Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)
POSTED ON December 5, 2018  - POSTED IN Key Gold Headlines

The stock market got a nice bump on Monday with the news that there was a “truce” in the trade war. That lasted all of one day. The markets tanked on Tuesday as investors realized the “truce” really didn’t mean anything. The Dow Jones plunged 799 points, a 3.1% drop. The S&P 500 declined 3.2%, while the Nasdaq was down 3.8%. As one news outlet put it, “investors are quickly realizing that the US-China trade war is not over. The tariffs already put in place remain. And new tariffs could be implemented if the two sides fail to make progress.”

Well, yeah. Duh.

In his latest podcast, Peter Schiff said he wasn’t surprised at all by the drop.

POSTED ON November 28, 2018  - POSTED IN Key Gold Headlines

Bankers, investors and executives are increasingly worried about corporate debt,  according to a Reuters report.

Specifically, the concerns center around “leveraged lending.” These are loans made to firms already deeply in debt. Think subprime loans for corporations. As the Reuters report put it, “the concern is that the loans would be difficult to either collect or resell in a downturn, putting both the borrower and lender at risk.”

POSTED ON October 31, 2018  - POSTED IN Videos

Pres. Trump has spent a lot of time sniping at Jerome Powell and the Federal Reserve in recent weeks. As we put it last week, Powell has become the president’s favorite scapegoat as he tries to deflect blame for the tanking stock market. But in a recent appearance on The Closing Bell, Peter Schiff said there will be plenty of blame to go around when the next crash grips America. And this one will make 2008 look like the roaring ’20s. 

POSTED ON October 30, 2018  - POSTED IN Key Gold Headlines

Halloween is tomorrow. Fittingly, fear is back.

Gold appears to be on track for its first monthly gain in seven and safe-haven buying has helped drive the yellow metal higher. As a Goldman Sachs note put it, “fear has made a comeback and gold is benefitting.

POSTED ON October 25, 2018  - POSTED IN Key Gold Headlines

Wednesday was another ugly day on Wall Street.

Stocks tanked, wiping out gains for the year in both the Dow Jones and S&P 500 Index. The Dow fell 608 points and the S&P 500 shed 3%. The Nasdaq plunged 329 points and lapsed into a correction territory. It was the largest daily decline on Wall Street since 2011.

In his most recent podcast, Peter Schiff asked a key question: will the Federal Reserve swoop in and change the nature of the game?

POSTED ON October 15, 2018  - POSTED IN Videos

In the wake of the stock market plunge last week, Pre. Donald Trump said the market drop wasn’t because of his trade war. Trump said, “That wasn’t it. The problem I have is with the Fed. The Fed is going wild. They’re raising interest rates and it’s ridiculous.” He also said the Fed is “going loco.” In a Thursday interview, the president doubled down, saying “I’m paying interest at a high rate because of our Fed. And I’d like our Fed not to be so aggressive because I think they’re making a big mistake.”

Peter Schiff appeared on Fox Business Countdown to the Closing Bell along with National Alliances head of fixed income Andy Brenner to talk rate hikes, the stock market and where things might go next. 

POSTED ON October 11, 2018  - POSTED IN Key Gold Headlines

The Dow Jones fell 831 points Wednesday, a decline of more than 3%. Meanwhile, the S&P 500 charted its biggest daily decline since February and the Nasdaq Composite dropped 4.08 percent. This follows on the heels of a 200-point drop in the Dow last week after the 10-year US Treasury yield hit the highest level since 2011.

In a podcast last week, Peter Schiff said rising interest rates could serve as the pin that pricks the stock market bubble. In his most recent podcast, Peter said the stock market rout seems to confirm his feeling and warned a recession will follow.

Call Now