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POSTED ON January 17, 2014  - POSTED IN Original Analysis

Peter Schiff’s latest commentary for Euro Pacific Capital addresses the pernicious mainstream belief that inflation is good for the economy, while deflation is bad. If the government, supported by mainstream media’s propaganda, remains dedicated to inflationary strategies, there’s one surefire way to protect your wealth: physical gold.

POSTED ON January 14, 2014  - POSTED IN Guest Commentaries

Bron Suchecki, the Depository Administrator of the Perth Mint in Australia, has posted some interesting and alarming insights into the looming supply restraints on gold coins. If popular demand picks back up in the coming year, it could easily force mints to ration their supplies and send premiums surging.

POSTED ON January 13, 2014  - POSTED IN Original Analysis, Videos

Peter Schiff begins hist latest video blog with a review of December’s dismal jobs numbers and the latest data that reveal how poor the supposed US economic recovery really is. He then explains why Janet Yellen will soon be facing a bigger crisis than Ben Bernanke had to deal with when he first took charge of the Fed in 2006.

The monetary policies pursued by Bernanke were far more reckless than the ones pursued by Greenspan. And therefore, the bubble is much bigger. And therefore, the damage to the economy when it pops will be much bigger… We’re going to have another crisis early in the Yellen term that will be bigger than the crisis that we had early in the Bernanke term. Wall Street and government are equally as prepared – they will be equally blindsided.”

[youtube http://www.youtube.com/watch?v=myyRksPJe8I&w=640&h=360]

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POSTED ON January 9, 2014  - POSTED IN Guest Commentaries, Videos

John Williams of Shadowstats.com appeared on USAWatchdog.com earlier this week to give his financial outlook for the US economy in 2014, and it wasn’t bright.

We have all sorts of things coming together that will give us a confluence of economic, political, and financial crises. You’ll see early on a crisis in the dollar, which will start to trigger the inflation… and as inflation picks up, that is going to savage the economy, which is already in a depression – it never recovered.”

[youtube http://www.youtube.com/watch?v=dQt-FFDM_5k&w=640&h=360]

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POSTED ON January 3, 2014  - POSTED IN Guest Commentaries, Interviews, Videos

Jim Rickards is on a roll this week, with another interview on Bloomberg TV in which he tells some skeptical hosts that the Fed’s policies are a disaster and that the stock market is a bubble. He also stuck by his commitment to long-term gold, insisting that he’s bullish on it because of his fundamental analysis that the US dollar is going to collapse.

Gold correlates to one thing: the dollar… When gold goes up, what it really means is the dollar is down. So for gold to go to $7,000 – which I expect – what that means is that the dollar will lose 80% of its value, which it did in the 1970s… A gold rally is really a dollar collapse, and we should expect a dollar collapse.”

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POSTED ON January 2, 2014  - POSTED IN Original Analysis

By Peter Schiff

There are two types of gold investors: those trying to make money on short-term market timing and those looking for long-term asset preservation. It was the fear-driven trading of the former that helped gold break $1900 in 2011, and for good reason – stormy markets steer investors to safe havens.

But gold’s fortune has shifted in the past two years, and finishing 2013 down 28% seems to have sealed its fate – at least in the eyes of the short-term speculators. In reality, the same forces that are stabilizing stocks and suppressing gold are also the fundamental reasons long-term investors have been buying gold since the turn of the new millennium. The so-called recovery we’re now experiencing is just a lull in a storm that hasn’t yet abated.

POSTED ON January 2, 2014  - POSTED IN Guest Commentaries

By Laurynas Vegys from Casey Research

It’s been one of the worst years for gold in a generation. A flood of outflows from gold ETFs, endless tax increases on gold imports in India, and the mirage (albeit a convincing one in the eyes of many) of a supposedly improving economy in the US have all contributed to the constant hammering gold has taken in 2013.

Perhaps worse has been the onslaught of negative press our favorite metal has suffered. It has felt overwhelming at times and has pushed even some die-hard goldbugs to question their beliefs (which is not a bad thing, by the way).

POSTED ON January 1, 2014  - POSTED IN Lampoon the System

14 01 The Fed Takes the Cake
Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics.
Click here for more cartoons and information on his anthology book, available for only $15.

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POSTED ON December 31, 2013  - POSTED IN Videos

Based upon his recent visit to European gold refiners, Jim Rickards explains the alarming trend of physical gold being gobbled up by China in preparation for the day when the US dollar finally collapses. This short Bloomberg interview with Rickards, author of Currency Wars, is well worth watching.

The physical demand is through the roof… [Swiss refineries] are working triple shifts to produce gold. For the first time ever…[they’re] having difficulties sourcing gold… The floating supply is disappearing. This gold is coming out of GLD… It’s going straight to China, it’s being put underground. It will never see the light of day for 300 years… China is redefining the global gold market.”

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POSTED ON December 31, 2013  - POSTED IN Key Gold Headlines

US Mint Silver Coin Sales Hit Yearly Record
Bloomberg – By the second week of November, the US Mint’s American Eagle silver coin sales had reached 40.2 million ounces for 2013, a new annual record. The previous record was ~39.9 million ounces for all of 2011. Strong retail sales are attributed to lower silver prices since April and uncertainty created by the government shutdown in October. The mint will sell its last batch of 2013 coins on December 9th, which metals dealers suspect will push retail premiums higher.
Read Full Article>>

China Officially Surpasses India as Top Gold Consumer
CNNMoney – China has passed India as the world’s largest gold consumer, according to the latest World Gold Council data. China has bought 798 metric tons of the metal this year, while India bought 715. China’s total purchases are expected to surpass 1,000 metric tons by year-end. Strong Chinese demand is attributed to a growing middle class with greater disposable income. Also, Chinese stocks and property have under-performed relative to gold this year, driving greater demand for the metal. Indian demand was down 32% YoY in the third quarter due to government restrictions, while Chinese demand rose 18% YoY in the same period.
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European Refiners Recast Gold for Asian Demand
Bloomberg – The World Gold Council reported that larger bars of European gold are being refined into the smaller sizes preferred by Asian consumers. This is part of a trend, the Council has noted, of gold moving from West to East. European gold demand fell 11% in the year ending in September, while Asian and Middle Eastern demand climbed 30% in the same period. A 2,000-ton storage vault opened this month in Shanghai to accommodate growing Asian demand.
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Perth Mint Considers Expanding to Meet Demand
Wall Street Journal – The Perth Mint, one of the world’s largest producers of gold coins, is considering expanding its refining capacity to meet ongoing robust demand. Even operating its factory 24/7 on weekdays and throughout the weekend, it still sold out of 1-ounce silver and gold Australian Lunar coins in just one month. Sales and marketing director Ron Currie attributes the strong demand to consumers believing the gold price has bottomed. Germany is the mint’s largest buyer, though Chinese demand is increasing – with the mint now the largest foreign importer of gold into the PRC. The mint currently refines 10 million ounces of gold per year. The timeline and size of expansion remains unknown. 
Read Full Article>>

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