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POSTED ON March 17, 2016  - POSTED IN Interviews, Videos

Peter Schiff locked horns with National Alliance Securities Global strategist Andy Brenner on Fox Business yesterday.

Brenner said he believed the Fed would raise interest rates at least twice this year, citing strong employment numbers as a sign the economy is doing OK.

But Peter countered, saying the US economy is already in a recession, and the Fed will have to cut rates back to zero. Peter obliterated the notion the jobs market is healthy, and pointed out that Trump and Sanders phenomenon proves the American people aren’t buying the government spin. They are not confident in the economy:

These are lousy jobs. These are low-paying jobs. These are Trump voters. These are Sanders voters. That’s why they’re there – because they have a part-time job and it’s lousy, and the pay is lousy. Eighty percent of these jobs are service-sector jobs, many of them are minimum wage jobs. You can’t raise a family on these jobs. Many kids can’t even move out of their parents’ houses because they can’t get a job.”

POSTED ON March 16, 2016  - POSTED IN Key Gold Headlines

Shaky economic news, negative interest rates, and stock market turmoil have helped drive the recent gold rally, but an even more fundamental principle underlies the yellow metal’s surge – simple supply and demand.

As a recent CNBC report put it:

Consumers are lapping up gold at a time supply is declining, helping underpin a rally in the precious metal.”

Gold_bullion_2

While China’s central bank continues to buy gold, adding another 0.6% to its holdings in February, the Chinese people are also pulling money out of stocks and investing it in gold, according to Padraig Seif, chief executive of Hong Kong-based trading firm, Finemetal Asia.

POSTED ON March 15, 2016  - POSTED IN Key Gold Headlines

Over the last several weeks, we’ve been building the case that negative interest rates are good for gold, and mainstream analysts have echoed our thoughts.

japan gold

Last week, Britain’s largest bank, HSBC, issued a statement saying the longer the world’s central banks continue to experiment with negative interest rates, the better the outlook for gold. James Steel, HSBC’s chief precious-metals analyst, cited a Bank of International Settlements report to bolster his case:

How does this play out for gold? Positively we think. The imposition of negative rates is a sign of distress, which is gold-bullish. Furthermore, the uncertainty surrounding the long run impact of negative rates as outlined in the BIS report is also supportive of gold. The BIS report seems to say that negative rates have brought uncertainty, especially as regards their impact on financial intermediaries, but have not delivered hoped for gains for households and businesses. This is to gold’s benefit.”

POSTED ON March 14, 2016  - POSTED IN Original Analysis

company-dickson-buchananThis article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

For international customers who want to invest in physical gold and silver, taking delivery of metals can be an irksome situation.

The cost of shipping isn’t the problem. Shipping and insuring gold internationally is actually quite affordable, and SchiffGold offers low international shipping rates to over 60 different countries.

However, the real problems occur at the border of the receiving country. Despite international customs regulations which allow .9999 pure gold to remain free from value added taxes or duties, many customs officials will charge a fee to have the metals released. Sometimes this fee is as large as 20% of the total value of the package. This is particularly a problem in Central and South America where corruption at the border is rampant.

POSTED ON March 14, 2016  - POSTED IN Key Gold Headlines

The Silver Institute has released its latest issue of Silver News. This edition spotlights a growing silver market deficit that is expected to widen further in 2016 due to increased demand and shrinking supply.

The silver market deficit (total supply less total demand) is expected to widen in 2016, drawing down on above-ground stocks. The larger deficit is expected to be driven by a contraction in supply.”

silver etching

In what would represent the first reduction in global silver mine production since 2002, mining output is projected to fall by as much as 5% year-on-year in 2016. Scrap supply is also expected to weaken further in 2016. It has been on the decline for the last several years.

POSTED ON March 11, 2016  - POSTED IN Original Analysis

company-addison-qualeThis article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

Many people have been talking recently about the “war on cash.” With policymakers seriously talking about eliminating cash, it can be worrisome. But there is a way to avoid the consequences of the “war on cash. You just need to pick the right strategy.

With the endless lowering of interest rates and the possibility that they could turn negative, there is more incentive than ever for people to pull their dollar savings from banks and just hold on to the paper cash at home. After all, why risk your dollars in a bank that yields zero return or even charges you to hold your money? As a result, people are buying up safes, pulling their dollars out of the bank, and storing them at home.

safe

They are kind of missing the point though. As this article points out, if interest rates are making you want to hold your money outside the banking system, why not just get REAL money and hold it outside of the banking system? Why not just buy physical gold and silver coins and bars? If you are going to buy a safe, THAT’S what you should be storing in it.

POSTED ON March 11, 2016  - POSTED IN Interviews

Veteran trader Dennis Gartman appeared on CNBC Futures Now yesterday and he made it clear right up front that he is not a “gold bug.”

I’m not a gold bug. I don’t like the gold bugs. I’m not a believer that the world is coming to an end.”

After that disclaimer Gartman, the anti-gold bug said, “Buy gold!

Gartman said as long as central banks continue expansionary monetary policy, the upward trend in gold will continue. And there is every indication that negative interest rates and quantitative easing will continue indefinitely. The stimulus the European Central Bank announced this week will last well into the future. As Bloomberg put it, “The ECB’s new measures have just entrenched policies designed for crisis times into the next decade.”

POSTED ON March 10, 2016  - POSTED IN Guest Commentaries

casey-researchThis article was written by Justin Spittler and originally published by Casey Research. Any views expressed do not necessarily reflect the views of Peter Schiff or SchiffGold.

Have you heard of “negative interest rates?”

It’s become a phenomenon with economists and the media. There’s a good chance you’ve read an article about it.  But I’m writing to tell you something about negative interest rates you haven’t heard. You certainly won’t hear about it in the mainstream press.

hillary

What’s coming at you is a historic event. It’s something our grandchildren will hear stories about…much like the Great Depression or the Cold War.

What’s coming could send the price of gold much higher in the coming years. If you know what’s coming, it could mean the difference between having lots of free cash in retirement or barely getting by. To understand the gravity of this moment, let’s cover one of the most bizarre ideas in the world…

POSTED ON March 10, 2016  - POSTED IN Key Gold Headlines

While there’s been a lot of attention focused on gold over the last few months, silver has remained in the shadows. The white metal has lagged a bit behind as the gold market turned bullish over the last few months. But there are some good reasons to take a close look at silver.

silver bars

According to Bloomberg, silver has advanced 10% since the first of the year while gold surged 18%. But dynamics look good for silver to close that gap:

Silver hasn’t been so cheap relative to gold for more than seven years and with mine supplies forecast to contract this year that may be a sign it’s ready to come out of the yellow metal’s shadow.”

POSTED ON March 9, 2016  - POSTED IN Original Analysis

company-addison-qualeThis article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.

With apologies to Freddy Mercury and Queen, it looks like another one has just bit the dust.

You can now add the Japanese central bank to the list of banks that have ventured deep into negative interest rate territory with the sale of a negative rate bond.

japanese bond

The Swiss are already languishing in that territory with negative rates out on their 20 year bond – if you can believe it. Steve Barrow, a G10 strategist at Standard Bank tells us that there will be others soon enough. He contends that, “Germany will get there as well, and yields will continue falling, going negative where they aren’t negative.”

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