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As we’ve been reporting for months, China is quietly becoming a dominant player in the world gold market, as the yellow metal shifts from the West to the East. Now the mainstream media is starting to take notice. Not only is China the top consumer of gold in the world, ahead of fellow Asian nation […]
This 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. You know the old saying. “There’s a sucker born every minute.” Sadly, many Americans have been suckered into thinking their pension was going to provide a […]
With the Federal Reserve preparing for another meeting, pundits are talking interest rate hikes. Even AP is speculating that a rate hike is unlikely this go-around, blaming problems the “global economy.” The US job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this […]
ReasonTV asked Californians what they thought the “right” minimum wage is. Unsurprisingly, most of the people in the “trendy, hipster enclave” of Silver Lake in Los Angeles just assumed a higher minimum wage is simply a no-brainer, win-win for society and workers. They didn’t hesitate to insist a $15-20 minimum wage was a necessity for […]
As the push for a $15 per hour minimum wage continues in earnest across America, policymakers had better consider the warning signs flashing from beleaguered Puerto Rico. Minimum wage policy was a major factor leading to the current crisis there. The Government Development Bank in the US territory is operating under a state of emergency […]
Earlier this week, China launched twice daily gold fixing to establish a regional benchmark that will bolster the country’s influence in the global gold market. What is the significance of the move? Greg Collett, director of investment products for the World Gold Council talked with Kitco News about the new Chinese benchmark. He said it […]
As Peter Schiff put it in his recent podcast, “Hi ho silver seems to be the rallying cry for the day.” (Scroll down to watch the full podcast.) Last month, we reported silver could be poised to come out of the shadows. It certainly has – in a big way. Silver cracked $17 per ounce […]
In another sign that it is becoming a major player in the world gold market, China launched twice-daily price fixing on Tuesday. According to a Bloomberg report, the move is an attempt to establish a regional benchmark that will bolster its influence in the global gold market: The Shanghai Gold Exchange set the price at […]
Jim Grant appeared on Bloomberg and offered some advice to the Fed when prompted by the hosts. Do less! I think they should do less of almost everything they now do. They pretend to things they can’t know, and they undertake actions that are mainly unhelpful.” Grant went on to explain why interventions into economies […]
Peter Schiff appeared with Alex Jones on InfoWars Friday and made the case that the real economic earthquake is in our future, not in the past. Peter said that despite all of the positive spin coming out of the mainstream media, the Federal Reserve, and the Obama administration, the US economy is weak and spiraling […]
