Peter's Blog

Peter Schiff: The Problem With Phony Prosperity Is That It’s Phony

A lot of seemingly positive economic data came out last week, but in his most recent podcast, Peter Schiff said it is just feeding into a delusional economic narrative that ignores the most fundamental storyline – debt. Everybody is talking about a new era of prosperity, but Peter said it’s a phony prosperity and it […]

Gold In Tech: Tiny Golden ‘Robots’ Can Cleanse Your Blood

It’s like something out of a sci-fi movie – tiny robots zipping around through your veins zapping dangerous microbes. Except this isn’t some fictional scenario out of a Star Trek movie. It’s real-life technology thanks to gold. Scientists have developed gold “robots” coated with a membrane that neutralizes dangerous pathogens such as MRSA. This is […]

Some in Mainstream Starting to Acknowledge Dollar Bear

Not everybody in the mainstream is bullish on the dollar and expecting rate hikes as far as the eye can see. In fact, the global head of commodities at TD securities sounds a little like Peter Schiff. In his podcast last week, Peter said that the recent dollar strength is nothing more than upside correction […]

Monkeys Are Better at Predicting Markets than Mainstream Pundits

Investors spend a lot of time mulling over predictions and prognostications made by various mainstream analysts, economists and talking heads on TV news shows. As it turns out, you might be better off listening to monkeys. As Jim Rickards put it, financial news TV is one big “prediction engine.” CNBC features as many as 120 […]

Rising Interest Rates Cutting a Lifeline for Consumers

Climbing interest rates are putting the squeeze on the mortgage refi market. Applications to refinance home mortgages fell 5% last week, dropping to an 18-year low. According to CNBC, mortgage application volume was nearly 27% lower than a year ago when rates were lower. The refinance share of total mortgage application volume fell to its lowest […]

Report: Gold in the Early Stages of a New Bull Market

Are we in the early stages of a gold bull market? Incrementum thinks so and offers three key reasons for this assessment in its most recent In Gold We Trust Report. At the moment we are at the turning point towards a gold bull market. The macroeconomic and geopolitical factors support this tendency. One of […]

St. Louis Fed President Comes Up With Another Excuse to Stop Raising Interest Rates

It looks like the Federal Reserve may have another excuse to slow or even stop hiking interest rates if it so desires. According to the conventional wisdom, the Federal Reserve is in the process of “normalizing” interest rates and will continue to push rates up into the foreseeable future. But could the Fed be close to […]

Sub-Prime Credit Card Delinquency Rates Rise Above Financial Crisis Peak

Americans have loaded themselves down with debt and some are struggling to pay the bill. Total household debt hit a record $13 trillion in 2017, eclipsing levels seen on the eve of the Great Recession. Americans have been burning up the credit cards. Revolving debt grew by $26 billion in the fourth quarter of 2017 alone, a […]

Peter Schiff Potpourri: Oil, Bonds, Bitcoin, Tariffs and Guns

In his most recent podcast, Peter Schiff hit a number of subjects including oil prices, bond prices, Bitcoin, the dollar and tariffs. Peter said he thinks we’re seeing a lot of movement in a number of markets that are counter to the long-term trends. For instance, oil dropped late last week, but he expects it’s […]

Axis of Gold: Countries Could Undermine Dollar Dominance Using Yellow Metal

Last week, we explained how economic sanctions on Iran could boost the price of gold as Iranians turn to the yellow metal as a way to skirt restrictions. In a recent article published by the Daily Reckoning, financial expert Jim Rickards put this in a broader context. He described an evolving “axis of gold” as […]