Peter's Blog

Higher for Longer? Insights from the Copper/Gold Ratio

In the realm of institutional asset management, the copper/gold ratio (blue line) has served as a key indicator for some, providing insights into the potential trajectory of 10-year Treasury yields (red line).

Never Ending War on Cash

In the last few decades, there has been a global shift towards a “cashless world,” a trend that continues to shape financial autonomy. Physical currency is becoming increasingly rare as the majority of the world’s money supply exists in electronic form. Governments and financial institutions are actively promoting a cashless society, raising concerns about individual […]

Student Loan Servicer Chaos Threatening Repayment

There’s been lots of talk within the Biden Administration about forgiving student loan debt. But with chaos widely reported at companies that service student loans, some debtors can’t even figure out how much they owe — much less actually pay down their balances.

Ballooning Credit & Rate Cuts: A Perfect Storm for Default

With consumer debt reaching record levels, the Federal Reserve contemplating rate cuts in 2024, and post-Covid inflation still yet to reach its peak, a storm is indeed brewing.

The Indian Youth Bulge and Demand for Gold

When a country starts to develop economically, a few things tend to happen: the death rate falls, workers become more productive, consumers consume more, and birth rates normally fall. During this period, countries experiencing such changes have a relatively small number of retirees and a small share of the population composed of children.

Debt-Saddled Consumers Embracing Even More “Doom Spending”

In a disturbing (but unsurprising) trend, more than 1 out of 4 US consumers are throwing in the towel with defeatist “Doom Spending” sprees — despite already being saddled with crippling levels of debt. This behavior is akin to someone who, feeling overwhelmed, indulges excessively in a habit they know isn’t beneficial. In a similar vein, […]

Central Banks Will Keep Gobbling Gold in 2024

The first half of 2023 was a record-breaking moment for central bank gold buying, led by none other than China and Russia. Organizations like the World Gold Council reported a staggering increase compared to 2022:

Texas GOP Moves to Support Gold

This March, Republican primary voters in Texas won’t just be choosing which candidates to represent their party in November – they will also be voting on a series of ballot propositions that while not legally binding offer a way for voters to guide their leaders. Here’s why what is happening in Texas matters and what […]

Degrowth Advocates Misunderstand the Business Cycle

December saw a resurgence of “degrowth” advocates in the media, with two articles published by Nature garnering special attention on X (formerly Twitter). The fallacies underlying the degrowth movement are not new in economics, but it’s worth revisiting them and their important connections to monetary policy in the age of central banking.

It’s 2024! I Resolve…

Happy New Year from me and everybody at SchiffGold! Here’s hoping it is an absolutely fantastic year. So, have you made any New Year’s resolutions?