Peter's Blog

Precious Metals Shine Amid Market Turmoil

In the wake of President Trump’s recent tariff policies, the American financial landscape has been thrown into turmoil. Investors and consumers alike are feeling the pinch as the stock market reels and recession fears loom. However, amidst this economic uncertainty, one asset class has emerged as a beacon of stability: precious metals, particularly gold.

Idaho Eliminates Income Taxes on Gold and Silver, Cuts Overall Rates

On March 6th, Idaho officially ended state income taxation on gains from gold and silver transactions, as part of the largest tax relief initiative in state history—a sweeping reform that underscores Idaho’s commitment to sound monetary policy amid turbulent economic conditions.

Even the NYT Is Saying, “Buy Gold”

A recent piece in the New York Times encouraged readers to buy gold, noting its record-breaking run since 2020. However, what the article gets wrong is associating the phenomenon with presidential policies instead of central bank monetary policy. Treasury policies can contribute to money supply growth by issuing debt, and presidential policies can add fuel […]

How Much Gold is in Fort Knox? We May Find Out Soon.

Elon Musk’s newly established Department of Government Efficiency (DOGE) has ignited fresh calls to verify the United States’ gold reserves, spotlighting a longstanding concern about government openness. Official estimates place America’s bullion at roughly 147.3 million ounces—worth nearly $300 billion at current valuations—safely housed at Fort Knox. However, no outside audit of these reserves has […]

The Global Gold Rush: Russia and China’s Shortages Add to Economic Anxiety

Mounting economic uncertainties and persistent inflation are sending shockwaves through the global market, triggering a surge in demand for precious metals. As investors are seeking a safe haven, gold and silver are experiencing skyrocketing demand, leading to significant shifts in national reserves and logistical challenges in the precious metals market. 

Gold Stocks vs. Bullion: Why the Lag?

You might think that the price of physical gold and the performance of gold mining stocks should more or less always move together, since higher gold prices typically boost miners’ revenues. However, there are instances—like now—where physical gold prices surge while gold mining stocks stay flat or even decline. There are a lot of reasons […]

Gold-Silver Ratio: Silver Breakout Incoming?

Gold has reached new all-time highs, and the gold-to-silver ratio now exceeds 90:1. Such a high ratio has often signaled an impending breakout for silver prices. It indicates that silver could be undervalued, and we may be on the verge of a major price surge. Sometimes, if you miss a price run-up for gold, you […]

Schiff on X: Stagflation is Monetary Kryptonite 

On Monday night, Peter went live on X Spaces to discuss both Bitcoin and gold’s recent price action and interact with his followers in a Q&A. He dissects the current state of the global economy, lambasts retail investors and Wall Street, and paints a dire picture of fiscal mismanagement. 

New Chinese Policy Opens the Door for Insurers to Invest in Gold 

A groundbreaking pilot program in China now allows 10 major insurance companies—including PICC Property & Casualty and China Life Insurance—to allocate up to 1% of their assets to gold bullion. This policy, effective last Friday, translates into a potential investment pool of nearly 200 billion yuan (approximately $27.4 billion), according to Minsheng Securities. The move […]

London’s Gold Shortage: A Symptom of Global Economic Anxiety

The world of finance is witnessing a significant shift as a massive transfer of gold makes it way from London to the United States. This isn’t merely a shuffling of bullion, it’s a symptom of worldwide economic anxieties.