Peter's Blog

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 […]

4 Little Known Facts About Gold Investing

Frank Holmes, a Seeking Alpha analyst, published an interesting commentary today, examining some under-reported bullish facts about gold in relation to other commodities and the stock market: “While the precious metal did not shoot the lights out in 2012, gold’s bull rally goes on. It ended the year up 7 percent, making it a phenomenal […]

Silver Supply and Demand

News hit today that the US Mint is already out of stock of 2013 silver bullion coins. Due to unprecedented investor demand, they won’t have more coins for sale until the end of the month. Kind of gets you wondering just how much silver is in the world today. Check out this entertaining info-graphic from Visual Capitalist: […]

German Gold Repatriation Raises Questions

Gold is back in the spotlight this week with the news that Germany’s central bank is going to begin repatriating its gold held in the US and France. Germany – the only nation in the EU that seems concerned about fiscal responsibility – has the second largest gold reserves in the world after the US. All […]

LBMA 2013 Precious Metals Forecast

The London Bullion Market Association just released their 2013 precious metals price forecast. While it’s not as bullish as some expert opinions, the LBMA does project more than a 5% increase in the gold price, and even better for silver and platinum. Looks like precious metals will remain safe haven assets in a time of […]