Peter's Blog

Cyprus Debacle Has Investors Shifting Assets

The Financial Times published a story on Friday featuring Peter Schiff’s new offshore investment bank, Euro Pacific Bank, which has seen a 150% increase in new customer interest since the news of deposit confiscations in Cyprus. The article examines new ways for investors to protect their wealth from irresponsible central banks. “‘Banks in Cyprus took […]

Cyprus and the Unraveling of Fractional-Reserve Banking

Could the Cypriot crisis be the beginning of the end for the modern fractional-reserve banking system? Joseph Salerno’s commentary at the Ludwig von Mises Institute considers to the possibility. One thing is certain: trusting your savings to a bank is no longer a wise plan for wealth preservation. “Getting back to the Cyprus deal, admittedly […]

Gold ETF Outflows vs. Physical Bullion Demand

Alena Mikhan and Jeff Clark, part of Casey Research’s Metals Team, published a commentary this week countering the bearish sentiment surrounding the recent gold ETF outflows. While investors in the paper market may be selling gold, long-term physical holders are buying record amounts of bullion from the US Mint. Since January 1, the holdings of […]

Gold and the Great Monetary Easing

You don’t see a lot of mainstream coverage of big players who remain bullish on gold. However, Yahoo! Finance did report on Morgan Stanley’s latest forecast, which sees gold’s bull cycle entering a new stage of growth as countries around the world ramp up their easy money policies. “A notable feature of the investment landscape […]

The Secret Bull Market in Gold

Peter Schiff isn’t the only one surprised by all the naysayers who believe the economy is improving and gold’s heyday is over. Brett Arends – an admitted “gold agnostic” – just wrote a commentary for The Wall Street Journal’s MarketWatch, examining the popularity of gold abroad, and the bullish fundamentals that haven’t been affected by […]

Bloomberg Gold Report Misses the Mark

By Jeff Clark from Casey Research Bloomberg reported last week that Russia is now the world’s biggest gold buyer with its central bank having added 570 tonnes (18.3 million troy ounces) over the past decade. At $1,650/ounce, that’s $30.1 billion worth of gold. Russia isn’t alone, of course. Central banks as a group have been […]

Virginia Eyes Monetary Reform

The New York Sun published an editorial this week looking at proposed legislation in Virginia that would examine the viability of a metal-backed monetary standard. If the federal government doesn’t understand the importance of real money, maybe the states will take up the banner. “It’s starting to look like Virginia could yet emerge in a […]

Argentina Prepares for Hyperinflation

The Argentinian government has frozen super market prices for the next two months in a misguided attempt to stop inflation. A new commentary on Zero Hedge compares Argentina’s financial decline to the state of affairs in developed countries around the world. Are you prepared for sudden hyperinflation? “Up until now, Argentina’s descent into a hyperinflationary […]

Is Germany Preparing for Capital Controls?

By Jeff Clark by Casey Research The best indicator of a chess player’s form is his ability to sense the climax of the game. -Boris Spassky, World Chess Champion, 1969-1972 You’ve likely heard that the German central bank announced it will begin withdrawing part of its massive gold holdings from the United States as well […]

Platinum Group Metals Long-Term Outlook

In light of the recent spikes in the price of platinum and palladium, it might be worthwhile checking out CPM Group’s 2012 Platinum Group Metals Long-Term Outlook Report, released earlier this month. The report is a comprehensive study of the long-term fundamentals of PGMs, looking forward to 2022. “Over the next ten years CPM Group expects PGM […]