Peter Schiff
Peter Schiff
Peter David Schiffis an American 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. 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...
NationalityAmerican
ProfessionBusinessman
Date of Birth23 March 1963
CountryUnited States of America
That shows that big money is not buying, Wall Street does not believe this rally, they are still skeptical and are waiting for the gold price to fall.
Gold is not overvalued at $500, and gold will not be overvalued at $1,500 or $2,000. The real money is buying gold and putting it away.
Some of the smaller stocks have been moving, but the big stocks are going to take real money to move.
The entire American standard of living is artificially high right now, resting on the ability of Americans to borrow money from foreigners.
Printing money is merely taxation in another form.
At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.
Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.
Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.
Currencies are losing value and will continue to do so at a rapid pace.
There's no question it will keep rising. The bull markets keep the nervous people out of the market.
You are going to lose wealth in U.S. stocks. My advice is to avoid them if at all possible.
Wall Street is in trouble because Main Street is broke.
The left-wing agenda wants us to think that the reason there was a depression was because the government didn't do anything. That's not true.
When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.