Peter's Blog

Scammers Pick Pockets with Silver Bars Advertised as “Real Steal”

The headline on the Pittsburgh Tribune-Review website says it all – “Collectors willing to overpay for silver.” The article highlights an ongoing silver scam in Pennsylvania and other states featuring “US State Silver Bars.”

Economic Realities Driving Mexicans Home

Mexican immigrants are going home. For the first time in more than 40 years, more Mexicans are leaving the United States than entering. Citing a Pew Research Center report, USA Today notes that from 2009 to 2014, an estimated 870,000 Mexicans came to the US, while 1 million returned home. That represents a net loss for […]

Student Loans Sold on Lies

More than 80,000 student loan debtors can now apply for loan forgiveness through the US Department of Education after the conclusion of an investigation into now defunct Corinthian Colleges this week. The company once owned more than 100 for-profit colleges. It filed for bankruptcy in May in the wake of a probe into its practices. […]

Silver Market Heading for Third Straight Annual Physical Deficit

The silver market will likely face its third consecutive annual physical deficit in 2015, according to the recently released Interim Silver Market Review by Thomson Reuters. A drop in supply due to flat mine production and a spike in demand for silver coins are among the factors figuring prominently in the predicted physical deficit. Silver […]

Gold Is Insurance: Buy Before You Need It

Gold rallied in the wake of the tragic ISIS terror attack in Paris on Friday. Multiple media reports framed the rise in the price of gold as “safe haven demand.” The Wall Street Journal put it succinctly: The precious metal has long acted as a safe store of value during periods of heightened global uncertainty.” […]

Ben Carson Illustrates Political Class Devotion to Central Planning

After the last Republican presidential debate, candidate Ben Carson told Fox Business host Neil Cavuto he wouldn’t necessarily remove Janet Yellen as head of the Federal Reserve. His reasoning was astonishingly shallow. Did he articulate some in-depth policy insights to bolster his comments? Did he cite some kind of Yellen policy success? Did he appeal […]

Global Gold Demand Surges in Third Quarter

Gold demand showed a healthy increase in the third quarter according to a report released by the World Gold Council. Total gold demand in Q3 stood at 1, 121 tons, an increase of 8% compared to the third quarter of 2014. Global investment demand helped drive the overall increase. It surged 27% to 230 tons, […]

Silver Coin Shortages and Other Silver News

The Silver Institute has released its October issue of Silver News. This edition spotlights the continuing demand for silver bullion coins, highlighting the fact that the US Mint, the Royal Canadian Mint, Australia’s Perth Mint, the Austrian Mint, and the British Royal Mint recently all put their silver bullion coins on allocation at the same […]

Rate Hike or No, Dec. Fed Meeting Will Be Bullish for Gold (Video)

After a year of anticipating a Federal Reserve interest rate hike, all eyes are on the Fed’s December meeting. There are two obvious outcomes: the Fed does raise interest rates or it does not. In his November Gold Videocast, Peter Schiff explains why both scenarios are bullish for gold. Peter points to the behavior of […]

Gold Is On Sale in US Dollars Compared to Other Currencies (Video)

Rob McEwen provided Kitco with an insider’s view on the mining industry and physical gold investment. McEwen was the founder and former CEO of Goldcorp, the world’s fourth largest mining company, so his insights into precious metals should not be taken lightly. McEwen had 3 very important observations for investors: 1. If prices remain this […]