Economic Weakness & The Weather Excuse

The news is bad. It`s not because of the cold weather, it`s because of the chill in the economy that is only going to get worse. The economic data is going to get colder and colder and it does not matter what happens to the weather.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Oil & Gas Portfolios

You compare the dividend yields, the interest income that you get on bonds, compared to the cash flows that you can get on oil and gas investments. You get much more income on those portfolios and I think personally it is better because you have the inflation hedge, even though you have more volatility, you trade the volatility.

What is the dollar going to be worth in the next 5 or 10 years? I have no idea. Maybe its going to be worth anything. But I am very confident that oil will have value. The world is not going to stop using oil, as much as these environmentalists in their fantasies want to see the entire planet powered by wind or by solar. It will not happen. I mean, maybe in 100 years but it is not going to happen in the next 5 or 10 years.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

U.S. Banks: Not Enough Stress in The Tests

There is not enough stress in these tests because they don`t test what is really going to go on. Nobody tests a weak economy and a big spike in interest rates at the same time. The Federal Reserve always assumes that if the economy is weak, interest rates are going to be low and the only way they assume rate hikes is if its a vibrant economy which lifts asset values and makes it easier for people to repay their debts. But they don`t have a stress test that stresses a big drop in the stock market and the real estate market and in the bond market. That we have a repeat of the stagflation of the 1970`s. That is what I think its coming, except even worse than in the 1970`s.

Related stocks: Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), J.P. Morgan (JPM)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Bullish On Energy Investing

I am a big believer in energy investing and we own a lot of oil companies around the world and we are actually investing privately here in the United States.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Markets: I Think They Have Already Peaked

The bubbles are already there, the only question is are they going to get any bigger or are they already in the process of deflating? I believe that if the Federal Reserve continues tapering they are already deflating. I do not think it is going to be like in 2004 to 2006 where the markets kept going higher while the Federal Reserve was raising interest rates very slowly.

I think that if the Federal Reserve continues on this taper path and if the Fed raises interest rates I think the markets are just going down. I think they have already peaked.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Crude Oil Is Going to 150-200 Dollars

I think you are going to see 150 to 200 dollars oil, maybe even this year. Certainly by 2015, 2016. I think that if we successfully alienate  Russia and we see more Russian oil going to China, meaning that Europe and the U.S. will become even more reliant on the unstable supplies coming out of the middle east as we drive all this Russian oil into China.

Russia is the biggest oil exporter. They export more oil than Saudi Arabia. Prices are going to go even higher for us and so domestic oil in the U.S. is going to be a lot more valuable.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Major Bubbles In Stocks And In Real Estate

The bubbles that we have now in stocks and in real estate are already bigger than they were at their peaks in 1999 or 2006 and the Federal Reserve has not even started to take away the punch bowl yet. That is how enormous these bubbles are. That is the scale, that is the magnitude of what we are dealing with.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: Paycheck Fairness?

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

A Tapering Pause Will Rally Gold

I think the minute they pause, you will have a 50 dollar rally, or maybe a 100 dollar increase in the price of gold. That is going to be a game changer. Once they announce a pause people are going to connect the dots.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Federal Reserve Is Basing Its Assumptions On A Robust Recovery

The Federal Reserve is basing its assumptions on a robust recovery which we both agree its not going to take place. I think that if the Federal Reserve were actually to follow through with the tightening that it has telegraphed, we would be in a recession. And of course, what does the Federal Reserve do in a recession? It prints money and lowers rates. So, its impossible for the Federal Reserve to do what it has claimed its going to do.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Debating Gold & Inflation with Mark Dow

Related: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Interest Rates Are Too Low

One of the problems that we have in America is that interest rates are too low. We don`t save enough, we spend too much, we borrow too much, we don`t produce enough so we have these huge external imbalances where we have to borrow from the rest of the world because we do not save ourselves.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Facebook (FB): Zuckerberg`s Private Equity Fund

If you're investing in Facebook (NYSE:FB), you're basically investing in Mark Zuckerberg's private equity fund.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Obamacare: It`s A Lousy Deal

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Federal Reserve: They Are Not Going To Raise Rates

All this talk about how much time is it going to be between the end of QE and the first rate hike, it`s a waste of time. They are not going to end QE, they are not going to raise interest rates because it`s all based on the Fed`s rosy assessment of the U.S. Economy and they are wrong.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: The U.S. Economy Is All Screwed Up

How The Federal Reserve Will Read Inflation

Janet Yellen herself admitted in the Q&A that if inflation got above 2 percent, if it happened with a weak economy or high unemployment that the Federal Reserve would be willing to tolerate higher inflation in order to stimulate the economy. I have always maintained that, in fact I believe that when the official inflation numbers are north of 2 percent, when of course unofficially inflation is already running hotter than that number, but when the numbers finally get there, I expect the Federal Reserve to make all sorts of excuses. They will blame it on the weather, they will blame it on speculators, they will say its transient, they will say its OK, they will say inflation was so low for so long, it`s OK if its higher now because its all going to average out. There`s no way the Federal Reserve is going to raise interest rates because of higher inflation until its really catastrophic.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Interest Rate Hikes: Moving The Goal Posts

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Not a Lot Of Upside In Stocks

I don`t think there`s a lot more upside in the stock market. I am not looking for a collapse but what I am looking for is a dollar collapse. Even if the market continues to move higher, it is nominal highs only, it is not real highs adjusted for the loss of purchasing power.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold: Sentiment Still Favors Higher Prices

I still think the sentiment is quite negative on gold. Maybe not as negative as it was but very few people believe in this rally. I hear a lot more people saying that you should short it, if you have profits  you should take them. So I think the sentiment still favors higher gold prices. But the fundamentals have favored higher gold prices all along.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

A Declining Living Standard In America

In order to have the same after tax income as the average guy did in 1947 you would have to earn at least 140,000 dollars a year today. Instead the average non farm worker is getting 43,000 USD a year. So 43,000 dollars a year in 2013 versus 140,000 dollars a year in 1947.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold, Federal Reserve, Bubble Economy

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: The Gold Rally

Related ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: America`s Housing Market

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold: The Price Is Low and Rising

Now with the price of gold low and rising, this is a great time to buy. Gold has been probably the best performing asset class in 2014 but you would not know it reading the headlines or listening to the various pundits. They just want to talk about the stock market. They are ignoring the action in the gold market mainly because everybody is very skeptical of this rally, everybody is waiting for the rally to fade. I don`t think it will. I think it is a bull market, it is climbing a wall of worry and I think the highest it climbs the more people are going to worry.

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: Gold, Tax Season & IRAs

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: The Day Of Reckoning Is Relatively Close

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold Companies: China Should Buy Them

Why does`t a country like China with trillions in reserves, given how inexpensive the major gold companies are, I mean, they are trading at such discounts to their book value, China can buy every gold miner in the world for just a few billion dollars. They can buy all the gold mines and then they would own all the gold on the ground. They could 100 percent of their production to their own vaults.

Why don`t they buy Barrick Gold (ABX), Goldcorp (GG), Newmont Mining (NEM), just buy them all?

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold: The Conventional Wisdom

It`s a foregone conclusion now that gold is going lower. Everybody knows it is going down, and anytime it goes up, nobody cares, they just dismiss the rallies because they say, "Well, its not going to last, gold is going to go down, because all the problems have been solved, the U.S. economy is booming, the Federal Reserve is going to be able to get rid of QE, no problem, they are going to be able to unwind their balance sheet, no big deal, everything is going to go back to normal, inflation is dead, so gold is going back to 600, 700 dollars an ounce."

So, this is basically what everybody believes.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Massive Debt Monetization Coming

What is amazing is that the price of gold is not reacting not only to the inflation that has already taken place but also to all the inflation that we know is baked into the cake because we have all these governments with massive amounts of debt, no chance of ever repaying it. The only thing they can do is monetize it. So there`s massive debt monetization and inflation on the horizon that should be factored into the price of gold right now.

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Goldcorp (GG)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Inflation Is Taking Its Toll On The Mining Industry

"Inflation is really taking its toll on the mining industry because it has increased the cost of mining but because everybody is convinced by the government that there is no inflation, the price of gold has not risen as much as it should have given how much inflation has already taken place.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: Lighting The Path To Liberty

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Government Is Lying About Inflation

I think that if the government accurately measured inflation that 2013 would have been a deeper economic contraction than 2012. I think we have been in recession the whole time. I just think it does not look like a recession because the government is lying about inflation.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Average People Are Concerned About Inflation

When they poll people, average people and ask then, "What is your biggest problem?" The number one answer, the number one response is the rising cost of living. So average people are concerned about inflation.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold: Mispricing The Asset

People were buying internet stocks at crazy valuations just before the crash, people were buying condos in Vegas. They are doing the same thing in reverse when it comes to gold. It is the same lack of understanding of the fundamentals that is causing a mispricing of the asset.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Real Value Of Gold (video)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

What Motivates Individuals To Own Gold

What motivates individuals to own gold rather than Euros, or Dollars, or Pounds or Yen is inflation. Is the idea that the value of the fiat currency is going to decline over time and that the interest rate that you are earning is not enough to offset the loss of purchasing power through inflation.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold Stocks & Gold Price

The gold stocks are a reflection of the future price of gold. But not of what the future price of gold actually is going to be because nobody knows that. It is a reflection of what people buying gold stocks believe the future price of gold is going to be. So, there are a lot of people that expect that the price of gold is going to collapse in the future even though it has not collapsed yet. In fact, even though it is rising in 2014, the expectation the rise will not last, that gold is going to roll over and collapse and that expectation of a future collapse of the price of gold is built into the price of gold stocks. But the problem is, the people that are expecting lower gold prices are probably wrong.

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Negative Press On Gold

There`s a lot of negative press on gold. All the articles that I read despite the strength in gold, they were negative. Here are some examples: Forbes had an article, I am going to read the headline,

"Gold at highest levels since November, but could it plunge as low as 1,000?"

So they are not talking about if it`s going to continue but that if it`s about to plunge.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Stock Market: Heads We Win, Tails We Win

As far as I can tell, the stock market does not even care what the data is. All news is good news. Good news is good news and bad news is good news. Good news is good news because it means the economy is recovering, which means corporate earnings will improve and that justifies a rising stock market. Of course if the news is bad that means that the Federal Reserve is going to taper the taper, we are going to get more QE, more cheap money and that is good for stocks. So, heads we win, tails, we win. It does not matter what the news is, everybody is embracing it as being good.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Stock Market: All Is Good News

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.