"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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Why Not Let Markets Set Prices?
Those unfamiliar with marketplace dynamics may not recognize how government activity has created price distortions across our economy. But when these chains fail to restrain…
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The Collapse of America's Service Economy
Recent high profile bankruptcies of mainstay American retailers, such as The Sharper Image and Linens 'n Things, as well as the proposed mergers between Blockbuster/Circuit…
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Brother Can You Spare 10 Grand?
The grainy footage of Great Depression soup lines and Hoovervilles now in heavy rotation on the major news outlets has been largely counterbalanced by a…
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The Assault on Free Markets
Those blindsided by the recent financial meltdown are now loudly blaming the free market for its failure to police its own excesses, and are calling…
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Bail Me Out Bennie
Now that the Fed and the Treasury Department have clumsily come to the rescue of the financial titans of Wall Street, it is now politically…
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Alice in Wonderland
How do you know when you're through the looking glass? A fairly good indication is when the price of gold, which normally moves up in…
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Vive La France - the Road to Hyperinflation
This week, as the financial sector began to give way under the unbearable weight of bad mortgage debt, the Federal Reserve stepped in to save…
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They Still Don't Get It
Prior to my last appearance on CNBC in October 2007, I had made more than 50 appearances on the network over the prior two years.…
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Hear Me Now - Believe Me Later
Having neither the will nor the means to confront our major economic challenges, Washington is instead hanging its hopes on words alone. This week, despite…
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Inflation: America's Greatest Export
Unfortunately one of the few things still made in America is inflation. In fact, it now ranks as our greatest export. A significant by-product of…
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Upping the Inflation Dosage
In perhaps one of biggest ironies to ever to come out of Washington, this week Congress simultaneously pilloried major league baseball players for using artificial…
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The Mother of all Bubbles
In contrast to the dismal forecasting record of mainstream economists over the last few years, the forecasts that I have made regarding the dollar, oil,…
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More Salad, Less Twinkies
Despite the fact that the Fed still believes that a recession is unlikely to occur, Bernanke & Co. followed up on last week's emergency 75…
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Another One Bites the Dust
Over the past half-century, the United States has seen its global dominance in dozens of industries slip away. One plum that we have maintained is…
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A Modest Proposal
For members of Congress desperate to avoid recession, the takeaway message that Fed Chairman Bernanke delivered in his testimony this week was that a successful…
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It's Inflation Stupid
Holding onto its "all is well" bias like a terrified cowboy on an enraged bull, Wall Street has managed to convince itself, and much of…
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Eyes Wide Shut
As our economic ship continues to spring leaks, the goldilocks crowd still clings to the false belief that the Fed can easily keep us afloat…
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Crunch Time for American Consumers
The subprime mortgage crisis is merely the tip of a very large iceberg. Beneath the surface lies not only a sea of tenuous loans to…
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Not Your Father's Deflation
Among those rational enough to perceive the looming economic downturn, a heated debate has arisen that centers on whether the slowdown will be accompanied by…
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More Gasoline on the Fire
This week's announcement by the Fed that it will create a new mechanism to provide funding for credit challenged banks has been lauded by Wall…
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