Peter Schiff : Weak Holiday Sales Confirm the Best Bargain is Gold

The Peter Schiff Show Podcast - Episode 121

Peter Schiff – Gold Will Breakout as Rate Hike Myth Dies

0:04 – Friday’s jobs data was much worse than the consensus forecast.

0:30 – Gold and silver rallied on the news, with silver trading at a 3-month high on Monday morning.

1:15 – Gold will follow silver’s lead and break out to new highs. Bearish speculators have been keeping the price down, because they believe higher interest rates are coming.

2:00 – Even if the Fed raised interest rates, there is no historical evidence that this would be bearish for gold.

3:00 – Janet Yellen’s rate hike pace would be even slower than the pace Alan Greenspan raised rates, which was very bullish for gold.

4:10 – Friday’s economic data will mark the beginning of the wake up call to gold bears that the Fed is not going to raise rates.

4:52 – Even though QE3 was not bullish for gold, QE4 would be a completely different situation.

5:44 – The dollar is not going to have all the support of emerging market economies like it did during previous rounds of QE.

7:03 – Goldman Sachs is now saying the Fed is more likely to raise rates in 2017.

7:28 – There’s a good chance that Q3 GDP could be negative, which means the United States could easily be in a recession by the end of 2015.

8:08 – The Fed has probably made the same mistake it did before the housing crash, overestimating the strength of the economy just as it was about to slip into a recession.

Peter Schiff : Gold will be many multiples higher once the printing presses stop

Peter Schiff : Gold will be many multiples higher once the printing presses stop Peter Schiff, CEO of Euro Pacific Capital says easing by central banks will push up the price for gold.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Peter Schiff: More Reasons Than Ever to Buy Gold

Investor Peter Schiff remains optimistic about the long-term prospects for gold, despite its recent losses.

Peter Schiff : Gold Can Rally to $5000/oz In 2 Or 3 Years

Gold Can Rally to 5000 Dollars In 2 Or 3 Years says Peter Schiff “Can it get to $5,000 in six months? Probably not. In two to three years it’s more likely. I doubt it will take five years. If it takes that long, it will go higher.” - in MarketWatch
Related ETFs: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV)

Peter Schiff Ultra Bullish on Gold for 2013

Peter Schiff Ultra Bullish on Gold for 2013 : “You’ve got a perfect storm coming in the future,” “Miners aren’t going to be able to produce enough of the stuff, because it costs so much to get it out of the ground.”he told CNBC.

Peter Schiff : Gold The Opportunity of the Decade

Peter Schiff : After spending the previous fall and winter testing new nominal highs above $1,800, future investors may come to view spring and summer 2012 as the opportunity of the decade. Gold has shown its strength and retreated. While most investors will take that as a signal that the market has topped, some will take advantage of the general trepidation to add to their positions at hundreds of dollars off the highs.While I think gold is a bargain at $1,900 considering today's circumstances, the market phobia of a price collapse is allowing us to buy at well under established highs. It's as if you already wanted to go swimming, but you found out when you got there that the pool was heated. - in resourceinvestor

Peter Schiff : The fundamentals have never been better for Gold

The rising dollar has pushed gold back into bear territory. Discussing how to make money now in the precious metal, with Peter Schiff, Euro Pacific Capital, Peter Schiff says that he is more bullish on gold than ever before that the fundamentals look great now after this pull back and that Gold is the best investment in 2012 : "personally I have been buying particularly in the mining stocks which i think have a lot of value. i was very bullish on gold for 2011. this time 2010. and for most of the year we had a very strong market. i didn't anticipate the extent of the decline towards the end of the year, although that makes me even more bullish for the prospects for gold for 2012. i think the fundamentals have never been better for gold and i think prices are going a lot higher" says Peter Schiff "i still think it's headed higher. i'm not really sure when you talk about the turnaround, i don't think that the correction we've had in the last few months has turned the bull trend. i think we're still in a bull market. i think that trend is going to continue. the question is, is the correction over. i don't think there's much more left in the correction, and you guys were talking earlier in the show about shorting the euro. i think that trade is going to reverse. there's too many people short the euro. it's crowded, it's too simple, and i think people are going to lose money in that trade and i think not enough people are in gold." he added " it's under owned. it's probably the most under owned investment asset out there. i have spent a lot of time speaking with institutional investors. we have a new institutional division and we have been talking with a lot of pension funds and hedge funds. it's absolutely shocking how few gold is actually owned in these huge portfolios" Peter Schiff explained

Peter Schiff : our economy grew more on a Gold Standard than since we left it

Peter Schiff : the idea that there is not enough Gold in the world is ludicrous it does not matter how much gold there is , is prices are just going to adjust to the level of gold that exists , money needs to be scarce that's what makes it valuable if it was plentiful if there was all the gold that we needed then it will have no value what makes it rare and valuable is that it's scarce . And if you look at it historically the gold supply increases by one or two percent a year that's it that predictable pretty consistent and it works great , we had the industrial revolution on a gold standard , people always well our economy cannot grow on a gold standard , our economy grew more on a gold standard than since we left it , if you look at the standard of living of the average American from let's say 1800 to 1900 and compare the way the average American lived and the way he lived at the end of that century and then compare that to the changes that are made since we've been on a fiat standard : it 's a much bigger difference , the standard of living rolled out faster and imagine how much wealthy your society will be how much less we would be all working how much prosperity and leisure we would all enjoy if we had continued on the gold standard for the twentieth century , instead we went off it and we sacrificed a lot of economic growth in the process .....- Peter Schiff in a recent Interview

Peter Schiff on the DOW vs Gold Ratio

Peter Schiff : "If you look at the value of U.S. stocks in terms of gold, the Dow peaked in 2000 at about 43 ounces. We're now at barely 7 ounces of gold for the Dow [7 x $1650 = 11,550]. Ultimately, I think we see that ratio come down closer to 1 to 1," he says. That would require either much more Dow decline, a lot more gold gains, or some combination of the two. Just playing with some numbers here, if gold and the Dow Industrials both had 75% respective gains and losses from their current levels (approx. $1650/11,550), we'd be looking at $2887 to reach a 1-to-1 Gold-to-DJIA ratio. You can run your own scenarios, but the mere thought of that is chilling. - in Yahoo Finance





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : Gold is an excellent store of value

Peter Schiff : I have been buying gold for over ten years it has been good for me , people who bought stocks ten years ago have lost money and I think people who are buying bonds are going to lose even more , the rising gold prices are telling us that money is so cheap , interest rates are too low , Ben Bernanke is going to keep printing money that's all he knows to do , people were telling me that gold is in a bubble since it was at $500 , look you do not compare gold to stocks gold is money compare it to the dollar , compare it to the Euro compare it to the Yen , and so if you are going to compare it to other currencies what is more likely to maintain its purchasing power over time ? something that is scarce like gold that has intrinsic value that can't be printed or something with no intrinsic value that has been run off the printing presses like it was going out of style ...people are accumulating gold they use it the things that they need but if you understand money and gold , you save your gold and you spend your paper that's what I am doing that's what my clients are doing we are holding gold and we are spending paper , gold has always been money our founding fathers made it money ....Gold is an excellent store of value , oil is cheaper today than it was 30 or 40 years ago if you are paying for it in gold , it is more expensive if you are paying for it in dollars but not if you got real money

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : Gold is money everything else is a poor substitute

Peter Schiff on RT America 19 Aug 2011 : Gold is a safe heaven treasuries are not , people who buy Treasuries think they are safe heaven they are mistaken and when they will figure it out they will go to gold , Gold is not in any bubble because if this was a bubble or a mania you would expect gold stocks to be outperforming the metal because that's where all the speculative money flows ...there is no floor to the fiat currencies as they keep printing them so there is no ceiling for gold to go to , Gold is like a thermometer on the economy , the yield on treasuries is negative , so how you get safety with a negative yield ? I think the people who are going to lose the most money are the people who are in bonds , people will lose more money in bonds than in stocks ...Gold is the one place there is not a bubble because gold is reflecting the loss of purchasing power of fiat currencies , Gold is not going up it is paper currencies that are losing value ... Gold is money everything else is a poor substitute


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : there is no ceiling to the price of Gold because there is no floor to the dollar

Peter Schiff : ....you just described the meeting that is about to take place with Obama , Geithner and Bernanke , nothing is going to come out that meting but more inflation , so if you own gold now you better hold it , you better have some gold when that meeting comes to a conclusion , there is no ceiling to the price of Gold because there is no floor to the dollar , what is our economic policy ? print money , Gold is not just a commodity it is a monetary metal and the real people are buying real money it is because they are losing faith and rightly so in Fiat money in paper money , it dos not work and you have Ben Bernanke coming out yesterday and saying he is going to keep interest rates at zero for at least another two years , how does he do that ? he has to monetize a lot of government debt , he has to keep printing money that destroys its value and so the people who are smart are moving into gold , the problem is most people have not done it yet , hardly anybody owns gold that's the problem


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : it is not too late to buy Gold

Peter Schiff  : ....ever since it hit 500 people have been asking me that exact same question , and I am going to give you the same answer it is not too late to buy , Gold is going a lot higher the dollar is going to lose a lot more value - in Fox Business News interview 08/08/2011




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : Gold is going higher

Peter Schiff : " Gold is going higher , it had a pull back today , if you price the DOW in terms of Gold yesterday the DOW was worth less than 7.8 ounces of Gold that's the lowest level since the bear market begun in 2000 when the DOW was worth 44 ounces of Gold "
"I think the Deal(about the debt ceiling) is bullish for Gold , contrary to all the scare tactics coming out of Washington , if we have an economic Armageddon which we may be have it is not going to be because we fail to raise the debt ceiling but because we succeed , the best thing for the market and the US economy and the worst thing for Gold is that we do not raise the debt ceiling and get our fiscal house in order right now , if we continue to kick the can down the road and raise the debt ceiling that's bullish for Gold and bearish for the US economy and bearish for the Dollar "

Peter Schiff is telling you truth. If you raise the debt ceiling any more, we are totally screwed. It's VERY obvious and I can't believe people are actually falling for this again. How hard is it to do simple math? Schiff was right about the economic collapse, housing bubble, and other problems within the market when most of the fools out there were saying "everything is fine, the market is great".


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Numismatic vs Bullion Gold coins Explained by Peter Schiff

Peter Schiff : ...I do not even know why would people double in Numismatics , It is totally different than buying Gold , buying numismatic has as much in common with buying Gold as collecting stamps , or buying works of art or buying rare Samurai swords or baseball cards , it is about collectors market it is about buying something that's rare and that people desire for its rarity not for the fact that it got metal , ...if you wanna be a collector and if you enjoy I mean there is certain enjoyment that people can get out of owning rare coins and displaying rare coins and talking to their friends about them , you can get some type of enjoyment from rare coins that may be you can't get from bullion , but you have to understand that those are not the coins that you buy and try to sell in few years and make a profit these are the coins that you wanna hold , if you do it right you may get the right coins the problem is most of the rare coins , collector coins that are being marketed through the major coin firms are not rare at all , they posses no collectors value whatsoever the problem is the buyer does not know that , he is told that they have some kind of special value but the only special value they have is through the firms that are selling them because they mark them up a massive amount , typically now in the industry the mark ups are 50 to a 100 percent so if you buy some of these coins marked up a 100 percent the market needs to double , the price of gold might have to double before you can sell them and get your money back that you put in , and most people do not realise that this is not going to happen ....




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff Gold could reach $10000

Peter Schiff : "The Dollar has no floor , so the Gold has no ceiling " , Peter Schiff said , he predicts $5000 an ounce gold in the next decade but it could happen really earlier he said in a recent interview , but the possibility of a 5 digit gold in the order of $10000 is also possible as there is no floor for the dollar to fall into so there is really no ceilling for the Gold to go up to , Gold could go to the infinity measured in dollar terms

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : The Gold Standard for a sound economy

Peter Schiff  : Gold is worth its intrinsic value it has unique and special properties that other metals do not have , you comparing Gold to paper , what is the federal reserve note worth what a piece of paper that is printed by the US government what is that worth ?!?!? I mean you cannot use it for anything it is just paper but it already has been written on , I mean it is not soft enough to use as toilet tissue , what you gonna do with it ?!?!?!" Peter Schiff of Euro Pacific Capital believes that the Gold standard could happen even sooner than a five years from now , and the reason for that is we have a dollar crisis we have a currency crisis that brings on an even worse financial crisis and I think that currency crisis is coming soon it is going to send the dollar plunging consumer prices and interest rates surging and we gonna be in a much deeper recession and the only way to have a real economy a sound economy is to discipline the government to prevent them from deficit spending and the only way to do that is with the Gold Standard says Peter Schiff



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : Good time to buy Physical Silver

Peter Schiff : ...Silver has pulled back from a high of almost 50 dollars an ounce to about 32 , 33 right now we are about 34 , yeah I think there is a lot of support at 30 I am not sure that we are going to get as low as 30 , I think if we did got at 30 it will be an even better buying opportunity but we might not even go that low , I think we had a nice pull back from almost 50 to where we are today so if you had been thinking about adding to your silver position my opinion will be it's a good time to do it , is there a risk , yes , can I be wrong , sure , could silver go a lot low in the short run , hey anything is possible , I do not think it is probable but it is possible , but so do not do it on leverage do not buy options but physical silver that you are buying to hold in case the dollar collapses yeah , I think this recent pull back is a buying opportunity " Peter Schiff was answering a question from a listener to his radio program the Schiff Radio...

Peter Schiff Ultra Bullish on Silver

Economist Peter Schiff of Europac on CNBC 31 March 2011 answering questions about the Silver Supercycle and where he sees the prices of silver going after silver rose 22% in a quarter while gold remained basically stable...Peter Schiff : I have been riding this bull (Silver Bull) since 1999/2000 ...Silver  kind of has the best of both Worlds because it is an industrial metal and also a precious metal , so if you think the economy is growing you can buy silver and if you are afraid of inflation you can buy silver , it kind of has that element going for it ....the silver price is rising for the same reason that oil price is rising or agricultural commodities are rising , paper money is losing value , it is losing value because central banks are printing too much of it , that's not going to stop , look at the news you got today , you got higher than expected inflation coming out of Europe , you got the CEO of Walmart basically warning Americans to brace themselves for serious inflation he is looking for cross the board broad based increases starting in June