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Unlike re-printable fiat currency, gold is money because there is a finite amount of it. The Fed can’t produce more gold whenever it wants. For this reason, gold has functioned as a barter and wealth preservation system for thousands of years. But how much gold is left in the earth? What will happen to the […]
Despite the better than expected non-farm payroll reported, many are skeptical of the 255,000 “created” jobs the Bureau of Labor Statistics (BLS) reported last Friday. In a CNBC interview, Dennis Gartman, Founder, Editor and Publisher of The Gartman Letter, expressed some doubt on how well these reports gauge the health of a growing US economy. […]
Lately, there’s so much gold stockpiled by governments and investors, someone should pitch a new reality TV show called Gold Hoarders. But rather than poor agoraphobics maddeningly piling up old newspapers and canned food, the show would feature smart individuals like Bill Gross who have the foresight to see the writing on the wall. The […]
Your weekly dose of the Fed’s latest antics. Bank of England Slashes Rates, Gold Surges Forward It’s important to remember that it’s not just the US Federal Reserve that launches the price of gold upwards with every misguided decision. As we predicted on Wednesday, the Bank of England dropped their interest rate to record lows […]
At Freedom Fest last month, Peter Schiff appeared on AMTV discussing how the Fed’s monetary policy has created an impending economic crisis to rival the 2008 housing crisis. “The problems were created by the Fed,” he states. “They were created by monetary policy being too loose. Rates were too low when they were at 1%. […]
This article was submitted by Fabian Gambino, senior precious metals specialist and director of technology. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff. The Bureau of Economic Analysis (BEA) released its estimate for the second quarter of 2016. After a weak showing in the first quarter, many pundits […]
On Thursday, the Bank of England will meet to decide on an interest rate cut. It’s widely expected by economic officials that the UK’s central bank will cut rates 25 basis points, from .50% to .25%. What will this mean for a country already reeling from the economic crunch post Brexit? A rate decrease will […]
Toronto-Dominion Bank’s chief investment officer, Bruce Cooper, is changing the firm’s outlook to conserve capital by moving funds heavily into gold. According to Bloomberg, TD Bank oversees more than $230 billion in assets, and has “shifted to a ‘maximum overweight’ in gold for its portfolios.” Cooper oversees TD Asset Management, the investment arm of Canada’s […]
The former Fed Chairman Alan Greenspan appeared on Bloomberg last week to discuss the state of the US economy. He noted some economic indicators like bond yield spreads, rising entitlement costs, and stagflation, which are sending the US economy over the tipping point. What worries Greenspan the most is an environment of uncertainty that’s taken […]
In case you missed it, here’s what the Fed’s been up to this week. Gold Prices Spike after Fed Announcement It was a big week for being fed up with central banking. The Fed’s July meeting and the FOMC’s statement were on Wednesday. As expected, the plans for a rate increase were put on hold, and […]
