37 Peter Schiff Quotes to Inspire You On The Road to Financial Freedom

Updated: Jul 28, 2020

Birth: March 23, 1963, New Haven, Connecticut, USA


Peter Schiff is an American libertarian, stockbroker, financial commentator, economist and radio personality. Westport is the CEO and global strategist of Euro Pacific Capital Inc., a Connecticut-based broker. Most people know him as an economist who is against Bitcoin and strongly defends gold.


He is also an author with worldwide best-selling books:




“If the value of the dollar goes down faster than the value of an hour of work, your nominal wages will go up. But that’s still a wage reduction, because this inflation will drive up the price of consumer goods even faster. If your wages rise slower than your cost of living, you’re getting poorer, but you might not notice it as easily, which is good for the politicians.” /Peter Schiff
Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold./Peter Schiff
“Because the private sector originated subprime loans without any official government backing, many like to blame capitalism, or more specifically Wall Street greed, for the problem. But take the Fed and Fannie and Freddie out of the picture, and subprime would have been a trivial part of the mortgage market.” /Peter Schiff
“Most important, though, was the way this string of bailouts fit the government pattern: prevent the economy from correcting itself. Once again, rather than let an inefficient allocation of resources shake itself out, politicians and central bankers decided that the right cure for a drinking binge was “the hair of the dog that bit you.” That is, when confronted with a crisis caused by government-created moral hazard, cheap money, and central planning, Washington responded with more moral hazard, even cheaper money, and heightened central planning.” /Peter Schiff
Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles./Peter Schiff


“We are headed for a much morse financial crisis than the one we experienced in '08 [2008] and we are headed for a much greater recession than we lived through following that crisis; the one we called the Great Recession. And what's going to make it so much worse is, it's going to be inflationary. Consumer prices are gonna be going up as the economyis going down.” /Peter Schiff
Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power./Peter Schiff
“If you have a workplace openly antagonistic to meritocracy, you will (a) attract the unmotivated, (b) drive out the motivated, and (c) suck the motivation out of those who remain./Peter Schiff
One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price./Peter Schiff
“(You can watch this highly entertaining video, “Is a College Degree Worth the Cost, You Decide,” either by going to my YouTube channel, “The Schiff Report,” or by searching for the title on YouTube.) The reason that so/Peter Schiff