Tuesday , May 18 2021
Home / Tag Archives: dollar (page 5)

Tag Archives: dollar

GDP Reality Check: SchiffGold Friday Gold Wrap Oct. 30, 2020

Gold and silver have had a tough week. So have stocks. In a lot of ways, it looked like March all over again, with worries about increasing COVID-19 cases and new lockdowns.  But then we got the Q3 GDP number and that injected a dose of optimism. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the dynamics in the markets and provides a little reality check on that big GDP number.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the...

Read More »

Peter Schiff: The Fed Has Never Been Right

Peter Schiff delivered a key-note speech at the Virtual Investor Day Conference. He walked through the history of the Federal Reserve’s monetary policy over the last several decades and explained the inevitable outcome. Peter’s recap of Fed history leads you to an undeniable conclusion: the Federal Reserve has never been right. And it has set us up for an even bigger crisis.Peter opened his talk saying that he thinks we are entering the final chapter of the book Alan Greenspan started to...

Read More »

Where Are the Gold Bulls? SchiffGold Friday Gold Wrap Oct. 23, 2020

Gold has been trading sideways for several weeks. But there are all kinds of reasons to be bullish on the yellow metal. So why isn’t the price of gold rising faster? Where are the gold bulls? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey tries to answer that question and discusses some of the reasons people should be buying gold.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You...

Read More »

Rickards: Why Gold?

Why gold?In a recent article, Jim Rickards offers three reasons the biggest gains in gold prices are yet to come.We are currently in the midst of the third great gold bull market since President Richard Nixon severed the last ties between the dollar and gold.The first was 1971 to 1980 when the price of gold rose 2,200%. The second ran from 1999-2011 as gold rose 760%. The third gold bull market began in December of 2015 when gold bottomed at $1,050 after making a record high just above...

Read More »

Goldman Sachs: Dump Dollars and Buy Silver

Sell dollars and buy silver. That’s Goldman Sachs’ recommendation.Peter Schiff has been warning about a dollar collapse and now the mainstream is even getting bearish on the dollar.In response to the economic shutdowns imposed by governments to deal with the coronavirus pandemic, the Federal Reserve is printing money to infinity and beyond.  On top of that, it has shifted its inflation targeting to allow inflation to run hot meaning there is no end in sight to the currency debasement. This...

Read More »

What Would a Biden Win Mean for the Economy?

Peter Schiff appeared on Kitco News with David Lin to talk about the investment implications of the upcoming US elections.Peter said he doesn’t feel good about the election and that he thinks Biden will likely win. He said the Democrats may even gain control of the Senate. So, what would a Biden win mean for the economy?As reckless as the Republicans have been with borrowing and spending, I expect the Democrats to be even worse. And unfortunately, unlike when Obama was president and you...

Read More »

Peter Schiff: Trump Out-Democrats Democrats on Stimulus

Last week, President Trump tweeted the rug out from under stimulus when he announced that negotiations were going to be cut off until after the election. The markets immediately tanked. But Trump quickly reversed course. As Peter Schiff explained in his podcast, the president is now in the process of out-Democrating the Democrats on the stimulus issue. Peter said the Republicans lost the argument the moment they conceded stimulus is “good” for the economy. Peter said the fact that the...

Read More »

Peter Schiff: Stimulus Doesn’t Help the Underlying Economy

Peter Schiff appeared on along with Michele Schneider of MarketGauge to talk about market reaction to the stimulus stalemate, the impact of the upcoming election, and the prospects of the dollar.The interview was recorded before President Trump tweeted the rug out from under the hope of a stimulus deal and cut off negotiations with the Democrats. At the time, Peter said it was certainly possible we could get another round of “so-called” stimulus, but none of it actually helps the...

Read More »

De-Dollarization Trend Remains Intact

Global de-dollarization resumed in the second quarter according to data recently released by the International Monetary Fund (IMF).While the dollar share of global reserves increased in the first quarter of 2020, it fell sharply in Q2, resuming a more than two-year trend downward.The share of euros making up global reserves rose slightly and the share of yen dropped. The second quarter saw the largest build-up of reserves in Chinese RMB and “other currencies”The increase in dollar reserves...

Read More »

Jobs, Jobs, Jobs: SchiffGold Friday Gold Wrap Oct. 2, 2020

The September labor market report comes out today, but it may not tell the whole story when it comes to jobs. On this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the long-term prospects for the labor market in the wake of coronavirus lockdowns. He also discusses recent price moves in gold and silver, and talks a little about future prospects for the dollar. The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news...

Read More »