Quotes by Peter Schiff

Peter Schiff

A federal bailout would spare California from having to make spending cuts needed to bring its budget into balance. The matter has become urgent since California voters rejected several tax-hiking ballot initiatives. Rather than taking the vote as a signal to dramatically curtail spending, the state turned to the feds. If they get a free pass, the politicians can avoid fixing any of their past mistakes or preparing California for the future.

Cutting

Mistake

Past

All those commodities are going to have to rise in value as we are in short supply and we are printing too much money.

Commodity

Printing

Too Much

At some point, the dollar has to give. You can’t just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.

Dollars

Giving

Printing Money

Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do that. It doesn’t make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If you look at the percentage of above-ground gold controlled by central banks, it’s historically low. Hence the fact that central banks are trying to increase their holdings. They’ve got a long way to go to get where they need to be.

Long

Real

Thinking

Gold is not overvalued at $500, and gold will not be overvalued at $1,500 or $2,000. The real money is buying gold and putting it away.

Buying Gold

Gold

Real

Greed is normally balanced by fear.

Balanced

Greed

In a speech at the just-concluded G20 summit in London, President Obama urged Americans not to let their fears crimp their spending. It would be unwise, he argued, for Americans to let the fear of job loss, lack of savings, unpaid bills, credit card debt or student loans deter them from making major purchases. According to the president, ‘we must spend now as an investment for the future’….instead of saving for the future, we must spend for the future.

Jobs

Loss

President

It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.

Banking

Management

Wealth

Keynesians are to economics what witch doctors are to medicine.

Doctors

Medicine

Politics

Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it’s a huge opportunity for miners.

Gold

Opportunity

Thinking

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America

Balanced

Banking

Buying Gold

China

Clock Is Ticking

Commodity

Consumers

Consuming

Country

Critics

Cutting

Doctors

Dollars

Economy

Enemy

Far Away

Giving

Gold

Government

Greed

Guy

House

Investment

Jobs

Long

Loss

Management

Medicine

Mistake

Mutual Fund

Numbers

One Day

Opportunity

Past

People

Philosophy

Political

Politics

President

Printing

Printing Money

Real

Recovery

Running

Silver

Stories

Taxation

Thinking

Too Much

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Quotes by Peter Schiff

Peter Schiff

All those commodities are going to have to rise in value as we are in short supply and we are printing too much money.

At some point, the dollar has to give. You can’t just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.

Gold is not overvalued at $500, and gold will not be overvalued at $1,500 or $2,000. The real money is buying gold and putting it away.

Greed is normally balanced by fear.

It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.

Keynesians are to economics what witch doctors are to medicine.

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