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Peter Schiff does stand-up comedy (no, seriously, he does).

August 09, 2013 – Comments (2)

Link to video (embedding not working)



Here are the 40 most overpriced stocks in the market, according to Goldman

August 06, 2013 – Comments (0) | RELATED TICKERS: AMD

The S&P, which crossed the 1700 mark last week, shows no sign of slowing down.  [more]



Revealed - JPMorgan Gold Vault Linked by Underground Tunnel to the Vault of the New York Fed

March 04, 2013 – Comments (0) | RELATED TICKERS: GLD , CEF

When two weeks ago we exposed the heretofore secret location of JPM's London gold vault (located under the firm's massive L-shaped office complex at 60 Victoria Embankment) we thought: what about New York? After all, while London is the legacy financial capital of the "old world", it is New York that the biggest private wealth of the past century is concentrated, and it is also New York where the bulk of the hard assets backing the public money of the world's sovereigns are located, some 80 feet below ground level in the fifth sub-basement of the New York Fed, resting on the bedrock of Manhattan.

That the topic of the gold "held" by the New York Fed - historically considered the gold vault with the largest concentration of gold bars in the world - has become rather sensitive, in the aftermath of the Bundesbank's request to repatriate it... is an understatement. Yet in the aftermath of some of the revelations presented here, we believe quite a few other countries will follow in Germany's footsteps for one very simple reason: suddenly the question of whether their gold is located at 33 Liberty, or just adjacent to it, in what we have learned is the de facto largest gold vault in the world, located across the street 90 feet below 1 Chase Manhattan Plaza, doesn't appear to have a clear answer...  [more]



Peter Schiff - The Bernanke Shock

February 05, 2013 – Comments (5) | RELATED TICKERS: GLD

The financial world was shocked this month by a demand from Germany's Bundesbank to repatriate a large portion of its gold reserves held abroad. By 2020, Germany wants 50% of its total gold reserves back in Frankfurt – including 300 tons from the Federal Reserve. The Bundesbank's announcement comes just three months after the Fed refused to submit to an audit of its holdings on Germany's behalf. One cannot help but wonder if the refusal triggered the demand.  [more]

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