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One proposed solution to Greece’s European debt problem is for the Mediterranean country to abandon the euro and resurrect its old currency, the drachma. In his April Gold Videocast, Peter Schiff explains why a new drachma would be ideal for Greek politicians, but a disaster for Greek citizens and creditors. Peter also reveals why the […]
On Friday, Peter Schiff looked back at a week of market rallies. While the US dollar strengthened, so did gold. In fact, gold approached a 2-year high in euros. Combined with the ongoing negative US economic data, this leads Peter to believe that there is a solid bottom in the gold market. At the end, […]
We recently placed an anonymous call to one of the largest gold dealers in the country for some insight into how other precious metals companies operate. Since this company is very high-profile and has a huge customer base, you might expect them to offer amazing prices. After all, giant retailers like Wal-Mart can usually undercut […]
March Madness may be over, but there is no end in sight for the Federal Reserve’s monetary madness. The Fed has been betting that the US economy would continue to recover, but the latest jobs numbers and dismal GDP data have revealed its forecasting to be as terrible as ever. If the Fed’s policies are […]
Marc Faber told Kitco News the same thing Peter Schiff has been warning — the United States economy is too weak for the Federal Reserve to raise interest rates in June. Faber believes that eventually the markets will wake up to just how ignorant and powerless global central banks are. When that happens, investors will […]
In an interview on Bloomberg, former Morgan Stanley chief economist Stephen Roach tears apart the monetary policy of the Federal Reserve. Roach explains that Ben Bernanke has blatantly admitted that the Fed’s goal is to stimulate the economy by growing asset bubbles. Roach’s indictment of the Fed and the US economy is severe, but he […]
The price of gold surged this week after the poor jobs numbers released last Friday. The yellow metal is now up about 3.5% in 2015, while the S&P 500 is up barely 1.5%. As usual, technical traders are now jumping on the gold bull wagon, at least temporarily. In this short CNBC interview, precious metals […]
Last week, the March jobs data finally began to match the rest of the terrible economic data in America. While analysts are blaming the lower-than-expected non-farm payroll numbers on poor weather, the employment picture is actually worse than the first quarter of last year when the “polar vortex” swept through the country. In his latest […]
In a report ironically titled “A Better Monetary System for Iceland,” government officials in the small North Atlantic nation are considering a policy that would strip commercial banks of the power to increase the money supply through lending. Instead, they would hand all money creation to the central bank – in essence, completely nationalizing the […]
The US markets are closed today, but the March jobs numbers were release this morning — 126,000 non-farm payroll jobs were created last month. The forecast was for 245,000 new jobs, so this is a terrible report that falls nearly 50% short of expectations. Taking into account all the economic data thus far in 2015, […]
