The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 1834 days ago
Warren Buffett is famed for many pithy comments such as “When the tide goes out you see who wasn’t wearing trunks” in the wake of the banking crisis. It is often the case that those who really understand what is going on are best able to explain it in simple terms and this week Peter Schiff offered up another. The point here is that we are being told that everything will return to normal once the coronavirus has been dealt with – Peter Schiff completely disagrees.
Published 54 days ago
Investor and commentator Peter Schiff is talking his own book but his bullishness on gold is none the less extreme. But as a fellow libertarian and sound money man I find it hard to argue with him.Published 1817 days ago
Peter Schiff puts an interesting question in his latest podcast here in relation to the rout of Oil futures this week: could it happen in reverse with gold? The action of the oil market this week has been terrifying. Or at least it should be, as a barometer of what is to come in the holed economy purportedly as a result of Coronavirus, although I would argue the issue is more of a giant everything bubble that was waiting for a pin. Well, the pin duly arrived and our very own Peter Brailey has covered himself in glory, correctly predicting negative oil prices. So what is Peter Schiff’s point?
Published 874 days ago
The great lie pushed by those supporters of bitcoin and other crypto currencies was that supply of bitcoin was limited by the halving formula. So, we were assured that while promoters of shares or funds or any other asset would always match demand with new supply, bitcoin was different. Of course, that was just misleading.
Published 3514 days ago
The Fed, QE4, Interest Rate Hikes, and THE FED! Peter Schiff thinks the Fed has finally reached the end of the rope and the so called recovery is about to come to an end. Schiff called the 2008 crash spot on. And – as you may have gathered here – he is a bit of a hero of Tom.
Published 3408 days ago
Peter Schiff is a libertarian hero of mine. He called the 2008 crash brilliantly - its causes and what would happen. Now he calls the great crash of 2016. This interview with Schiff is frightening and compelling and what he says about the US also applies to Britain. Schiff thinks we are sleepwalking to insolvency. Show me how he is wrong!
Published 3178 days ago
Libertarian gold bug Peter Schiff is a hero of mine. This latest podcast on the bond bubble and the nightmare of a Clinton Presidency is really superb. On Crooked Hillary he really is very funny and very accurate. Spare 25 minutes for a listen.
Published 3067 days ago
Libertarian gold bug Peter Schiff is a hero of mine and in his latest note he makes a very vaild point about Donald Trump - he could well bankrupt America. Over to Schiff:
Published 1772 days ago
The bears are looking extremely foolish right now. The coronavirus appears to be in retreat and equities are roaring, US jobs data yesterday was taken as bullish, the Nasdaq scored a new all-time high the Dow Jones index closed just 8% off its all-time high and gold has been in retreat. So all is wonderful in the garden, right? I’m not so sure – in fact, I think things are setting up for another big crunch. To coin a phrase (from Alan Greenspan, former head of the Federal Reserve): the markets are exhibiting irrational exuberance.
Published 3160 days ago
As you know, Peter Schiff is a hero of mine, a libertarian and gold bug he predicted when and why things would go wrong in 2008. Schiff says the next meltdown will be worse and it will be soon and explains why in this compelling new video.
Published 3171 days ago
There are several reasons the world economy is unsustainable within the current systems according to my hero, the libertarian Gold bug Peter Schiff. We have featured Peter several times here in recent weeks - see HERE. He believes the biggest factor is countries like the US which have huge deficits. They have low production rates requiring mass imports of goods in exchange for pieces of paper that are losing their value. This forms imbalances which destabilize the global economy. There are also enormous amounts of bonds and unfunded liabilities which creates vulnerability to a backup in interest rates. If rates go up, they can’t afford to pay.
Published 3178 days ago
You know that libertarian gold bug Peter Schiff is a major hero of mine. In his latest video he shows how real GDP growth is negative, it is collapsing. And that has profound implications for all of us on both sides of the pond. This is cracking stuff from Schiff. Yes we really are in recession already!
Published 2765 days ago
Libertarian Peter Schiff is a great hero of mine and I am glad to see him calling Bitcoin out as a bubble.
Published 3058 days ago
Shares may be zooming in the Trump rally but libertarian gold bug ( and all round super hero) Peter Schiff does not think it will last or is sustainable. But the first casualty of the bonds sell off will be commercial real estate warns Schiff in his latest podcast.
Published 49 days ago
Sunday is a good time to sit back, read, and forget about shares. Put the kettle on, find a comfy chair. You have the time, don't you?Published 3200 days ago
Full disclosure: I am a gold-bug. I love gold. And I think the economic doom-mongers like Peter Schiff make fantastic arguments for a radically higher gold price. We are in uncharted monetary territory which threatens the fundamental integrity of our paper currencies. But I also know that investing on the basis of an impending apocalypse means betting on something that has never happened before. History tells us that stock markets and most of their constituents tend to survive wars, disasters, economic collapse, etc.
Published 1268 days ago
Gold closed this week at $1792 – up from last week’s $1768 and like last week it had a pop at $1800, reaching $1813 before being batted back down below $1800. Gold stocks had another good week too, as can be seen on the chart showing Gold, GDX (major producers’ ETF), GDXJ (“junior” producers) and GEOX (explorers) below.
Published 3377 days ago
As you know Peter Schiff is my hero, a libertarian sound money man. In his latest video he explains why the next move in US base rates is going to be down and why rates could go negative. On the basis of that he advises buying gold.
Published 1722 days ago
We are not quite at the all-time high, but Gold posted an all-time high last night in terms of its weekly close, is US dollar terms. We have moved a long way very fast: just 17 days ago the yellow metal cracked $1800 and only in March the price dipped below $1500. Year on year the price is up by around a third. I noted the other day the danger of a bit of a pull-back, but it hasn’t quite happened yet.
Published 1854 days ago
The price of gold seems to have fallen over the edge of a cliff. This morning it fell below $1450 per ounce as the sellers moved in in spades – so is there anything to worry about? Well, yes there is – but it is not the price of gold: it is the magnitude of the calamity heading this way. Snowflakes may be selling but old fogies like me and that young whipper-snapper Tom Winnifrith have seen this before. And so too have our good friend Malcolm Burne (on and off of Golden Prospect) and the inimitable Peter Schiff.
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