Peter's Blog

3 Reasons Gold is Rising and the Dollar is Falling

The price of gold is moving in contradiction to its economic purpose, which is to serve as an investor safe haven against inflation. Shortly after the election, the dollar index spiked as gold prices began a quick decline; however, recently the trend has reversed. Gold is now up around 7% since the Fed’s December rate […]

CPI Numbers Show Inflation Already Beyond Fed’s Benchmark

In Peter Schiff’s latest podcast, Peter discussed the Consumer Price Index and retail sales reports released last week. Janet Yellen provided the data in a report to Congress. The chairwoman’s testimony brought on a new wave of optimism in the markets that interest rate hikes would be coming sooner than last year’s cycle of promise-then-disappoint.

Day 28: Brazen Trump Inspires Murky Global Markets

Yellen spoke to congress this week, and her remarks about the new Commander in Chief could be foreshadowing an upcoming battle between the Fed’s goals and Trump’s plan to weaken the dollar. The President also made amends with China’s President Xi Jinping, but has new problems to deal with as other foreign governments shed their […]

Yellen’s Speech Balances Stable Growth with Unstable Trump

Fed Chairwoman Janet Yellen testified before Congress today with a hawkish tone that sent gold prices downward and bond yields upwards prior and during her testimony. Gold spot prices were down around $11/oz. toward the end of Yellen’s testimony. The 10-year note rose to 2.5% from 2.43% while the 2-year note yield jumped to as […]

Day 21: Trump Begins Looking Into Financial Regulation Reform

Trump’s third week in office brings us a look into rolling back financial regulation reforms, the power of the @POTUS’s tweets, and the new Department of Education director. New Executive Order Likely to Target Dodd-Frank This week, Trump signed an executive order calling for a review of financial regulations. Many Democrats are concerned the audit […]

Why Silver Prices Will Rise with Trump’s Stimulus Plan

Silver prices have been climbing steadily recently, rising almost 12% since the beginning of the year. The cost of silver is normally closely tied to the rise and fall of the price of gold, which has also seen a recent jump. Causes for the push in precious metals include a sluggish dollar, political and economic […]

Low Job Numbers Give Fed Excuse to Walk Back Rate Hikes

Earlier this week we got the first jobs report of 2017, and the headline number was the only positive stat presented. Overall, 227,000 jobs were created in January, which was 52,000 more than expected. As Peter Schiff breaks down on his latest podcast, that number is a bit deceiving. “First of all,” Peter explains, “as […]

Gold Price Hits 11-Week High; What to Expect This Week

Gold hit an 11-week high, opening Monday at $1,223.50 and climbing steadily all morning. By the afternoon, it had risen another $12. Interest in gold was spurred by a weak dollar and last week’s mixed US jobs numbers that “muted expectations for near-term interest rate hikes,” according to Reuters.

Day 14: Trump Becomes Volatile, Markets Respond Equally

Trump has issued more executive orders than he’s spent days in office so far, and week two of his Presidency started off with a divisive refugee ban. From there, things have been even more tumultuous for the markets, with justice department firings and rocky discussions with global leaders. Refugee Ban Tarnishes Foreign Relations and the […]

Student Loan Reforms to Watch for in 2017

So far, the Trump administration continues to deliver on some key campaign promises. These promises include the travel ban, federal hiring freeze, and authorizing the construction of the US-Mexico border wall. Higher education is another issue Trump will likely be addressing in the coming months, as it continually ranks as the biggest source of consumer […]