Peter's Blog

Peter Schiff Nails His Prediction about Gold After the Rate Hike

In the weeks leading up to the Federal Reserve’s interest rate hike announcement, almost every mainstream analyst and pundit was predicting doom and gloom for gold. Everybody, that is, except Peter Schiff. He predicted good things for gold, and it’s looking more and more like he nailed it. Conventional wisdom was that a rise in […]

Limited-Time Gold Maple Sale; Our Lowest Price Ever

SchiffGold has just acquired a very limited quantity of mint-condition, uncirculated 1979-1982, 1-ounce Maple Leaf Gold Coins. These 99.9% purity coins are the perfect opportunity to buy gold near the market bottom. SchiffGold has not seen Maple Leafs priced this low since we began business. This sale will end when our supply runs out.

China Adds More Gold; Buying Spree Expected to Continue Through 2016

China added another 19 tons of gold to its reserves in December, continuing a buying spree analysts expect will continue through 2016. Since announcing its reserves for the first time in six years last summer, the People’s Bank of China (PBOC) has steadily added to its hoard. The PBOC added 14 tons in October, 15 […]

Peter Schiff’s 2016 Outlook for Gold Fundamentals (Video)

On Kitco News yesterday, Peter Schiff put the past three years of falling gold prices in perspective. He emphasized that gold’s recent performance should be considered in the larger picture of a gold bull market that began in 1999. It has simply been investor assumptions and speculation about an improving economy that allowed gold’s correction […]

Falling Supply and Other Silver News

The Silver Institute has released its December issue of Silver News. This edition spotlights falling silver supply and soaring silver bullion coin demand. Total silver supply is forecast to fall to 1,014.4 million ounces in 2015, down 3% from the previous year. At the same time, silver bullion coin sales reached a fresh record high […]

Atlanta Fed Slashes Q4 GDP Forecast in Half

The Federal Reserve Bank of Atlanta’s GDPNow estimate released today forecast a dismal 4th quarter GDP number. The forecast was nearly cut in half from 1.3% on December 23rd to 0.7% today. It remains much worse than the mainstream consensus estimates: Here’s what the Atlanta Fed had to say, citing the same manufacturing numbers Peter […]

Justifying the War on Cash

A recent New York Times feature went to great lengths to promote the idea of a cashless society, focusing on the war on cash in Sweden. The Nordic country sits on the cutting edge of the movement away from cash. As the Times put it, cash is so “last century”: Few places are tilting toward […]

Another Nail in Rate Hike Coffin: Debt Distress Level Highest in Five Years

Peter Schiff has been saying that the December Federal Reserve interest rate hike is likely a one-and-done deal, with rates going back to zero or lower, and another round of quantitative easing in the cards for 2016. Peter insists that the US economy isn’t in good shape, and it can’t even sustain the recent small […]

Looking at Gold Without the Dollar Blinders

If you want to see the value of gold in a currency crisis, just look north. When people tell you “gold is down,” you should always ask an important question: compared to what? If you bought gold in Canadian dollars (CAD) last year, you’re probably pretty happy. Gold is up 7.9% in the Great White […]

Obamacare a Millstone Around the Economy’s Neck

The recent Federal Reserve rate hike was supposed to assure us that the US economy is improving. But as we’ve shown, the actual economic data just doesn’t back up the optimism. At best, the economy remains tepid, and Peter Schiff has argued that it is likely heading toward another recession. As a result, Peter doesn’t […]