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The CEO of Degussa Golchandel, the largest precious metals bullion dealer in Europe, explained why he disagrees with the mainstream market sentiment concerning the price of gold. Rather than dropping to $1,000 an ounce, Wolfgang Wrzesniok-Rossbach expects a $1,500 price point in the near future. He has three core reasons for this analysis: speculative investors […]
Mainstream economists continue to defend and even praise Ben Bernanke’s response to the 2008 financial crisis. But as it becomes more and more obvious that the United States economy never fundamentally recovered from the Great Recession, savvier analysts are speaking up. On Bloomberg TV, David Stockman lambasted Bernanke for flooding the markets with zero-cost money, […]
On Monday, the United States national debt increased $339 billion. In one day. Just like that. What caused the sudden spike? That same day, President Obama signed a bill into law suspending the debt ceiling until March 15, 2017. That allows the government to once again borrow, free from the constraints of an $18.1 trillion […]
Peter Schiff joined two other guests on Fox Business’ Closing Bell with Liz Claman. They discussed what it would take for the United States government to balance its budget without deficit spending. Peter Hoekstra, a former Republican Congressman from Michigan, argued that the government had managed to balance the budget in the 1990s. However, Peter […]
One of America’s largest online retailers has prepared for a financial crisis. Have you? During a recent speech (see video below) at the United Precious Metals Association, Overstock.com Chairman Jonathan Johnson said the company has stockpiled $10 million in gold and silver outside of the banking system. He said most of the gold is in […]
Sales of American Silver Eagle bullion coins shot through the roof over the past several months and will likely break a record in 2015. According to a Newsmax Finance report, 2015 sales year-to-date are ahead of last year’s pace. Through the third week in October, sales stood at 38,986,000 ounces. That compares to last year’s […]
Swedes are reportedly hiding money in microwave ovens in a desperate attempt shield it from the negative effects their central bank’s “war on cash.” As Business Insider puts it, the Nordic country is “shaping up to be the first country to plunge its citizens into a fascinating — and terrifying — economic experiment: negative interest […]
Doug Casey spoke with Greg Hunter of USAWatchdog. Just like Jim Rickards, Jim Grant, and Dr. Ron Paul, Casey believes we’re in the middle of a cataclysmic era of central bank intervention that will result in an unprecedented monetary collapse. In fact, Casey doesn’t think the United States ever got clear of the economic hurricane […]
Gold-backed exchange-traded funds (ETFs) generally follow the price of gold. As a result, they have been underperforming relative to the general stock market this year. For instance, SPDR Gold Trust (GLD) lost about 28.3% of its value in 2013, fell another 2.2% in 2014 and yet another 3.8% so far this year. It was recently […]
Ernie Hancock of Declare Your Independence interviewed Peter Schiff about the tragic death of his father, Irwin. They discussed Irwin Schiff’s legacy and his influence on Peter’s understanding of economics. Peter has chosen to promote his father’s principles by educating the public about how to avoid the US government’s most insidious tax – not the […]
