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Germany Repatriating Gold in Case of Currency Crisis Forbes – Germany’s central bank announced plans to bring 50% of its total gold reserves back to Frankfurt from the US and France. 300 tons of gold will be moved from the NY Fed to the Bundesbank over the next seven years. A Buba spokesman said they […]
Last week, Peter Schiff spoke with Tekoa Da Silva of Bull Market Thinking about the future of gold and the real crash that is just around the corner. I don’t know where the bottom is [in gold], but I think once we hit it, we are headed dramatically higher, to levels very few people can […]
You’ve been reading the news and watching the economy. You know things are bad, and likely to get worse as central banks around the world continue to print money for irresponsible governments to squander. You know this means the purchasing power of the dollar is deteriorating, and that holding savings in dollar-denominated assets is probably […]
Both CNBC and MarketWatch ran articles this week about Peter Schiff’s outlook of where the American economy is headed. CNBC wrote about the international currency war, and Peter’s belief that America will ultimately win, therefore destroying consumer purchasing power and bolstering gold.
By Dickson Buchanan The Setting: The Bank and Currency Committee, Washington, DC, 1912. In the Panic of 1907, the stock market fell over 50% in one day and caused massive bank runs. Bailouts had done little to restore confidence. Five years later, all this still lingered palpably in the minds of the crowd packed into […]
The New York Sun published an editorial this week looking at proposed legislation in Virginia that would examine the viability of a metal-backed monetary standard. If the federal government doesn’t understand the importance of real money, maybe the states will take up the banner. “It’s starting to look like Virginia could yet emerge in a […]
The Argentinian government has frozen super market prices for the next two months in a misguided attempt to stop inflation. A new commentary on Zero Hedge compares Argentina’s financial decline to the state of affairs in developed countries around the world. Are you prepared for sudden hyperinflation? “Up until now, Argentina’s descent into a hyperinflationary […]
By Peter Schiff The financial world was shocked this month by a demand from Germany’s Bundesbank to repatriate a large portion of its gold reserves held abroad. By 2020, Germany wants 50% of its total gold reserves back in Frankfurt – including 300 tons from the Federal Reserve. The Bundesbank’s announcement comes just three months […]
By Jeff Clark by Casey Research The best indicator of a chess player’s form is his ability to sense the climax of the game. -Boris Spassky, World Chess Champion, 1969-1972 You’ve likely heard that the German central bank announced it will begin withdrawing part of its massive gold holdings from the United States as well […]
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 […]
