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POSTED ON December 5, 2013  - POSTED IN Videos

Last week, Grant Williams gave a presentation on the long-term effects of quantitative easing on the health of the global, and particularly Western, economy. Peter Schiff has been warning about the same problem for years and offers the same advice as Williams: avoid the US dollar, stock market, and bond market and prepare for the biggest crash in living history.

When you look beyond the horizon, quantitative easing is and will continue to be, the single biggest influence on every investment decisions you’re going to be making. Possibly for the next several years… The US economy is simply not strong enough to survive without massive stimulus… Just about every government in the Western world is essentially bankrupt.”

The video below is just a portion of his speech. Click here to watch the full 1/2 hour presentation.

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POSTED ON December 4, 2013  - POSTED IN Videos

Peter Schiff appeared on Fox Business before Thanksgiving last week to share his opinion on the record highs in the stock market and how the US economy is going to eventually unravel.

The vast majority of Americans who don’t own stocks and can’t afford to buy houses – all they’ve got is higher food costs, higher electrical bills, and they can’t get a decent job… When the Fed is ultimately forced to raise interest rates, we’ll have a big drop in the stock market, a big drop in the real estate market. We’ll be back in a severe recession. It’s going to be tough.”

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POSTED ON December 4, 2013  - POSTED IN Original Analysis

By Peter Schiff

Having replaced savings with debt on both the national and individual levels, I think it’s well past time for Westerners to take a few lessons from our creditors in the East. Many Americans consider gold a “barbarous relic,” but in Asia, the yellow metal remains the bedrock of individual savings plans. This means that either greater than half of the world’s population are barbarians, or they’ve held onto an important tradition that our culture has forgotten.

POSTED ON December 4, 2013  - POSTED IN Guest Commentaries

By Jeff Clark from Casey Research

After a 12-year run, it looks like gold’s wave has truly crested, and many bears are arguing that it’s all downhill from here. A quick glance at a long-term gold price chart certainly seems to confirm this impression:

POSTED ON December 3, 2013  - POSTED IN Videos

Yesterday, CNBC’s Closing Bell asked Peter Schiff what his expectations are for 2014 and what investors should be buying. Peter argued that the American economy is not deleveraging and urged investors to avoid the conventional wisdom of Wall Street that continues to ignore the looming dollar crisis.

It’s been a lousy year for gold because so many investors incorrectly perceive a recovery that doesn’t exist. They think that we’re deleveraging. We’re piling on more leverage than ever before! I think investors have to ignore what everybody is buying [if they don’t] understand the fundamentals, and look to what everyone is overlooking.”

[youtube http://www.youtube.com/watch?v=d-vptvDsf6s?rel=0&w=640&h=360]

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POSTED ON December 1, 2013  - POSTED IN Lampoon the System

13 12 She Wouldn't Know a Bubble...
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 November 30, 2013  - POSTED IN Key Gold Headlines

Dubai Plans Spot Gold Contract for 2014
Wall Street Journal – The Dubai Gold & Commodities Exchange (DGCX) is planning to launch the first Middle East spot gold contract in 2014. The new platform will simplify the process for trading smaller quantities of physical gold and, according to Chief Executive Gary Anderson, will “eliminate that need for offshore credit and collateral.” Regional refineries are expanding their output to prepare for the additional business the new spot contract will create. About a quarter of all globally traded physical gold already passes through Dubai, and it is estimated that at least 10 metric tons of gold are available for trade at any time in the UAE’s traditional marketplaces. The new contract is seen as part of a larger trend of moving the gold trade from West to East.
Read Full Article>>

European Central Banks Gold Sales at Record Low
Bloomberg – European central banks’ annual gold sales were the lowest on record since they agreed to limit total sales in 1999. Only 5.1 metric tons of gold were sold in the year through September 26, according to the World Gold Council. WGC spokesman James Murray said, “Central banks have lost their appetite for selling gold.” The world’s central banks purchased the most gold in 2012 of any year since 1964, and the WGC estimates they will buy about 350 tons this year. Global central banks own about 18% of all the gold ever mined.
Read Full Article>>

China Heading for Record Gold Consumption
Wall Street Journal – The World Gold Council estimated that 2013 Chinese gold imports will surpass 1,000 tons, a new record. In the first eight months of the year, China imported more than twice as much gold as the same period in 2012, according to the Hong Kong Census and Statistics Department. While most of this demand comes from consumers taking advantage of gold’s April price drop, analysts suspect the Chinese government might also be using the purchasing opportunity to increase its reserves. The People’s Bank of China last reported its official gold reserves in 2009, claiming to hold 1,054 tons.
Read Full Article>>

China Calls for “De-Americanized World”
LA Times – When the federal government shutdown sparked fears of a US debt default, China’s state-run news agency suggested it is time to “start considering building a de-Americanized world.” A US default would hurt dollar-denominated investments, which are the predominant collateral used around the world. With more than 60% of reserves in dollars, global central banks are also vulnerable to any fluctuations in the dollar. Due to this dependence, global finance ministers meeting with the IMF and World Bank shared China’s worries that a US default could trigger another worldwide recession. China is the largest foreign owner of US debt and has been advocating replacing the dollar as the world’s reserve currency since 2009.
Read Full Article>>

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POSTED ON November 21, 2013  - POSTED IN Original Analysis, Videos

Peter Schiff compares the cryptocurrency Bitcoin vs. the precious metal Gold. Which one is the better investment?

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Summary: In his latest video, Peter Schiff shares his thoughts on the bitcoin mania that is sweeping the world. After rising from less than $20 to more than $600 in one year, many investors are wondering if bitcoin might be worth the risk. Early adopters pitch bitcoin as “gold 2.0” – a digital currency that cannot be manipulated like fiat money. Bitcoins are even “mined,” similar to physical gold and silver. However, Peter explains why bitcoins still fail as a substitute for gold and strongly urges investors to avoid this risky new currency. Bitcoin could very well have already hit its top, but Peter is confident gold is still well below its future record highs.

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POSTED ON November 19, 2013  - POSTED IN Guest Commentaries, Videos

Earlier this month, Paul Craig Roberts was interviewed by Greg Hunter of USAWatchdog about the perils faced by the US dollar as the world’s reserve currency. Roberts is a former Assistant Treasury Secretary and believes it is likely that there will be a major dollar crisis sooner than later. Roberts talks about the strong global demand for physical gold that continues even while international demand for US dollars shrinks. Like Peter Schiff, Roberts believes that the Fed has no safe way to end its monetary stimulus without triggering a major crisis and explains his position in depth in this extended interview.

In the last few months, both China and Japan have sold off some Treasuries, some $40 billion between them. This is not a huge sum, but it does show that they’re ceasing to accumulate them. And there’s also been reports that China is accumulating very large quantities of gold. So this does show that the dollar may have a limited life as the supreme currency.”

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POSTED ON November 18, 2013  - POSTED IN Videos

CNN’s The Lead spoke with Peter Schiff today to get his thoughts on the new highs in the stock market. While stocks might be performing better than government bonds or cash, Peter explains that they will plummet as soon as the Fed can no longer print money. If you want to avoid the crash, consider safe hard assets like physical gold and silver.

The rise in the stock market is not because of a good economy, but because of bad monetary policy. What’s driving the rally is the Fed pouring all this cheap money into the market. But if they ever do the right thing and turn those spigots off, the market is going to come crashing back down… The people who should be the most worried are people with cash in the bank, the people who own government bonds.”

Watch the Interview Here

Screen Shot 2013-11-18 at 5.27.45 PM

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