Peter Schiff’s Gold Videocast

Peter Schiff Sees ‘Enormous Round Of Quantitative Easing’ Ahead For U.S.

Euro Pacific Capital CEO Peter Schiff, who correctly-called the housing bust and economic crisis last decade, just published a new entry to his Peter Schiff’s Gold Videocast vlog on YouTube.com. Schiff talked about what’s behind the recent take-off in precious metal prices. From last Friday:

What’s really behind the metals rise is not what’s happening in Europe, but I believe what’s going to be happening here in the United States, because I believe the Federal Reserve is going to use the turmoil in the markets that followed that [“Brexit”] vote as the excuse that it’s been waiting for, not only not to raise rates, but to cut rates and to launch QE 4. In fact, that is the main reason, I believe, that the markets have recovered somewhat from their Brexit-related losses. Because if you look at the financial markets, they are now pricing in for the first time a higher probability that the next move by the Federal Reserve will be to cut rates, not to raise them. Now remember, I’ve been saying this the whole time. Ever since the Federal Reserve raised rates in December I was saying the likelihood was that the next move would be a cut and not another increase…

As we continue to get more weak economic data that continues to surprise all the bulls who are expecting strong data, it’s not going to be long before the talk of rate hikes is really replaced first by the talk of rate cuts, and then by actual cuts. And of course since there’s not a lot of room for the Fed to cut rates because it never really raised them, the real monetary stimulus is going to come from an enormous round of quantitative easing

The reason there was such a violent reaction in the financial markets to Brexit wasn’t because Brexit is so terrible, it just shows you how precarious the global financial system is. It’s all perched upon these props of cheap money and central banking. It’s all based on hype and hope and confidence. And when something shakes the confidence, you see the immediate result. The central bankers are going to do everything they can to keep this bubble from deflating. And that means more money printing not only here but around the world. And all the naysayers, all the guys that were saying “Oh, Peter Schiff was wrong,” “The Fed was right,” “Bernanke was right- he was the hero,” “Paul Krugman was right- there is no inflation.” All the people who had these premature victory laps are going to have a lot of egg on their face. But in the meantime, there isn’t a lot of time left for people to buy gold and silver while there are still people foolish enough to sell it

(Editor’s note: Bold added for emphasis)


“Silver Confirms Gold’s Breakout”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Tuesday, July 5th, 2016 Banking, Commodities, Crash Prophets, Federal Reserve, Inflation, Interest Rates, Investing, Monetary Policy, Money Supply, Precious Metals, Stimulus Comments Off on Peter Schiff Sees ‘Enormous Round Of Quantitative Easing’ Ahead For U.S.

Peter Schiff: ‘Silver Might Even Be A Better Buy Than Gold’

Euro Pacific Capital CEO Peter Schiff, who correctly-called the housing bust and economic crisis last decade, just published a new entry to his Peter Schiff’s Gold Videocast vlog on YouTube.com. From earlier today:

As long as we have the strength of the dollar, we can continue to borrow money to pay for imports. We can continue to go deeper and deeper into debt. But the minute the illusion runs crashing into reality, and people recognize the situation that we’re in. That we didn’t have a legitimate recovery. That we just had a bubble. And rather than higher interest rates and a real recovery, we’re back in recession. And the Fed is going to try its hardest to blow more air into this bubble. It is not going to work. And this collapse in the dollar today is just the beginning. The dollar has a long way to fall. Not only does it have to reverse all its ill-gotten gains, but it has a long way to go beyond that. Because the problems for the dollar, the fundamentals for the dollar, have gotten worse the entire time the dollar was rallying. And it’s this phony rally in the dollar, it’s this false belief in a higher dollar and higher interest rates, that have wreaked havoc with the emerging markets, with emerging market currencies, with commodities. And all of these markets are going to be able to breathe a huge sigh of relief as the Fed backs away from these rate hikes and the dollar begins to tank. But probably the biggest beneficiary of the Fed’s new easing, this new easing cycle that I think is about to begin, is going to be gold. Gold has fallen for the last few years based on this false belief that everything is great, and we’re going to have a return to normalcy, and the Fed is going to shrink its balance sheet. Nothing could be further from the truth. The balance sheet is about to blow up. We’re going to go up to $10 trillion. The national debt just surpassed $19 trillion officially. It’s going to be $20 trillion by the time Barack Obama leaves office- maybe more. He’s doubled the national debt. The next president will have to double it again in order to keep this house of cards from collapsing. I think it’s impossible to finance- that type of growth in debt. But that’s what this bubble economy needs. Because all of our GDP grows based on debt. It’s not real economic growth. It’s just consumption that’s borrowed. And you need to borrow more and more money to get less and less GDP growth. And we’ve run to the point where we can’t do it anymore. The world is not going to continue to give us a pass. And so gold prices, I think, are going to take off. I think the correction from this long-term bull market is over. And I think gold is going to make new highs. And of course if gold is going to make new highs, so is silver. And so silver might even be a better buy than gold because silver corrected a lot more during the correction. And so it has a lot more lost ground to make up for.


“Fed Blinks: Tightening Financial Conditions Will Derail Rate Hike Expectations”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Wednesday, February 3rd, 2016 Bubbles, Commodities, Crash Prophets, Currencies, Debt Crisis, Emerging Markets, Federal Reserve, GDP, Interest Rates, Monetary Policy, Precious Metals, Recession, Recovery, Stimulus Comments Off on Peter Schiff: ‘Silver Might Even Be A Better Buy Than Gold’

Peter Schiff: What’s Suppressing The Price Of Gold

The second installment of Peter Schiff’s Gold Videocast for 2015 is out on YouTube. And Euro Pacific Capital’s Schiff shared his thoughts about what’s been suppressing the price of gold these days. He told viewers:

ObamaCare forces employers to provide insurance for full-time employees. As a result, employers are hiring more part-time workers than they normally would. And that is substantially influencing these numbers. In fact, the real reason that we have such a low unemployment rate and we’re creating so many jobs, is because people are in effect sharing their job. We have a job sharing program…

Traders are ignoring all of the bad economic data that they should be focusing on, and instead just remaining fixated on the job numbers. And I think they are in position to be blindsided when the economy turns around…

So for now, it’s the false belief that the economy is strong, and that the Fed is going to raise rates- based on a misunderstanding of what the jobs’ numbers really mean- that is keeping a lid on the price of gold.

“False belief” plays an additional role in lower gold prices at this time, says Schiff. He added:

One other thing that is happening that should be lifting the prices of gold which is inflationary monetary policies all over the world. You know, more and more central banks are reducing their interest rates, launching their QE programs. Gold prices are rising in terms of those currencies. But the fact that everybody believes the dollar, the U.S. is going to be the lone holdout in the easy money parade- that is what’s keeping gold prices from really going ballistic…

I think we’re going to be leading that parade. Not only are we not going to raise interest rates or not raise them substantially- maybe we get a trivial rate hike although even there I think it’s more likely that we won’t. But we are going to be launching a new QE program- the Mother Of All QEs…

And when the markets realize this, then it’s going to be like taking the lid off the pressure cooker when it comes to the price of gold. And it’s going to be rising sharply. In the meantime, I continue to encourage people to accumulate as much physical gold and silver as they can before the rest of the financial community wakes up to this reality, and they’re rushing to buy these metals at much higher prices.


“Gold Videocast: America’s New ‘Job-Sharing’ Economy”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Tuesday, February 17th, 2015 Commodities, Crash Prophets, Currencies, Employment, Health, Inflation, Interest Rates, Investing, Monetary Policy, Stimulus Comments Off on Peter Schiff: What’s Suppressing The Price Of Gold

Peter Schiff: Buy Gold, Silver To Prepare For Bursting Of This ‘Much Bigger Bubble’ Than Housing, Dot-Com

The first installment of Peter Schiff’s Gold Videocast for the new year is out on YouTube. And Euro Pacific Capital’s Schiff recapped gold’s performance in 2014 and shared his outlook for the precious metal- along with silver- in 2015. He told viewers:

I think the sentiment situation, the markets, the technicals, are really poised for a very, very big year up in the precious metals in gold and silver for 2015. And nobody is expecting this. We had the sentiment completely in the opposite direction. All the bears were piled onto the same side of the boat. And now it turns out that they got it wrong. And I think they’re going to have to scramble to get to the other side as this illusion rapidly fades. Again, I’ve said this many times, that I’ve never seen a bigger disconnect in the markets- the stock market, the currency market, the precious metal market- between reality and perception. What everybody believes is wrong. And soon, these widely-held beliefs are going to be questioned in a major way and then abandoned. Just like they were with the housing market and subprime when that bubble burst. And just like they were with in dot-com market when that bubble burst. Except that this is a much bigger bubble, and the damage and the fallout on the financial markets will be much greater when this bursts. And therefore, it’s that much more important that investors be properly prepared. And part of that preparation is owning gold and silver.


“State of the Gold Market 2015: Exclusive Forecast & Charts”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Friday, January 9th, 2015 Bubbles, Commodities, Crash Prophets, Currencies, Housing, Investing, Precious Metals, Stocks Comments Off on Peter Schiff: Buy Gold, Silver To Prepare For Bursting Of This ‘Much Bigger Bubble’ Than Housing, Dot-Com

Peter Schiff On Gold: ‘We’re Going To Have A Big Rally Probably Beginning Here In The Second Half Of 2014’

It’s been a little over a month since I last blogged about “crash prophet” and head of Euro Pacific Capital Peter Schiff. But tonight, I’ll be talking about the first-ever installment of Peter Schiff’s Gold Videocast (which replaces the monthly Peter Schiff’s Gold Newsletter). Schiff, who also heads up Euro Pacific Precious Metals, told videocast viewers on July 9:

I think that the sellers have been exhausted in the gold market, and the buying continues. And when we run out of sellers- again, there’s only one direction for the price of gold. And I think once all of these speculators that have been shorting gold discover that their premise is wrong- that we’re not going to get this vibrant recovery. And that we’re not going to get less QE, we’re going to get more. That we’re not going to get rate hikes, but the Fed is going to keep interest rates at zero in order to prop up this phony, bubble economy that they’ve inflated. You’re going to have to see this mad rush from all the short sellers who are going to be anxious to buy back their money losing positions. But that’s going to be a lot more difficult, because there’s not going to be a lot of gold around. Because a lot of the gold that was liquidated in the second half of 2013 is not going to be available for sale in the second half of 2014. That gold was probably purchased by entities that never intend to sell it.

So I think we’re going to have a real short squeeze and we’re going to have a big rally probably beginning here in the second half of 2014. But maybe gathering momentum as the year comes to a close.

Schiff, who is credited for calling the U.S. housing bust and 2008 economic crisis, added:

I expect the price of silver to rise. Other precious metals- platinum- and commodities in general are all responding to the inflation that the Fed is creating to prop up this phony economy. All the while denying that inflation is a problem.


“Gold Videocast: Gold’s 2014 Half-Time Report”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Thursday, July 17th, 2014 Bubbles, Commodities, Crash Prophets, Inflation, Interest Rates, Investing, Monetary Policy, Precious Metals, Recovery, Stimulus Comments Off on Peter Schiff On Gold: ‘We’re Going To Have A Big Rally Probably Beginning Here In The Second Half Of 2014’
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