Peter's Blog

Feds Set Monthly Spending Record: The Swamp Is Now Bigger and More Expensive than Ever

As Peter Schiff put it in a Facebook post, Trump promised to drain the swamp, but today, “The swamp is now bigger and more expensive than ever!” The US government spent a record $433.3 billion last month, running up a monthly deficit of $214 billion, according to data released by the US Treasury Department. That’s $433 BILLION […]

Report: China Will Drive Silver Market Forward

China will be a major player in the silver market in the years to come, according to a new report by the Silver Institute.  The Chinese impact on silver comes from both the demand and supply sides of the equation. China is by far the biggest silver consumer in the world. The Chinese account for […]

Jim Rogers: The Dollar Is on the Way Out

Investment guru Jim Rogers recently told RT that the dollar is just a few short years away from losing its global dominance. In the next few years, the American dollar is going to lose its position as the world’s reserve currency and the world’s medium of exchange.”

Dollar Worries Spur Central Banks to Buy Gold

For the last 10 years, central banks have been on a gold-buying spree. At least some of them have. On net, central banks globally added 193.3 tons of gold during the first half of 2018, according to World Gold Council data. That represents an 8% increase over 2017. The last time we saw this kind of […]

Silver on Sale! Silver-Gold Ratio Hits Highest Level in 27 Years

The silver-gold ratio has hit levels not seen in more than 25 years. The ratio pushed above 85 this week. To find a higher silver-gold ratio, you have to go all the way back to 1991. As Peter Schiff has said, “This is silver on sale.”

Peter Schiff: The Latest Jobs Report Was Anything but Strong

The August jobs report came out last Friday. Mike Maharrey offered a little bit of analysis during the Friday Gold Wrap podcast, saying he was skeptical that the actual employment situation is as great as the mainstream seems to think. Peter Schiff offered a more in-depth breakdown of the employment report in his latest podcast, […]

Gold in Tech: Gold Helps Reveal Defects in 3-D Printed Objects

3D printing is a rapidly evolving technology that could potentially change the world like the internet did. People are most familiar with 3-D printing due to the controversy surrounding 3D printed firearms. But the technology can be used to produce everything from tiny precision components to houses. Now gold has a role to play in […]

Peter Schiff: I Think This Is Going to Be the Perfect Storm for Gold

When the New York Times published an op-ed from a White House insider claiming there are people inside the Trump administration actively working to undermine the president, the markets shrugged it off. In fact, as Peter Schiff said in a recent interview on thestreet.com, the markets are shrugging pretty much everything off. Everything is bullish as […]

Gold Flowed into Asian and European ETFs in August, But North America Continues to See Outflows

Gold flowed into European and Asian ETFs last month, but outflows from North American funds pushed total global holdings lower. Funds listed in China drove Asian ETF stocks of the yellow metal up last month. Asian ETFs added 2 tons of gold in August as investors hedged trade risks and currency weakness. Asian funds have […]

Gold and Silver Behaving A Lot Like They Did in 2008

The prices of gold and silver are behaving very much like they did in 2008. You remember what was happening in 2008, right? After the dot.com bubble burst, the Federal Reserve swooped in and dropped interest rates to an artificially low level. In the mid-2000s, the economy boomed and the housing bubble inflated driven by the sudden […]