They are not going to raise rates at all. They are going to do more QE.
They are going to finally raise rates but not because they want to, but because the market gives them no choice, because the dollar is in free fall and inflation is accelerating and the Fed is back into the wall and they have no choice but to raise interest rates and bring about a financial crisis of an order of magnitude greater than 2008.
Related: 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.
Nov 23, 2014
QE: Once You Start, You Cannot Stop
They never should have started it. Once you start, you cannot end it unless you are willing to face the consequences. And the consequences are QE exacerbated all the problems that the Federal Reserve was supposedly trying to solve. So, the minute you stop QE, you have to prepare for the consequences.
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF)
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 ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 22, 2014
When Yellen Joins The Party, Gold Will Skyrocket
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.
Nov 21, 2014
Gold Will Rise Faster Than It Fell
I think that when this decline is over, it has been 2 or 3 years since gold hit its high around 1900, I think it is actually going to rise faster than it fell. Normally, markets take the stairs up and the elevator down. I think that gold is going to take a rocket ship back up.
Because I think when ultimately people who have been shorting gold and selling gold realize that they got it wrong and they want to buy it back, it is just not there. I think all the real gold, that was dumped out of the ETF, I think it is sitting in vaults in Russia, in China, and it is not going to see the light of day again.
Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), 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.
Because I think when ultimately people who have been shorting gold and selling gold realize that they got it wrong and they want to buy it back, it is just not there. I think all the real gold, that was dumped out of the ETF, I think it is sitting in vaults in Russia, in China, and it is not going to see the light of day again.
Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), 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.
Nov 20, 2014
Gold Outlook: ECB Purchases, Russia Buying & U.S. Recession
Related stocks and exchange traded funds: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), 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.
Federal Reserve: The Only Problem They Can Solve
Related trading instruments: 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.
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