Peter’s Blog

Indians are hoarding their gold despite an increase in the price during the first quarter of 2018. Analysts say they are holding onto their gold in anticipation of bigger price increases. Gold was up around 1.5% in dollar terms in the first quarter of this year. According to the Economic Times of India, the yellow […]

Over the last several weeks, we’ve spotlighted a lot of data indicating the economy isn’t nearly as strong as the mainstream pundits keep telling us. We’ve focused on the collapsing retail sector.  We’ve looked at household debt and US consumer stress. We’ve talked a lot about the US federal debt and its potential impact on […]

Stocks rebounded Monday after their precipitous fall late last week. The Dow Jones rose 669 points. Then on Tuesday, it tanked again, falling over 300 points. In his latest podcast, Peter Schiff said the increase in stock market volatility is another sign things are different. He reiterated what he said last Friday. He thinks we are […]

Yesterday, we reported that some of the big mainstream players in the investment world, including Goldman Sachs, have suddenly gone bullish on gold. They aren’t alone. US Global Investors CEO Frank Holmes said he thinks the yellow metal might hit $1,500 per ounce this year. Even with the headwinds caused by Federal Reserve monetary tightening, […]

Twitter has announced a ban on cryptocurrency ads. The social media company’s announcement is more bad news in what has turned into several bad months for cryptocurrencies. 

In his most recent podcast, Peter Schiff said gold could explode at any minute. Maybe the mainstream was listening because some big players, including Goldman Sachs, have suddenly turned bullish on gold. Commodity analysts at Goldman say they expect gold to “outperform” in the coming months due to an uptick in inflation and “increased risk” […]

Last Thursday, the Dow Jones fell 724 points. It followed up with a 424 point decline on Friday. Meanwhile, the Nasdaq fell 2.43% Friday. Most analysts blamed the plunge on fear of an all-out trade war between the US and China. But the Federal Reserve rate hike on Wednesday also likely played a part in […]

Spending America into oblivion has become business as usual on Capitol Hill. On Friday, Pres. Donald Trump signed a $1.3 trillion dollar spending bill. The legislation funds the federal government through the remainder of the 2018 budget year, which ends Sept. 30. The bill directs $700 billion to the military and $591 billion to various […]

The Federal Reserve bumped up interest rates another 25 basis points this week. The target federal funds rate now stands at 1.75%. “Well, OK,” you might be thinking. “But this is just a bunch of wonkish policy stuff. What’s it to me?” In a nutshell, it means your debt is going to cost you more. […]

The Federal Reserve followed its script yesterday and raised interest rates another 25 basis points. But the central bankers did surprise some people by hinting at just two more hikes this year. Analysts have been fixated on the possibility of four 2018 rate increases. The Fed’s slightly more dovish tone on rate hikes sent gold […]