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POSTED ON September 20, 2013  - POSTED IN Guest Commentaries

In a commentary released today on Of Two Minds, Charles Hugh Smith explains how the Fed has painted itself into a corner with its endless quantitative easing. Smith argues that it can’t be long before the markets become completely desensitized to the money printing and the whole bubble economy goes kablooey. How do you protect yourself from the fallout of a super nova asset bubble of this size? Avoid dollar denominated investments and look to hard assets like physical gold and silver.

“The trouble with inflating asset bubbles is that you have to keep inflating them or they pop. Unfortunately for the bubble-blowing central banks, asset bubbles are a double-bind: you cannot inflate assets forever. At some unpredictable point, the risk and moral hazard that are part and parcel of all asset bubbles trigger an avalanche of selling that pops the bubble.

This is another facet of The Fed’s Double-Bind: if you stop pumping asset bubbles, they pop as participants realize the music has stopped, and if you keep pumping them, they expand to super-nova criticality and implode.

There are several dynamics at play in this double-bind.”

Read the Full Commentary Here

supernoa asset bubble

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POSTED ON September 19, 2013  - POSTED IN Guest Commentaries

After yesterday’s announcement of the Fed’s decision to not taper QE, CNBC published a commentary about how the news is affecting the views of stock traders and market analysts. Many are waking up to the fact that the economy is a long way off from true recovery and believe that gold may have kicked its bearish streak.

But traders believe that the fundamental picture has changed. In fact, Wednesday’s Fed decision changed Anthony Grisanti from a gold bear to a gold bull, but not for the reasons Boockvar outlined.

‘It’s not so much the fact the the Fed is continuing QE,’ said Grisanti, who is the founder of GRZ Energy and a CNBC contributor. ‘It’s the message that’s being sent, which is that the underlying economy is so bad that we can’t taper $10 billion. That means that you want to own gold to protect yourself—and that’s why I’m changing my opinion on gold.'”

Read Full Article Here

bernanke&gold

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POSTED ON September 16, 2013  - POSTED IN Guest Commentaries, Interviews

Last week, Vanessa Collette of GoldSeek.com interviewed global market strategist Dan Popescu at the Toronto Resource Investment Conference hosted by Cambridge House International. Popescu spoke about the role gold plays in the currency war that is pitting Asia and emerging markets against developed Western nations. Given the uncertainty of the US dollar’s stability, he thinks gold could easily surge beyond $2,000 before the end of the year, if an unpredictable “black swan” event should occur.

Gold is a hard currency, one that most of the central banks are buying now. Even the major developed counties, which used to sell it – now they are not selling it anymore, but they might start also buying it. And China has its own strategy, which is to use gold to give credibility to their currency.”

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POSTED ON September 13, 2013  - POSTED IN Guest Commentaries, Key Gold Headlines

The Silver Institute’s August Silver News was released this week and is full of updates on the ever evolving world of industrial and technological silver applications. Silver might hold the key to letting our smart phone batteries last a whole week, while silver’s antimicrobial properties are garnering attention from large universities. Silver News also explains the differences between the various types of silver that are created around the world.

POSTED ON September 11, 2013  - POSTED IN Guest Commentaries

In a post on The Tell, MarketWatch contributor Saumya Vaishampayan summarized Peter Schiff’s analysis of the upcoming replacement of Ben Bernanke as chair of the Federal Reserve. If you agree with Peter that the Fed can’t prevent the coming economic crisis, then he recommends avoiding dollar-denominated debt and investing in hard assets like physical gold and silver.

It doesn’t matter who takes over as the next chair of the Federal Reserve because the central bank isn’t going to slow its monthly asset purchases.

POSTED ON September 10, 2013  - POSTED IN Interviews

In an exclusive interview with IndexUniverse.com, Peter Schiff talked about the inevitable crisis that will result from the Fed’s quantitative easing and the eventual collapse of the dollar. Peter explained how important physical gold is as a safe haven asset in times of uncertainty, and why he doesn’t expect the Fed to taper the stimulus anytime soon.

PeterSchiffHeadShot

IndexUniverse.com: Do you view the debt ceiling as a potential new crisis, and how do you see it playing out?

Schiff: I don’t see the debt ceiling as the crisis, that’s part of the solution. The crisis is the debt, and the crisis is that we’re going to raise the debt ceiling. We’re going to keep raising the ceiling so we’re going to keep piling more debt on top of the debt that we have.

And, eventually, the crisis comes not because we don’t raise the debt ceiling, but because lenders don’t raise the lending ceiling because they recognize that we’re broke. They won’t want to throw good money after bad, they don’t want to keep lending money to a country that can’t pay back what has already been loaned to it.

POSTED ON September 9, 2013  - POSTED IN Original Analysis, Videos

In his video blog post from Friday, Peter Schiff dissects the latest jobs report numbers and explains how the misleading data proves that the Fed’s quantitative easing isn’t working. Whether they blame Syria or disappointing economic data, Peter expects the Fed to make excuses to continue its stimulus. He spells out why physical gold will perform well no matter what happens.

The gold market has sold off on anticipation of a taper. But even if the Fed does taper, I think we get a rally… Okay, so the Fed tapered, so what? It’s still got cheap money, it’s still going to keep on coming. Buy gold. So I think gold rallies on a taper, but I think it can have an even bigger rally on a non-taper, as people realize that the taper they baked into this gold cake isn’t going to happen. Instead, we’re getting even more QE. Either way, gold rallies.”

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POSTED ON September 6, 2013  - POSTED IN Interviews

Peter Schiff was interviewed on Gold Seek Radio yesterday. Chris Waltzek spoke with him about how the conflict with Syria might affect gold prices and the great potential silver has as the economic “recovery” fails to develop. They ended with a conversation about the importance of a gold standard and the possibility of a massive short squeeze in the gold and silver futures market.

I don’t think it even matters if the Fed tapers or not. I think the price of gold goes up either way. If we do get a taper, I think it’s already factored in and it’s ‘buy the rumor, sell the fact.’ If we don’t get the taper, then we get an even bigger rally. And my bet is that the Fed is going to be looking for an excuse not to taper, but ultimately to increase the amount of QE. Maybe if we start a war in Syria, that might be cover for the Fed to hold off.”

Listen to the Full Interview Here

goldseek radio

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POSTED ON September 3, 2013  - POSTED IN Original Analysis

By Peter Schiff

Summer is traditionally a slow season for precious metals, but this summer started with a rout. In the last week of June, gold and silver hit 2-year lows of $1,192 and $18.61 respectively.

Fortunately, after staggering along the lows, the precious metals are off to the races once more – with gold rallying 20% and silver 32%. This remarkable performance continues even in the face of the Fed’s sustained tapering threats.

The exhaustion of short-sellers paired with insatiable global physical demand has positioned gold for an exciting conclusion to a volatile year.

POSTED ON September 3, 2013  - POSTED IN Guest Commentaries

By Jeff Clark from Casey Research

Despite some positive data, the global economy is showing signs of slowing, a remarkable development in itself when you consider all the money printing and deficit spending that’s transpired over the past few years. According to the IMF’s overview, global growth was less than expected in the first quarter of 2013, at just over 3%, which is roughly the same as 2012. The lower-than-expected figures were driven by significantly weaker domestic demand and slower growth in emerging-market economies, a deeper recession in the euro area, and a slower US expansion than anticipated. The report concludes that the prospects for the world economy remain subdued.

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