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This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Bloomberg recently published an article about how world political leaders don’t have too much to say about the current sell off in equities – the worst […]
Stories about plummeting stock markets, a sputtering Chinese economy, and the yuan versus the dollar have dominated financial news over the past few weeks. Lost in the din: the economic disaster continuing to unfold in Venezuela. Venezuelans face crippling shortages of basic staples as their currency, the bolivar, continues to inflate at breakneck speed. Hyperinflation […]
In an attempt to stem stock market losses and stimulate a sagging economy, the Chinese central bank slashed its interest rate on Tuesday. As Bloomberg reported, it was the fifth Chinese interest rate cut since last November. The one-year lending rate will drop by 25 basis points to 4.6 percent effective Wednesday, the Beijing-based People’s […]
Former Federal Reserve Chairman Alan Greenspan appeared on Fox Business this week with two strong messages for investors: 1. The United States economy is “extraordinarily sluggish,” and part of this problem is the massive amount of government entitlements. He pointed out that entitlements have grown nearly 10% a year for the past 50 years, no […]
This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Most people who buy physical gold and silver these days tend to be those who are worried about our financial system. They see unbacked, untrustworthy fiat […]
The other week, we wrote about the growing barter economy in Greece. With cash withdrawal limits still in place, Greek citizens are finding it difficult to conduct daily business using traditional methods. Now, the Wall Street Journal reports on the flourishing of a variety of alternative currencies, particularly one named TEM: TEM—a sophisticated form of […]
This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. So the People’s Bank of China (PBOC) just weakened the yuan fix to the United States dollar by the most on record – 1.9%. A central […]
Mainstream pundits regularly scoff at Peter Schiff when he insists that real inflation is higher than the official Consumer Price Index (CPI), but an AP report this week vindicates his position. During a recent interview on MSNBC, Schiff insisted that money printing by the Federal Reserve has already created a lot of inflation. He also […]
“Let’s say you want to start a business. Just start it in Puerto Rico. Why would you start it anywhere else?” This is what Peter Schiff told CNN Money in an article published yesterday. Peter and John Paulson are two of many successful investors CNN mentions as moving their businesses – and eventually themselves – […]
This article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. With gold’s recent volatility and price drop, we’ve heard a lot of noise from pundits and analysts. Consequently, this seems like a great time to ask […]
