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POSTED ON June 18, 2015  - POSTED IN Key Gold Headlines

It’s official: China now plays a small role in directly setting the price of gold in Western markets. For the first time ever, a Chinese bank has joined the twice-daily gold price fixing process run by the London Bullion Market Association (LBMA).

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As we reported back in February, this news was anticipated. The LBMA has replaced the old London Gold Fix with a new, electronic mechanism in an effort to increase transparency in the gold markets.

POSTED ON June 18, 2015  - POSTED IN Guest Commentaries, Interviews, Videos

Danielle DiMartino was a former advisor to Richard Fisher, the president of the Dallas Federal Reserve. On CNBC this week, DiMartino identified herself as an economist more concerned with the power of free markets when she cited Ludwig von Mises as one of her personal heroes. She went on to share insights into the Fed’s policy-making strategies and why the Fed has painted itself into a corner.

I would have to side with the body of thought that says the Fed has relied too long on models. It has not paid enough attention to financial stability and the seeds that are sown when interest rates are kept too low for too long. The result is never one that’s beneficial. Not for Wall Street or Main Street…”

DiMartino isn’t the only Fed insider to question the Janet Yellen’s incompetent policy and the official narrative of an economic recovery. Alan Greenspan himself has recently critiqued Fed policy and warned investors that the US economic outlook isn’t very rosy.

In this first video segment, DiMartino explains why the Fed has been incapable of predicting and noticing bubbles. She thinks that there are a number of bubbles forming right now, both domestically and abroad.

POSTED ON June 17, 2015  - POSTED IN Guest Commentaries, Interviews, Videos

Precious metals analyst Ed Steer shared his expectations for the price of gold and silver with Cambridge House Live. While Steer believes that the paper gold markets are the main determiner of prices right now, he thinks Western investors should mimic the habits of the Chinese and buy as much physical gold and silver as possible. He believes the East is preparing for the day when the US dollar and the paper reserve currencies collapse. Like Peter Schiff and Jim Rickards, Steer doesn’t believe the Federal Reserve can raise rates this year – if ever.

POSTED ON June 17, 2015  - POSTED IN Original Analysis

In his latest podcast, Peter Schiff reviews a statement from Bank of America warning that the Federal Reserve could forgo a rate hike and start up a new round of quantitative easing.

While most are focused on the risks around a withdrawal of liquidity, we believe the biggest hit to confidence could be the opposite: if another round of US QE is necessary to prop up the economy… QE fatigue is already evident: each subsequent round of QE has seen diminishing risk rallies. Another round of QE would imply that $4.5tn was not enough. And it would also likely have a very negative read-through for QE programs currently underway in Europe and Japan.”

With even more poor economic news in the past week, it’s no wonder that some mainstream analysts are waking up to the possibility that Peter has been forecasting for months. Peter reviews that poor data in the second half of this episode.

POSTED ON June 16, 2015  - POSTED IN Interviews, Original Analysis, Videos

In part three of their video series, Mike Maloney and Peter Schiff explain why more and more Americans will have to continue working into old age or forgo retirement entirely. They discuss how the United States has become complacent as a global economic superpower, and warn about the devastating effects this complacency will have on future generations.

View part one of their conversation here.

View part two of their conversation here.

Learn Peter & Mike’s strategies for protecting your retirement wealth here.

This is part three of a series we’ve produced from this valuable discussion. Videos on new topics will be released weekly for the rest of the month.
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POSTED ON June 15, 2015  - POSTED IN Key Gold Headlines

On Friday, Texas Governor Greg Abbott approved a law creating the Texas Bullion Depository – the first state-level precious metals depository in the United States. The bill would also allow Texas to repatriate $1 billion of gold back into the state. The law will go into effect immediately, though it is still unknown exactly where and when the Depository will be built.

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In passing this law, Texas joins the ranks of major global economies that want to bring their gold home. Germany, Austria, the Netherlands, and other European nations have already begun to repatriate gold from the New York Federal Reserve or have proposed to begin doing so.

POSTED ON June 15, 2015  - POSTED IN Guest Commentaries, Interviews, Videos

Gordon T. Long explained to USAWatchdog why he sees hyperinflation coming to America in the future and how investors should prepare for an escalated war on cash. While Long agrees with analysts like Peter Schiff and Marc Faber that the world is facing a debt crisis and major currency upheavals, he believes the world is still in the early stages of this massive transformation. Long said, “Even though it’s the biggest problem, [the dollar] will be the last to fail.”

However, when it does fail, he predicts the dollar could be officially devalued by 80% or more. For that reason, Long is extremely bullish on the precious metals in the long-term. Long is a well-known and respected economic analyst who worked for decades as a senior executive with IBM and Motorola.

POSTED ON June 12, 2015  - POSTED IN Guest Commentaries, Interviews, Videos

Tom Woods and Mark Thornton, a Senior Fellow at the Mises Institute, discussed the reality of financial market manipulation by central banks. This excellent, easy-to-understand conversation explains how the Federal Reserve’s monetary policies enrich Wall Street bankers while destroying the wealth of the middle and lower classes. At the same time, this financial repression undermines the concept of capitalism and free markets.

POSTED ON June 11, 2015  - POSTED IN Key Gold Headlines

If you’re planning on buying gold later this summer or in the fall, you might want to consider acting sooner.

A looming miners strike in South Africa could push gold prices up in the near to medium-term.

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According to a Reuters report, “South Africa’s Association of Mineworkers and Construction Union [AMCU] could launch a wildcat strike if its rival union and gold mining companies extend a wage deal to its members.”

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