Peter's Blog

Gold in Tech: Thermal Camouflage

We continue to see amazing new technical applications for gold. Now scientists have used the yellow metal to develop thermal camouflage that can make a person invisible to night vision cameras. 

What’s Going on in Turkey?

You’ve probably heard about economic troubles in Turkey. But what’s really going on and what caused it? In simplest terms, Turkey is in the midst of a currency crisis. The value of the lira has dropped to record lows. Year-to-date, the Turkish currency has fallen 45% against the US dollar. The official inflation rate is […]

Debt as Far as the Eye Can See

While mainstream pundits and talking heads cluck about great jobs number and amazing economic growth, by and large, they completely ignore the fact that the entire economy is built on giant piles of debt. In our Friday Gold Wrap podcast last week, Mike Maharrey talked about the fact that the economy is drowning in debt, focusing […]

Focus on Fundamentals: Indian Gold Demand Surges in July

Gold imports into India jumped for the first time in seven months in July as jewelers replenished stocks. Indian gold purchases surged 44.2% year-on-year to 75 tons. India ranks as the number two consumer of gold in the world. According to a Reuters report, increased demand, “could support global prices,” which are struggling to hold ground in […]

Even the Mainstream Sees a Buying Opportunity in Gold

Gold has had a tough few months. A dollar rally and rising interest rates have weighed on the yellow metal, driving the price down nearly 8% over the last three months. But as Mike Maharrey pointed out on last week’s Friday Gold Wrap podcast, gold is on sale right now and that means a buying […]

Peter Schiff: GDP Number Is an Aberration

The second quarter GDP number released Friday came in at 4.1%. It represents the fastest rate of growth since 2014. President Trump called the number “amazing,” bragging that, “We’ve accomplished an economic turnaround of historic proportions.” Peter Schiff wasn’t quite as impressed. In his latest podcast, he said this “peak GDP” is an aberration and it’s setting […]

IMF Disses Dollar

The International Monetary Fund dissed the dollar in its annual External Sector Report, saying the greenback is overvalued. According to a Reuters report, the IMF report also said that “nearly half of global current account balances are now excessive, adding to growth risks and trade tensions.”

Could China Be Secretly Building Up Its Gold Reserves?

Could China be secretly pumping up its gold reserves? Officially, the People’s Bank of China hasn’t added any gold to its hoard since October 2016. But some analysts don’t think the Chinese have stopped accumulating gold. They think they’ve just gone silent. 

Peter Schiff Talks Yield Curves, Inflation and the Looming Recession

Last month, we reported that the global yield curve inverted, signaling the possibility of a looming recession. While narrowing to levels not seen since right before the 2008 financial crisis, the yield curve has not inverted in the US. In his most recent podcast, Peter Schiff said he doesn’t think it’s going to happen. He said […]

Focus on Fundamentals: Indian Gold Demand Expected to Surge in Second Half of 2018

Analysts expect demand for gold in India to surge in the second half of the year thanks to a good outlook for farmers. A good start to the rainy season along with higher minimum support (MSP) for summer crops should boost the gold trade, according to a report in the Economic Times of India. Analysts […]