Peter's Blog

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 […]

Macy’s Q3 Report Reveals People Not Buying Stuff in “Recovering” Economy

While the government and mainstream media keep telling us, “The economy is improving, the economy is improving!” we keep getting news like this from the New York Times: With a hint at what may be in store for shoppers this holiday season, Macy’s cut its profit outlook and CEO Terry Lundgren said markdowns are likely […]

Watch the Student Debt Time Bomb Tick

Peter Schiff has been saying that it’s only a matter of time before the student loan bubble pops. Now you can watch the clock tick thanks to the new National Student Loan Debt Clock developed for MarketWatch by StartClass, an education data site. According to MarketWatch calculations, student loan debt increases in America by an […]

China Takes Another Step Toward Independence from US Dollar

China announced it will start direct trading with the Swiss franc. This is another step in China’s relentless march toward becoming a major player on the world financial stage and away from dependence on the US dollar. According to a Bloomberg report, the link between the currencies will begin Tuesday. The move by the China […]

ECB Considers Pushing Negative Rates Lower; Yellen Might Follow Lead

While Janet Yellen keeps hinting at a “possible” US interest rate hike – something Peter Schiff has argued for months is highly unlikely – it appears the European Central Bank (ECB) will soon take rates deeper into negative territory. Americans should take note of what is happening across the pond, because it may eventually happen […]