Markets: QE4 Coming Next Year

I think they will be doing QE4 next year, that is the problem. And not because any of this works (QE), it does not work. But we are trapped in this. The Gold market is going to like it.

(SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Dow Jones Industrial Average ETF (DIA))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Financial Markets: You Can Only Imagine What Lies Ahead

We have had 7 years of zero percent interest rates and the damage that the Federal Reserve has done to this economy is much greater than what was done under Greenspan and that gave us the 2008 financial crisis. So you can only imagine what lies ahead as a result of what the Federal Reserve has done to us this time. (SPDR Barclays Capital High Yield Bnd ETF (JNK), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

How To Play Gold

I started to tell people to buy gold (SPDR Gold Trust ETF (GLD)), when it was at 300 dollars an ounce.

I do not tell people to put all their money in gold. I tell people to put some of their money in gold (SPDR Gold Trust ETF (GLD)), 5 to 10 percent and as you get more money as the price of gold comes down you can add to it at a better price.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Manufacturing Is In Recession And Getting Worse

Manufacturing is already in recession and that is just going to get worse and obviously this interest rate hike and the belief that the Federal Reserve has got more coming is just going to accelerate this process.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Federal Reserve Will Be Forced To Admit That It Is Wrong

As the economy slows and the Federal Reserve is forced to admit that it is wrong and it is forced to lower interest rates back down to zero and launch QE4, there goes its credibility. They were obviously wrong and they were so wrong that they could not even admit it.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Credibility Bubble Might Be The First One To Deflate

I think the Federal Reserve is getting dangerously close to losing what remains of their credibility. The credibility bubble might be the first one to deflate and it is amazing that after two busted bubbles in the past 15 years the Federal Reserve still has any credibility left. But I think it is going to be the third time the charm or whatever is the opposite of charm for the Federal Reserve when it comes to losing their credibility.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.