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In an interview on The Street, Peter Schiff explained the relationship between physical gold and the debt limit of the United States. Peter argued that the Fed is lying about inflation because it doesn’t want to admit that there is no real economic recovery. What’s good for gold is when they raise the debt ceiling, […]
Brett Arends published an excellent article on MarketWatch today, revealing that US Treasury officials have no intention of selling gold reserves. As one Treasury spokeswoman told him: “Selling gold would undercut confidence in the US both here and abroad, and would be destabilizing to the world financial system.” “Grab any Wall Street trader in a bar, […]
By Peter Schiff Anyone who bought the media buzz about a September reduction of QE – called the “taper” – was very surprised when the Federal Reserve announced that stimulus would continue unabated. According the the official narrative, inflation is under control and the labor market is steadily improving. Why wouldn’t a modest taper be […]
By Jeff Clark from Casey Research Goldman Sachs is once again predicting that gold will fall, setting a new near-term target of $1,050. Never mind the schizophrenic gene that would be required to follow the constantly fluctuating predictions of all these big banks; it’s amazing to me that anyone continues to listen to them after […]
Ned Goodman, a Canadian billionaire businessman, addressed Cambridge House’s Toronto Resource Investment Conference a few weeks ago. While Goodman’s delivery is subdued, his message could not be more important. Goodman believes the US is already in a recession and reviews the reasons why the international community is beginning to turn its back on the US […]
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 […]
Cameron Alexander wrote an interesting article on Chinese gold demand in CME Group’s publication Open Markets. The Chinese have rushed to take advantage of low gold prices this year, and China’s central bank is talking about easing restrictions on gold imports going forward. China is on track to surpass India in global gold demand this […]
CME Clearing Europe Accepts Gold as Collateral PRNewswire – CME Clearing Europe, the sister shop of CME Clearing (US), has broadened the range of collateral it is willing accept to cover margin requirements to include gold. In its own words: “The extension offers additional flexibility at a time when high quality collateral is at a […]
Gold at 3-Month High on Safe Haven Appeal Reuters – In the last week of August, the gold spot price climbed to its highest since May and silver rose to its highest since April. The rise was attributed to the potential of a US military strike against Syria and gold’s safe haven appeal during times […]
Tekoa de Silva of Bull Market Thinking spoke with Jim Rickards, author of Currency Wars, about the Fed’s decision to continue QE without tapering. Rickards, like Peter Schiff, had no expectation of tapering. The most interesting part of the interview is Rickards’ discussion of his involvement in a financial war game conducted by the Pentagon […]
