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Even with Congress giving final approval to a bill that will allow Puerto Rico to restructure its debt, the US territory will default on a $13 billion general-obligation debt on July 1. A $1.9 billion payment in principle and interest is due Friday. Puerto Rico will renege on the payment to bondholders despite a constitutional […]
If you’ve been waiting to buy gold and silver the wait is over. In his most recent Gold Videocast, Peter Schiff looks at how the price of silver has just surged to a high it hasn’t seen since January of last year. In the aftermath of Brexit, Peter takes this as a good sign that […]
Marc Faber, publisher of the Gloom, Boom & Doom Report, had some simple advice for a post-Brexit world – own some gold. So, what caused UK voters to abandon the EU in the first place? There are many theories as to what drove the leave vote, but Faber said it really comes down to one […]
Mainstream media pundits and government officials continue to talk about a growing US economy, but signs in America’s heartland point in the opposite direction. Peter Schiff has made the case that the stagnating economy is driving this strange election cycle, and helps explain the rise to prominence of Donald Trump and Bernie Sanders. But the […]
All of the talk over the last few days has focused on Brexit. But Peter Schiff says people are ignoring some bigger issues. On Monday, he appeared on Fox News Business and continued pounding this theme, calling Brexit a “day of reckoning,” and reiterating a point he made on CNBC’s Trading Nation – that the […]
My how things change. This time last month, it was a foregone conclusion that the Federal Reserve was going to raise rates in June. Then the government released a shockingly bad jobs report and suddenly that rate hike was taken off the table. Even so, many pundits believed July would finally bring the much anticipated […]
In a report released in the wake of the Brexit vote, the World Gold Council predicted “strong and sustained inflows into the gold market.” In the immediate aftermath of the referendum, gold surged, reaching as high as $1,358.54 per ounce before falling back later in the day Friday. It was the highest level for gold […]
The mainstream media and global markets have responded to the Brexit vote as if it is the end of the world. Well, is it? Or is it an opportunity? Peter Schiff appeared on CNBC’s Trading Nation Monday and said the Brexit hysteria in the markets and the mainstream media is unwarranted, and it actually presents […]
The price of gold soared in the wake of the Brexit vote, going as high as $1,350 on Friday before settling back slightly. As of the Monday morning after the vote, the yellow metal was up more than 5% from its close Thursday before returns started coming in. The spike in gold after the shock […]
According to Peter Schiff, the Brexit vote is just what the doctor ordered for Janet Yellen. Stocks plunged and gold surged in the wake of Brexit. As of Monday morning, gold was up more than 5%. Most analysts think gold went up because of the UK’s decision to leave the European Uniion, but Peter said […]
