Peter's Blog

Gold’s Steady Migration from West to East

There has been a steady migration of gold from West to East over the last three decades. When the World Gold Council published its first Gold Demand Trends report 30 years ago, Asian demand made up 45% of the world’s total. Today, the Asian share of global gold demand is approaching 60%.

Video Evidence: People Don’t Understand Gold or Money

The average person doesn’t understand gold. Or even money for that matter.

Alabama Joins Pushback Against a Central Bank Digital Currency

Another state has taken action hoping to hinder the implementation of a central bank digital currency (CBDC) in the United States. Last week, Alabama Governor Kay Ivey signed a bill into law that pushes back against CBDC in a small way that could place some roadblocks in the path toward implementing a digital dollar.

North Carolina Bill Would Launch Study of a State Gold Bullion Depository

A bill making its way through the North Carolina legislature would mandate a cost-and-benefit study on creating a state precious metals bullion depository. A bullion depository would not only create a safe place to store precious metals; it could also facilitate the everyday use of gold and silver in financial transactions in North Carolina and […]

Precious Metals Market Expected to Top $400 Billion in Next Five Years

The global precious metals market is on pace to top $400 billion within the next five years. According to Fortune Business Insights, an India-based consultancy company, the precious metals market is on pace to hit $403.1 billion by 2028, driven primarily by the gold market. This is up from $275 billion in 2021.

In Another Potential Blow to Dollar Dominance, Kenyan President Urges Shift Away from Greenback in African Trade

Dollar doubts continue to grow, threatening the greenback’s perch at the top of the global financial system. Last week, Kenyan President William Samoei Ruto suggested that African nations should shift away from using the dollar in intercontinental trade.

The Inflation Tax Is Eating Your Lunch

How much is the inflation tax costing you? Based on calculations by public finance economist EJ Antoni, around $7,200 since January 2021 for the average family.

Big May Shortfall Pushes 2023 Budget Deficit Well Over $1 Trillion

Congress “solved” the debt ceiling problem by effectively eliminating borrowing limits for the next two years. But it did nothing to address the underlying problem. And that underlying problem is painfully obvious when you look at the monthly budget deficits the federal government continues to run month after month. In May, the Biden administration piled […]

Silver Is Significantly Underpriced Given the Looming Supply Shortage

Given the current macroeconomic environment and the supply and demand dynamics, silver is significantly undervalued at $24 to $25 an ounce.

High Interest Rates Not Stopping Americans from Running Up More and More Debt

Despite the high interest environment intended to slow down borrowing, American consumers continue to run deeper and deeper into debt as they cope with sticky inflation. Consumer credit spiked by another $20 billion in April, a 5.7% increase year on year, according to the latest data released by the Federal Reserve.