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The author Peter Schiff
Peter Schiff
Peter David Schiff (born March 23, 1963) is an American financial analyst, stockbroker, author, and one-time Senate candidate. He has appeared as a guest on numerous financial television shows and has been quoted in major print publications as a financial analyst and economist. He is host of The Peter Schiff Show, an audio show broadcast on terrestrial and Internet radio, and he was formerly host of an Internet podcast called Wall Street Unspun, now archived as podcasts.

Peter Schiff

Central Bank Gold-Buying Expected to Ramp Up Next Year

Central bank gold-buying is expected to ramp up again in 2021 with Russia and China possibly entering back into the market.Citigroup and HSBC Securities both expect an increase in central bank gold purchases next year after a drop-off in 2020. reported that according to Citi, Russia could return to the market next spring and China’s central bank may resume adding to reserves after the presidential election.After record years in 2018 and 2019, central bank gold-buying has slowed this year –...

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Is This a Buying Opportunity for Silver?

Gold’s recent correction has taken silver down with it. The white metal dipped below $21 an ounce at its lowest, about $8 off its August highs.That has led some to speculate that we’ve seen a knockout blow for silver. These are generally the same people who have declared the gold bull dead. But I think it’s way too early to hang “rest in peace” over the silver market for the same reasons I don’t think the gold bull run is over. In fact, this may be an ideal buying opportunity. In order to...

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Yale Economist Warns of Looming Dollar Collapse

Peter Schiff has been warning about a looming dollar collapse. During an appearance on Fox Business in July, Peter said the dollar isn’t just going down, it’s going to crash.“I think the dollar is going to keep drifting down until it collapses,” Peter said.  “And this is going to usher in a real economic crisis in America, unlike something we’ve ever seen.Peter is not alone. In a recent article published on SCMP.com, Yale economist Stephen Roach said he expects the dollar to plunge by as...

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Peter Schiff vs. a Marxist

Peter Schiff recently appeared on RT’s Crosstalk and ended up in a debate with a Marxist.The focus of the discussion was a “K-shaped” recovery where some people benefit economically, but we’re left with many permanently mired in an economic underclass. Peter said you can talk about a K, L, U or V-shaped recovery, but none of it really matters because when you boil it all down — there is no recovery. And the root of the problem? We’ve abandoned true capitalism and embraced socialism and...

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Ludwig von Mises: The Pernicious Effects of Inflation

Many people claim there is no inflation. But as we have explained, when understood correctly, it becomes clear that inflation is rampant. In fact, it is at all-time record levels.Strictly speaking, inflation is an increasing money supply, and by that measure, it has set records for five straight months. Even so, many will swear that inflation is a problem. They are wrong.Even if it doesn’t ultimately manifest in hyperinflation, the policy of expanding the money supply has all kinds of...

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We Don’t Need a Higher Minimum Wage; We Need to Fix Our Money

You’ve almost certainly heard about the “fight for $15” movement to increase the minimum wage. Well, some activists have upped the ante. How does “Fight for $20” strike you?Here’s the problem, these people are trying to solve a legitimate problem with a really bad solution.Last year, Rep. Rashida Tlaib (D-Mich.) called for a $20 national minimum wage. And why not? If $15 is good, wouldn’t $2o be better? In fact, why not go for $30 an hour. Or $100? If you can just arbitrarily assign a...

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Fun on Friday: Wanna Take My Bet?

I bet you have gold within arm’s reach right now — even if you aren’t wearing any jewelry.Wanna take my bet?It’s in your cell phone!If your cellphone is within arm’s reach, so is a little bit of gold.According to the US Geological Survey, the average cell phone has about 0.034 grams of gold inside. That equals about 0.001 troy ounces and is worth roughly $1.86. So, no – I don’t recommend busting into your phone to get the gold. But it’s there.On a side-note, your phone also contains about...

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Is It Time to Hit the Panic Button? SchiffGold Friday Gold Wrap Sept. 25, 2020

Gold and silver got hammered (along with stocks) this week as the dollar strengthened with a sudden bout of risk-off sentiment. Rising numbers of coronavirus cases have ignited fears of new economic restrictions and markets have fretted about the lack of additional stimulus. Gold is at a 2-month low. So, is it time to panic? On this episode of the Friday Gold Wrap podcast, host Mike Maharry tries to answer that question and looks at all that you have to believe in order to claim the gold...

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Is It Time to Hit the Panic Button? SchiffGold Friday Gold Wrap 09.25.20

Gold and silver got hammered (along with stocks) this week as the dollar strengthened with a sudden bout of risk-off sentiment. Rising numbers of coronavirus cases have ignited fears of new economic restrictions and markets have fretted about the lack of additional stimulus. Gold is at a 2-month low. So, is it time to panic? On this episode of the Friday Gold Wrap podcast, host Mike Maharry tries to answer that question and looks at all that you have to believe in order to claim the gold...

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Peter Schiff: The Stock Market Needs the Fed More Than Gold Does

The markets got clobbered again on Wednesday (Sept. 23) with the exception of the US dollar, which hit a 2-month high. Not even the bond market managed to rally even with the stock market selling off and a strong dollar. Gold was down nearly $40 on the day and silver hit a 7-week low.One of the big drivers of the sell-off was the perception that the Fed might be done with stimulus. In his podcast, Peter said this notion is wrong — at least in the long-term. But even if the markets were...

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