Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Peter Schiff: Gold Will Be the Last Safe Haven Standing (Video)

  by    0   0

During a recent podcast, Peter Schiff explained that rising interest rates aren’t necessarily bad for gold. He also talked about how weakness in the Japanese yen might put some downward pressure on the price of gold in the short-term, but eventually, it’s going to be good for the yellow metal.

Peter hit on that themes again in an interview on RT’s Boom Bust, saying he thinks gold is going to be the last safe haven standing.

I think gold has been hurt by the perception that the global increase in interest rates is going to be bearish for gold. Also, gold has had a strong correlation with the Japanese yen over the last couple of years, and the yen has weakened, and that has also dragged down the price of gold. But the Japanese yen is not really going to determine the value of gold. The idea that they’re both safe havens, and for a while they were the same type of trade, I think that gold is the real safe haven. I don’t see a lot of safety in the Japanese yen. And so ultimately I do think gold will be the last safe haven standing.”

Peter reiterated that we will need a safe haven because what the pundits are telling us about the economy doesn’t stack up against actual economic data.

As people start to realize that the US economy is in much worse shape than is generally perceived by the markets, or certainly acknowledged by the Fed, as the US economy continues to weaken, as the Fed is forced to admit the tightening cycle is over and a new easing cycle is going to begin, as inflation begins to move higher despite the fact that the US economy moves into recession, I think you’re going to see a perfect storm when it comes to gold.”

In his most recent Gold Videocast, Peter also talked about the Japanese yen, saying he thought it was also going to be a boon for the price of silver over the long haul. For a very limited time, SchiffGold has an incredible buying opportunity on pre-1965 silver quarters, dimes and half dollars. This is the prefect time to prepare for the future and invest in junk silver. For more information on this special, limited-time deal, click here!

WhyBuyGoldNowBanner.070815.590

Get Peter Schiff’s latest gold market analysis – click here for a free subscription to his exclusive monthly Gold Videocast.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

Ron Paul: Everything Is Subprime Thanks to the Federal Reserve (Video)

Ron Paul talked about bubbles during his Liberty Report last week, noting our articles on the subprime auto bubble, along with housing bubble 2.0. As Ron pointed out, it’s hard to keep up with all of the distortions in the marketplace thanks to a decade of Federal Reserve easy money. How do you cover all the bubbles? […]

READ MORE →

Frank Holmes Is Bullish on Gold: It’s Outperformed the S&P 500 (Video)

Last month, US Global Investors CEO Frank Holmes said he thinks gold may well hit $1,500 this year. He listed the specter of increasing inflation, a weakening dollar, and income growth in China and India as three reasons to be bullish on the yellow metal. This week, Holmes appeared on CNBC’s Squawk Box and continued to […]

READ MORE →

Peter Schiff: The Party Is Over (Video)

We’ve been talking a lot about the rising levels of debt – both government and household. Set in an environment of rising interest rates, this is a huge problem very few people seem concerned about. We’ve been enjoying a big party and it’s about to come to an abrupt end. Related

READ MORE →

Peter Schiff: We’re Ripe for a 1987-Style Crash (Video)

Stock markets have settled down after an awful couple of weeks earlier this month.  On Feb. 5, the Dow Jones suffered its largest-ever drop in terms of points. It was down 1,600 at one point and ultimately lost 1,175.21 points, a 4.6% drop that day. At one point during that week, the Dow was off […]

READ MORE →

Jim Rogers Predicts Worst Bear Market in Our Lifetime

Investor Jim Rogers has seen a lot in 75 years. So when he starts talking about the worst bear market in our lifetime, we probably ought to sit up and take notice. And that’s exactly what Rogers said in a recent phone interview with Bloomberg. When we have a bear market again, and we are […]

READ MORE →

Comments are closed.

Call Now