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SchiffGold - Peter Schiff's Gold Company
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Helping you turn paper into gold.
Helping you turn paper into gold.

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We generally think of gold as an investment as well as money, but it is increasingly being used to improve quality of life and heal the sick.

The use of gold in the field of medicine, and more broadly in technology and industry, will likely put upward pressure on demand for the yellow metal in the future.  
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According to IMF director Vitor Gaspor, the “United States stands out” in this world of debt.

Notice the IMF primarily focuses on the evils of tax cuts. And while it does mention a need for reductions in spending, it’s perfectly happy with “infrastructure” spending. This is typical Keynesianism. In fact, runaway spending remains the fundamental problem after Americans got tax relief without any corresponding government relief.  
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China's yuan-based oil contract launch last month was reportedly a success with well over 23,000 contracts traded within the first hour for a notional trading volume of over 10 billion yuan.

The concern is the dollar’s value will wilt on the world stage. Its value has already declined significantly at home, as the Gold Telegraph pointed out.

Enter gold.  
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Top-tier economists.” Michael Boskin, John Cochrane, John Cogan, George Schultz & John Taylor have come to a stark conclusion. This debt spiral raises the specter of a crisis.

"A debt crisis does not come slowly and visibly like a rising tide. It comes without warning, like an earthquake, as short-term bondholders attempt to escape fiscal carnage.”  
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Peter Schiff: "The Fed is not going to be able to deliver the rate hikes the Fed is expecting, and again, its the expectation of more rate hikes that is what is keeping the lid on the price of gold. But it’s only a matter of time before the market blows the lid off and the price of gold goes up."
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Turkey’s president Recep Tayyip Erdoğan inferred that global dependence on the dollar was a “tool of oppression.”

"I made a suggestion at a G20 meeting. I asked, ‘Why do we make all loans in dollars? Let’s use another currency.’ I suggest that the loans should be made based on gold."  
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In his Liberty Report last week, Ron Paul pointed out that bubbles are inevitable when central banks tinker with interest rates. They destroy the market signals we need to guide economic decision-making.

Ron noted that Congress has created its own bubble – a giant debt bubble.  
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London's Sharps Pixley’s CEO Ross Norman said a lot of new buyers are investing in gold with the biggest area of growth from younger clients & entrepreneurs. Sharps Pixley reported a whopping 253% year-on-year increase in physical gold sales in March. 

"In February 2018 CNBC reported that conventional market wisdom predicted ‘wild market swings’ which could boost the price of gold. Yesterday’s announcement by Sharps Pixley might be one indication that this is correct."
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Historian Kevin Gutzman summed things up beautifully in a Facebook post that was published at the Tenth Amendment Center.

"The Senate committee members’ grilling of Zuckerberg put on full display what seems intuitive: that there is no way a legislative body can have adequate knowledge to manage every element of a society of 325,000,000 people (let alone the entire world).  
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Global silver mine supply dropped for the second straight year as industrial demand rose for the first time since 2013.

The Silver Institute World Silver Survey indicates the fundamentals look good in the silver market. Earlier this year, analysts at the Silver Institute said they expect strong demand in 2018 in an environment of tightening supply.  
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