Why Is The Market So Scared?

A possibility of an interest rate hike? All these guys (Federal Reserve Governors) say is "We do not rule out the possibility. Well, a possibility is not a probability and it is certainly not a certainty. But the market is acting as if the Federal Reserve is about to raise interest rates and that is why everybody is so scared. (SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), 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.

The Best Interest Rates For The Economy

What is good for the economy is not low interest rates or high interest rates but interest rates that reflect the free market, the true savings and borrowing needs of the economy, the time preferences of savers and investors. You need a market rate of interest.

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: ISM Manufacturing Index Indicates Contraction

We got the ISM Manufacturing number. The prior month we had a bounce backhand everyone was excited about that, up at 52.60. Now the index collapsed to 49.40. That is a horrible number. Anything below 50 indicates contraction.  (Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

Markets: The Fed Is The Only Game In Town

In many cases it does not really matter what the economic data is what matters is what the Federal Reserve says relative to the data. (Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), 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.

Federal Reserve: The Hawks Are Extinct

When it comes to the Federal Reserve the hawks are extinct. They are all doves of varying degrees.

** Hawk is the term used to describe a fed member who places keeping inflation low as the top priority in monetary policy and has the tendency to be prone to have a high level of interest rates. A monetary dove gives more emphasis to low unemployment, over low inflation thus it tends to prefer low 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.

Potential For A Big Reversal in Gold Stocks (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Gold stocks were down another 5 percent but they are still way up on the year but we have seen a significant correction on the speculation that the Federal Reserve might raise interest rates, of course they might not.

We are going to have a jobs report on Friday and if it is really a weak report, all the rate hikes are completely off the table once again. So there is potential for a huge reversal if we get a really weak jobs number. (Newmont Mining (NEM), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), 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.

Markets: The Interest Rate Cycle

Wether or not the Federal Reserve raises interest rates is irrelevant. What is far more relevant is that the rate hiking cycle is either already over or close to an end. It is nowhere near the magnitude that was originally believed by everybody.

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: Yellen On Future Asset Purchases

When she talked about future asset purchases programs like another round of quantitative easing, although she did not use the word QE, she talked just about asset purchases, she did suggest that they should expand that beyond U.S. Treasuries and mortgage backed securities that they used the last time and that should have been a very, very negative sign for the U.S. Dollar and positive for gold that he Federal Reserve is now thinking of broadening what it purchases to maybe corporate bonds or muni bonds or maybe they want to buy stocks.

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 Is Not Really Considering A Rate Hike

I do not think the Federal Reserve is seriously considering an interest rate hike. They do not want to admit that they are not because they want to keep up the pretense that the economy is strong enough for a hike without actually delivering one. (SPDR S&P 500 Index ETF (SPY), 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.

Markets: Gold Is Going Up, The U.S. Dollar Is Going Down

Even if the Federal Reserve raised interest rates all the way up to 1 percent, that is still not enough to hurt gold and still not enough to help the U.S. Dollar.

So, when are people going to figure out that it does not even matter what the Federal Reserve does because either way the U.S. Dollar is going down and gold is going to go up regardless of the fact that we may have another interest rate hike or even two hikes. This is the end of the tightening cycle. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

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: Gold, Gold Stocks & Emerging Markets

I think the Federal Reserve is getting ready to cut interest rates again, launch QE4 and the markets are just starting to figure this out, at least figuring out that the Federal Reserve is not going to raise interest rates.

Now the markets are pricing out all the interest rate hikes that were priced in. That is great for gold, for gold stocks, it is great for emerging markets. (SPDR Gold Trust ETF (GLD), Market Vectors Junior Gold Miners ETF (GDXJ), Market Vectors Gold Miners ETF (GDX), iShares MSCI Emerging Markets Index ETF (EEM))

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: Get Out Of The U.S. Dollar As Quickly As You Can

My advice is, pay attention to what the Federal Reserve has just said, pay attention to what they are about to do and do something about it. That means getting out of the U.S. Dollar and get into gold and silver as quickly as you can.

Because if I am right and this policy does become official Fed policy next year, the U.S. Dollar is about to fall through the floor and gold is about to explode through the roof. (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.

The Federal Reserve Wants More Inflation

The Federal Reserve wants more inflation. And what the Federal Reserve is saying is because they do not have room to lower interest rates very much because they are already practically at zero, the way to lower interest rates is to have more inflation so that we have lower real interest rates.

Related stocks and exchange traded funds: Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), 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.

The Federal Reserve Will Go All-In

What the Federal Reserve is about to do will have the effect of basically putting the final nail in the economic coffin of the United States. The Federal Reserve is about to go all in on the failed policies of the past. They have completely misdiagnosed this disease.

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

Traders Are No Longer Buying What The Federal Reserve Is Selling

Traders are no longer buying what the Federal Reserve is selling. Because even though the Federal Reserve is talking about raising interest rates, the U.S. Dollar went down and Gold went up. People are paying more attention to what the Federal Reserve is actually doing rather than what they they are pretending they are 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.

Bitcoin Is Just Too Volatile To Be Money

Bitcoin is just too volatile to be money. At best it is just an asset, a speculative asset. It does have liquidity similar to money, you can exchange it.

Ultimately though the value of a Bitcoin may prove to be zero because it does not have any value if people do not want to use it as a medium of exchange or store of value because there is no real value there to store.

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

Good News Is Bad News When It Comes To The Stock Market

Good news is bad news when it comes to the stock market because the only thing propping up the stock market is cheap money and in order to keep the cheap money flowing the economic news has to be bad.

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 Rallies Will Not Be Sustainable

We can get rallies in the stock market but they are not going to be sustainable because the Federal Reserve is going to have to join this party. The Fed will need to come to the aid of the markets with new stimulus. Just delaying the rate hike is not going to do it. They actually need to deliver more stimulus, the Federal Reserve has to be in the game, the Fed has to join the other central banks in providing fresh stimulus. They have to cut interest rates, they have to go back to Quantitative Easing (QE). And until they acknowledge that the markets are never going to be able to make 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.

The U.S. Economy Is Not Getting Better, It Is Getting Worse

The economy is not getting better, it is getting worse. We are in a recession or about to enter one and the economic data continues to prove that. (iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY), 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.

The Stock Market Has Not Been Going Up For The Past Year

The stock market and the economy are very different animals. A recession refers to economic activity or economic growth it does not matter what happens to the stock market.

Now, the stock market has not been going up for the past year and in fact if you look at the average stock, the average stock has been falling for two, two and a half years. In fact, I think better than 50 percent of all stocks in the S&P 500 Index are now down more than 20 percent from their peaks.

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. Elections & The Stock Market

Everybody likes to say "the markets hate uncertainty". What the markets like less than uncertainty is certainty when certain is bad and there is a lot of bad policy that is coming and that is a certainty. I also think we are back in 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.

We Have A Bubble Economy That Needs Zero Or Even Negative Interest Rates

The economy never covered it actually got sicker thanks to the Federal Reserve which is the reason why the Fed cannot raise interest rates, the reason why when they tried to raise rates it was a complete failure!

Because it is the cheap money the only thing that is keeping this bubble economy going. We do not have a legitimate recovery that can withstand higher interest rates. We have a bubble that needs zero percent interest rates or even negative rates at this point and more QE.

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 Cannot Raise Interest Rates

The Federal Reserve cannot raise interest rates but cannot admit that. So it pretends that if inflation picked up they would do something about it but they will do nothing about it. It does not matter how high inflation goes, 2.5 percent, 3 percent, 4 percent , 5 percent...it does not matter.They Federal Reserve will stay at zero or practically at zero. They will not try to reign it in because if they tried they would cause a worse financial crisis than 2008. (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.

Gold Is Going To Move Into Much Higher Territory

Gold is not only going to re-test the highs from 2011 when it was close to 1900 but its going to surpass those highs and move into much higher territory. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Newmont Mining (NEM), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), 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.

Stocks, Gold & The Value Of Money

Stocks are not going up, the value of money is going down and gold proves that. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

Any Meaningful Increase In Interest Rates Would Bankrupt The Country

We have so much debt in the United States particularly at the Government and the Fed itself and the debt is of so short term nature at the Federal level that any meaningful increase in interest rates would bankrupt the country.

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 Bullish Sign For Gold

If something does not go down on bad news, that is very bullish. The jobs report was bad news for gold and it rallied anyway. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), 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.

The U.S. Dollar Is Going To Fall Hard

The Dollar has already rallied for years based on a lie and a false understanding of the true state of the U.S. Economy and the direction of U.S. monetary policy.

The Dollar did not rally as a result of Brexit and the next thing it is going to happen is that it is going to fall, it is going to fall hard.

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 Strongest Currency On The Planet

The strongest currency on the planet is the Japanese Yen (JPY) which continues to rise every day. The only currency rising faster than the yen is gold or silver that is rising even faster than gold. (iShares Silver ETF (SLV), 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.

Bond Market : The Biggest Bubble Ever

This is a gigantic bubble. And again it is not just in the United States. I mean, Europe has a huge bubble, they have negative yields all over Europe on these bonds. So, from Japan to Europe, to the U.S. this is the biggest bubble ever, the bond market bubble and it is going to pop.

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 Very Powerful Rally

This is a very, very powerful rally. Gold stocks finished again at 3 year highs. The Market Vectors Gold Miners ETF (GDX) was up about 5 percent on the day.

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.

Precious Metals: Silver And Gold Are Prepared To Move A Lot Higher

We now have confirmation from both metals (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)) that the markets are prepared to move a lot higher.

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 Are Not Expensive At All

They are not expensive at all. I think they are still cheap despite the fact that many of the gold stocks are now at multiyear highs as gold hits another 52 week high. I think relative to where they have been in the past and where they are going, you can still buy these stocks, I think they have a long way to run.

Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Eldorado Gold Corp (USA)(EGO), Gold Fields Limited (ADR) (GFI)

Related Exchange Traded Funds: Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)

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

Switzerland Is The Strongest Economy In Europe

They talk about making Britain more like Switzerland. That would be a great thing. Switzerland is not in the EU and they have the strongest economy in Europe. So you do not have to be in the European Union to have a strong economy, in fact a lot of the countries in Europe are struggling because of the burden of regulation coming out of Brussels. (FTSE 100 Index, SMI Swiss Market 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.

The Markets Are Way Overreacting

I think the markets are way overreacting to what the implications are for the U.K. to leave the European Union. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Euro Currency Futures, EuroStoxx 50 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.

Yellen Is Still Pretending

Janet Yellen is still pretending the Federal Reserve will eventually allow its balance sheet to shrink. It will not shrink, it will explode to new highs!

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 Gold Trade

Somehow a lot of people jump to the conclusion that the gold trade is an uncertainty trade, a political chaos trade but that is not really what is going on here. The price of gold is not going up because of what is going on in Europe. It is going up because of what is happening in the United States, more specifically in Washington and even more specifically at the Federal Reserve.

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 British Referendum

I think gold (SPDR Gold Trust ETF (GLD)) is going to go up regardless of the way the British vote. I think they should vote to leave but wether they stay or wether they go its not going to influence my decision wether or not I want to own gold. (Market Vectors Junior Gold Miners ETF (GDXJ), 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.

The Next Crisis Will Be A Dollar Crisis

We are not prepared for what is about to happen which again will be much worse than the 2008 financial crisis. It is going to be a dollar crisis, it is going ultimately to be a sovereign debt crisis and it is going to bring this bubble economy to its knees. (iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY), 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.

European Banks: Trading Lower Than They Were At The 2009 Lows

The European banks are lower than they were at their 2009 post Lehman financial crisis low. That is a huge decline in those European banks. They got negative rates over there. This is another example of what happens when you go to bed with the devil.

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 Markets Are Rolling Over

The markets are rolling over. look at the financials! The European banks, most of these banks are now  not only at 52 week lows, they are at the lowest they have been as far as my charts go back.

Stocks: Bank of America (BAC), citigroup (C), J.P. Morgan (JPM), Deutsche Bank AG (USA)(NYSE:DB), Credit Suisse Group AG (ADR) (NYSE:CS), Barclays PLC (ADR) (NYSE:BCS), Banco Santander, S.A. (ADR) (NYSE:SAN)

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: U.S. Dollar, Emerging Markets

Once the Federal Reserve has to admit that we are in a recession, what are they going to do? They are going to cut interest rates, start printing up a lot of money, the U.S. Dollar tanks, commodity prices are going to rise and all of a sudden a lot of the emerging markets are going to be in better shape, a lot of the countries that were hurt by a strong U.S. Dollar and by the fear of higher Fed rates, those economies are going to take off. (iShares MSCI Emerging Markets Index ETF (EEM))

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 Trade Is Just Getting Started

This trade is just getting started because the U.S. Dollar is falling and gold is rising when people still expect the Federal Reserve to raise interest rates. Imagine what is going to happen when they expect them to cut. (Newmont Mining (NEM), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), SPDR Gold Trust ETF (GLD), 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.

We Are Going Into A Currency Crisis

It is going to be awful. Do you remember the financial crisis of 2008? You think that was bad? This is going to be worse. But it will not necessarily be concentrated in the stock market. I think that the Government, the Federal Reserve, their main goal is to make sure that the stock market does not collapse again, to make sure that the real estate market does not collapse again. And they may succeed but only by sacrificing the U.S. Dollar.

We are going into a currency crisis and this crisis will be much bigger than the financial crisis. The impact it is going to have on the average American, on their standard of living is going to be much more pronounced. (iShares Dow Jones US Real Estate (ETF) (IYR), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

Crude Oil Prices Close Above 50 Dollars A Barrel

Oil prices closed above 50 dollars a barrel for the first time in a year, since last summer, June or July. This is not good news for the American consumer but its not just gasoline prices that are going higher, a lot of prices are going up.

Related ETFs: Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures

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

There Is A Bubble In Sovereign Bonds

The reason people are buying European bonds at negative yields its because its a bubble.

During the real estate bubble investors were buying investment properties that had negative cash flows. Meaning that the rents collected were not enough to cover the cost of owning the property. Now, why were they doing that? Its because they believed that the price of the real estate would go up despite the fact that it had a negative cash flow. They thought that there would be a greater fool who would pay an even higher price and endure an even bigger negative cash flow. So it was the greater fool theory.

That is what is going on now with European sovereign bonds trading at negative rates of interest except the greater fool is the European Central Bank (ECB). People are buying these bonds not because they are dumb enough to hold them to maturity. Nobody going to hold a negative yielding bond to maturity, you are guaranteed to lose money.

People were buying these bonds to sell, they think they will find a greater fool willing to pay an even higher price and get an even more negative yield. That fool is the ECB with their bond buying program and they will buy these bonds regardless of price. This is a gigantic 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.

Why The Fed Will Not Raise Interest Rates

The reason why the Fed will not let interest rates go up is because if they let interest rates go up, we cannot afford to pay the interest on our debt and we would have to default. To avoid the embarassment of a default they keep interest rates artificially low. But I think its better to be honest and default than going through a currency crisis that we are heading to.

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 Am Not Short U.S. Treasuries

I am not short U.S. Treasuries but I am short the U.S. Dollar. I am long foreign assets, I am long foreign stocks, I am long gold stocks. Look how much gold stocks are up this year. (Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), iShares MSCI Emerging Markets Index ETF (EEM))

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 Have To Go Back To Zero Interest Rates

When the Federal Reserve has to go back to zero interest rates, when they have to launch QE (quantitative easing program), when they maybe have to go negative interest rates, people will realize that none of this worked!

Exchange traded funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), 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.

America Is More Bankrupted Than Puerto Rico

Its all about perception. Puerto Rico is broke, we all know that. But it was broke 2 years ago, it was broke 3 years ago. Why did not anybody care? Creditors kept lending the money even though they were broke. Well, eventually people wake up and they realize that a debtor is broke. America is more bankrupted than Puerto Rico, our creditors have not figured out yet. We might not default but we will print.

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