Peter's Blog

Analysts Predict Significant Drop in Gold Production in 2016

Mining industry leaders say gold production has reached its peak for the cycle, and that we should expect falling mine output and tighter supply in the future. According to CNBC, analysts say few big projects will reach the point of actual production over the next year: The lack of new assets and declining output at […]

Peter Schiff Media Roundup Jan. 4 – Jan. 15

Over the past two weeks, Peter Schiff released a podcast and a Schiff Report video. He also appeared on CNBC, the Daily Ledger, Fox Business, X22, Newsmax, Yahoo! Finance, Stefan Molyneux’s podcast , and CCTV America. Since the beginning of the new year, Peter has focused on the horrible start on Wall Street and the likelihood […]

Swiss Play Financial Hot Potato with Negative Rates

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Check out this article on an absolutely mind-boggling phenomenon taking place in Switzerland. Apparently Local Cantons (what states are apparently called over there) are actually telling […]

Chinese Bank Acquires Huge London Vault

China’s largest bank is buying the lease on a huge gold vault in London, another sign of gold’s continuing shift from West to East. As the Telegraph put it, acquisition of the 1,500 ton vault will enlarge ICBC Standard Bank’s footprint in the city’s bullion market: The Chinese and South African lender is aiming to […]

News Flash: US Mint Quadruples Silver Eagle Allocation; Sales Brisk

The flipping of the calendar to 2016 has not dampened the demand for silver bullion coins. The US Mint announced its first weekly allocation of American Silver Eagles for 2016 and the number was quadruple the amount rationed during each of the last five months of 2015. Sales have been brisk, according to Reuters:

Expect a Plunge in Corporate Earnings and Another Crack in the Economic Narrative

Peter Schiff has been saying for months that the US economy isn’t nearly as good as Federal Reserve and government officials want you to believe. Mainstream analysts and pundits seem to be doing their best to toe the line and paint a rosy picture, but we are starting to see a lot of cracks in […]

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 […]