"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •141 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 967.60 | -2.90 | -0.30% |
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WTI Crude •10 mins | 69.54 | -0.56 | -0.80% |
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Gasoline •10 mins | 2.042 | -0.017 | -0.83% |
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Ethanol •141 days | 2.161 | +0.000 | +0.00% |
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Silver •141 days | 30.82 | +1.16 | +3.92% |
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Silver • 141 days | 30.82 | +1.16 | +3.92% | |
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Copper • 141 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 73.68 | -0.55 | -0.74% | |
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Natural Gas • 10 mins | 3.187 | -0.152 | -4.55% | |
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Heating Oil • 11 mins | 2.251 | -0.023 | -1.02% |
Peter Schiff
Contributor since: 26 Feb 2010
Biography
Mr. Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, commodities, gold and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nations leading newspapers, including The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and has appeared on CNBC, CNNfn., and Bloomberg. In addition, his views are frequently quoted locally in the Orange County Register.
Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkley in 1987. A financial professional for seventeen years he joined Euro Pacific in 1996 and has served as its President since January 2000. An expert on money, economic theory, and international investing, he is a highly recommended broker by many of the nation's financial newsletters and advisory services.
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Comrade Bernanke Does it Again
By nationalizing nearly 80% of AIG for $85 billion, the Fed is doing a lot more than simply flushing taxpayer money down the toilet. The…
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Last Gasp of a Doomed Currency
In the latest example of financial market madness, the recent government “bailout” of Freddie Mac and Fannie Mae has perversely resulted in a sharp rise…
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Paulsons Quick Draw
Treasury Secretary Henry Paulson, the man who said that subprime was contained and that the Bazooka in his pocket would never be used, now assures…
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Down the Rabbit Hole
In recent months, investors have been unjustly chastised for their lack of consistency. In truth, they have an unblemished record of drawing the wrong conclusions.…
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Let's Get Real about Real Estate
Once again, real estate market watchers have pounced on a shred of seemingly positive news to proclaim that the long sought "bottom" is in sight.…
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Investors Chase Phantoms
In football, when a running back intends to cut to the left, he often first fakes right. This move is designed to make the defense…
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The Strong Dollar Illusion
Economists who now see American troubles spreading around the world are predicting that foreign central banks will ignore the gathering inflation threat and follow the…
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The American Dream is Just That
In holding overnight rates steady at 2% this week, the Fed once again put forth its belief that despite a cascade of horrific financial data,…
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The Maestro Won't Face the Music
In an interview yesterday on CNBC, former Fed Chairman Alan Greenspan cast his eyes on the charred landscape of the national real estate market and…
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Congress Taps Paulson's Helmet
With President Bush no longer threatening a veto, the subprime mortgage and Fannie and Freddie "bailout" bill is now sailing through Congress. In anticipation of…
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Armed and Dangerous
This week, with the nation's financial infrastructure crumbling before our very eyes, the nation's top two economic policy makers made their way to the Congress…
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Demand Destruction Stops at the Border
As the price of oil reverses course again and closes in on the unheard of price of $150 per barrel, Americans are finally responding to…
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Intervention Will Not Stop the Dollar's Slide
This week the Federal Reserve took a step closer to acknowledging reality. Unfortunately it didn't let that admission move it from a policy course firmly…
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The Fed Unreserved
Throughout history, governments have always used crises to justify blatant power grabs. Often the crisis subsides, but the expanded government powers remain. In America this…
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The Fed's Strong Dollar Policy
Ever since Robert Rubin began the tradition in the mid-1990s, it has been a significant element of the Treasury Secretary's job description to continuously state…
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Don't Be Afraid, Buy Gold
As the price of gold has taken some lumps since it crashed into the symbolically significant $1,000 per ounce mark back in March, those on…
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It's Not an Oil Crisis It's a Dollar Crisis
It is unfortunate that the Supreme Court, in its ruling this week that U.S. currency is unfair to the blind, did not make the next…
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China's Simple Solution
As China grapples with the consequences of its devastating earthquake, it has also begun to finally confront the destabilizing forces bubbling up beneath its economic…
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The Ticking Credit Card Time Bomb
For those holding out hope that the American economy can miraculously avoid a long and deep recession consumer credit is often viewed as the wonder…
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Ben Bernanke is No Paul Volcker
With what many have described as a flash of monetary discipline worthy of Paul Volcker, Ben Bernanke reduced short-term interest rates this week to a…
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