"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •173 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 951.10 | +14.70 | +1.57% |
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WTI Crude •10 mins | 69.42 | -0.04 | -0.06% |
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Gasoline •10 mins | 1.940 | -0.002 | -0.08% |
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Ethanol •173 days | 2.161 | +0.000 | +0.00% |
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Silver •173 days | 30.82 | +1.16 | +3.92% |
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Silver • 173 days | 30.82 | +1.16 | +3.92% | |
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Copper • 173 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 72.73 | -0.21 | -0.29% | |
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Natural Gas • 10 mins | 3.662 | -0.086 | -2.29% | |
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Heating Oil • 10 mins | 2.226 | -0.006 | -0.26% |
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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The Dollar Breaks Down
The U.S. dollar, which has staged a counter-trend rally all year, looks like it is finally poised to resume its historic decline. Although the dollar…
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Bernanke Confuses Depression Cure with Disease
An article in yesterday's Wall Street Journal discussed how self-proclaimed "Depression buff" Ben Bernanke claims understanding of how the Fed caused the Great Depression and…
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The Fallacy of Consumption
During the Christmas Shopping season all eyes are on the American consumer. If he spends lavishly, all is well; if he does not, disaster looms.…
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$500 Gold and Interest Rates
As the Fed continues its inflation campaign, most have yet to come to grips with the reality of America's uniquely precarious situation. In an act…
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With Real Estate, This Time it Really is Different
As evidence mounts that the real estate boom has finally peaked, most economists, analysts, and industry professionals continue to predict simply a slowing of price…
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The Rise of the Dollar.com
An old trading adage states the following: markets can remain irrational longer than investors can remain solvent. As our recent experience with the dot com…
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So Far Not So Good
Last week, following my appearance on CNBC's "Squawk Box" Steve Liesman dismissed my warnings of dire consequences resulting from America's growing current account deficit, by…
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"Helicopter Ben" is no Paul Volcker
Never has a changing of the monetary guard taken place with the U.S. economy in so precarious a position. When Paul Volcker arrived, everyone knew…
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Figures Lie and Liars Figure
I am always amazed at how Wall Street is so easily fooled by statistics. If a number merely exceeds some consensus expectation, markets will react…
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Gold versus the Stock Market
While Wall Street pundits extol the virtues of the stock market, and its promise of assured riches, they consistently denigrate gold, and its value as…
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Wall Street Wakes Up
In a commentary last week, I compared the recent surge in gold prices to the death of a canary in a coal mine. This week…
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Attention Miners, the Canary is Dead!
If the stock market was a coal mine, and investors the miners, gold would be their canary. A sharp increase the price of gold is…
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Hurricane George is Heading Straight for Your Portfolio
As if the damage from Hurricane Katrina was not bad enough, Hurricane George Bush has been gathering strength over the Potomac, and is now a…
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Gold or the Government, which do you believe?
Earlier this week, Wall Street Pollyannas reacted with glee to the release of seemingly mild producer and consumer prices data. While August PPI and CPI…
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The Real Lesson from Katrina
Apparently, New Orleans residents believed that their situation was the exception that proved Murphy's Law. Though the inability of New Orleans' levee system to withstand…
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Nothing Saved For a Rainy Day
The U.S. economy, which has clearly been a bubble in search of a pin, may have finally found one in Hurricane Katrina. However, if a…
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Home Equity is Not Savings
Yesterday on CNBC's "Closing Bell" my bullish opponent in a "Bull vs. Bear" debate rebutted my argument that Americans saved too little by claiming that…
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Getting to the "Core" of Inflation Propaganda
Yesterday the Labor Department reported that July Consumer Prices rose by .5%. Today we were informed that July producer prices rose an even sharper 1%.…
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China's Bell Tolls Louder -- Are You Listening?
In the second week since China's announcement of its decision to abandon the yuan's peg to the dollar, the reaction in global financial markets has…
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Chinas Peg was America's Crutch
One week after China's decision to scrap its dollar peg, the Bank of China has already back- peddled, warning currency traders not to expect any…
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