Peter Schiff : Gold is the Last Haven Standing

Peter Schiff : “Fortunately, gold doesn't have a central bank, so it can rise as fast as the dollar falls …That is why gold is doing so phenomenally well, and why it should continue to do so.” - in www.advisorone.com

Peter Schiff on the DOW vs Gold Ratio

Peter Schiff : "If you look at the value of U.S. stocks in terms of gold, the Dow peaked in 2000 at about 43 ounces. We're now at barely 7 ounces of gold for the Dow [7 x $1650 = 11,550]. Ultimately, I think we see that ratio come down closer to 1 to 1," he says. That would require either much more Dow decline, a lot more gold gains, or some combination of the two. Just playing with some numbers here, if gold and the Dow Industrials both had 75% respective gains and losses from their current levels (approx. $1650/11,550), we'd be looking at $2887 to reach a 1-to-1 Gold-to-DJIA ratio. You can run your own scenarios, but the mere thought of that is chilling. - in Yahoo Finance





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : Gold is an excellent store of value

Peter Schiff : I have been buying gold for over ten years it has been good for me , people who bought stocks ten years ago have lost money and I think people who are buying bonds are going to lose even more , the rising gold prices are telling us that money is so cheap , interest rates are too low , Ben Bernanke is going to keep printing money that's all he knows to do , people were telling me that gold is in a bubble since it was at $500 , look you do not compare gold to stocks gold is money compare it to the dollar , compare it to the Euro compare it to the Yen , and so if you are going to compare it to other currencies what is more likely to maintain its purchasing power over time ? something that is scarce like gold that has intrinsic value that can't be printed or something with no intrinsic value that has been run off the printing presses like it was going out of style ...people are accumulating gold they use it the things that they need but if you understand money and gold , you save your gold and you spend your paper that's what I am doing that's what my clients are doing we are holding gold and we are spending paper , gold has always been money our founding fathers made it money ....Gold is an excellent store of value , oil is cheaper today than it was 30 or 40 years ago if you are paying for it in gold , it is more expensive if you are paying for it in dollars but not if you got real money

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : Gold is money everything else is a poor substitute

Peter Schiff on RT America 19 Aug 2011 : Gold is a safe heaven treasuries are not , people who buy Treasuries think they are safe heaven they are mistaken and when they will figure it out they will go to gold , Gold is not in any bubble because if this was a bubble or a mania you would expect gold stocks to be outperforming the metal because that's where all the speculative money flows ...there is no floor to the fiat currencies as they keep printing them so there is no ceiling for gold to go to , Gold is like a thermometer on the economy , the yield on treasuries is negative , so how you get safety with a negative yield ? I think the people who are going to lose the most money are the people who are in bonds , people will lose more money in bonds than in stocks ...Gold is the one place there is not a bubble because gold is reflecting the loss of purchasing power of fiat currencies , Gold is not going up it is paper currencies that are losing value ... Gold is money everything else is a poor substitute


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : Silver has the best of both worlds

Peter Schiff : silver is up nine consecutive years I have been riding this bull since 1999 - 2000 , silver is kind the best of both worlds because it is an industrial metal and it is also a precious metal , so if you think the economy is growing you can buy silver and if you are afraid of inflation you can buy silver , it kind of has that element going for it , silver prices are rising for the same reason that oil prices are rising agricultural commodities , paper money is just losing value , it is losing value because central banks are printing too much of it , that's not going to stop

Peter Schiff : A Silver Breakout is Coming!

Gold and Silver mining stocks have yet to complete a breakout which means you might still find some great discounts inside these sectors while not having to chase.In March .. fireworks begin with JPM loosing a lot of money shorting paper silver. Can't wait for that auspicious month The "Almighty" Petro-dollar is History! Silver is A SkyRocket set for Launch They can't manipulate it forever! Let's call SILVER and GOLD: "monetary commodities". And silver is a rather "complex commodity" as I like to call it due to it's dual interest both as an investment and an industrial metal. The price of silver once it passes $50.00US here in the short term will now begin to gain some incredible momentum and occasional wild volatility as investors pile into the metal. Priced for inflation the $50 high (January 1980) equates to more like $138 in todays money. The trend is UP!

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Peter Schiff : there is no ceiling to the price of Gold because there is no floor to the dollar

Peter Schiff : ....you just described the meeting that is about to take place with Obama , Geithner and Bernanke , nothing is going to come out that meting but more inflation , so if you own gold now you better hold it , you better have some gold when that meeting comes to a conclusion , there is no ceiling to the price of Gold because there is no floor to the dollar , what is our economic policy ? print money , Gold is not just a commodity it is a monetary metal and the real people are buying real money it is because they are losing faith and rightly so in Fiat money in paper money , it dos not work and you have Ben Bernanke coming out yesterday and saying he is going to keep interest rates at zero for at least another two years , how does he do that ? he has to monetize a lot of government debt , he has to keep printing money that destroys its value and so the people who are smart are moving into gold , the problem is most people have not done it yet , hardly anybody owns gold that's the problem


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : it is not too late to buy Gold

Peter Schiff  : ....ever since it hit 500 people have been asking me that exact same question , and I am going to give you the same answer it is not too late to buy , Gold is going a lot higher the dollar is going to lose a lot more value - in Fox Business News interview 08/08/2011




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : Gold is going higher

Peter Schiff : " Gold is going higher , it had a pull back today , if you price the DOW in terms of Gold yesterday the DOW was worth less than 7.8 ounces of Gold that's the lowest level since the bear market begun in 2000 when the DOW was worth 44 ounces of Gold "
"I think the Deal(about the debt ceiling) is bullish for Gold , contrary to all the scare tactics coming out of Washington , if we have an economic Armageddon which we may be have it is not going to be because we fail to raise the debt ceiling but because we succeed , the best thing for the market and the US economy and the worst thing for Gold is that we do not raise the debt ceiling and get our fiscal house in order right now , if we continue to kick the can down the road and raise the debt ceiling that's bullish for Gold and bearish for the US economy and bearish for the Dollar "

Peter Schiff is telling you truth. If you raise the debt ceiling any more, we are totally screwed. It's VERY obvious and I can't believe people are actually falling for this again. How hard is it to do simple math? Schiff was right about the economic collapse, housing bubble, and other problems within the market when most of the fools out there were saying "everything is fine, the market is great".


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Numismatic vs Bullion Gold coins Explained by Peter Schiff

Peter Schiff : ...I do not even know why would people double in Numismatics , It is totally different than buying Gold , buying numismatic has as much in common with buying Gold as collecting stamps , or buying works of art or buying rare Samurai swords or baseball cards , it is about collectors market it is about buying something that's rare and that people desire for its rarity not for the fact that it got metal , ...if you wanna be a collector and if you enjoy I mean there is certain enjoyment that people can get out of owning rare coins and displaying rare coins and talking to their friends about them , you can get some type of enjoyment from rare coins that may be you can't get from bullion , but you have to understand that those are not the coins that you buy and try to sell in few years and make a profit these are the coins that you wanna hold , if you do it right you may get the right coins the problem is most of the rare coins , collector coins that are being marketed through the major coin firms are not rare at all , they posses no collectors value whatsoever the problem is the buyer does not know that , he is told that they have some kind of special value but the only special value they have is through the firms that are selling them because they mark them up a massive amount , typically now in the industry the mark ups are 50 to a 100 percent so if you buy some of these coins marked up a 100 percent the market needs to double , the price of gold might have to double before you can sell them and get your money back that you put in , and most people do not realise that this is not going to happen ....




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff Gold could reach $10000

Peter Schiff : "The Dollar has no floor , so the Gold has no ceiling " , Peter Schiff said , he predicts $5000 an ounce gold in the next decade but it could happen really earlier he said in a recent interview , but the possibility of a 5 digit gold in the order of $10000 is also possible as there is no floor for the dollar to fall into so there is really no ceilling for the Gold to go up to , Gold could go to the infinity measured in dollar terms

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : The Gold Standard for a sound economy

Peter Schiff  : Gold is worth its intrinsic value it has unique and special properties that other metals do not have , you comparing Gold to paper , what is the federal reserve note worth what a piece of paper that is printed by the US government what is that worth ?!?!? I mean you cannot use it for anything it is just paper but it already has been written on , I mean it is not soft enough to use as toilet tissue , what you gonna do with it ?!?!?!" Peter Schiff of Euro Pacific Capital believes that the Gold standard could happen even sooner than a five years from now , and the reason for that is we have a dollar crisis we have a currency crisis that brings on an even worse financial crisis and I think that currency crisis is coming soon it is going to send the dollar plunging consumer prices and interest rates surging and we gonna be in a much deeper recession and the only way to have a real economy a sound economy is to discipline the government to prevent them from deficit spending and the only way to do that is with the Gold Standard says Peter Schiff



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : Good time to buy Physical Silver

Peter Schiff : ...Silver has pulled back from a high of almost 50 dollars an ounce to about 32 , 33 right now we are about 34 , yeah I think there is a lot of support at 30 I am not sure that we are going to get as low as 30 , I think if we did got at 30 it will be an even better buying opportunity but we might not even go that low , I think we had a nice pull back from almost 50 to where we are today so if you had been thinking about adding to your silver position my opinion will be it's a good time to do it , is there a risk , yes , can I be wrong , sure , could silver go a lot low in the short run , hey anything is possible , I do not think it is probable but it is possible , but so do not do it on leverage do not buy options but physical silver that you are buying to hold in case the dollar collapses yeah , I think this recent pull back is a buying opportunity " Peter Schiff was answering a question from a listener to his radio program the Schiff Radio...

Peter Schiff : now a good time to buy Silver

Peter Schiff : now it's a good time to buy Silver



Peter Schiff :...I would say that the moves over the last couple of weeks have been largely driven by speculators but overall the entire bull market NO , i mean it's driven by the fundamentals , Silver is not rising because there are speculators it's because silver is rising that's why there are speculators they are attracted to the bull market but they are not causing it , but certainly at a certain point speculators will add a volatility , we had a huge move up before this correction , it's hardly crashing I mean silver is at $40 dollars an ounce it's right back to its trend line , I think it's a good buy right now not only for long term holders like me , if you are a short term trader if you are fast money guy I do not think there is a lot left to this correction i think there is more upside now just to re catch the fifty level .....


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : the vast majority of the correction is now over in the silver market

Peter Schiff : now there is more upside potential than downside risk in the silver market ,  the vast majority of the correction is over


Peter Schiff : ...nothing goes up on a straight line silver had certainly gone ahead of itself the gold silver ratio was way in silver's favor in a very short period of time , so it makes sense that we have a pull back especially from a level like fifty ($50/oz) which was the record high going back to 1980 so it certainly makes sense that we got a pull back ..now the catalyst could have been Bin Laden but Peter Schiff doubts it that could be a coincidence a lot of time the markets look for any kind of catalyst to do what they want to do anyway and it's clear that a lot of speculators got into the market

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff Silver is Unstoppable

Is there anything that can stop silver's ballistic rise? The precious metal flirted near the $50 mark yesterday. Peter Schiff, of Euro Pacific Capital gives his insight .




Peter Schiff : if you look at the amount of silver in the earth versus gold and I think the ratio there is about 17 to one , I think silver is going to continue to gain on gold as this bull market continues to unfold , I think we have many many years left to go , I ultimately think that you will see a gold / silver ratio below 20 ,right now is more like about 35 , but when this bull market started I think the ratio was about 60 , now I have been buying silver for about ten years when I started buying it it was 5 dollars an ounce at the time gold was about 250 , 260 dollars an ounce both the precious metals have gone up , but silver has gone up more and if i am right and this bull market continues I expect silver to keep outperforming at my metals company I have been recommending people would have two third gold one third silver for long time obviously people that did that right now they might have fifty fifty because silver has gained on gold even though both metals have risen , and the reason that's happening is because Ben Bernanke is debasing the value of the dollar , r i fact central banks all around the world are too loose they are creating too much money and so people all around the world are buying gold and silver as a store of value and I think that that will continue ....

Peter Schiff : This Silver Bull Market has many many years to go

Peter Schiff : if you look at the amount of silver in the earth versus gold and I think the ratio there is about 17 to one , I think silver is going to continue to gain on gold as this bull market continues to unfold , I think we have many many years left to go , I ultimately think that you will see a gold / silver ratio below 20 ,right now is more like about 35 , but when this bull market started I think the ratio was about 60 , now I have been buying silver for about ten years when I started buying it it was 5 dollars an ounce at the time gold was about 250 , 260 dollars an ounce both the precious metals have gone up , but silver has gone up more and if i am right and this bull market continues I expect silver to keep outperforming at my metals company I have been recommending people would have two third gold one third silver for long time obviously people that did that right now they might have fifty fifty because silver has gained on gold even though both metals have risen , and the reason that's happening is because Ben Bernanke is debasing the value of the dollar , r i fact central banks all around the world are too loose they are creating too much money and so people all around the world are buying gold and silver as a store of value and I think that that will continue ....





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff ultra Bullish on Silver

Peter Schiff : “Silver Will Rise On Rising Inflation” "Silver has the best of both Worlds" says Peter Schiff who has always been spot on. bye silver now!! its going to explode to at least 100. bye it don't wait for hyperinflation!! I think he's right about the use of credit cards. If this is correct, the next wave is coming quickly.

Peter Schiff : I have been riding this bull (Silver Bull) since 1999/2000 ...Silver is kind of the best of both Worlds because it is an industrial metal and also a precious metal , so if you think the economy is growing you can buy silver and if you are afraid of inflation you can buy silver , it kind of has that element going for it ....the silver price is rising for the same reason that oil price is rising or agricultural commodities are rising , paper money is losing value , it is losing value because central banks are printing too much of it , that's not going to stop , look at the news you got today , you got higher than expected inflation coming out of Europe , you got the CEO of Walmart basically warning Americans to brace themselves for serious inflation he is looking for cross the board broad based increases starting in June

Peter Schiff President & Chief Global StrategistPeter is one of the few investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts of the mortgage meltdown, credit crunch, and decoupling of commodities, precious metals, and foreign markets from the U.S. dollar, he has become a sought-after economic commentator on a range of investment topics. Peter delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, L.A. Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting a weekly radio show. As an author, he has written four bestselling books, including his latest: " Crash Proof 2.0: How to Profit from the Economic Collapse" and "How an Economy Grows and Why It Crashes".

Robert Kiyosaki stocks are for losers

Robert Kiyosaki with Peter Schiff - 04-07-2011

Robert Kiyosaki : You have to understand the Tax Flow , The tax flow punishes employees , I am not against employees but the taxes the IRS same as doctors and lawyers , doctors and lawyers pay the highest tax rats in America , there are two types of taxes in the investment world the capital gains and the cash flow in the accounting world that's called portfolio income which is capital gain which is also passive income if you have passive income and you invest in real estate you have massive tax right offs , so the way I strategize my life starting in 1973 was that my rich dad told me you have to take real course and I said why , he said you have to learn to manage debt and second I had to learn how to sell to be a good enterpreneur so today in my business I am not a small business owner I have large holdings I make so much money but each time I make money I have to buy a another piece of real estate large building apartment , I just was in San Antonio picked up another 1100 unit apartment from the Bank , Robert Kiyosaki stocks are for losers it's gambling I KNOW PEOPLE MAKE A LOT OF MONEY IN IT BUT THAT'S NOT MY GAME ....

Peter Schiff : Silver Is Up For 9 Consecutive Quarters

“Silver prices are rising for the same reasons that oil prices are rising, paper money is losing value” – Peter Schiff in CNBC