About the Author
Peter Schiff
Peter Schiff is CEO of Euro Pacific Precious Metal and an internationally recognized economist specializing in the foreign equity, currency and gold markets. Schiff made his name as president and chief global strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He is also the author of the bestselling books: "Crash Proof," "The Little Book of Bull Moves in Bear Markets," and the recently released: "Crash Proof 2.0: How to Profit from the Economic Collapse.”
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By Peter Schiff |
May 2, 2013
The most puzzling part of the investment business is seeing how the vast and largely economically illiterate masses interpret any given piece of news. Take the recent gold sell off: Many large players were motivated to sell by news that Cyprus will have to liquidate its gold.
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By Peter Schiff |
April 4, 2013
The news of the month comes from the large Mediterranean island of Cyprus, where Keynesian economic planning left the economy facing complete bankruptcy. The result was an unprecedented step forward in the financial collapse of the West: Direct forfeiture of bank deposits.
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By Peter Schiff |
March 4, 2013
During his testimony before Congress this week, Federal Reserve Chairman Bernanke made it a priority to dampen the growing concern that the unprecedented growth of the Fed's balance sheet presents great risks to the economy.
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By Peter Schiff |
February 4, 2013
The financial world was shocked this month by a demand from Germany's Bundesbank to repatriate a large portion of its gold reserves held abroad. By 2020, Germany wants 50% of its total gold reserves back in Frankfurt.
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By Peter Schiff |
January 3, 2013
With the return of Shinzo Abe and his Liberal Democratic Party to power in Japan, the market for U.S. Treasuries may be losing its last external pillar of support. This is significant to the global economy as Japan is the largest foreign power left with a strong appetite for U.S....
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By Peter Schiff |
December 6, 2012
When the global markets finally wrap their heads around the scale of US insolvency, the response will be as fierce as it is rapid. In such a once-in-a-century scenario, physical gold and silver are among the few assets without counterparty risk.
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By Peter Schiff |
November 9, 2012
For investors looking to find a safe haven for their money, QE3 Plus is a strong signal that the price of gold and silver are a long way from their peaks. Gold hit an eleven-month high at the beginning of October after the announcement of QE3.
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By Peter Schiff |
October 24, 2012
Though most simply remember the 1987 Crash as one panicked selling day, Black Monday was just the largest drop in a string of bad days. On the Wednesday before, the Dow sold off 95 points (then a record) and dropped another 58 points on the Thursday. On Friday the selling...
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By Peter Schiff |
October 9, 2012
Rather than going on for eternity, this third round of QE is only hastening the day when there is a flight of confidence from the dollar and US Treasuries. This will cause a sharp rise in market interest rates and surging consumer prices across America.
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By Peter Schiff |
October 4, 2012
While I believe the Fed's plan will be a disaster for the economy, the silver lining is that it provides investors with a road map. As the policy of the Fed is to debase the currency, those holding dollar based assets may seek alternatives in hard assets and in the...