Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)
POSTED ON August 21, 2020  - POSTED IN Friday Gold Wrap

It was a volatile week in the gold and silver markets after last week’s correction with big swings up and down. Early this week, gold enjoyed a rally back above $,2000 after we learned Warren Buffett has gotten into gold. In this week’s Friday Gold Wrap podcast, host Mike Maharrey talks about Buffett’s move into gold and what it means and why we shouldn’t worry about big corrections during this bull run. He also highlights some of the economic data that makes him less than optimistic about a quick recovery.

POSTED ON August 20, 2020  - POSTED IN Guest Commentaries

When gold moved above its all-time record price last month, we pointed out that it’s easier to understand gold’s record-breaking move up if you look at it from the other side of the equation. The dollar is now at its all-time low compared to gold.

In simple terms, the dollar is losing value and dollar debasement is driving up the price of gold.

POSTED ON August 19, 2020  - POSTED IN Peter's Podcast

Gold rallied back above $2,000 on Tuesday (Aug. 18) driven in part by Warren Buffett’s sudden interest in the yellow metal.

Peter Schiff talked about gold’s rally and the weakness of the dollar on his podcast and focused on the lack of financial media coverage of Buffett’s purchase of Barrick Gold. Of course, they mentioned it, but they didn’t really delve into the significant questions raised by Berkshire Hathaway’s move into gold mining stocks. In effect, Buffett sold banks and bought Barrick Gold.

He basically reduced his bets on banks and made a brand new bet on gold, which is, in effect, a bet against the US, against the dollar, pro-gold.”

POSTED ON August 17, 2020  - POSTED IN Peter's Podcast

Warren Buffet has bought into gold.

Gold mining to be specific. Peter Schiff talked about what Buffett is telling us in his podcast.

According to the latest 13F filing by Berkshire Hathaway, the company now has positions in Barrick Gold to the tune of over $500 million. This was as of the end of June. Peter said he suspects Berkshire Hathaway has a lot more shares now.

POSTED ON August 7, 2020  - POSTED IN Friday Gold Wrap

Last week, gold broke its all-time record. This week, the express elevator kept going right up taking both gold and silver with it. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about gold’s push above $2,000 an ounce and silver’s even bigger gains. He also talks about the dynamics driving precious metals higher and why he doesn’t think we’re anywhere near the top floor.

POSTED ON August 5, 2020  - POSTED IN Key Gold Headlines

Most people remain blissfully ignorant of the economic wounds inflicted on the US economy by the government-imposed economic shutdowns in response to the coronavirus. But every once in a while, the curtain blows back and we catch a glimpse of the damage.

For example, a report released last week by global advisory firm Stout, Risius and Ross estimated that Americans currently owe more than $21.5 billion in past-due rent.

POSTED ON August 5, 2020  - POSTED IN Peter's Podcast

Gold reached a new milestone Tuesday, breaking above $2,000 for the first time ever. The yellow metal closed just above $2,017 an ounce. Peter talked about gold’s new record high and what it’s telling us in his latest podcast. He says most people still don’t really understand the significance of $2,000 gold.

Peter noted that when gold first peaked its head above $2,000, it immediately sold off. He said that kind of nervousness is exactly what he wants to see in a gold bull market.

POSTED ON August 4, 2020  - POSTED IN Key Gold Headlines

Gold pushed above $2,000 an ounce for the first time ever on Tuesday.

The spot price broke through $2,000 a little after noon and then immediately sold off over the next 10 or 15 minutes. In a tweet, Peter Schiff said, “You know the gold bull has a long way to run when the first reaction traders have to gold finally breaking above $2,000 is to sell.”

POSTED ON August 4, 2020  - POSTED IN Videos

Gold pushed above its all-time record price last week. Where does it go from here? Peter Schiff and Jim Rickards appeared on Kitco News to talk about gold’s trajectory and the possibility of $15,000 gold in the future.

Peter opened up the interview saying he’s surprised it took gold this long to break its record.

A lot has happened in the last decade. We’ve certainly printed a lot of money.”

Call Now