Peter's Blog

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 […]

State Efforts to Facilitate Ownership of Gold and Silver Ramp Back Up in 2018

Many state legislatures kick off their 2018 sessions this month and that means continuing efforts to facilitate gold and silver ownership at the state level. Bills introduced in Tennessee and Alabama would repeal state sales taxes on the sale of gold and silver bullion, and an Arizona bill would build on a foundation set last year […]

Blockchain May Become an Important Part of the Gold Market

There is a lot of talk about Bitcoin versus gold, but the blockchain technology that serves as the foundation for Bitcoin may become an important part of the gold market in the future. According to a Bloomberg report, the London Bullion Market Association (LMBA) plans to seek proposals including the use of blockchain to track […]

Peter Schiff: The Bond Yield that Could Break the Camel’s Back

Ten-year bond yields have hit their highest level since July 2014. Meanwhile, the stock market has gone up about 45%  since that time. Contrast that with earnings that have increased just 6%. As Peter Schiff pointed out in his most recent podcast, a lot of the justification for that increase in stock market valuation has been […]

Housing Bubble 2.0

We’ve written extensively about the stock market bubble blown up by artificially low interest rates and Federal Reserve quantitative easing. But stocks aren’t the only asset bubble out there. In fact, 2017 may go down as the year of the bubbles. And the new housing bubble is one that seems to be floating under the […]

Fundamentals Look Good for Silver in 2018

All kinds of factors impact the price of precious metals, but supply and demand are the most fundamental. With that in mind, the stage seems to be set for silver to have a strong year in 2018. According to the Silver Institute 2018 Market Trends report, the silver market faces growing demand and shrinking supply […]

Global Debt Growing Three Times Faster than Global Wealth

Global wealth increased to a new record of $280 trillion in 2017, according to Credit Suisse Global Wealth Report 2017. That seems like pretty good news until you consider global debt is increasing nearly three times as fast.