Peter's Blog

Social Security Increase for Inflation Could Lead to More Inflation

Social Security recipients will be getting a big raise in 2023. That’s good news if you’re receiving benefits from the program, but not so great if you’re hoping inflation will abate any time soon. The Social Security Administration recently announced an 8.7% cost of living adjustment (COLA) for next year. That goes on top of […]

Gold Migrating from West to East

Gold is migrating from the West to the East. As Bloomberg described it, many western investors – particularly at the institutional level – are dumping bullion. Meanwhile, Asian buyers are taking advantage of lower prices to snap up less expensive jewelry, coins, and bars.

Inflation Alert: Producer Prices Rise More Than Expected

Producer price data for September was bad news for people looking for relief from rising prices. The Producer Price Index (PPI) rose by 0.4%, doubling the 0.2% projected increase, according to data released by the Bureau of Labor Statistics (BLS).

Bill Introduced in Congress to Put the US Back on a Gold Standard

A bill introduced in the US House would put the American financial system back on a gold standard. Rep. Alex Mooney (R-WV) introduced HR9157. Titled the Gold Standard Restoration Act, the legislation would peg the dollar to a fixed weight of gold.

Rich Dad Poor Dad Author Says Buy Silver While You Can

In a series of tweets, Rich Dad Poor Dad author Robert Kiyosaki said now is a great time to buy silver. Kiyosaki predicted that the dollar will ultimately crash when the Fed pivots and surrenders to inflation.

Americans Continue to Pay for Inflation With Credit Cards

Credit card debt continues to spiral higher as consumers struggle with rising prices and depleted savings. In August, revolving credit increased by a staggering 18.1% as total consumer debt surged to a record $4.68 trillion, according to the latest consumer credit data from the Federal Reserve.

India Charts Healthy Gold Demand in September

Gold demand in India was healthy in September and the outlook is strong moving forward. Healthy retail demand in September drove the local price briefly into a premium of $2 to $3 per ounce early in the month. It was the first time gold had been in premium since May.

National Debt Blows Passed $31 Trillion! So What?

“I can scarcely contemplate a greater calamity that could befall this country than to be loaded with a debt exceeding their ability to ever discharge.” – Brutus Well, here we are. On Monday, the US national debt eclipsed $31 trillion for the first time in history.

Central Banks Add Gold for Fifth Straight Month

Central banks globally added to their net gold holdings for the fifth consecutive month in August, according to the latest data released by the World Gold Council. On net, central banks added 20 more tons of gold to their reserves. Three banks drove buying in August and there were no notable sellers.

Study Shows You Need More Silver in Your Portfolio!

Do you have silver in your portfolio? You should! According to research by Oxford Economics, investors would benefit from an average of 4 to 6 percent silver allocation within a diversified portfolio. This is far below the average investor’s exposure to silver.