Peter Schiff: We’re Going to be Hit with a Tsunami of Inflation

Image: Jonny O'Callaghan

Image: Jonny O’Callaghan

Money manager Peter Schiff has a read on gold short sellers. Schiff says, “Of course the short sellers never had the gold to begin with!  They’re selling gold they don’t have, and I think the shorts are getting a little bit nervous, but they are going to get a lot more nervous as we turn up the heat here. Gold is now above $1,300 (per ounce).
I think it’s going to be above $1,400 before they start to panic a little bit, and I think that’s great.” Schiff goes on to say, “I like the fact the market is moving up and nobody is buying it, nobody is paying attention to it. If they are, they are dismissing it. People think this is a head fake or a dead cat bounce. Instead, it’s the resumption of the (gold) bull market.
On gold mining stocks, Schiff proclaims, “The valuations are phenomenal in the mining sector because everybody assumed that the price of gold was going to keep falling, and those false assumptions were built into these share prices.
Peter Schiff’s full thoughts on the coming tsunami of inflation, and the resumption of the gold (& silver) bull markets is below:
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Peter Schiff Tells CNBC: Get Ready for a Gold Moonshot!

launch rocket verticalPeter Schiff gives CNBC a bit more than they bargained for in this interview in which CNBCS leads off with What is Wrong With Gold?
Schiff tells CNBC viewers:
As soon as most Wall St traders come to terms with how wrong they are about the true state of the US economy and what the Fed is going to do, they will be rushing back to gold…Imagine what would happen if the Fed tried to sell the $4 trillion in mortgage bonds it holds? We are headed right back into recession!…The Fed is going to come back with an EVEN BIGGER QE!
At some point, gold is going to go straight up, it will make a moonshot.  By the time the crowd figures it out, its going to be very expensive to buy gold!
Peter Schiff’s full MUST WATCH interview on QE, taper, bank collapse, and gold is below:
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Peter Schiff on Yellen, Bitcoin, & the 2014 Outlook for PM’s

SchiffIn this month’s Sprott Money Ask the Expert, Peter Schiff discusses Bitcoin’s monumental 2013 (& why he would recommend avoiding the cryptocurrency), Janet Yellen (who Schiff labels as Bernanke on steroids), and his 2014 outlook for gold and silver.
Are the metals ready for a long overdue rally?
Schiff’s full interview is below: [Read more...]

Bitcoin vs. Gold: The Future of Money – Peter Schiff Debates Stefan Molyneux

After skyrocketing nearly 10 fold to $1,000 in under a year, Bitcoin is all the hype and rage as speculators join those convinced in the fundamentals, but is it a viable alternative to gold and silver for preserving one’s wealth, or is the e-currency a shooting star that will burn out and scorch investors?
Peter Schiff debates Stefan Molyneux on Bitcoin vs. gold- what is the future of money? [Read more...]

PETER SCHIFF: The Only Thing That Will Stop the Fed is a Currency Crisis!

Ron Paul goldPeter Schiff joined our friend Sean from the SGTReport over the weekend to discuss the Federal Reserve, the impending collapse of the United States, and all things Obamacare.
As for the Fed’s recent announcement that QE will continue unabated Peter says, “The Fed will keep blowing air into the bubble until it bursts and the only thing that will stop them is a currency crisis… The Fed has to maintain the illusion and the only way to do that is with the drug of QE.”
On Obamacare and government entitlements Peter says, “We once had a great free market economy that was the envy of the world. People were coming here from all over the world to participate in FREEDOM. We had limited government and maximum prosperity. Even though we had no government benefits at all, the poor people from all over the world wanted to come here. Why did so many poor people want to come to a country with no welfare benefits, no medicare and no food stamps? Because they knew that the best way to get out of poverty was the OPPORTUNITY to work in a FREE MARKET… We had a great country and we screwed it up.[Read more...]

Peter Schiff: Fed Will Do The Opposite Of Tapering – More Money Printing!

hPeter Schiff joins BNN’s The Street to discuss the Fed’s monetary policy ahead of this week’s October FOMC meeting, and the fact that the taper discussion is irrelevant- the Fed will be forced to do the opposite, and announce MOAR QE!
Schiff, one of the few economists to correctly state the Fed would continue with $85 billion a month in asset purchases ahead of the September FOMC in which a taper announcement was nearly universally expected, is forced to repeat himself over and over again as the BNN hosts simply are unable to fathom the reality of the US economic condition.
Schiff’s Must watch interview on QE ahead of this week’s FOMC statement is below:
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Peter Schiff On Why The Gold Surge Is Just Starting

OLYMPUS DIGITAL CAMERAIn this interview on talking numbers, Peter Schiff dissects gold’s next move (up), and why the gold surge is just starting.
Schiff’s full thoughts on where gold goes from here is below: [Read more...]

Janet Yellen Exposed – The Truth Behind The Myth

mythbustersIn this MUST WATCH expose, Peter Schiff exposes the lie being perpetuated by the MSM that Janet Yellen is an excellent economist who correctly forecast the 2008 market crisis.
Far from issuing any warnings about the housing bubble run-up in 2006-2007, Schiff examines her past speeches to expose the fact that the MSM storyline on Janet Yellen is a complete fabrication.
In reality Old Yeller is more likely to press the accelerator into the biggest bubble in history than recognize the jake brake should be applied. [Read more...]

Peter Schiff: Janet Yellen as Fed Chairman is Very Bullish for Gold

YellenMoney manager Peter Schiff thinks the nomination of Janet Yellen as Fed Chairman is “very bullish for gold.”
Yellen has admitted she did not see the 2008 financial meltdown coming which was caused by an enormous housing bubble. Schiff goes on to say, “Not only was she not warning about the housing bubble, she was trying to quiet some of the concerns other people had. She was saying, ‘hey some people are worried,’ but really we shouldn’t worry.” When it comes to raising the so-called debt ceiling, Schiff contends, “A limit to the growth of government is bad for gold. What’s good for gold is raising the debt ceiling . . . more borrowing, more money printing. . . . We’ll borrow as much money as the world is dumb enough to lend us. It’s really the lending ceiling.” All the borrowing and money printing is destroying the buying power of the U.S. dollar. Schiff predicts, “Americans’ standard of living is going to move dramatically lower. . . . We’re not going to be buying a lot of new things because stuff is going to be very expensive.” Schiff contends, “This is just a question of time until the illusion is pierced. When the collapse happens, that’s it–the party’s over. America is going to have to live within its means.” Join Greg Hunter as he goes One-on-One with Peter Schiff. [Read more...]

Peter Schiff on The Fed’s Non-Taper Damage Control

Bernanke taperJames Bullard successfully sells markets on an Oct. taper. When will traders learn that it’s not what Fed officials say that matters, but what they actually do? It reminds me of Lucy holding the football for Charlie Brown. No matter how many times she assures him that she will hold the ball in place, she always yanks it away just before his foot makes contact. Yet Charlie Brown falls for it every time. [Read more...]

Peter Schiff – Phony Government GDP Numbers Hide A Shrinking U.S. Economy

SchiffMoney manager Peter Schiff claims the real U.S. Gross Domestic Product (GDP) is closer to “$13 trillion” than the official government number of “$16.6 trillion.”
That is a discrepancy of $3.6 trillion! Schiff explains, “The government keeps telling us the economy is getting bigger, but millions of Americans are leaving the workforce. We’ve got record numbers of people on food stamps . . . and part-time jobs are replacing full-time jobs. How is that consistent with a growing economy? It’s not.” Schiff goes on to say, “It just makes perfect sense to me the economy is shrinking, yet the government is using phony numbers to try to convince us a shrinking economy is growing.” So, how does a shrinking economy pay off an enormous growing debt? Schiff contends, “So, when interest rates go up because the world realizes we have too much debt relative to the size of our economy, consumers can’t spend anymore, and now the economy collapses in size and the debt balloons . . . [Read more...]

Peter Schiff: Next Fed Chair Will Lead Us to ‘Economic Ruin’

SchiffIn this excellent interview with Yahoo Finance, Peter Schiff (who last week advocated Alex Rodriguez as the next Fed Chairman) discusses how the next head of the Federal Reserve (increasingly looking like Larry Summers) will lead the US over the cliff and to utter financial and economic ruin when interest rates are raised in 2014.
Schiff states the next Chairman will usher in a dollar collapse and preside over the collapse Greenspan and Bernanke are responsible for. [Read more...]

Peter Schiff: “Dollar Is Going To Collapse Before The Market Does”

I had the opportunity this week to reconnect with Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital.
It was a powerful interview, as Peter indicated the Fed is trapped in a long-term position of destroying the dollar, while mainstream voices cheer resultant new highs of the stock market. Such dollar debasement Peter explained, means “the price of gold is going to skyrocket”—once the negative propaganda wears off.
When asked if continued money printing is setting the stage for an equities market collapse, Peter said, I think the dollar is going to collapse before the market [does]…The Fed is propping up asset prices by debasing the dollar—the currency with which those asset prices are denominated.”
“So if you’re going to destroy your currency, then asset prices are not going to collapse…Another way you can look at it is expressed in gold…Stock and real estate prices expressed in gold are going to go down significantly over time. [Read more...]

CNBC: Gold Not Manipulated, It’s Just Darn Easy to Sell Because It’s Just Paper!

paper goldWith gold down 40% on the year and on track to place the largest quarterly decline on record for the 2nd quarter, CNBC invited Peter Schiff on to its Hard Money show to ridicule the gold bug about the metal’s historic plunge.
With Schiff making the case that miners will begin shutting down operations and going out of business if the price of gold stays below $1200 long term, the fun begins at the 5:30 mark, when the CNBC host begins bashing blogs that believe in a conspiracy theory that the Fed is manipulating gold, and attempts to make the case that gold is crashing because “how about the fact that it’s darn easy to sell these days because it’s just a piece of paper and a computer transaction.
Jeffrey Christian couldn’t have said it better himself.
Full MUST WATCH piece with Peter Schiff and CNBC attempting to bash gold is below: [Read more...]

The Gold Bull Market is Dead – Long Live the Bull Market!

gold bullPeter Schiff discusses why the recent sell-off in gold and silver defies the fundamentals, ignores the facts, is predicated on a myth, and has succeeded in creating the necessary level of skepticism and fear to finally propel precious metals to new record highs.

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