Peter's Blog

A Real Recession is Better than a Fake Recovery

In a recent article on the next looming recession, Peter Schiff explains how current monetary policy has come to a crossroads. With respect to interest rates, there now seems to be two entrenched camps: raise or don’t raise. Unfortunately, they’re both wrong, mainly because they’re beginning with the wrong premise: that the economy can somehow […]

Fed Up Friday: Oct. 1 – 7

A wilting, stifled economy is the story this week with the Fed. They’re trapped, unable to bolster the economy and they have no ammo to halt inflation. Fed President Lacker Urging Preemptive Rate Increases Regular Fed dissenter Jeffrey Lacker said this week he sees even bigger rate increases coming in if the Fed doesn’t start […]

Millennial Student Loan Debt Tanks Housing Market

There are currently about 54 million millennials entering the workforce in the US, and for many of them, the idea of buying a home isn’t an immediate goal. That’s because the majority (70%) are under an enormous amount of student debt. Large school loans are motivating many millennials to put off their first home purchase […]

Secret Swiss Gold Vault Storage on the Rise

Ever since the financial crisis of 2008, many investors have bought gold and precious metals to withstand the storm of volatile markets and insolvent banks. Demand for gold storage services is so in-demand throughout the world, Switzerland vault owners are turning customers away. Many of these Swiss vaults reside in the Alps within old military […]

Fed Up Friday: Sept. 24 – 30

The Fed wasn’t immune from the political spectacle that was the Presidential debate on Monday. After that, Yellen had to answer even more criticisms from the nation’s financial regulation. “The Fed is being more political than Secretary Clinton”— Trump In Monday’s much-awaited presidential debate between Hillary Clinton and Donald Trump, there were many contentious topics […]

Yellen Dodges Questions on Interest Rates and Political Motives

On Wednesday, Federal Reserve Chairwoman Janet Yellen testified before the House Financial Services Committee on financial regulation. The Fed Chair took criticism from both sides, with Democrats and Republicans criticizing the regulatory body for doing too much and for doing too little. Among the topics was the over-reach of Dodd-Frank, breaking up “too big to […]

Fed Up Friday: Sept. 17 – 23

In light of the Fed rate hike news finally dropping this week, we can start looking ahead to the rest of the year. It’s a great time to be Fed Up with the election looming and global central banks making moves to preserve their economic health into next year. Fed Holds Interest Rates “For the […]

What Retirement Fund is Best for Buying Precious Metals?

Many investors wonder whether they can use their retirement funds for buying physical precious metals. It’s important for those who want to diversify their portfolios and reap the wealth-retention benefits of gold and silver. The answer depends mostly on what type of retirement fund you have.

High Gold Prices Stimulating Recycling Jump in India

India has traditionally been one of the largest gold markets on the planet, second only to China. However, the high price of the yellow metal is threatening India’s status as a leading importer of gold. Indian gold bazaars are the common places of exchange, and lately, their owners have seen a mass movement of people […]

Fed Up Friday: Sept 10 – 16

If this week’s any indication, it seems as if the Fed is a divided house. Former dovish members are now suggesting tightening while others want to stay the course of QE and low interest rates.  What’s more, the Fed itself is likely to become a political football if Donald Trump has his way. The Republican presidential nominee […]