Peter's Blog

Peter Schiff: Rate Hikes Are Over; Fed Will Ease Next (Video)

The Federal Reserve made its much-anticipated move yesterday, nudging up the key interest rate by a quarter point. Peter Schiff did an interview with The Hard Line on Newsmax TV a short time later, reiterating what he was saying before the Fed’s announcement – the rate hike does not indicate confidence in the US economy. […]

Fed’s Optimism About Economy Crushed By Actual Data

The Fed appears to be skipping merrily toward an interest rate hike this afternoon, which is supposed to signal that the US economy has recovered. But as Peter Schiff has been pointing out relentlessly on his Facebook page, the actual economic data tells a completely different story. In fact, the economy isn’t nearly as good […]

Austria Begins Gold Repatriation; Maybe You Should Too

Austria has started acting on its plan to repatriate a big chunk of its gold reserves. Last week, the Austrian National Bank announced it brought 15 tons of gold back into the country. According to Reuters, a spokesman said the bank began repatriating the gold from London in October:

Mainstream Economists Agree with Peter Schiff: Rate Hike Can’t Stick

The Federal Reserve’s Federal Open Market Committee will kick off its December meeting Tuesday. Most pundits seem to think the Fed will raise the benchmark short-term interest rate from near zero to 0.25 on Wednesday. But many economists agree with Peter Schiff that even if the Fed ticks the rate up this week, it won’t […]

The Lesson of Economic Crises History: Be Prepared (Video)

We tend to think of economic crises as relatively rare, isolated events like the Great Depression or the 2008 meltdown. But in truth, they are pretty common. They’ve been happening for thousands of years, and few generations escape them. This fascinating video by HowMuch graphically illustrates the history of economic crises.

Gold Standard Myths; It’s All About Power

If you want to be ridiculed by mainstream pundits, economists, and financial analysts, just bring up the gold standard. Republican presidential candidate Ted Cruz got the full treatment after a recent GOP debate when he had the audacity to suggest, “I think the Fed should get out of the business of trying to juice our […]

American Silver Eagle Sales Break Record

US Mint set a new record for American Silver Eagle bullion coins this year. The mint sold over 44,850,000 ounces of American Silver Eagles, topping the previous record of 44,006,000 ounces set last year. Analysts expect the final sales total for 2015 to come in between 45 and 47 million ounces.

Focus on Fundamentals; Gold Supply Likely to Shrink

While analysts and investors debate the latest jobs report, or obsess over the most recent Federal Reserve announcement, it’s easy to overlook the basic fundamentals of the gold market. With that in mind, consider this recent news: one of the world’s top gold producers says market dynamics may well lead to shrinking gold supplies in […]

China Importing Silver at Record Pace; Indians Cling Tightly to Gold

Asian countries are not only buying up gold, they also have a huge appetite for silver. Chinese imports of the white metal are on a record-breaking pace this year, driven partly by strong demand for jewelry and industrial applications such as solar panels. According to the Wall Street Journal, based on the current trend, Chinese […]

Chinese Stockpile Gold at Accelerated Pace in November

China continued adding to its gold reserves and accelerated its pace in November. According to Bloomberg, the Chinese upped their stash of of gold an estimated 21 tons last month, the largest increase in at least five months. The value of gold assets was $59.52 billion at the end of last month from $63.26 billion […]