peter urges prudent investors to avoid the United States stock market and the US dollar.
I don’t think money should be in dollars, I don’t think it should be in treasuries… I think a lot of inflation is coming and I think the dollar is going to lose a lot of value … [Y]ou need to look at international equities and you need to look at precious metals.”
Here is a fascinating interview with Ned Naylor-Leyland, a precious metals expert with Quilter Cheviot Investment Management. Naylor-Leyland explains the coming divergence between the physical and paper gold markets and how mainstream media doesn’t grasp just how large the daily gold market is.
He also discusses the ongoing Eastern demand for physical gold, especially in China. Did you know China has twice as many retail bullion shops than the United States has Starbuck, Subway, and McDonald’s locations combined?
Jim Rickards agrees with Peter Schiff. The stock market is in a bubble thanks to the monetary manipulation of the Federal Reserve. Like Peter, he doesn’t think the Fed will raise interest rates in 2015. Instead, Yellen will be forced to start quantitative easing again by the beginning of 2016. This, he argues, will be the beginning of the end of the existing world monetary system. Watch Rickards explain his reasoning to Bloomberg below.
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CNBC’s Futures Now interviewed Peter Schiff yesterday to hear what he expects from the Federal Reserve’s announcement this afternoon. They also spoke at length about gold, which Peter points out hasn’t gone down at all in 2014 contrary to many expert forecasts. In fact, when priced in other global currencies and stock markets, gold has risen significantly.
Ben Swann and Peter Schiff discussed the news of China surpassing the United States as the world’s largest economy. Peter explained why it’s only a matter of time before China and many other countries jettison the dollar as the world’s reserve currency. When that day comes, the US is in for a rude awakening.
Peter hopes that crisis will inspire Americans to re-embrace their free market roots and return to a sound currency backed by gold.
Last month, Kitco News interviewed renowned New York Times Bestselling author Robert Ringer. They began by discussing the current political direction of America, but moved on to the collapse of the dollar. While Ringer will not put a timeline on the collapse of America’s currency, he is certain that it will fall apart.
What will that collapse look like? Again, Ringer wouldn’t say, but he does have just one piece of advice for everyone: buy gold. Buy physical gold. In fact, he is even more aggressive in his recommended allocation than our Chairman Peter Schiff. Ringer believes 50% of the average investor’s portfolio should be in gold!
Peter Schiff appeared on Fox Business last Friday alongside some other analysts. While the panel agreed with Peter that the Federal Reserve needs to raise interest rates, they don’t think that Janet Yellen actually will. However, they disagreed with Peter’s long-term investment strategy for gold, and preferred to ignore the possibility of a bubble in the equities markets to make a short-term profit on stocks.
Peter Schiff was on RT’s Boom Bust to talk about the latest jobs figures, the price of oil, the Swiss gold initiative, and the many uses of physical gold.
