Peter's Blog

US Debt Balloons to $18 Trillion and Will Continue to Grow

The national debt of the United States officially surpassed $18 trillion this past week. The news has been making the rounds of every media outlet, with many economists reminding us of the very shaky footing of the US economy. However, there are other analysts who play down this outrageously irresponsible amount of debt. In his […]

The Bigger Picture of the Swiss Gold Initiative (Audio)

Mises Institute President Jeff Deist interviewed Claudio Grass, Managing Director of Global Gold, about the Swiss gold initiative taking place this Sunday. Grass provided insights into the mind of the average Swiss citizen, while discussing the following topics: What might the growing gold repatriation movement mean for the ECB and the Fed? Is hostility against […]

All Eyes on Switzerland This Sunday

Switzerland will vote on the “Save Our Swiss Gold” initiative this Sunday, and the news is reminding everyone just why the financial world is watching so closely. USA Today and the Wall Street Journal can give you a good summary of how the Swiss gold initiative would affect the policies of the Swiss National Bank […]

Is Putin Sitting on a Golden Trump Card?

As the world waits to see if the Swiss people will force the Swiss National Bank to re-embrace gold on November 30th, there’s another major country that has been buying gold without any pressure from its populace – Russia. We’ve reported on Russia’s currency wars against the West (here, here, and here), but exactly how […]

Rickards: Fed Won’t Raise Rates in 2015 (Video)

Since Janet Yellen’s Federal Reserve has put an end to quantitative easing, the financial media generally believes the United States economy is improving. With an improving economy, the expectation is that Yellen will begin to raise interest rates in 2015. So goes the argument against an improvement in the gold market. However, many analysts aren’t […]

Gold Is Returning to Deficit, So Follow Putin’s Lead (Video)

While interviewing William Rhind of World Gold Trust Services, CNBC asked him why central banks around the world are buying so much gold. Speaking about Russia’s massive purchases this year, one host asked, “How long can you use gold to prop up your currency, ultimately?” Rhind politely set her straight that gold is not an […]

Global Gold Supply and Demand Dynamics

This post was submitted by Erik Oswald, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. In this article from Smaulgld, Louis Cammarosano examines the fundamental supply and demand figures for the gold market. Demand for physical gold has been increasing year […]

Start Your Own Gold Standard (Audio)

Although we’re based out of the United States, SchiffGold and its Chairman Peter Schiff are passionate supporters of the Swiss Gold Initiative. Our hope is that Switzerland sends a message to the world’s central bankers that people are sick and tired of having their money manipulated. We’ve been doing our best to promote the issue, […]

Only a Major Crash Will Change the Economic Narrative (Video)

In an interview with HedgeyeTV, David Stockman explains why he believes we’re on the verge of popping another major financial bubble for the third time in this century. He and Keith McCullough also discuss the potential political fallout from this bubble – who will be the politician to fire Janet Yellen and refute Keynesian policies? […]

In Defense of Peter Schiff

James E. Miller, editor-in-chief of Mises Canada, published a defense of Peter Schiff’s forecasting record last week. Miller calls out mainstream financial media as biased Keynesian propagandists, while praising Peter’s willingness to stand by Austrian Economics in the face of public ridicule. Still, Schiff has a point. He went on national television and endured a […]