The Bullish Case For Gold

All the things that are happening around the world are fundamentally bullish for Gold even though the price of Gold is not rising to reflect that.

The bullish case for Gold beneath the surface continues to strengthen and at some point the speculative forces that are restraining Gold, the money that is moving into the U.S. Dollar (because the safe haven money still regards the U.S. Dollar as a safe haven) even though I believe it is riskier than most of the currencies that are under pressure) at some point they will not be able to contain.

It is like a cork that is being held underwater and eventually you take your hand off, the pressure is there and it just going to pop up. The same thing is going to happen to Gold.

Related ETF: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)

Related Stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG)

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: What Happens To The Euro If Greece Leaves

Topics: 

- What will happen to Greece if they leave the Euro and go back to the Drachma.
- The Euro Currency (EUR) reaction/ outlook: it is still trading above this year`s low around 1.05

Related stock: National Bank Of Greece (NBG)

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

Greece: There Will Be Austerity Regardless

Related trading instruments: National Bank of Greece (NBG), Euro Currency Futures, EURUSD forex cross;

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

Any Idiot Can Redistribute Wealth

Any idiot can redistribute wealth. The hard part is to create wealth in the first place. And the redistributors just get in the way of wealth creation.

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

Greece Is Broke, They Are Not Going To Pay The Money Back

It cannot work. You have to admit the obvious, that Greece is broke and trying to come up with ways to pretend that they are going to pay the money back is not going to work. They should never have bailed them out the first time.

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: Damned If They Do, Damned If They Don`t

We are damned if they do raise rates and damned if they don`t. If they do raise interest rates they prick the bubble that they have inflated. Because we have so much debt, the only reason the bubble has not already bursted is because rates are still at zero. So, if they move them back up to 2 or 3 percent, which is still historically very low, given how much debt we have, it is impossible to sustain it.

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

United States: If Interest Rates Go Up...

If interest rates go up, we are Greece, we are Porto Rico.

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: Discussing The Greek Collapse

Related trading instruments: National Bank Of Greece (NBG), EuroStoxx 50 Index, Dax Index;

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 Is Better For Greece

In an ideal world it might be better for Greece to leave the Eurozone. If they wanted to set themselves up as some kind of limited government tax heaven, some kind of bastion of free market capitalism in Europe. Then Greece would come back strong. But given the electorate there and the way the political winds are blowing, if they were to leave the Eurozone they would be even more to the left. They would be even more to the left. They would be even more socialist. But the problem is socialism only works in Greece as long as you have Germany`s money.

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: Greece Is Just A Sideshow

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: Governments Want To Inflate

Related trading instruments: 10-Year Treasuries, Gold Futures, SPDR Gold Trust ETF (GLD), U.S. Dollar;

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: The Day Of Reckoning Is Near

Topics: Greek crisis, savings, debt, malinvestment, stock market;

"Eventually the markets will rule (...) there will be a day of reckoning."

A must watch interview from Ron Paul.

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 U.S. Will Be In Another Recession Before The End Of The Year

Marc Faber shares the view that the Federal Reserve is not going to raise interest rates at all and that the U.S. Economy will be in another recession before the end of this year.

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: If They Raise Rates They Will Prick The Bubble

What the Federal Reserve is trying to accomplish is to pretend that its monetary policy has worked and that we have a legitimate recovery so they can actually raise interest rates when i fact they can`t do that because we do not have a real recovery. They have inflated a gigantic bubble and if they raise interest rates they will prick that bubble.

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

Yellen: I Need To See Further Improvements Before Raising Rates

Yellen said, I need to see further improvements in the labor market before we begin to raise interest rates. Before we begin the first interest rate hike. In order for that to happen Janet Yellen is going to have to see more improvement in the labor market. If she really was planning on raising rates in September, that is in 3 months, how much improvement in the labor market does Janet Yellen really believe is going to occur in the next 3 months? I can`t imagine very much.

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

Yellen: If The Economy Is Not As Strong As We Think...

Janet Yellen said in the Q&A that if the economy is not as strong as we think, then the interest rate hikes will have to come later, and they will have to be even less than we planned.

Related ETFs: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)

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

Entrepreneurship Is At Generational Lows Right Now

Entrepreneurship is at generational lows right now in the United States. Yes, you hear the stories of somebody that starts a social media company and becomes a billionaire but those are the rare exceptions. Most young people can`t afford to start businesses because they are loaded up with college debt.

Related stocks: Facebook (FB), Twitter (TWTR), LinkedIn Corp (LNKD)

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 Just Made The U.S. Dollar Even Less Desirable

As if the U.S. Dollar did not have enough trouble, the government just made the U.S. Dollar even less desirable by increasing the regulatory burden on everybody around the world that makes transactions in U.S. Dollars. FATCA, the Patriot Act and all those anti money laundering laws, it is very difficult now globally to bank and transact in U.S. Dollars.

Related trading instruments: EURUSD forex cross, USDJPY forex cross, AUDUSD forex cross, GBPUSD forex cross;

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

Consumer Comfort Index Is Making A Record-Breaking Losing Streak

Bloomberg`s Consumer Comfort Index fell to its lowest level since November, extending its record-breaking losing streak to nine consecutive weeks!

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)

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. Economy: Plunging Profits, Productivity & Rising Labor Costs

If you have plunging corporate profits, you have plunging productivity, surging labor costs, what would a rational person believe is likely to follow, layoffs! It has to happen.

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 Market Outlook

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

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. Economy: A Declining Productivity Is Not A Good Sign

One of the worst pieces of news that came out was the revision to the first quarter productivity. It declined by 3.1%. That is a big drop. Remember this are back to back declines because we also had a decline in the forth quarter of last year. That has not happened since 2006!

Related Exchange Traded Funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)

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

More Economic Data Pointing To A Recession

April Factory Orders: They fell by more than expected, 0.4 percent, year-over-year (YoY) orders are now down 6.4 percent and this the sixth consecutive month that Factory Orders have been down year-over-year (YoY). That has only happened in America during a recession.

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

Jobs Report, Economic Weakness & Interest Rate Hikes

Everybody is focusing on this great jobs report. Again, it is the jobs report that is the outlier. It is all the other economic data that shows just how weak the economy is. And the jobs report is only the outlier if you accept it on face value. Once you scratch beneath the surface, you realize just how weak the American labor market is and that is consistent with all the other economic data.

Despite that, everybody is saying, "Oh, this means we are going to get interest rate hikes, maybe June is back on the table." There is no way June is on the table. But now they are saying, "Oh, maybe it is going to be September."

Look, even the IMF came out this week and urged the U.S. Government (for the wrong reasons) but the IMF said, "Don`t raise rates until 2016."

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

QE Is Like Putting Out A Fire With Gasoline

Quantitative Easing (QE) is like putting out a fire with gasoline. You cannot put the fire out, you just make it bigger. The problem is when all you have is gasoline, that is all you can do.

The Keynesians do not understand their own remedy is the reason the patient is so sick and they get to administrating it.

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 Fed Will Not Raise Rates, No Matter What

The bottom line is, does not matter where the unemployment rate goes, does not matter how high the inflation rate goes, they can never raise interest rates without precipitating a worse financial crisis than the one we had in 2008.

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 Lot Of Economic Indicators Are Showing That The Economy Has Already Rolled Over

The air is coming out of the bubble because the Federal Reserve halted or paused their quantitative easing program. Most think they have ended it but I think it is just paused because now everybody expects the Federal Reserve to raise interest rates because they think the recovery finally has enough traction that it no longer needs the emergency life support of zero percent interest rates yet a lot of economic indicators are showing that the economy has already rolled over and is rapidly headed back to recession.

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: Bluffing About Raising Rates

They should be raising interest rates but they will not be doing that. They are just bluffing about interest rate hikes because they want to pretend that the economy is actually strong enough to absorb higher interest rates. But the economy is a gigantic bubble and if the Federal Reserve raises interest rates, they are going to prick it.

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

America & Japan: The Central Banks Are Making The Same Mistakes

The central banks are making the same mistakes in both nations (U.S. and Japan), they are printing too much money.

A lack of inflation is not a problem. That is a good thing. Deliberately trying to create inflation, that is one of the reasons that consumers can`t spend because things are too expensive. If you want your consumers to spend, lower prices and then they will spend.

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

China: Long Term Buyer Of Chinese Stocks

I am a long term buyer of chinese stocks. We buy a lot of Chinese names through Hong Kong as well. I think that is where you want to be as a long term investor. There is a lot of wealth being created in China.

Are there problems? Sure. The problem is that their currency is pegged to the U.S. Dollar and as a result to maintain that peg the Central Bank of China does a lot of foolish things. But I think the Federal Reserve is doing even more foolish things and ultimately the fundamentals in China are much better than they are 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.

Shanghai Composite: Nothing Goes Up In A Straight Line

Look at how much the market (Shanghai Composite) rose in such a short period of time. Nothing goes up in a straight line. Obviously you are going to get volatility and you are going to get market corrections. But long term I remain very constructive on both the economy and the stock market in China.

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

Foreign Stock Markets: My Favorites

My point is, in order to save the stock market, they sacrifice the U.S. Dollar. That is the real concern investors need to have. Not just the U.S. stock market going down but the dollar and the way to protect yourself from that is to invest in countries against which the U.S. Dollar will be falling. So, we are buying stocks in markets like New Zealand, Singapore, Hong Kong, certain emerging markets, Australia and Canada.

There are parts of Europe that I like, Switzerland, parts of Scandinavia.

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

How To Use Your Overpriced Dollars

There are a lot of currencies that have gone way down because speculators have bet that the Federal Reserve will raise interest rates and this has suppressed the value of these currencies.

So, rather than taking a vacation in these countries to take advantage of a cheap hotel room, use your overpriced U.S. Dollars to make some strategic investments in their stock markets.

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

Investing: International Diversification

I think there is a whole world out there, in particular certain countries that do not have anywhere near the enormity of the problems that the United States does. In fact, if I were as convinced as everybody else that the Federal Reserve was actually going to raise rates sometime this year, I would be even more negative on the U.S. stock market than I am now.

Because I think the Federal Reserve is going to rescue the stock market with QE 4 but when do do that they sacrifice the U.S. Dollar.

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 Economy is Slowing Down And Inflation Is Picking Up

So again, here we have horrible economic data, data so bad that we have to go all the way back to the Great Recession to find data that is comparable and inflation is getting worse. The inflation is picking up despite the fact that the economy is slowing down and somehow this is supposed to be good news? Somehow we are supposed to look at this as victory for the Federal Reserve, that we are now now moving into stagflation?

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. Economy: More Bad News, Philly Fed Just Off A 15-Month Low

We went down again to 6.70 for the Philly Fed Index, we are just off a 15-month low in that index and we have now missed expectations five out of the last 6 months that number has come in below estimates.

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

This Is Stagflation

The fact that inflation is heating up just as the economy is cooling down should not be a positive sign. I mean, this is stagflation. Why would they be happy about that? Because all the economic data has been soft and now we have higher 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.

Federal Reserve: Raising Interest Rates Is The Last Thing They Want To Do

They do not want to admit that raising interest rates is impossible without pricking the bubble that that they do not want to admit that exists. So, the last thing they really want to do is to raise interest rates.

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

Yellen: What She Really Said About Interest Rates

Janet Yellen said that higher rates would be appropriate later this year, she did not say when, she did not say June, she just said later this year, provided that the economy continues to improve along the lines that the Federal Reserve expects. Now, exactly what those lines are, we do not know because the Federal Reserve does not want to tell us because they do not want to put themselves in a corner where they actually have to raise rates.

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: Higher Prices, Higher Minimum Wages

Inflation is the business the Federal Reserve is in. It creates inflation, it has been creating it for years and it manifests itself in many different ways: higher prices being one of them. Wages are simply a price of labor. But what is happening through out the country is this push for the minimum wage increase. Look at what is happening in Los Angeles, they just increased their minimum wage to 15 dollars which is going to be phased in over the next 5 years, which will delay the damage somewhat.

But while this is going to be problematic for businesses it is going to be a much bigger problem for all the workers in Los Angeles who cannot get jobs because what the law does is, it says that if you have minimum skills and if you cannot convince an employer to pay you 15 dollars an hour, it is illegal for you to work, so many people will not get jobs.

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

Wal-Mart (WMT): A Bad Quarter And It Probably Get Worse

One of the bigger signs that the economy is weakening came from Wal-Mart (WMT), which came out with their earnings on Tuesday and way below estimates. Not only were their profits down but their revenues were down. A really bad quarterly report. The stock was down 4 or 5 percent and it is now down 16 percent from its record high printed in January when everybody was so optimistic about this recovery and everybody thought that consumers were going to take their windfall from cheap gasoline prices and spend it on Wal-Mart (WMT).

Well, it did not happen. Wal-Mart (WMT) had a very, very bad quarter and it is probably only going to get worse for Wal-Mart (WMT) particularly now that they are raising their wages and so you are going to have rising costs as well as slowing revenues.

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 U.S. Economy Is Addicted To Zero Percent Interest Rates

We have had zero percent interest rates for 6 years. We are addicted to zero percent. We can`t handle even 2 percent even though that is historically low, that is not low enough for the addiction that we have.

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

If The Fed Raises Rates, We Will Have A Worse Financial Crisis Than In 2008

An interest rate hike is not coming into play, actually it has never been on the table. Again, this is all part of the posturing from the Federal Reserve. If they can`t come out and tell the truth, that it is impossible to raise interest rates because then we would be back in recession. In fact, we would have a worse financial crisis than in 2008.

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

Yellen Does Not Want The Stock Market To Go Down

People have been reaching for yield in years thanks to the Federal Reserve. Janet Yellen said that stocks are not necessarily overvalued relative to bonds yields. But if the Federal Reserve is going to be raising interest rates, bond yields are going to be rising and then the stock market will have to come down. So, that is why I think the Federal Reserve is not going to raise rates.

I do not think that Yellen wants the stock market to go down because this phony economic recovery is based on asset bubbles and the Federal Reserve is not going to intentionally prick those bubbles.

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

Industrial Production: Worst Losing Streak Since 2009

In the Industrial Production (April), this is now the fifth consecutive monthly decline in Industrial Production. This is the longest losing streak that we have had in that data point since 2009. So again, here is another time where you have to go back to the Great Recession to find economic numbers as bad as the ones we are getting right now, supposedly on the doorstep of a Federal Reserve interest rate hike.

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

Is The Stock Market Embracing Bad Economic News?

The markets continue to ignore or maybe they are embracing all the bad economic data that keeps coming out. The S&P 500 Index closed the week at a new all-time high, the Dow Jones Industrials Index just barely off a record high. While the stock market continues to rally, the dollar continues to fall.

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. Economy: An Official Recession For The First Half of 2015?

What is more likely to happen is that we get a negative number again for Q2. We can have the second quarter GDP actually contract. And if we get a contraction in the second quarter which follows a contraction in the first quarter, that is an official recession. That would mean the U.S. Economy is in recession for the first half of 2015. If that is the case and that may very well be the case, how is the Federal Reserve going to raise interest rates?

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

More Economic Bad News

Another week, another round of bad economic news. Maybe Wall Street is finally starting to pay attention but I am still not sure the message has sunk in.

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

Retail Sales: Another Big Economic Disappointment

April Retail Sales have missed estimates in four out of the last five monthly reports. The year over year rise of just 0.9 percent was the weakest report since November of 2009.

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 The Federal Reserve Is Afraid Of

The reality is, the economy is weakening and is weakening rapidly. The markets, the pundits, the economist and the Federal Reserve do not want to acknowledge the obvious because they are afraid of the way the markets might react to it.

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