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.