Peter Schiff – X, Released on 4/5/24 From 2000 to 2011 the #gold price rose from below $400 to above $1,900. That was a 5x move. A similar move from the $2K break out will send gold to $10,000. Given the far weaker fiscal position of the U.S. now and potential for larger QE, the […]
Peter Schiff – X, Released on 3/30/24 From 1966 to 1996 there was only one year where the annual #inflation rate was 2% or less. Other than that, the next closest year was 2.5%. If inflation only hit the 2% target once over that 30-year time period, what makes #Powell so sure the next thirty […]
Peter Schiff – X, Released on 3/11/24 The #NationalDebt just surpassed $34.5 trillion, up over $100 billion so far in March. At this rate the National Debt will rise $300 billion during the month. That's a annual pace of $3.6 trillion. Rising deficits will likely push the National Debt over $40 trillion by next year! […]
Peter Schiff – X, Released on 2/22/24 As investors prematurely celebrate the death of #inflation, oil prices are quietly rising, up 10% so far this year. A much larger rise looks imminent. Also, bonds are quietly breaking down while #gold looks poised to break out. These markets all indicate that inflation lives on. — Peter […]
Peter Schiff – X, Released on 2/5/24 #Trump seems to believe that #inflation is a problem because the U.S. isn't drilling enough #oil. If Trump doesn't cut government spending, something he failed to do during his first term, inflation will get much worse under his presidency, no matter how much oil we drill baby. — […]
Peter Schiff – X, Released on 10/26/23 If you think this can't happen to the U.S.A., think again. At one time Argentina was one of the richest nations in world. On a per capita basis I think personal income was once the highest in the world. Ironically, reserve currency status means we're a victim of […]
Peter Schiff – X, Released on 10/19/23 It's clear that bond investors have lost confidence in the #Fed's ability to bring #inflation back down to 2%. That's why 30-year Treasuries are now yielding 5.1%. But 5.1% is not nearly high enough to offset 30 years of high inflation. So bond yields are headed much higher […]
Schiff Gold, Released on 10/2/23 The banks are in worse shape and more vulnerable to the housing market now than they were in 2007 when everything collapsed and we had the financial crisis.” Continue…
