Monday, April 29, 2013

Peter Schiff: Yes, Gold can have corrections too

I have been buying gold for 13 years or so, it`s been on a bull market for pretty much the entire time and I am not a short term trader. So, I don`t give advice to futures traders or options traders. I am telling people to buy gold and hold it as an hedge against inflation and money printing. Gold has been up for 12 consecutive years, it`s entitled to a correction.

Monday, April 22, 2013

Peter Schiff: Emerging markets will continue buying Gold


Emerging market economies are conspicuous for very small gold reserves, particularly in comparison to their much larger share of foreign currencies.

Bankers and political leaders in all of these countries, particularly India and China, have lamented publicly about the very high percentage of U.S. dollars in their reserves, and have even spoken fondly about the reliability and importance of gold.


Wednesday, April 17, 2013

I bought more gold and confident that prices will rise

I even bought some more gold for my own account. Iv been buying gold for 12 years now. I always buy more when the prices go down because I'm confident that the prices will rise. I'm confident that everything the fed has done has exasperated the crisis.

Also I don't think next the central governments will sell their gold.  There may be financially weaker governments that will sell some gold. But overall I think central banks will be big buyers of gold and they will be looking to unload their dollars. 

Tuesday, April 16, 2013

The Real Crash is coming , Our standard of living is going to fall

Peter Schiff : the stock market collapse we experienced in 2008 “wasn’t the real crash. The real crash is coming.” “If we keep doing this policy of stimulus and growing government, it’s just going to get worse for the average American. Our standard of living is going to fall . . . People who are expecting Social Security can’t get all that money. People expecting government pensions can’t get all their money . . . We simply can’t afford to pay them.” Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Monday, April 8, 2013

The golden cycle By Peter Schiff

Two years ago gold bugs ran wild as the price of gold rose nearly six times. But since cresting two years ago it has steadily declined, almost by half, putting the gold bugs in flight. The most recent advisory from a leading Wall Street firm suggests that the price will continue to drift downward, and may ultimately settle 40% below current levels.The rout says a lot about consumer confidence in the worldwide recovery. The sharply reduced rates of inflation combined with resurgence of other, more economically productive investments, such as stocks, real estate and bank savings have combined to eliminate gold's allure.
Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

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