Schiff

Jim Rickards Exposes Goldman Sachs’ Call for $1000/ounce gold

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The latest Peter Schiff Show with guest Jim Rickards was a nice one. In this interview Jim Rickards says that some insiders at Goldman Sachs’ are actually bullish on gold. They are actually disagreeing with their own research where they are calling for gold to go to $1000/ounce.

Peter Schiff Bought Gold Mine in December: Up 80% In 1 Month

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Something interesting that I heard on the Peter Schiff Show. Peter bought a gold mine in December and is up 80% right now. I looked at all gold mines out there and I could only find 3 gold mines:
1) Rubicon Minerals
2) Lakeshore Gold
3) Pretium Resources 
Any guess which one he bought?

Peter Schiff and Walmart

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You’ve got to give Peter credit for this. Higher costs (labor costs or corporate taxes) in a business will always flow to the consumer. Because this is the only way a business can stay profitable. Of course, higher consumer prices are not sustainable, because the consumer won’t buy your product. It’s all supply and demand. Which means… 
…the other way to stay in business is of course to just fire the employees. See this Salman Khan video:

150% Debt to GDP

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On the Peter Schiff Show with Neeraj Chaudhary I learned about the 150% debt to GDP limit. If a government’s debt goes above this limit, then there is no way the debt will be repaid. It’s historic evidence.

In Europe, the country that has gone over the limit is Greece, Italy is at 130% as we speak. So we need to watch Italy closely.

Chart 1: Eurozone Debt to GDP

The U.S. doesn’t have much time left as debt is skyrocketing.

Chart 2: U.S. Debt to GDP