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Increased demand for solar power is forecast to put significant upward pressure on silver prices in the years to come. CNBC recently reported on the strong potential in the solar industry as governments continue a concerted drive to reduce global carbon dioxide emissions: While the solar industry just accounts for just 6% of overall physical […]
Peter Schiff discussed the market expectations of a December rate hike from the Federal Reserve in his latest appearance on Alex Jones’ InfoWars. The two went on to discuss the real condition of the United States economy and why the US may soon be following Europe’s lead towards negative interest rates and more inflation. Finally, […]
The headline on the Pittsburgh Tribune-Review website says it all – “Collectors willing to overpay for silver.” The article highlights an ongoing silver scam in Pennsylvania and other states featuring “US State Silver Bars.”
Mexican immigrants are going home. For the first time in more than 40 years, more Mexicans are leaving the United States than entering. Citing a Pew Research Center report, USA Today notes that from 2009 to 2014, an estimated 870,000 Mexicans came to the US, while 1 million returned home. That represents a net loss for […]
More than 80,000 student loan debtors can now apply for loan forgiveness through the US Department of Education after the conclusion of an investigation into now defunct Corinthian Colleges this week. The company once owned more than 100 for-profit colleges. It filed for bankruptcy in May in the wake of a probe into its practices. […]
The Federal Reserve released its October meeting minutes yesterday, and the financial media largely interpreted them as saying a December interest rate hike is still a lock. However, Peter Schiff points out to CNBC that the minutes weren’t nearly that conclusive. As far as he’s concerned, the minutes leave plenty of wiggle room for the […]
The silver market will likely face its third consecutive annual physical deficit in 2015, according to the recently released Interim Silver Market Review by Thomson Reuters. A drop in supply due to flat mine production and a spike in demand for silver coins are among the factors figuring prominently in the predicted physical deficit. Silver […]
On Friday, International Monetary Fund Director Christine Lagarde basically green-lighted the proposal to add the Chinese yuan to the IMF’s Special Drawing Rights basket of currencies. Peter Schiff told RT’s Boom Bust that this is just another step in the direction of China surpassing the United States as an economic power. Ultimately, Peter believes China […]
This article is written by Peter Schiff and published by CNBC. The September jobs report, which was released in early October, was so universally dismal that it managed to convince the majority of investors the Federal Reserve would not raise interest rates in 2015. Since it is widely believed that gold rallies when interest rates […]
Gold rallied in the wake of the tragic ISIS terror attack in Paris on Friday. Multiple media reports framed the rise in the price of gold as “safe haven demand.” The Wall Street Journal put it succinctly: The precious metal has long acted as a safe store of value during periods of heightened global uncertainty.” […]
