Wednesday, May 28, 2014

Gold demand and prices to sky rocket



Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Tuesday, May 27, 2014

Schiff says Inflation problem bubbling

We do have an inflation problem and a bubble. Commodity prices are rising. Maybe you haven't noticed but gold is at $1,300.

Peter Schiff is an investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, May 26, 2014

Peter Schiff: Gold, Inflation CNBC interview



Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Wednesday, May 21, 2014

Schiff says Inflation is hurting the economy

It's my opinion that economies are served by falling prices, by increased production, increased efficiencies, that lower consumer prices, that that's what makes people better off. And I think the idea that central banks need to deliberately create inflation because it's somehow a necessary ingredient to economic growth is wrong. 

Inflation is actually worsening the problems in the economy.


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Tuesday, May 20, 2014

Peter Schiff: Why deflation could help consumers

The consumer doesn't need inflation. What we need is more production and falling prices because that's what grows an economy, that's what leads to higher living standards — when workers can buy more with the money they earn


Peter Schiff is an investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, May 19, 2014

Peter Schiff vs Nouriel Roubini



Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Thursday, May 15, 2014

US Dollar tanking against Pound

While the darkening skies may not be visible to Americans, the foreign exchange markets have taken notice. 

[Recently] the U.S. dollar hit a five-year low against the British pound, a nearly three-year low against the Swiss franc (notwithstanding three days in March that traded slightly lower). 

The weakness in the dollar portends a weaker U.S. economy and a strong likelihood for more Quantitative Easing from the Federal Reserve. It also confirms that Europe's strategy of limited "austerity" did not deliver the catastrophe that many on the left, including Paul Krugman, had predicted.

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Wednesday, May 14, 2014

GDP report are just excuses

As they have done with the recent jobs reports, most economists pin the bad GDP number on the hard winter. This is a dangerous game to play. If GDP now fails to respond strongly to the return of warmer weather, the truth of a fundamentally weakening economy will become that much easier for everyone to see. But with asset bubbles forming across many sectors of the economy, the truth can be a serious hazard. Nothing pricks a bubble quicker than a loss of confidence.

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Tuesday, May 13, 2014

Schiff: Sell in May and go away

After last year's stunning 29% rally in U.S. stocks, Wall Street virtually assured investors at the end of last year that the good times would continue. 

If not for the super-charged mergers and acquisitions market, which according to the Wall Street Journal accounted for $638 billion of transactions thus far in 2014 (the highest level of activity in almost 20 years), and the rock bottom long term interest rates provided by the Federal Reserve, markets could be tanking. 

What's worse is the fact that the first five months of the calendar are usually the best for market performance (hence the Wall Street adage "sell in May and go away.") 

If this is how we have fared during the seasonally strong part of the year, beware the latter as the summer doldrums set in and the Fed (in theory at least) is set to wind down its QE program.


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, May 12, 2014

Peter Schiff compares stock market rally to music getting better

While there are plenty of reasons to be cautious about America's economic future (the growing geo-political tensions in Ukraine for instance - explored in detail in my latest newsletter), Wall Street has found ways to ignore all of them. My advice to investors is to ignore the swelling crescendo coming from the paid musicians. Take a look at the sheet music instead. They may play it like a fanfare but it is written like a dirge.

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Thursday, May 8, 2014

One day in future we are going to be shocked at how Gold was so cheap

One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price.

Wednesday, May 7, 2014

Solution to our problems is to remonetize gold

Ultimately, the solution to our problems is going to involve a re-monetization of gold. But by the time they re-monetize it, the price is going to be substantially higher than it is now.

Tuesday, May 6, 2014

Peter Schiff was right

Peter Schiff warns CNBC viewers on August 2006 

"What's going to happen is that the American consumer is basically going to stop consuming and start rebuilding his savings, especially when he sees his home equity evaporate. And when you have the economy 70 percent consumption, you can't address those imbalances without a recession."

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, May 5, 2014

Largest exodus from labor force

Last month April, almost a million Americans left the labor force in one month. I think that's the largest exodus from the labor force since they began keeping the statistics.

Better than 80 percent of them potentially were just made up by the government because over 240,000 of the jobs were the result of the birth-death assumptions where the government simply assumes that new businesses were created in April and that they hired people.

Thursday, May 1, 2014

Schiff: Gold has bottomed most probably

The fundamental case for gold has also never been stronger. From a gold short seller's perspective, this will prove to be the equivalent of a perfect storm. Their losses will be severe.

Any major geopolitical concerns, particularly if there is a deterioration of the situation in Ukraine, will add to gold's appeal. I also expect renewed physical demand from emerging markets like India and China. Most likely prices have bottomed, as too many speculators are looking for lower prices. 


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