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Peter Schiff appeared on Fox Business yesterday, warning that whether they know it or not, many Americans own Puerto Rican bonds in their retirement portfolios. If Puerto Rico were to default on its debt, the fallout would have a much bigger effect on average Americans than Greece leaving the eurozone. More importantly, Peter believes Puerto […]
Bank of International Settlements issued a blunt report on Sunday, warning that over-reliance on monetary policy has left central banks with little capacity to deal with the next global crisis. As the Telegraph reports, BIS asserts that central banks have “backed themselves into a corner” by repeatedly cutting interest rates in order to stimulate flagging […]
Last night, Peter Schiff told CNBC how he expects the Greek financial crisis to affect United States markets. Peter thinks that the Federal Reserve will come in with another round of quantitative easing to prevent the dollar from rising too much against a struggling euro. Instead, he believes the Puerto Rican debt crisis presents a […]
In this final part of their video series, Peter Schiff and Mike Maloney discuss why gold is the ultimate hedge against the government’s irresponsible monetary policies. Neither Mike nor Peter like to predict a final price for gold. However, they agree that given the history of paper money systems, gold will be heading much higher […]
This post 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, it’s funny. When someone is known to have a valuable treasure, everyone around them surely covets it. In fact, if it’s really really valuable, […]
China will reportedly create a yuan-denominated physical gold price setting mechanism through the Shanghai Gold Exchange (SGE) by the end of the year. According to a Reuters report, the plan aims to give China more influence over gold pricing. The country already leads the world in production and consumption of gold bullion.
Greece has closed its banks and instituted capital controls. The measures will remain in effect until at least July 6th, the day after a popular referendum on European bailout aid is due to take place. Rather than agree to further austerity measures in exchange for an extension of financial aid from its international creditors, Prime […]
Carl Icahn made news this week when he sold his stake in Netflix. However, the bigger message Icahn shared with CNBC was that he thinks the United States stock market is “extremely overheated.” He warned investors that he sees similar problems as 2008: I personally do [think that the US equity market is in for […]
It’s been a while since we heard from Jim Rickards, one of the leading contrarian economists. In a new interview with Kitco, Jim shared his opinions on a wide range of topics. He talked about the current relationship between the United States dollar and the Chinese yuan, as well as what he expects to happen […]
Mark Dice walked around downtown Encinitas, California and tried to sell a 10-ounce bar of silver for only $10. At today’s prices, that bar is worth about $160. He asked men and women, young and old, if they’d like to buy it. He even lowered the price to $1 while standing directly out front of […]
