Peter Schiff recently appeared on Ivan on Tech for a wide-ranging interview. Ivan and Peter talked cryptocurrency, gold, government debt, fiat currency, the dollar and more.
Ivan is one of the foremost experts on cryptocurrency. He is an international speaker, blockchain educator, software developer and data scientist.
Ivan and Peter don’t see eye-to-eye on everything, but they did manage to find some common ground. If you are interested in cryptocurrencies and gold, you will find their friendly debate both entertaining and informative.
Peter Schiff recently attended the Vancouver Resource Investment Conference. While he was there, he did an interview with Daniela Cambone of Kitco News.
Peter and Cambone talked gold, and Peter said he thinks the yellow metal is set to soar, despite the sentiment that Federal Reserve Rate hikes will hold gold down.
Gold has not really rallied. It’s been going up, right? But it’s been creeping higher. Now, everybody expected it to fall. Everybody believed that as soon as the Fed hiked rates, gold’s gonna tank. And it didn’t tank. It rallied.”
Peter Schiff recently appeared on InfoWars with Alex Jones and took on the notion that Pres. Trump is in the process of fixing the economy. In fact, Peter pushed back hard against Alex, saying we are on the verge of a crash and Trump is going to get the blame.
I agree with you. The economy is going to blow up. But it’s going to blow up like a bomb. It’s not a good thing. It’s a bad thing. Unfortunately, that’s what Trump has inherited from Obama. But it’s not even really just Obama. It’s the Federal Reserve. It’s the monetary policy that has been passed like a baton from Clinton, to Bush, to Obama, and now to Trump.
Peter predicted the collapse will happen under Trump’s watch. Peter has said in the past that Trump is not helping himself by taking credit for the soaring stock market. And when things go south, he’s going to get the blame.
He owns the stock market bubble. He and the Republicans own the economy now thanks to the tax cuts. They’re not going to make any difference, but they are going to give the Democrats a reason to blame it all on Trump and the Republicans.”
Harry Dent is a long-time gold bear. He used to say gold would fall to $250. He’s revised that prediction up a bit, but still calls for a steep decline in the price of the yellow metal – perhaps to as low as $700.
Peter Schiff took on this notion during a recent interview on RT’s Boom Bust and explained why he thinks Harry is wrong.
The bottom line is Dent has too much faith in the US dollar.
Last week, Ron Paul appeared on CNBC’s Futures Now and said he wouldn’t be surprise if the stock market crashes and the price of gold soars in the near future.
If our markets are down 25% and gold is up 50%, it wouldn’t be a total shock to me.”
The former congressman and presidential candidate said uncertainty is the rule of the day and that’s giving the market the jitters.
Economist and investor Ronald-Peter Stöferle is bullish on gold. So much so that he’s authored a 160-page report titled “In Gold We Trust.”
Stöferle recently appeared on Palisade Radio to talk about the current state of the economy. He said he thinks recession fears coming up within the next couple of months will be the big trigger and the big catalyst for gold.
I think that this complacency we’re seeing in markets, this will probably lead to a major crisis, and this will probably make 2008 look like a kindergarten party. In this environment, it just makes sense to hold portfolio insurance in the name of gold.”
Billionaire investor Paul Singer says the financial system is no more sound than it was in 2008. In fact, he contends that in many cases, it is more leveraged than it was leading up to the 2008 crash.
During an interview at the Bloomberg Invest New York summit, he pinned the blame squarely on what he calls extreme central bank monetary policy and growth suppressing government actions. And he warned it’s going to create a “ruckus” when the bubble pops.
In a recent interview with Dave Hunter of USA watchdog, former Reagan budget director David Stockman warned a fiscal bloodbath is in America’s future.
Get out of the stock market. Get out of the bond market and buy some gold.”
Stockman called the stock market “unstable” and “rigged,” and characterized the bond market as a giant bubble. He said when the government hits the debt ceiling later this year, it’s going to create chaos.
There will be panic in the financial markets, I’ll say that, because this is not priced in, in any sense of the word. The market isn’t expecting it. And I think it will cause some very difficult times. I just see no way around it”
Marc Faber appeared on CNBC Futures Now recently to talk about the impending pop of the stock market bubble. “Dr. Doom” has predicted a 20% to 40% stock market selloff in the near future.The show’s host, along will Scott Nations, pressed Faber on the surging stock market. “If someone piled into stocks in 2012, 2013, 2014 or 2015 they’ve done pretty well. Why were you so wrong then, and why should we think you’re so right now?” Nations asked.