Peter's Blog

IRS Building Walls to Keep Americans In

There has been a tremendous amount of debate about building walls to stop illegal immigration. But the IRS is building walls to keep Americans in. The US government is cracking down on Americans with outstanding tax bills by revoking passports. 

Gold in Tech: Gold Nanoparticles Could Boost Solar Energy Storage

Rutgers University-New Brunswick researchers have developed a star-shaped gold nanoparticle that could open the door to improving storage of solar energy. According to scientists at the university, the nanoparticle coated with a semiconductor can produce hydrogen from water over four times more efficiently than other methods. The development could boost solar energy use and possibly […]

South Africa Gold Output Down 16% in May; Eighth Straight Month of Decline

South African gold output saw its biggest drop in over a year in May, falling 16.2% year-on-year. This is another sign that the one-time world leader in gold production could be running out of the yellow metal. May’s decline came on the heels of a 5.8% drop in production in April. It was the eighth […]

Parents Feeling the Student Loan Squeeze

Total household debt climbed to a record $13 trillion in 2017. One factor driving overall American indebtedness higher is the ever-increasing burden of student loans. A recent article in the New York Times focused on three charts that illustrate the ever-increasing toll of the student loan bubble – and it’s not just impacting students. Parents are […]

Are We Running Out of Gold?

Last May, the head of the world’s largest mining company said we’ve found all of the gold. Goldcorp CEO Ian Telfer told the Financial Times, “we’re right at peak gold here.” Peak gold is the point where the amount of gold mined out of the earth will begin to shrink every year, rather than increase, as […]

Peter Schiff Digs Down to the Root Cause of the Trade Deficit Problem

In last Friday’s podcast, Peter Schiff talked about the potential impact of the trade war, arguing it could prick the US bubble economy. As a follow-up, in his latest podcast, Peter talked more about why a trade war could be worse for the US economy than most pundits seem to think, and he dug down […]

Survey: Nearly Half of Australians Have Never Considered Investing in Gold

Have you ever thought about owning gold? That may seem like a strange question. You’re probably thinking to yourself, “Why everybody has at least thought about investing in gold.” But that’s apparently not true – at least not in Australia.  According to a poll conducted by Australia’s leading gold bullion company, 45% of Australians have […]

Could Rising Margin Debt Be a Sign the Stock Market Bubble Is Close to Popping?

In another sign the stock market bubble could be near the popping point, investor margin debt hit a new record high, even has the Dow Jones has sold off around 2,500 points since highs earlier in the year. According to the Financial Industry Regulatory Authority (FINRA) margin debt hit $669 billion in May. That represented a […]

Peter Schiff: Could the Trade War Prick the Bubble Economy?

There was a lot of trade war talk at the end of last week. In fact, on Friday, some pundits said the trade war officially began. Last Thursday, President Trump said the US may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods, and a round of tariffs went into effect. […]

Gold Flowed Out of North American ETFs Last Month; Global Holdings Up on the Year

European gold-back ETFs continued to add yellow metal in June, but globally, total holdings fell for the first time in nearly a year as gold flowed out of North American and Asian funds. Global gold-backed ETF holdings fell by 49.3 tons to 2,434 tons in June, according to the latest data released by the World […]