Aug 23, 2015
Podcast: Why Is The Stock Market Going Down
With extremely high valuations, a slowing economy, earnings going down and the Federal Reserve threatening to raise interest rates, why would`t the market trade down?
Tickers: Nasdaq 100, S&P 500 Index, U.S. 10 year Treasuries
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Are We Going To Have An Even Bigger Market Drop On Monday?
This ell-off could precipitate an even bigger market drop on Monday as this pattern is similar to the one on October`s 1987 crash.
Tickers: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), Facebook (FB), Tesla (TSLA), Apple (AAPL), Netflix (NFLX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
One Third Of S&P 500 Stocks Are Already in Bear Market Territory
Peter Schiff comments the ongoing sell-off on the U.S. stock market.
Tickers: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 21, 2015
The Stock Market Will Just Keep Falling Until...
The stock market will just keep falling until the Federal Reserve comes out and says, "We are not going to raise interest rates."
Trading tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Netflix (NFLX), PaloAlto Networks (PANW), citigroup (C), Bank of America (BAC), Facebook (FB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Podcast: Getting Ready For A Recession
Tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 20, 2015
Gold: Have We Seen The Low For This Cycle?
There is strong evidence that Gold has made the low for this cycle.
Tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), 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.
Podcast: China, U.S. Economy & Market Crisis
Peter Schiff explains why the Chinese economy is far more powerful and dynamic than the U.S. Economy and why we may be on the verge of a new financial crisis.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 19, 2015
Podcast: QE4 Will Sink The U.S. Dollar
Peter Schiff explains that QE4 will probably be the catalyst that will sink 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.
Podcast: The Next Recession
As the next recession is about to hit the U.S. Economy how will the Federal Reserve be able to ever raise interest rates?
Tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA), 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.
Aug 18, 2015
Get Out Of The U.S. Dollar, Buy Foreign Assets
Peter Schiff on how to take advantage of the recent U.S. Dollar strength.
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 Is Buying Gold On Weakness
China is taking advantage of the recent weakness in gold to buy more.
Trading: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Trading: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
On The Verge Of A Financial Crisis
We are on the verge of a new financial crisis worse than 2008 and it will take the form of a currency crisis.
Tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), 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.
Aug 17, 2015
China: The Economy Is Not Failing
The Chinese economy is not failing, it is in better shape than the U.S. 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.
Aug 15, 2015
The U.S. Bubble Is Set To Burst
Peter Schiff explains the full ramifications of the recent Yuan devaluation. One of them is that the U.S. Dollar bubble is set to burst.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 13, 2015
Podcast: China, U.S. Treasuries and Gold
Peter Schiff explains why China may keep reducing its holdings of U.S. Treasuries and why they are secretly buying Gold.
Tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 12, 2015
The U.S. Dollar Is The Mother Of All Asset Bubbles
Ultimately when the U.S. Dollar really goes into free fall and the Federal Reserve is forced to do something about it, that is when all the other bubbles are going to prick. When the Federal Reserve is finally forced 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.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 11, 2015
Video: Markets Are Going To Be Under Pressure
Tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)
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: Major Topping Pattern
Peter Schiff explains why he is seeing a major topping pattern in the U.S. stock market.
Trading tickers: Tesla (TSLA), Disney (DIS)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 10, 2015
Story Stocks Are Performing The Best
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 Yellen Going To Raise Rates?
If Janet Yellen is true to her words and she says she is data dependent, well based on all of the data, she is not going to raise interest rates. The only way she is going to raise rates is if she ignores the data and raises them anyway.
Trading tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Trading tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 7, 2015
Federal Reserve: Preventing Real Economic Growth
Peter Schiff explains why the Federal Reserve is preventing real economic growth in the U.S. Economy and why it is responsible for the misallocation of assets that is cause asset bubbles in stocks, real estate and bonds.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 5, 2015
Gold: Speculation & Physical Demand
There is a dichotomy between the speculation in gold and the demand for gold in the physical market.
Trading tickers: 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.
The Stock Market Looks Very Toppy
The U.S. Economy is slowing down even more than China`s economy and the stock market in the U.S. is looking very toppy.
Trading tickers: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), Apple (AAPL)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 3, 2015
U.S. Economy: Slowest Growth Of The Entire Recovery
The U.S. Economy is now showing the slowest growth rate of the entire so-called economic recovery.
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 & Wall Street Are Too Optimistic About The U.S. Economy
Peter Schiff explains why the Federal Reserve and Wall Street are way too optimistic on the U.S. economic growth.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 30, 2015
The U.S. Dollar Is The Mother Of All Bubbles
Peter Schiff is currently seeing asset bubbles in stocks, bonds, real estate and in 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.
Jul 29, 2015
An Asset Bubble So Big That The Fed Cannot Raise Rates
Peter Schiff explains why the Federal Reserve is so reluctant to raise interest rates even by 0.25%.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 28, 2015
Where Is The Economic Recovery? All Indicators Are Pointing Lower!
Peter Schiff gives his current assessment of the strength of the U.S. 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.
Another Indication Of Economic Weakness
Peter Schiff explains why the earnings miss at Capital One (ONE) may be indicative of a weakening U.S. 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.
Capital One (ONE): Signs Of A Weaker Economy?
The Dow Jones Industrials just had its worst week since January. We closed the week at 17,568, down 518 points on the week. Friday`s drop alone accounted for 163 points.
An interesting corporate earnings news item that came out on Friday was Capital One (COF). They are one of the nation`s largest issuers of credit cards. And if the U.S. Economy was really doing as well as everybody pretends it is you would expect credit cards companies to be doing well because people have jobs, the economy is growing so the users are not falling behind on their credit cards. In fact they would be using more their credit cards to buy more things because they feel better about the economy, they are willing to spend more. So everything should be going well at Capital One (COF). Instead they came out with a huge earnings miss, the shares plunged by 12 percent!
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
An interesting corporate earnings news item that came out on Friday was Capital One (COF). They are one of the nation`s largest issuers of credit cards. And if the U.S. Economy was really doing as well as everybody pretends it is you would expect credit cards companies to be doing well because people have jobs, the economy is growing so the users are not falling behind on their credit cards. In fact they would be using more their credit cards to buy more things because they feel better about the economy, they are willing to spend more. So everything should be going well at Capital One (COF). Instead they came out with a huge earnings miss, the shares plunged by 12 percent!
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 24, 2015
We Have A Bubble Not A Recovery
Wall Street is assuming we are having a legitimate economic recovery. What we have is a bubble.
Trading tickers: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Podcast: Gold, Currencies & The U.S. Stock Market
Peter Schiff explains why he thinks the U.S. Stock market is dangerous now than it was in 2000 and why you should prefer Gold to other fiat currencies like the U.S. Dollar, the Japanese Yen or the Euro Currency.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 23, 2015
Podcast: When Will Gold Take Off?
Peter Schiff explains on under which conditions in the future will gold explode higher.
Trading Tickers:
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. Stocks Are Very Expensive
I do think U.S. stocks are very expensive and in fact it does remind me of the 1990`s bubble. And what is happening right now with gold reminds me of what was happening during the dot com bubble.
Remember we had a vicious bear market in Gold from 1996 to 2000. and it was the opposite of the New Economy. Everybody had faith in Alan Greenspan, the Maestro, they believed in the new era and gold got crushed, gold stock got crushed. The Wall Street Journal came out with an article, or the New York Times, "Who needs gold when you have Alan Greenspan?"
Well, we know how badly it ended. Everybody needed Gold, then Gold was up 650 percent in the next 12 years. So I think people are making the same mistake now.
Trading tickers: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), 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.
Remember we had a vicious bear market in Gold from 1996 to 2000. and it was the opposite of the New Economy. Everybody had faith in Alan Greenspan, the Maestro, they believed in the new era and gold got crushed, gold stock got crushed. The Wall Street Journal came out with an article, or the New York Times, "Who needs gold when you have Alan Greenspan?"
Well, we know how badly it ended. Everybody needed Gold, then Gold was up 650 percent in the next 12 years. So I think people are making the same mistake now.
Trading tickers: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), 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.
Jul 22, 2015
This Is a Bigger Bubble Than The DotCom Bubble
This is a bigger bubble than the DotCom bubble.
Trading Tickers: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Wall Street Thinks There Are No Reasons To Own Gold
Wall Street thinks there are no reasons to own Gold. They are wrong.
Trading tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), 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.
Why Does China Want To Get The Price Of Gold Down?
Why does China want to get the price of Gold down? Because they want to buy more!
Trading tickers: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), 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.
Jul 21, 2015
Video: Gold`s Sudden Drop Explained
Trading tickers: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Impossible To Raise Interest Rates Without Hurting The Economy
Think about this, if Janet Yellen is saying, we are only going to raise interest rates if we can do it without hurting the economy, then she is admitting that they are never going to raise interest rates because it is impossible to raise interest rates without hurting the economy. Especially given how long they have been at zero.
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.
Jul 20, 2015
Canadian Dollar: Why Is It Falling?
The reality is interest rates in the United States are still below interest rates in Canada and I think they will remain below interest rates in Canada for 2016 as well.
Meanwhile, yes, they have reduced their forecasts for growth in Canada but it may well be that Canadian growth even though its slower it could still outgrow the United States in 2015.
So, why is the Canadian Dollar is getting hammered? Because Canada is easing, they cut interest rates and the Federal Reserve is perceived to be tightening even though they haven`t tightened at all, even though monetary policy in America is easier than it is in Canada yet somehow the Federal Reserve is getting credit for being tight.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Meanwhile, yes, they have reduced their forecasts for growth in Canada but it may well be that Canadian growth even though its slower it could still outgrow the United States in 2015.
So, why is the Canadian Dollar is getting hammered? Because Canada is easing, they cut interest rates and the Federal Reserve is perceived to be tightening even though they haven`t tightened at all, even though monetary policy in America is easier than it is in Canada yet somehow the Federal Reserve is getting credit for being tight.
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 Going Up Will Result In A Financial Crisis
You have a bunch of people who believe that a bubble is a recovery. The same people that did not know about the dot com bubble in the 1990`s or the real estate bubble. They believe that what the Federal Reserve has inflated is a legitimate recovery. It is not.
Interest rates going up will result in a worse financial crisis than 2008. It should be obvious but for most people it is not.
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 going up will result in a worse financial crisis than 2008. It should be obvious but for most people it is not.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 18, 2015
Markets: Gold, Interest Rates
Trading tickers: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), 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.
Jul 17, 2015
Video: Germany Sends A Message To Other Countries
Trading ticks: National Bank of Greece (NBG), Euro Currency Futures, EuroStoxx 50 Index, Dax 30 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.
Jul 15, 2015
China: Their Biggest Problem
The real fundamentals of the Chinese economy are much sounder than it is generally perceived.
Are there problems? Yes.
What is the cause of these problems? Their monetary policy. That is the biggest problem. It is too loose, their interest rates are too low, they are printing too much money.
Why are they doing that? Because they are trying to maintain their peg to the U.S. Dollar, they are trying to keep their currency down and when you do that you get bubbles. You get people looking for alternatives because they can`t get enough interest on their savings so they chase the real estate market, they chase the stock market, this is happening in China too.
But beneath the these bubbles is a legitimate economy that is producing, that is growing. You have savings, you have investment, you have real legitimate economic growth - something that is missing 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.
Are there problems? Yes.
What is the cause of these problems? Their monetary policy. That is the biggest problem. It is too loose, their interest rates are too low, they are printing too much money.
Why are they doing that? Because they are trying to maintain their peg to the U.S. Dollar, they are trying to keep their currency down and when you do that you get bubbles. You get people looking for alternatives because they can`t get enough interest on their savings so they chase the real estate market, they chase the stock market, this is happening in China too.
But beneath the these bubbles is a legitimate economy that is producing, that is growing. You have savings, you have investment, you have real legitimate economic growth - something that is missing 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.
Jul 14, 2015
China: Putting The Stock Market Decline Into Perspective
You have to put this decline into perspective. Because even though the market is down better than 30 percent in a short period of time, the Chinese market is still positive on the calendar year. The U.S. Market is down. The Chinese market is up.
Related trading tickers: SPDR S&P 500 Index ETF (SPY), iShares FTSE/Xinhua China 25 Index ETF (FXI)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading tickers: SPDR S&P 500 Index ETF (SPY), iShares FTSE/Xinhua China 25 Index ETF (FXI)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 13, 2015
The Strength In The Euro Will Continue
Regardless of how this works, either Greece leaves the Eurozone or caves into the demands and stays in the Eurozone but accepts the austerity that is bullish for the Euro.
Either way, either you get rid of the weakest link or you male the weakest link stronger. But either way the chain gets stronger.
The worst thing for the Euro currency was to cave into the Greek`s demands because you were so afraid of Greece leaving. That did not happen. So I think this strength in the Euro currency (EURUSD) is going to continue.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Either way, either you get rid of the weakest link or you male the weakest link stronger. But either way the chain gets stronger.
The worst thing for the Euro currency was to cave into the Greek`s demands because you were so afraid of Greece leaving. That did not happen. So I think this strength in the Euro currency (EURUSD) is going to continue.
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: Yellen`s Speech & Interest Rates Outlook
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 10, 2015
We Will Need Another Injection Of QE To Keep The Bubble From Deflating
The markets have not come to terms with this reality, yet. But eventually they will figure out that this is all talk, that the Federal Reserve cannot raise rates because we are too addicted to the cheap money. We will have to have another injection of QE to keep the bubble from deflating and when that happens the bottom will drop out of the 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.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Has The U.S. Dollar Peaked?
The U.S. Dollar has had a very significant rise over the last couple of years, although it has not been rising since March. It kind of peaked out in March. But the basis of the Dollar rally was the false confidence in the U.S. Economy and the generally held view that the Federal Reserve was going to start raising interest rates and shrinking down its balance sheet because it had fixed all the problems.
The reality is they did not fix the problems, they made them all worse and so now they can`t shrink its balance sheet, it can`t raise interest rates without precipitating a worse financial crisis than 2008. The markets haven`t come to terms with this reality.
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 reality is they did not fix the problems, they made them all worse and so now they can`t shrink its balance sheet, it can`t raise interest rates without precipitating a worse financial crisis than 2008. The markets haven`t come to terms with this reality.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 9, 2015
Gold: We Are At These Levels Where you Get The Buyers
I think we are at these levels where you get the buyers, the real long term buyers who are not buying Gold for a trade, they are buying Gold because they want to own it.
They are buying Gold because they really understand that the Dollar is at risk, the fiat system is at risk and they need to buy real gold.
Related ETF: 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.
They are buying Gold because they really understand that the Dollar is at risk, the fiat system is at risk and they need to buy real gold.
Related ETF: 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.
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