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.
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