Peter's Blog

Late’s Restaurant Early to the Barter Party

Walk into the small restaurant near the shore of Lake Michigan in Manitowoc, Wisconsin, and the smell of burgers and deep-fried cheese curds will assault your senses. According to the Blaze, locals will tell you Late’s has the best burger in town. It’s a throwback kind of restaurant, complete with a long, winding dining counter […]

Looming Court Decision Could Hasten Pop of Student Loan Bubble

A federal case now under consideration in the First Circuit Court of Appeals  could have huge ramifications for millions of Americans buried under student loan debt, as well as lenders and US taxpayers. Bloomberg reports Robert Murphy is closer than ever to victory:

News Flash: Silver Demand Unabated; Perth Mint Sales Surge

After record-breaking world-wide silver demand in the third quarter of 2015, the surge continued in September, with Bloomberg reporting sales at the Perth Mint in Australia hit the highest level in at least three years last month. Sales of silver coins and minted bars jumped to 3.35 million ounces in September from 707,656 ounces the […]

Goldman Says Fed Likely to Hold Off Rate Hike as Negative Data Pours In

Goldman Sachs officials are ready to push back their rate hike forecast to late 2016. As Bloomberg reported, they are hedging their bets on a December rate hike (probably to save face): Goldman Sachs Group Inc. said there’s a chance U.S. policy makers will delay raising interest rates well into next year. While Goldman Sachs’s […]

News Flash: Yuan Passes Yen; Now Fourth Most-Used Payment Currency

The Chinese yuan continues to gain stature on the world financial stage, overtaking the Japanese yen to become the fourth most-used currency for global payments. Bloomberg reports the yuan rose to its highest ranking ever in August, boosting its claim for reserve status.

New Tool: Gold and Silver Bartering Made Easy

Barter with gold or silver provides a means of conducting business using real money with real value. SchiffGold has created an innovative tool to help you get started today. The ability to barter can be a lifesaver during a currency or banking crisis, as the situation in Greece vividly demonstrates. But you shouldn’t wait for […]

Raising Interest Rates Could Cause ‘Wonderland Economy’ to Collapse

Bank of England chief economist Andy Haldane dug through thousands of years of historical data and found interest rates now sit at the lowest levels in some 3,000 years. Wonkblog economic affairs reporter Matt O’Brien places the historic state of interest rates in vivid perspective in a Washington Post op-ed: This is the best time […]

Chinese Gold Holdings Up Again; Other Countries Also Hoarding the Metal

China continues to increase its central bank gold holdings, and other countries are following suit. The world’s largest bullion consumer upped its stash of the precious metal another 1% in August. Bloomberg reports the hoard rose to 54.45 million troy ounces in August from 53.93 million ounces a month earlier, according to data released by the […]

Zimbabwe Gold Miners Facing Crisis; Global Production Expected to Fall

As we reported a couple of weeks ago, mining companies worldwide face increasing obsticals, and analysts expect gold production to drop for the first time since 2008. Now Bloomberg provides us with a concrete example of the struggles facing many gold mining operations. According to the largest industry lobby group in the country, gold producers […]

Convenient Spot Price Tool for Precious Metals Investors

SchiffGold has a new tool to help you analyze the price of gold, silver, and platinum in real time. It also provides you with the detailed information you need for in-depth historical research. The new SchiffGold Price Charts page features an easy to read, live table with up-to-the-minute precious metals pricing. But the tools on […]