Peter's Blog

American Gold and Silver Eagle Sales Continue at Torrid Pace

The demand for gold and silver bullion coins surged in the last half of 2015, and it has not abated so far this year, despite a rally in the price of both metals. Last year, demand was so strong the US Mint sold out of American Silver Eagles in July. Inventory was replenished in August, […]

Gold Defies Headwinds; Demand Surges in Last Half of 2015

After a tepid first half of 2015, demand for gold rallied during the last half of the year, despite a number of economic and external factors working against it. According to the World Gold Council’s Gold Demand Trends Full Year 2015 a surge in demand during the fourth quarter turned around what was looking to […]

The Addict Needs More Drug; Is Permanent Quantitative Easing in Our Future?

Central bankers want you to think they have all the answers. They talk about their policy “tool kits” as if they can just reach in and find the proper solution for any possible economic scenario. But if you peer behind the curtain, it becomes apparent they may not really know what they’re doing after all. […]

Four US States Officially in Recession; Data Points to Broader Problems

With four states officially in recession, and economic data continuing to point toward a broader downturn, it’s getting increasingly difficult for officials to sell the illusion of a strong US economy. Peter Schiff has been saying for weeks that the US may already be in a recession. Recently, Jim Grant appeared on CNBC’s Closing Bell […]

Armed Marshals Arrest Student Loan Debtors; Is the Bubble About to Burst?

Could the student loan bubble be on the verge of popping? If desperate government actions serve as any indication, it may well be. Last week, seven US Marshals armed with automatic weapons came to Paul Aker’s home in Houston to arrest him for a $1,500 student loan debt dating back to 1987. According to the […]

The $100 Bill Could Be the Next Victim in the War on Cash; Don’t Become One Too

The war on cash heated up this week when a former Obama economic adviser/ex-Treasury secretary floated the idea of eliminating the $100 bill. Lawrence Summers called for death to the Benjamins in a post on his Washington Post blog titled It’s Time to Kill the $100 Bill. The post announced the release of a paper […]

Don’t Trust “Gold-Backed” COMEX Funds; Take Physical Possession of Your Gold (Video)

Kyle Bass, a well-known hedge fund manager who profitably shorted the subprime mortgage crisis, strongly believes gold investors should take physical possession of their precious metals. Speaking about his role as a fiduciary board member for the University of Texas Investment Management Company (UTIMCO), Bass explained last year why he advised UTIMCO to take physical […]

Negative Interest Rates a Positive for Gold

Negative interest rates are becoming more and more in vogue and that could be good news for gold. Last week, Sweden’s central bank plunged a key interest rate even deeper into negative territory. Riksbanken slashed the rate from negative 0.35% to negative 0.50%. Many analysts anticipated the rate reduction, but the magnitude of the cut […]

Special Video: Jim Cramer & CNBC Now Love Gold (Video)

All of a sudden, everybody has gone bullish on gold, even Wall Street. Within the last couple of days Jim Cramer, the CNBC Nightly Business Report, and Van Eck Global all sang gold’s praises. Cramer said, “There is a bull market in Gold,” and CNBC Nightly Business Report opened the show Monday proclaiming, “Hard assets […]

Going Negative: Analysts See Increasing Likelihood of Sub-Zero US Interest Rates

Mainstream analysts have started seriously talking about the possibility of negative US interest rates in the near future. On the heels of the Bank of Japan dropping a key interest rate to negative 0.1% late last month and indicating it is willing to go deeper into negative territory, Bloomberg reports that American analysts see an […]