Peter's Blog

A Ticking Time Bomb: Rising Consumer Debt and Rising Interest Rates

Rising consumer debts colliding with rising interest rates is a ticking time bomb. Over the last several months, consumer debt has climbed at a steep, steady pace as Americans struggle with rising prices. November was no different, with consumers piling on another $27.9 billion in debt.

Gold Charts Small Gain in 2022 Despite Significant Headwinds

Despite market headwinds, gold managed to post a small gain in 2022 thanks to a strong rally in December. Gold gained 3% in the final month of the year, driving the price of the yellow metal to $1,814 an ounce to close out 2022. This represented a 0.4% gain on the year.

Central Banks Add More Gold in November as China Joins Buying Spree

Central banks globally added another net 50 tons of gold to their reserves in November, driven in part by the first official purchase by China since 2019.

Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

A bill introduced in the Missouri Senate for the 2023 legislative session would take important steps toward treating gold and silver as money instead of as commodities and would set the stage for currency competition in the Show-Me State.

Counterparty Risk and How to Minimize It

One of the benefits of owning physical gold and silver is there is no counterparty risk.

Silver Demand Projected to Set Records in 2022 and Other Silver News

Silver demand in 2022 is expected to chart an all-time high. This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

Doug Casey: 2023 Will Be the Year for Gold

Peter Schiff recently said he is very bullish on gold in the year ahead. Obviously, I’ve been bullish for a while. But I’m even more bullish now to the extent that’s possible, based on what’s been happening.” Peter is not alone. Doug Casey also thinks 2023 will be “the year for gold.”

The Cost of Easy Money Is Now Coming Due

Since 2008, we have been in an era of unprecedented money printing and interest rate suppression. Now the cost of all of that easy money is coming due.

Fed’s Favorite Price Inflation Measure Comes in Slightly Hotter Than Expected

The Federal Reserve’s favorite inflation indicator came in slightly higher than expected for November. This is another indication that while price inflation appears to be easing some, the data indicates it is far from whipped.

Existing Home Sales Fall for 10th Straight Month as Housing Bubble Continues to Deflate

The US housing bubble continues to lose air at a rapid rate. Existing home sales fell for the 10th straight month in November. This stretch of declining home sales is longer than the housing bust preceding the 2008 financial crisis.