Peter's Blog

Chinese Gold Consumption Surged in 2017; Production Fell

Gold consumption in China grew 9.41% in 2017, according to information released by the China Gold Association. Gold jewelry demand, especially in poorer regions, helped drive overall demand higher. The Chinese consumed 1,089 tons of the yellow metal last year. The South China Morning Post called the surge in demand “a big turnaround” after a […]

Hedge Your Bitcoin Position With Gold

The price of Bitcoin fell below $10,000 this week. It rallied once again and pushed back above that key level, but turmoil continues to plague the world of cryptocurrencies. We’ve been advising a diversified approach to crypto investing. Recently, Franco-Nevada president and CEO made a similar recommendation. If you need to hedge your Bitcoin position, […]

When There’s Stock Market Volatility, Gold Is the Place to Hide

The Dow Jones suffered its biggest one-day drop since August on Tuesday, falling 363 points. The Dow has lost 540 points in two days, the biggest decline since September 2016. According to analysts quoted by CNN, fear of a tanking bond market is one of the main factors behind the stock market dip. The bond […]

$10,000 Gold?

Jim Rickards has been talking $10,000 gold for a while. This seems like an absurd number, but Rickards insists the dynamic exist to push gold to that level – when the world financial system collapses under its own weight. Rickards has been making the rounds again lately, saying gold is in the midst of its […]

Peter Schiff Throws a Bucket of Cold Water at the Economic Optimists

Everybody seems bullish on the economy. Nobody is worried about anything, even though there is everything to be worried about. Peter Schiff said he feels like he’s in Alice in Wonderland. In his most recent podcast, he referenced a Morgan Stanley analyst interviewed by CNBC. She’s unquestioningly bullish on every front. Everything is bullish. There […]

The House of Cards the Central Bankers Built

Over the last two years, the Federal Reserve has been nudging interest rates higher and their efforts are starting to bear fruit in the marketplace. Bond yields are beginning to climb. The question is how high can rates go before the house of cards the central bankers built comes tumbling down?

Survey: Precious Metals Retailers Bullish on Gold and Silver

Precious metals dealers are bullish on gold and silver in 2018. According to an informal survey conducted by the nonprofit Professional Numismatists Guild, retailers anticipate gold will reach $1,460 this year, and perhaps climb even higher. They also like silver’s prospects, projecting the price to hit the $20 per ounce mark.

Peter Schiff: The Dollar Is Tanking; Gold Is Soaring; Nobody Cares

The dollar continued to tank Wednesday, hitting a 3-year low after Treasury Secretary Steven Mnuchin said he welcomed a weakening dollar. The dollar index measuring the greenback against a basket of six major currencies slipped below 90 for the first time since December 2014. Meanwhile, gold climbed, hitting its highest level since August 2016. 

Cryptocurrencies Are No Substitute for Gold

The World Gold Council has weighed in on the cryptocurrency vs. gold debate. Unsurprisingly, the organization came down on the side of the yellow metal. But despite whatever bias you might perceive, the WGC report is certainly worth considering.

Four Fundamental Roles of Gold in Your Portfolio

Why should you buy gold? A report published this week by the World Gold Council pinpoints four key reasons. Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good as much as an investment. As such, gold can play four fundamental roles in a […]