Peter's Blog

Welcome to Obama’s Grand Jobs Recovery: Part-Time Work for Everyone!

Jobs, jobs, jobs! We’ve been hearing about strong jobs growth for months. And it’s true. There are lots of new jobs. It’s a good thing too, because a lot of people need two or three to make ends meet in today’s economy. The Fed is hinting strongly at an interest rate hike in June. In […]

Foreign Central Banks Jettisoning US Debt at Alarming Pace; Buying Gold

Continuing a trend that started last year, central banks around the world are dumping US debt at a record pace. Central banks sold off a net $17 billion in US Treasury bonds in March. Sales set a record in January, hitting $57 billion. China, Russia, and Brazil led the way, each dumping at least $1 […]

Chinese Bank Buys Huge London Gold Vault Expanding Influence on World Gold Market

China is serious about gold and continues to expand its influence on the world gold market. On Monday, China’s largest bank announced the purchase of one of Europe’s biggest gold vaults. Reuters reported the sale: ICBC Standard Bank is buying Barclays’ London precious metals vault, giving the Chinese bank the capacity to store gold worth […]

Now Is Not a Normal Time: Central Banks Buying Piles of Gold

These are not normal economic times. Interest rates have remained artificially low, plunging into negative territory in many places. Central banks continue to inflate the money supply with quantitative easing. Some policy-makers have even floated the idea of helicopter money. Worldwide money printing is reportedly approaching $100 trillion. There is no end to this crazy […]

Investors Piling into Gold; Demand in Record Territory

Gold demand hit near record levels in the first quarter of 2016. Despite the price rising nearly 17%, the demand for gold surged 21% in the opening quarter of the year. It was the second largest quarter on record, according to the World Gold Council. Gold demand hit 1,290 tons in Q1. Concerns about economic […]

Gold’s Best Quarter in 30 Years Is Just the Beginning

Last week, we reported that billionaire investor Stanley Druckenmiller is publicly advising investors to sell United States stocks and buy gold. Druckenmiller is now joined in his gold recommendation by an equally legendary hedge fund manager – Paul Singer. In a client letter at the end of April, Singer wrote: It makes a great deal […]

Pension Systems Pushing Some States Toward Bankruptcy: Where Does Your State Rank?

Recently, we reported on the rapid collapse of pension systems, both public and private, across the United States. This is not only jeopardizing Americans’ retirement. Failing government pension systems are pulling several states down into a black hole with them. When we talk about government debt, we tend to focus on the US national debt. […]

Could Your Kids’ Student Loan Debt Jeopardize Your Retirement?

Student loan debt continues to balloon. Data released in March revealed that 46% of student loans are not currently being repaid. That doesn’t even include debt held by students still in school or those within the six-month grace period after graduation. Clearly, this has major implications on the financial futures of Americans saddled with this […]

Janus Capital’s Bill Gross Peeks into the Future and Sees Money Falling from the Sky

Bill Gross took a peek into the future in his most recent Monthly Investment Outlook for Janus Capital, and he saw money raining from the sky. Gross said he believes the structural changes currently occurring in the US economy will ultimately lead to so-called helicopter money. Of course, choppers wouldn’t literally drop cash from the […]

New Report: Silver Demand Set Record In 2015; Supply Shrinking

Silver demand hit a record high in 2015 and it shows no sign of waning. GFMS, in collaboration with the Silver Institute, released its annual silver survey last week. Coin, bar, jewelry, and photovoltaic sectors boosted silver sales to a record 1.17 billion ounces. High demand coupled with shrinking supply resulted in the third consecutive […]