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Get the latest headlines, market analysis, and original content from SchiffGold.

Original Analysis

August 30, 2025 Original Analysis

One Goal, Two Outcomes: Norwegian and Turkish Inflation Targeting Case Study

In a positive turn of events for the Turkish people, yearly inflation reached the lowest it has been in 4 years: 33.5%. This might seem like a laughable accomplishment, but given the turmoil of the Turkish Lira over the past decades, it is a huge positive step. In complete opposition to this, the Norwegian Central […]

August 27, 2025 Original Analysis

Using Tariffs to Reduce the Deficit? Not So Fast

After posturing to use tariffs to eliminate income tax, the Trump administration has now shifted to a narrative that they’ll pay off deficits. Both promises are hollow.  Deficits as massive and persistent as ours demand massive Treasury issuance. That means markets have to absorb ever-larger supply, pushing yields higher if demand fails to keep up. […]

August 27, 2025 Original Analysis

Powell Scraps “Make-Up” Inflation Playbook in Jackson Hole

Federal Reserve Chair Jerome Powell used his Jackson Hole podium on August 22 to declare the end of the central bank’s three-year experiment with “flexible average-inflation targeting.” In its place, the Fed is reverting to a straight-forward but “flexible” 2 percent target, a move that comes as economic momentum cools and goods prices perk up. […]

August 22, 2025 Original Analysis

Fed Minutes Reveal Governors’ Thought Process Behind July Rate Hold

Three weeks after the Federal Open Market Committee opted to leave its target range unchanged at 4.25%–4.50%, fresh details from the July meeting shed light on why policymakers are growing uneasy even as they stay on hold. Minutes released Wednesday reveal officials wrestling with sticky price pressures, new tariffs, and a cooling labor market—all while […]

August 21, 2025 Original Analysis

The IRS’s Least Favorite Collectible

It would be natural to assume that gold would be treated like an investment by the government. However, US tax regulations put gold in an entirely different category than almost any other serious investment. While many thoughtful people choose to view gold as an investment, the IRS chooses to view it as a collectible. This […]

August 21, 2025 Original Analysis

What British Estates Can Teach us About Management

If one were to view Chatsworth Estate and Dyrham Park from a distance, the two historic estates might seem similar. However, from guest experience to governing structure, the ways these places differ provides some crucial insights into the economics of change and institutional structure. Dyrham Park was purchased by the British National Trust in 1956, […]

August 15, 2025 Original Analysis

When the Data Is Bad, Just Lie

Bad jobs numbers? Just say they’re good. High inflation? Just claim it’s low. While the old adage “numbers don’t lie” may have a ring of truth, in reality, people lie a lot, and governments lie constantly—and they’re releasing the data that all the big decisions are supposed to be based on.  For example, if people […]

August 15, 2025 Original Analysis

Producer Prices Punch 0.9% Higher in July, Surpassing Consensus Estimates

Upstream price pressures roared back in July, according to Thursday’s Producer Price Index (PPI) release from the Bureau of Labor Statistics. The headline PPI for final demand leapt 0.9 percent after a flat reading in June. Year-over-year, producer prices are now 3.3 percent higher, the largest 12-month increase since February. The data landed just 2 […]

August 14, 2025 Original Analysis

Trump Extends Tariff Pause on Chinese Goods

On Monday President Trump signed an executive order that temporarily keeps additional duties on Chinese imports from snapping back into force, extending a 90-day tariff reprieve that would have expired just after midnight on August 12. The new directive, “Further Modifying Reciprocal Tariff Rates to Reflect Ongoing Discussions with the People’s Republic of China,” pushes […]

August 14, 2025 Original Analysis

Fed’s Barkin Says “Fasten Your Seatbelts” for Bumpy Road

Economic cross-currents, political headwinds, and an elevated gold price framed Federal Reserve Bank of Richmond President Tom Barkin’s August 12 remarks to The Health Management Academy in Chicago. Barkin told the Four Seasons crowd that U.S. real GDP expanded at just 1.2 percent during the first half of 2025, less than half last year’s 2.5 […]

August 6, 2025 Original Analysis

ISM Services PMI Barely Hangs On to Expansion

The American services engine came more than one point under expectations but stayed in the green by the slimmest of margins last month, even as price pressures roared back to life and trade frictions deepened. The Institute for Supply Management’s Services Purchasing Managers’ Index (PMI) came in at 50.1 for July, just a whisker above […]