Fun on Friday: Who Is That Masked Man?
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Fun on Friday: Who Is That Masked Man?

Via Peter Schiff July 10, 2020  by Michael Maharrey  0   0 Our county implemented a mandatory mask policy last week. It seems like most places are going in that direction. And even in places where the government hasn’t mandated masks, a lot of businesses are requiring them. I know there is a lot of controversy about mask-wearing and...

Gold ETFs Chart Seventh Straight Month of Inflows
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Gold ETFs Chart Seventh Straight Month of Inflows

Via Peter Schiff July 9, 2020  by SchiffGold  0   0 Gold-backed ETFs closed out the first half of 2020 with their seventh consecutive month of inflows and significantly above the highest level of annual inflows, both in tonnage and US dollar terms. Globally, gold-backed funds added 104 tons of gold to their holdings in June. Global holdings now...

$1,800 Gold!
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$1,800 Gold!

Via Peter Schiff July 9, 2020  by SchiffGold  0   0 Gold has pierced another significant level, pushing above $1,800 an ounce on Wednesday. That’s the highest spot price for gold since 2011. Breaking through $1,800 was a significant move for the yellow metal, but during his podcast earlier this week – before gold breached that level – Peter...

Bailout Nation: Moral Hazard and Low Economic Growth
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Bailout Nation: Moral Hazard and Low Economic Growth

Via Peter Schiff July 8, 2020  by SchiffGold  0   0 Bailouts are the name of the game right now. It seems like everybody is in line for a bailout. Airlines. Movie theaters. Small businesses. Hospitals. Not to mention the fact that the Federal Reserve has resorted to directly buying corporate debt. Conventional wisdom tells us this is necessary....

The Fed: The Engine that Powers the Most Powerful Government in History
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The Fed: The Engine that Powers the Most Powerful Government in History

Via Peter Schiff July 8, 2020  by Michael Maharrey  0   0 The Federal Reserve serves as the engine that makes all of the US government’s unconstitutional spending possible. Without the Fed, the entire system would collapse. Just consider this: in March and April of this year, the Federal Reserve effectively monetized 100 percent of the new debt taken...

Coronavirus Put the “War on Cash” Into Hyperdrive
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Coronavirus Put the “War on Cash” Into Hyperdrive

Via Peter Schiff July 7, 2020  by SchiffGold  0   0 Last month we reported that the Chinese government has launched a pilot program for a digital version of the yuan. The virtual currency ups the ante in the war on cash and creates the potential for the government to track and even control consumer spending. China isn’t alone...

Ron Paul: The Fed Is Getting Desperate
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Ron Paul: The Fed Is Getting Desperate

Via Peter Schiff July 7, 2020  by SchiffGold  0   0 Peter Schiff has called the Federal Reserve’s response to the economic “a monetary hail mary.” The central bank has printed trillions of dollars out of thin air through QE infinity, taking the Great Recession quantitative easing programs and putting them on steroids. And the Fed has gone beyond...

(Un)Happy Deficit Day
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(Un)Happy Deficit Day

Via Peter Schiff July 6, 2020  by SchiffGold  0   0 On June 9, the national debt surged above $26 trillion. Just over one month before that, the debt eclipsed $25 trillion. And 28 days before that, the national debt stood at a mere $24 million. May’s budget shortfall came in at a staggering $398.8 billion, pushing the fiscal...

Fun on Friday: Should We Just Cancel Independence Day?
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Fun on Friday: Should We Just Cancel Independence Day?

Via Peter Schiff July 3, 2020  by Michael Maharrey  0   0 Independence Day has always been one of my favorite holidays. I love the food, the fireworks and the parades. And the message of independence has always resonated with me – ever since I was a little kid. Unfortunately, Fourth of July festivities have been canceled in most...

Fed Minutes Show No Sign of Backing Off Monetary Hail Mary
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Fed Minutes Show No Sign of Backing Off Monetary Hail Mary

Via Peter Schiff July 2, 2020  by Michael Maharrey  0   0 Don’t expect the Federal Reserve to pull back on its monetary Hail Mary anytime soon. The central bank released the minutes from the June meeting yesterday. There were no big surprises, but they did reaffirm the Fed’s commitment to continuing its unprecedented monetary policy into the foreseeable...

Gold Has Charted Gains for Seven Straight Quarters
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Gold Has Charted Gains for Seven Straight Quarters

Via Peter Schiff July 2, 2020  by Michael Maharrey  0   0 Gold just had its best quarter since 2016 and finished at its highest level in over eight years. But Q2 2020 wasn’t an anomaly. Gold has charted gains for seven consecutive quarters. That represents the longest quarterly run of gains for the yellow metal since the 2008...

India Monsoon Season Could Make Gold Demand Grow
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India Monsoon Season Could Make Gold Demand Grow

Via Peter Schiff July 1, 2020  by SchiffGold  0   0 Gold just wrapped up a strong quarter, up 13%, and finishing at the highest price level in over eight years. On the year, gold is up about 16% and many mainstream analysts are starting to eyeball record gold prices in the coming months. But there has been some...

Gold Finishes Q2 at Highest Level in Over 8 Years
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Gold Finishes Q2 at Highest Level in Over 8 Years

Via Peter Schiff July 1, 2020  by SchiffGold  0   0 Q2 was one heck of a quarter for US stock markets. But in his podcast, Peter Schiff called it a “phony rally.” The real bull run to watch is gold. The Dow Jones just wrapped up its best quarter since 1987. The S&P 500, finished out its best...

If History Is Any Guide We Could See $4,000 Gold
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If History Is Any Guide We Could See $4,000 Gold

Via Peter Schiff June 30, 2020  by SchiffGold  0   0 If history is any guide, we could be heading toward $4,000 gold. This according to analysis by US Global CEO Frank Holmes. Holmes recently appeared on Kitco News and showed how the price of gold has historically correlated with the expansion of the Federal Reserve’s balance sheet. We’ve...

Citibank Joins Mainstream Gold Bulls Forecasting Record Prices
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Citibank Joins Mainstream Gold Bulls Forecasting Record Prices

Via Peter Schiff June 30, 2020  by SchiffGold  0   0 Citibank has joined other mainstream gold bulls calling for record gold prices. Citi raised its gold price forecast this week. It now projects a three-month price of $1,825 per ounce and for the yellow metal to head into record territory in 2021. Citi analysts expect gold to eclipse...

Which Corporate Bonds the Fed Has Bought So Far?
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Which Corporate Bonds the Fed Has Bought So Far?

Via Peter Schiff June 29, 2020  by SchiffGold  0   0 Earlier this month, the Federal Reserve announced it would begin buying individual corporate bonds. Now we have our first glimpse at what that means in practice. On Saturday, the Fed released a disclosure statement that lists the bonds purchased by the central bank. The amount so far is...

Peter Schiff: V-Shaped Recovery Narrative Falling Apart
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Peter Schiff: V-Shaped Recovery Narrative Falling Apart

Via Peter Schiff June 29, 2020  by SchiffGold  0   0 Over the last couple of months, we’ve been arguing that we won’t see a dramatic “v-shaped recovery.” Even if we cure COVID-19, it won’t cure the economy. But the mainstream has remained optimistic. In his podcast Friday, Peter Schiff points out some of the ways the whole v-shaped...

Fun on Friday: Trust Me…
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Fun on Friday: Trust Me…

Via Peter Schiff June 26, 2020  by Michael Maharrey  0   0 So, I’m just going to throw this out there. If you get an email from a couple of veterans who claim they rescued a sultan’s son and got a big payout in gold, it might be a scam. Maybe. And by maybe, I mean it’s a scam....