Peter Schiff Quotes (15 Quotes)

The strength in gold is revealing the general weakness in the dollar.

Time, quite frankly, played on our side.

The entire American standard of living is artificially high right now, resting on the ability of Americans to borrow money from foreigners.

You are going to lose wealth in U. S. stocks. My advice is to avoid them if at all possible.

It's up to the legislature to determine whether marriage should be extended to same-sex marriage,

Unfortunately the situation in New Orleans is a microcosm of our nation as a whole. Although our reliance on foreign savings and production are widely known, and most economists accept the fact that a real economic disaster would ensue should foreigners discontinue such subsidies, dump their hoards of U.S. treasuries, and refuse to exchange real goods for paper dollars. However, rather than perusing policies to rebalance our economy, we simply do nothing, and hope that day of reckoning never arrives. However, just as that strategy backfired in New Orleans, so, too, will it for America as a whole.

There is nothing the Fed can do to combat inflation unless they hike rates aggressively.

What will most likely occur is a long overdue loss of confidence in financial assets in general, particularly those denominated in U.S. dollars.

Global financial markets, not any government body, determine long-term interest rates through their bond trading each day. High demand for bonds pushes up their price and drives down their yield, yield being their effective interest rate after factoring in their purchase price. A combination of factors keep driving demand and pushing rates down, forces that have much more to do with speculation, hedging and politics than . . . with actual investment merit, ... Once these forces reverse, expect bond prices to plunge and interest rates to soar.

The Fed's study is flawed as the comparisons are not relevant, ... When the world dumps dollars, they will also dump Treasuries, sending rates soaring.

What America has succeeded in creating is not an economy impervious to shocks, but merely one which enables their consequences to be postponed to a later date.

My goal was how can we step back and not focus in on an individual, a school, a league or a district. It really was how can we work together collaboratively to learn from the mistakes.

Perhaps this borrowing to create cash flow ... The personal 'savings' rate has fallen to a new all time record low of minus 6. Rather than curtailing consumption, Americans have merely responded to higher gas prices by borrowing more money. Therefore, the immediate damage isn't reduced consumption by increased debt. As a result, the actual damage is only being postponed, but with even greater consequences for future consumption, as not only will Americans be required to pay more for energy tomorrow, they will have to pay interest and principal associated with today's purchases as well. What America has succeeded in creating is not an economy impervious to 'shocks,' but merely one which enables their consequences to be postponed to a later date. Unfortunately, that date may have finally arrived.

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.

I would be upset if I bought a company (stock) on the belief that it was a play on the price of copper.