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.
‘We’re broke. We owe trillions. Look at our budget deficit, look at the debt to GDP (ratio), the unfunded liabilities,’ Schiff said. ‘If we were in the euro zone they would kick us out.'”
Meanwhile, MarketWatch examined Peter’s ongoing prediction that gold will hit $5,000 in light of endless quantitative easing and currency devaluation.
But Schiff takes the long view. In fact, he says gold could go beyond $5,000, depending on how much longer money printing goes on. ‘A lot of people will get caught by surprise. People who buy and have the patience to hold on will be rewarded,’ he said.”
Read the full articles for yourself:
US to Win Currency War, Then ‘Implode’: Schiff
Gold at $5,000 and Beyond: Peter Schiff Sticks to His Call
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Related Posts
Made in America: The Dark Forces Promoting American Manufacturing
Whenever an election year rolls around, domestic manufacturing becomes a more central theme of discussion. Candidates from both sides, who seem to disagree on almost everything else, never waver in their commitment to auto manufacturers in Detroit and the steel industry. Republicans and Democrats never forget to remind the American public that they will try […]If 10-Year Yields Surpass 5%, Say Hello to QE (and Massive Inflation)
The wizards at the Fed and US Treasury have been forced to acknowledge that their “transitory,” inflation is, in fact, quite “sticky.” And with the inflation elephant now acknowledged by the circus of high finance, Treasury yields keep inching up, recently reaching 4.7% — the highest since November. The Fed is stuck: It needs to raise interest rates to tame inflation and […]California’s New Minimum Wage: A Cure that Exacerbates the Sickness
The solution to a problem shouldn’t make the problem worse. But apparently, California’s policy makers missed that memo. On April 1st, the state instituted a $20 minimum wage for fast food workers, the highest in the US. With California’s absurdly high cost of living, the policy appeared to make life more manageable for low-income residents. Unfortunately, as the adage goes, “If it sounds too […]$5 Wrench Attack: Bitcoin vs Gold in a Real Collapse
The monetary battle of the 20th century was gold vs. fiat. But the monetary battle of the 21st century will be gold vs. bitcoin. With Wall Street jumping into the game with bitcoin ETFs, a bitcoin halving recently splitting the block reward for miners in half, and both gold and bitcoin hovering near their all-time highs, it’s a great time for […]How Nvidia Uses Gold
What is Nvidia? If you’re a committed gamer the question may sound like nonsense. Nvidia, which was founded in 1993, is a tech company that makes GPUs and other products. It originally specialized in making products for the video game industry, that assisted in 3D rendering. If you were a committed gamer, you probably owned their products. If you weren’t, you might not have heard of them.
Leave a Reply