Peter's Blog

Could Americans Someday Use Dollars as Napkins?

Stories about plummeting stock markets, a sputtering Chinese economy, and the yuan versus the dollar have dominated financial news over the past few weeks. Lost in the din: the economic disaster continuing to unfold in Venezuela. Venezuelans face crippling shortages of basic staples as their currency, the bolivar, continues to inflate at breakneck speed. Hyperinflation […]

Financial Media Starting to Agree with Peter Schiff: QE4 Is Coming

In an attempt to stem stock market losses and stimulate a sagging economy, the Chinese central bank slashed its interest rate on Tuesday. As Bloomberg reported, it was the fifth Chinese interest rate cut since last November. The one-year lending rate will drop by 25 basis points to 4.6 percent effective Wednesday, the Beijing-based People’s […]

Greenspan: Higher Interest Rates Are Inbred in Human Nature (Video)

Former Federal Reserve Chairman Alan Greenspan appeared on Fox Business this week with two strong messages for investors: 1. The United States economy is “extraordinarily sluggish,” and part of this problem is the massive amount of government entitlements. He pointed out that entitlements have grown nearly 10% a year for the past 50 years, no […]

Great Reason to Own Precious Metals, Even If You’re Not a Gold Bug

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Most people who buy physical gold and silver these days tend to be those who are worried about our financial system. They see unbacked, untrustworthy fiat […]

Surviving Without Fiat: Alternative Currencies in Greece

The other week, we wrote about the growing barter economy in Greece. With cash withdrawal limits still in place, Greek citizens are finding it difficult to conduct daily business using traditional methods. Now, the Wall Street Journal reports on the flourishing of a variety of alternative currencies, particularly one named TEM: TEM—a sophisticated form of […]

PBOC & Yuan: Trust Gold, Not Central Bankers

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. So the People’s Bank of China (PBOC) just weakened the yuan fix to the United States dollar by the most on record – 1.9%. A central […]

The Lie of the CPI: Real Inflation Is Everywhere

Mainstream pundits regularly scoff at Peter Schiff when he insists that real inflation is higher than the official Consumer Price Index (CPI), but an AP report this week vindicates his position. During a recent interview on MSNBC, Schiff insisted that money printing by the Federal Reserve has already created a lot of inflation. He also […]

CNN Money Talks to Peter Schiff: Puerto Rico the Next Singapore?

“Let’s say you want to start a business. Just start it in Puerto Rico. Why would you start it anywhere else?” This is what Peter Schiff told CNN Money in an article published yesterday. Peter and John Paulson are two of many successful investors CNN mentions as moving their businesses – and eventually themselves – […]

Just How Big Is the Gold Market?

This article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. With gold’s recent volatility and price drop, we’ve heard a lot of noise from pundits and analysts. Consequently, this seems like a great time to ask […]

South Koreans Buying Up Physical Gold

South Koreans have embarked on a gold buying spree. Residents of the Asian country are on pace to purchase a record amount of gold in 2015. By year’s end, total sales will likely top 1 trillion won ($860 million) based on first-half sales through Korea Gold Exchange 3M Co Ltd, the country’s largest gold merchant.