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Quote by Peter Schiff

“Yes, when they're buying there are more buyers in the market and that's supportive of the price. The more buyers you have, the firmer the price is going to be. When central banks were selling it was a headwind the market had to overcome. Now it's a tailwind that central banks are joining the buyers.”

Author

Peter Schiff

Peter Schiff is an American author, economist, and financial commentator. He is recognized for his bearish outlook on the U.S. economy and for predicting the 2008 financial crisis. Schiff has written several books on economics and finance, and has been a regular guest on various financial news programs. more

“Over the past decade or so, you have seen the flip side of that as you've seen stock prices have come down a lot relative to gold. Now you are getting a change where people are more comfortable holding gold because in the rear-view mirror it doesn't look so bad for gold. Bonds have not come down as much relative to gold, but I think the bond bubble is going to burst and will be falling for years too. And gold will look that much better.”

People Thinking Past Fall Gold Relative Bubbles Over The Past

Author:Peter Schiff

“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.”

Thinking Opportunity Gold Investors

Author:Peter Schiff

“I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock.”

People Thinking Kind Social Media All Kinds Mining

Author:Peter Schiff

“The touring thing is such a huge time commitment. I'm really feeling like I want to start writing and recording music again. But I have to leave for tour tomorrow. That's kind of frustrating; at the end of the day, you're plugging into this lifestyle. It's the "band lifestyle," and that's weird! I would like for touring to be creative in its own right.”

Writing Kind Feelings Creative Tomorrow Commitment Lifestyle Be Creative Frustrating

Author:Robin Pecknold