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Korea Begins Spot Gold Trade Wall Street Journal – The South Korean stock exchange has started trading physical spot gold for the first time, hoping to increase tax revenue from the yellow metal. South Koreans trade about 110 tons of gold every year, of which about 70 tons, worth $3 billion, are traded on the […]
There was big news last week in the precious metals industry. Anthony Columbo and his companies (Premier Precious Metals Inc., Rushmore Consulting Group Inc., and PPM Credit Inc.) were banned by the FTC from selling precious metals “investment opportunities.” The FTC charged Columbo with swindling millions of dollars from investors through hard-sell telemarketing schemes. The […]
In his latest commentary, Peter Schiff pokes holes in the theory that the polar vortex and exceptionally cold winter is solely responsible for the poor economic data of the past several months. Peter argues that economists and the media are blowing a lot of hot… er, cold air to convince the public that the economy […]
Politicians and the Federal Reserve are spinning tales of a slow but steady economic recovery in the United States. But economists and financial advisors like Peter Schiff are not fooled by the double speak. The Economic Collapse Blog published a good summary of recent major economic data and news that indicate the picture is not […]
By Peter Schiff Before Bear Stearns and Lehman collapsed, the market for physical gold was limited to a relatively small group of investors who understood the havoc inflation was wreaking on our savings and the US markets. As the financial crisis took hold, a flood of new and inexperienced buyers entered the market, creating an […]
By Peter Schiff The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold selloff: many large players were motivated to sell by news that Cyprus will have to liquidate its gold stockpiles to pay off acute debt […]
On his radio show this morning, Peter Schiff interviewed Bill Murphy of the Gold Anti-Trust Action Committee. Peter and Bill discussed the possible price suppression of gold and the bullish fundamentals of the yellow metal. What’s even more amazing is that the price of gold is not reacting, not only to the inflation that has […]
In his latest video blog post, Peter Schiff analyzes the latest economic data and the overwhelming negative sentiment against gold. Picking apart some anti-gold headlines from Forbes and The Wall Street Journal, Peter counters the gold naysayers and explains why they’re completely misinterpreting the fundamental condition of the US economy. But rather than the price […]
Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics. Click here for more cartoons and information on his anthology book, available for only $15. Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold Interested in learning about […]
A MarketWatch commentary has analyzed the Federal Reserve’s transcripts from the 2008 recession and found that it is grossly incompetent at predicting and understanding recessions. There doesn’t seem to be any good reasons to expect that the Fed has improved its market diagnostic skills. What does that mean for investors today? Don’t trust the official […]
