Peter's Blog

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 […]

Focus on Fundamentals: Chinese Gold Production Drops in First Half of 2018

Gold production in China fell nearly 8% year-on-year in the first half of 2018, according to data released by the China Gold Association. China ranks as the world’s leading gold producer.

Cost of Servicing US Debt Hits Decade High

After Pres Trump signed a bill raising the debt ceiling last fall, we warned that rising interest rates could crush the US federal budget under interest payments. Well, interest rates are going up and so is the cost of servicing the US government’s $21-plus trillion debt.

Shop the Sale! Exclusive Offer on Canadian Mint “Call of the Wild” Gold Eagle Coin

Not too long ago, my wife came home with two big flats of Powerade. We didn’t need Powerade. We had plenty. And yet I praised her for her shopping prowess. Why? Because she got the stuff dirt cheap and we’re going to need more Powerade down the road. Smart shoppers look for bargains. And right now, […]

America’s Fake Recovery Built on Working-Class Debt

It’s time to get real. This grand economy everybody keeps telling us about is actually a house of cards built out of cheap money and debt. And it won’t take much to blow it over. A recent article by Reuters reveals just how precarious the so-called economic recovery really is. According to the report, the bottom […]

Peter Schiff: Trump Is Laying a Foundation of Blame

The dollar declined sharply, pushing gold up late last week as Pres. Trump criticized the Federal Reserve’s interest rate policy. Trump took aim at the Fed during an interview on CNBC, saying he’s “not thrilled” with the central bank’s push to raise rates. Because we go up and every time you go up they want […]

Three Macro Trends that Look Good for Gold in the Second Half of 2018

Gold got off to a roaring start in 2018, with the price rising more than 4% during the first quarter. But the yellow metal finished June down the same amount and has continued to fall during July. Despite the weakness in gold over the last couple of months, the World Gold Council says several factors […]

Untangling Bitcoin and Blockchain

Bitcoin and the blockchain are joined at the hip – so much so that a lot of people don’t distinguish between the two. Cryptocurrency and blockchain have almost become synonymous. But in fact, they are two different things, and it’s important to understand the distinction. The blockchain is a technology. Cryptocurrency is a medium of […]