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.

Personal Finance: Keep Little Cash

If you are a 30 year old guy, I would not have any more than 6 months to a year`s worth of expenses in cash. I would make sure I had a little cash to cover my rent or my mortgage, if you have a mortgage but I would keep very little in the way of cash because it`s going to lose value.

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 Would Be A Bearish Case For Gold

If the Federal Reserve actually did the right thing, for a change, which I do not think it`s going to happen, if they stopped the QE, if they started to unwind their balance sheet, if they started to raise interest rates and let the stock market tank, let the real estate market go down, let the natural recession run its course, force the U.S. government to dramatically cut spending and restore fiscal balance for the U.S. economy to allow a legitimate recovery to ever take place, then I would get bearish on gold.

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: Largest Producer Of Gold

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 A Lot Higher Than 1900 Dollars An Ounce

Gold is going a lot higher than 1900 dollars an ounce. That was just the most recent high. But this bull market has been going on for a long time and it has got a long way to run thanks to the policies that we are persuing here in the United States. Now that we have Janet Yellen as the Federal Reserve Chairman, I think she will be even more bullish for gold than Bernanke and Greenspan.

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

Market Outlook: U.S. Economy, Federal Reserve & Gold

Related ETFs: 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.

U.S. Economy: Outlook For 2014

If the Federal Reserve continues with its taper timetable we will be back in recession. Now, I don`t believe they will continue, I think they will come back with more stimulus which might technically and statistically keep the economy out of a recession. But in reality, I think we are in a depression. I don`t think the U.S. Economy is growing at 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.

The Real Unemployment Picture

The official unemployment figures are meaningless because there would not be such a big concern if the unemployment rate was really 6.7 percent. Because that does not tell the whole story. So many people have just given up looking for work, they are so discouraged by the poor labor prospects that they are no longer being captured by the statistics or they are working part-time but they really want full-time 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.

Bad Economic Data Coming To The Surface

The reason interest rates have fallen somewhat on the long bond over the past few months is because a lot of bad economic data has now come to the surface. I was expecting all of this bad data because I was saying for months and months as the Federal Reserve first began talking about tapering, that if they actually did it, they would have to undo it because the minute they tapered the market would start to go down (stock market and real estate market), the economy would start slipping back into recession and the Federal Reserve would be forced to have to reverse their position which is what 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.

Interest Rates Will Skyrocket After The U.S. Dollar Collapses

When I talk about interest rates skyrocketing, that is what is going to happen after the dollar collapses. But before the dollar collapses, the Federal Reserve is going to print dollars to buy bonds to prevent interest rates from rising.

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 The Biggest Bubble Ever

We have the biggest bubble ever blown right now because we have a simultaneous bubble in the stock market , in the real estate market and in the bond market. We have the stock market bubble of the 1990`s, the real estate bubble of the 2000`s and at the bond bubble on top of it. The Federal Reserve knows the bubble is too big 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.

Gold Short-Sellers Are Getting Nervous

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: Waiting For An Excuse To Call Off The Taper

In her prepared testimony she did stress her commitment to continue to follow through with the taper timetable that was established by Ben Bernanke. Of course, she did qualify that by repeating that it is data dependent, meaning that if the data changes, the Federal Reserve will change as well. I think the Federal Reserve knows the data is going to change, they are just waiting for the excuse to do what they are intending anyway which is to call off the taper and ultimately reverse it by increasing the amount of monthly QE, not diminishing 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.

Gold: Most Selling Is Coming From The Short-Sellers

In my estimate, the main selling in the gold market is coming from the short-sellers who are selling gold they do not even own. I believe most of the speculative longs have long since left the market, they were flushed out in the second half of 2013. I think all you have now is short-sellers and ultimately they are going to be forced to buy back that gold, I believe, at much higher prices.

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 Leading The Way But Wall Street Is Still Skeptical

The gold market is actually leading the way. In fact, thus far in 2014 gold prices are up around 7 percent while the stock market is lower.We are off the lows of the year but still in negative territory.

While gold is up 7 percent, gold stocks are up around 20 percent. But Wall Street is still extremely skeptical of the gold rally. Everybody expects that this rally is a head-fake, that is going to reverse and that gold is still headed much lower for 2014.

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 Is Fixated On This Story

This is all wishful thinking. This is all living in a delusion. Wall Street continues to be fixated on this story of a robust economic recovery that just does not exist.

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: Market Update (U.S. Economy, Janet Yellen and Gold)

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: Taper Will Not Be Continued As "Planned"

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