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POSTED ON December 8, 2015  - POSTED IN Interviews, Videos

Peter Schiff got right to the point with Alex Jones last week: Obama is just trying to finish out his term without any major disasters. At this point, Peter thinks the Federal Reserve just might raise interest rates a hair this month, but then immediately lower them again when it becomes clear the economy is in a recession in 2016. Meanwhile, he believes the inclusion of the Chinese yuan in the IMF’s basket of reserve currencies signifies the end of an era for America on the global economic stage. Peter thinks buying gold and silver is a great way to profit from the coming crises, and he explained why he thinks silver may be an even better investment than gold.

POSTED ON December 8, 2015  - POSTED IN Key Gold Headlines

While analysts and investors debate the latest jobs report, or obsess over the most recent Federal Reserve announcement, it’s easy to overlook the basic fundamentals of the gold market. With that in mind, consider this recent news: one of the world’s top gold producers says market dynamics may well lead to shrinking gold supplies in the future.

gold mine

Randgold Resources Ltd. CEO Mark Bristow told Bloomberg that half the gold mined today is not viable at current prices. In other words, many mines aren’t even hitting their break-even point on half of the gold they dig out of the ground. That means new supplies of gold could begin to dry up in the near future.

POSTED ON December 7, 2015  - POSTED IN Key Gold Headlines

Asian countries are not only buying up gold, they also have a huge appetite for silver.

silver

Chinese imports of the white metal are on a record-breaking pace this year, driven partly by strong demand for jewelry and industrial applications such as solar panels.

According to the Wall Street Journal, based on the current trend, Chinese silver imports will top 3,000 tons in 2016, making it the best year since 2011:

POSTED ON December 7, 2015  - POSTED IN Key Gold Headlines

China continued adding to its gold reserves and accelerated its pace in November.

china bank

According to Bloomberg, the Chinese upped their stash of of gold an estimated 21 tons last month, the largest increase in at least five months.

The value of gold assets was $59.52 billion at the end of last month from $63.26 billion at end-October, according to data on the People’s Bank of China website released Monday. That works out to 56.05 million troy ounces or about 1,743 tons, based on the London Bullion Market Association afternoon price auction on Nov. 30, Bloomberg calculations show. The stash was 55.38 million ounces a month earlier.”

POSTED ON December 3, 2015  - 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.

To hike or not to hike – that question continues to swirl around the Federal Reserve. But it obscures an even more significant question: what difference does it really make to the gold investor?

As I explained last week, the Fed finds itself in a damned-if-it-does, damned-if-it-doesn’t scenario. Regardless of whatever economic news spins out of Washington D.C. in the next few weeks, the central bank has plenty of reasons not to raise rates. As we’ve argued for months, the economy simply can’t sustain a rate-hike of any significant amount over the long-haul. But if the Fed balks at a rate hike yet again, its credibility takes another shot on the chin.

So, it might try to nudge rates up this month. Or, it may well put it off again. But what does this mean for gold? Does it really matter in the long run?

Not really. There are more important fundamentals to consider.

POSTED ON December 2, 2015  - POSTED IN Guest Commentaries, Interviews, Videos

Dr. Ron Paul interviewed Chris Rossini, regular contributor to LewRockwell.com and author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Together, they debunked some common American myths, including the real source of inflation, US foreign policy against radical Islam, and the importance of real savings and capital in an economic system.

Going back and forth with Paul Krugman, I argue the case that his definition of inflation is different than mine. He says inflation is when the CPI goes up, which is a government statistic which they can alter at will… Austrian economics teaches that inflation really is the increase in the supply of money and credit, especially when it is artificial and comes from the Federal Reserve.”

POSTED ON December 1, 2015  - POSTED IN Key Gold Headlines

After months of speculation, the Chinese yuan is now officially part of the International Monetary Fund’s benchmark currency basket, elevating it to reserve currency status.

A bundle of Chinese one hundred Yuan banknotes.

Chinese monetary policy has focused on gaining entry into this elite club for the last year or so. With its membership safely secure, it raises an interesting question.

What’s next?

The IMF announced the yuan’s inclusion in the Special Drawing Rights (SDR) basket Monday. The New York Times called it a “milestone decision,” underscoring the significance of the move in terms China’s growing power on the world economic stage:

POSTED ON November 30, 2015  - 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.

To hike or not to hike? That is the question.

Indeed, that has been the question for what seems like an eternity. But the question of whether or not the Federal Reserve is going to raise interest rates in December misses the point. The truth is, the Federal Reserve is damned if it does and damned if it doesn’t.

The “rate hike hype” began nearly three years ago. We’ve experienced almost 36 months of wishy washy, back and forth, pseudo-scientific attempts to decipher increasingly vague and non-conclusive Fed minutes as to when, how much, and what kind of rate hike we can expect.

You don’t have to be a professional economist to recognize the Fed policy as a stall tactic. Peter Schiff has called them out on this point time and again, showing that if they really wanted to raise rates, they would have done so by now.

POSTED ON November 30, 2015  - POSTED IN Gold Scams Exposed, Key Gold Headlines

You probably think of eBay as a good place to snag a deal on electronic gadgets, musical instruments, or sporting goods. But increasingly people are logging onto the auction site to buy gold and silver.

ebay

 

EBay officials told CNBC the company is touting its global user base of 150 million people to reach non-traditional buyers. With so many people entering the market for precious metals, buyers should beware. The strong demand creates a breeding ground for scammers. In fact, eBay is apparently using the demand for gold and silver bullion to peddle collectibles.

POSTED ON November 27, 2015  - POSTED IN Key Gold Headlines, Videos

Black Friday has become an infamous holiday of American consumerism. We seem equally amused and disgusted by the inevitable news of crowds waiting through freezing nights only to trample each other on the way to a discount toaster. Many people watch a video of Black Friday fights like the one below and shake their heads at the blatant materialism. We ask ourselves, “Where has the good, old-fashioned holiday spirit gone?”

Perhaps we should be asking a different question. These fights seem almost like an ominous foreshadowing of just how desperate people could become when faced with a real economic crisis. When Peter Schiff points to goods shortages, hyperinflation, and drastic bank emergencies in countries like Greece, Cyprus, or Argentina, most people shrug it off. “That could never happen here. America is different.” But if suburban house moms are willing to get into hair-pulling fistfights over electronics discounts, what do you think they’d be willing to do when their life savings disappears overnight thanks to inflation or a banking crisis?

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