“Humour is a big part of our lives as well as our music. Making it fun is the most important thing.” Quote by Adam Faulkner
“The fiat-based system has produced enormous global imbalances that are straining the global economy. Ultimately, I think the whole thing gives way and what returns is what existed prior to the dollar standard, and that is a global gold standard, which is the only thing that really works.” ThinkingGivingEconomyGoldGlobal Economy Author:Peter Schiff
“Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper.” ThinkingGivingCountryValuesGoldCurrencyMonetaryEuro Author:Peter Schiff
“You have countries that have lived beyond their means, with bloated governments, huge trade deficits, and people living off the government. Then you have others where poor people are working hard and underconsuming and their governments are buying all this debt and propping up the extravagant countries. All of this has to change. There's a tremendous moral hazard involved with this system.” PeopleMeanCountryPoorMoralTradePoor People Author:Peter Schiff
“Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do that. It doesn't make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If you look at the percentage of above-ground gold controlled by central banks, it's historically low. Hence the fact that central banks are trying to increase their holdings. They've got a long way to go to get where they need to be.” ThinkingTryingLongRealReasonGoldMake SenseCurrency Author:Peter Schiff
“Most governments, not all of them, but most, certainly don't want their citizens using gold. They want them in the currency that they are creating. When they are debasing money, or printing money, they are spending it and they want it to have as much value as possible when they originally spend it. Of course once they spend it, it will lose value for them and everyone else that holds it. But they need demand for their currency. They need as many people as possible holding it and transacting it. The more people that use gold, the harder it makes it.” PeopleValuesGoldCurrencyPrinting Author: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.” OvercomingSellingSupportive Author:Peter Schiff
“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.” PeopleThinkingPastFallGoldRelativeBubblesOver 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.” ThinkingOpportunityGoldInvestors 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.” PeopleThinkingKindSocial MediaAll KindsMining 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.” WritingKindFeelingsCreativeTomorrowCommitmentLifestyleBe CreativeFrustrating Author:Robin Pecknold