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China Buys Gold to Challenge US Dollar Al Jazeera – America’s diplomats know the world will one day pull the plug on the US dollar’s life support system. A recently published, unredacted Wikileaks cable from the US Embassy in Beijing shows that the concern has, in fact, been at the front of their minds. The […]
By Peter Schiff Last week, I spent the afternoon visiting the Occupy Wall Street demonstrations in lower Manhattan. I brought a film crew and a sign that said “I Am The 1%, Let’s Talk.” The purpose was to understand what was motivating these protesters and try to educate them about what caused the financial crisis. […]
By Peter Schiff President Obama today announced a plan that will ensure students are able to commit to higher levels of federally backed student loans. By limiting student obligations to repay, and by passing more of the repayment burden onto taxpayers, colleges and universities will be able to continue to raise tuitions at a rate […]
By Peter Schiff Herman Cain has been gaining much traction with his 9-9-9 Plan, a bold proposal to replace our dysfunctional tax code with what could be a simpler, less invasive, and more economically stimulative alternative. While I don’t agree with the full spectrum of Mr. Cain’s policy choices, I applaud his courage on the […]
Jeff Nielson’s Gold Commentary It has been a rough month to be a precious metals investor. However, irrespective of whether we are talking about markets or life in general, whenever we encounter any short-term turbulence, we need to step back and look at the big picture. The main reason to do this is that, being […]
By Peter Schiff In today’s investment landscape, risk can come in all shapes and sizes. When structuring a stock portfolio most investors try to gauge the risk in buying particular stocks. Savvier investors also factor in sector risk, business cycle risk, and recession risk. Cautious investors may try to mitigate these risks by favoring bonds […]
By Peter Schiff The past couple weeks have seen a strong pullback in both commodity prices and stocks. Gold fell sharply off its peak after soaring just past $1,900. Volatility in commodity, currency, and equity markets has been very high recently, and these short-term price movements have Wall Street pundits in an uproar. As gold […]
JPM Eyes Gold at $2,500 by December Financial Post – Prior to Standard & Poor’s downgrade of US sovereign debt, JP Morgan analysts expected gold to stay at or below the $1,800 an ounce level in 2011. Post-bombshell, however, that projection has been revised upward to $2,500. Analysts Colin Fenton and Jonah Waxman are encouraging […]
Peter Schiff’s Gold Commentary
By Peter Schiff Earlier this week the Federal Reserve ignited a firestorm in the global markets by admitting that the U.S. economy is facing significant downside risks. Although it continues to sugar coat the unpleasant reality, never has such a stunningly obvious statement resulted is so much turmoil. Once again we are seeing the knee-jerk […]
