Friday, February 28, 2014

Joe Rogan Experience #445 - Peter Schiff

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

- Source, Joe Rogan Experience:

Wednesday, February 26, 2014

The Fed is Trapped in a Vicious Cycle of Easy Money

Peter Schiff has a warning for gold investors: Don't fear the Fed.

"Gold has already priced in whatever taper is coming," Schiff, CEO and chief global strategist of Euro Pacific Capital, told CNBC. "If anything, it has overpriced it."

Gold is slightly lower Tuesday on the heels of a stronger dollar and a report from Jon Hilsenrath of The Wall Street Journal suggesting that the Fed will continue to reduce—or taper—its bond-purchasing program when it meets next week. The prospect of a Fed exit has terrified gold bugs and led to bullion's worst annual performance in 2013 since the end of the Clinton administration.

But those fears are misplaced, according to Schiff. As he sees it, the Fed has no viable exit strategy, and once the market realizes that, gold could become the hottest trade of the year.

"If the Fed starts tapering, the whole economy will tank," Schiff said on "Futures Now." "Stocks will suffer, the dollar will collapse, and all the Fed's stimulative programs ... since 2008 will have been for nothing. That's why they have to keep printing money. They can't stop. And eventually, that will make gold a very attractive investment."

In other words, the Fed is trapped in a vicious cycle of easy money, unable to fully revive the economy yet hesitant to end the very programs that it hoped would do just that.

Of course, Schiff has made similar claims in the past two years, none of which have worked out particularly well. And he remains noncommittal about the exact timing of gold's possible accent.

But gold remains his top investment choice, Schiff said, adding, "It's a no-brainer."

—By CNBC's Maxwell Meyers.

Monday, February 24, 2014

The Fed is trapped; buy gold now, Peter Schiff says

Euro Pacific Capital's Peter Schiff says the gold market has overpriced the taper and that we are set for a strong rally. With CNBC's Dominic Chu and the "Futures Now" traders.

- Source, CNBC:

Saturday, February 22, 2014

There is Only One Place to Hide from the Money Printing and That's Gold

Peter Schiff has a prediction, and it has to do with the Federal Reserve, inflation and gold.

The CEO of Euro Pacific Capital and a famous fan of gold, Schiff predicts that it will skyrocket once the Fed reverses the process of tapering quantitative easing and instead chooses to stimulate further so as to improve the economy.

"At some point, gold's going to go straight up like a moonshot," Schiff said on Tuesday's edition of "Futures Now." "Maybe it's going to take Janet Yellen to come out and call off the taper. Or maybe she's going to have to say, 'We're doing more of it, we're going to start increasing it.' I don't know what that magic moment is going to be."

His call on gold was a good one for several years, before it staged a reversal while Schiff kept his opinion on the metal static. But he blames 2013's 30 percent decline on investors' inability to see the truth he perceives clearly. Because as the Fed buys assets more quickly (the opposite of what the central bank said it plans to do), the inflation Schiff has long called for will finally be created, leading gold to soar.

"For some people, they need a proverbial safe to fall on their head," he said. "But at some point, people are going to figure out what's going on. By the time the crowd figures it out, it's going to be very expensive to buy gold."
Yet when asked how gold would act over the course of 2014, Schiff demurred.

"I don't know where it's going to be at the end of the year," he admitted. "My guess is that it's going to be higher. I think it could be much higher."

After all, Schiff said, once the new Fed chair turns out to be "an even bigger money printer than Ben Bernanke, who was an even bigger money printer than Alan Greenspan," the consequent inflation will spike gold prices, as the reduced value of each dollar makes each troy ounce of gold much more expensive in dollar terms.

"This is what's coming," he predicted. "And when everybody figures it out, there's only one place to hide—and that's gold."

- Source, CNBC:

Thursday, February 20, 2014

Peter Schiff - Prepare for a Gold Moonshot

Peter Schiff of Euro Pacific Capital thinks gold will be the only place left to hide, with CNBC's Jackie DeAngelis and the "Futures Now" traders.

- Source, CNBC:

Monday, February 10, 2014

A Fed Induced Phony Recovery is Bullish For Gold

Peter Schiff appears on Fox Business where the host tries to throw egg in Peter's face. The host fails to note that Peter was right the previous 12 years.

Thursday, February 6, 2014

The Fed knows this bubble is too Big to Pop

Peter Schiff appears on Fox Business where he talks about how the stock market is getting into bubble territory. Also, he talks about the recent FED announcement to taper.

Tuesday, February 4, 2014

A Politically Correct Santa Clause

Political correctness finally comes to town for Christmas. Many now regard a white Santa Clause as being racist. We have a black president so we need a black Santa Clause. Though some might argue that Barack Obama is like a black Santa Clause, so we don't really need two of them. Of course, the main difference between the "real" Santa Clause and President Obama is that the real Santa doesn't steal the stuff he gives away!

- Source, Schiff Radio:

Sunday, February 2, 2014

Unbelievable Liberal Reaction to Walmart Minimum Wage Video

The reaction from the left to my recent Walmart video does more to expose liberal intolerance and hypocrisy than my video itself. It's actually so bad that no explanation can come close to doing it justice. In this video I claim that I never received hate mail before. I should have said that I never received true hate mail. I have received emails over the years from people who disagree with me, often expressing their opinions in non cordial ways. But I never received anything like what I am getting now! Go to my Facebook page and read the horrible comments for yourself.