Peter's Blog

Marc Faber: Prepare for a Gold-Backed Chinese Currency (Video)

Renowned contrarian investor Marc Faber predicted in an interview with GoldSeek Radio that China will eventually switch to a gold-backed currency. He bases this on the widespread understanding that China has larger gold reserves than are officially reported. Faber also explained why the US dollar’s days as a global currency are numbered. This is due […]

Greenspan: Poor Productivity Means Economy Is in Trouble (Video)

Just last week, Alan Greenspan appeared on CNBC saying in no uncertain terms that the United States economy is “not strong.” This morning he returned to the news to explain why the US has a major productivity problem. Though Greenspan doesn’t acknowledge it directly, this is a sign of America’s waning global economic power and […]

This Tech Bubble Is Going to Be Much Worse

Peter Schiff isn’t the only one warning about a new tech bubble. Renowned businessman Mark Cuban just published a commentary that draws comparisons between today’s unsustainable tech explosion and the last dot-com bubble. Only this time around, Cuban warns that the carnage of the pop will be worse. Just as back then there were always […]

Global Debt Spinning Out of Control

Economic commentator Jeremy Warner has published a new piece in which he argues that the world economy is overwhelmed with public and private debts. He believes one of the only ways out of this dire economic situation is some form of mass default across the globe. Warner writes: You might have thought that a financial […]

Income Inequality and the End of the Gold Standard

Income inequality has been a hot topic since the bailouts of the big banks following the 2008 financial crisis. A recent article from National Public Radio’s Planet Money shines a light on the history of the trend, which has only gotten worse in the past few years. Beginning in the Great Depression, and continuing until […]

Gold Is and Will Always Be a Safe-Haven Asset (Video)

Jessica Fung, Commodities Analyst for BMO Nesbitt Burns, explained her firm’s belief that gold has always been and will always be a safe-haven investment. Fung sticks to the mainstream perspective that the Federal Reserve is still planning to raise interest rates in 2015, though she does admit that BMO now predicts the Fed is going […]

Central Banks Are Fully Committed to Radical Intervention (Video)

James Grant, Founder of Grant’s Interest Rate Observer, spoke with Kitco about his disappointment in the current price of gold. He places most of the blame on central banking, and the market’s inability to understand the long-term consequences of monetary manipulation. However, Grant believes it won’t be long before the world wakes up to the […]

Is the Golden Age of American Growth Over?

The Dow and S&P 500 once again closed at record highs last Friday, and investors continue to be bullish on the American economy. Nobel Prize-winning economist Robert Shiller sees things differently and has been warning of market bubbles. A bubble is a social epidemic of enthusiasm and excitement spread by word of mouth, attracting more […]

US Headed to Recession in 2015

ADS Securities Chief Market Strategist Nour Eldeen Al-Hammoury explained to Bloomberg why he’s betting on the United States sliding back into recession in 2015. Just like Peter Schiff, he finds the GDP, factory orders, trade deficit, and other economic data points to be much more indicative of the true health of the economy than the […]

Look for Gold-Backed Currencies in Next 10 Years (Video)

Eric Sprott, the well-known billionaire asset manager, believes that investors need to buy gold and silver to protect themselves from the increasingly volatile currency markets. Last year, 84% of the world’s population would have made money owning gold. Sprott puts his money where his mouth is, claiming that 80% of his assets are in precious […]