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Peter Schiff on Gold

Gold and Silver prices (London Fix) since 9/11/2001.

Gold is Money

For thousands of years, free men have divided their labor and chosen to exchange the fruits with gold and silver.

Why?

Money has to be rare... a luxury. Money has to be divisible, transportable and must endure.
Money has to be uniform: the silver in one coin is the same silver in another coin.

Why Gold Matters

When gold prices rise, it is - in fact - the purchasing power of the dollar falls. If you hold U.S. dollars or if you earn your income in U.S. dollars... as is the case for Americans, you lose purchasing power.
That purchasing power decreased because government increased the number of dollars in circulation. And that purchasing power went straight from you to the government.
gold
It is with this method that government is able to confiscate wealth without even coming to your door. It is this method that incumbents do not have to raise taxes in order to finance military adventurism or wasteful social programs.
If you care about your ability to purchase goods and services from your fellow man to have a certain standard of living, then the price of gold matters to you.

Peter on Gold

At Euro Pacific, Peter Schiff sells Perth Mint Certificates. These certificates represent a claim on unallocated physical gold at the Perth Mint of Western Australia.
Owning physical gold outside of the United States (1) avoids potential confiscation by the U.S. government and (2) beats trading on the COMEX or ETFs.