Peter's Blog

Gold Demand Charts Healthy Increase in Q3

Gold demand rose 28% year-on-year in the third quarter, driven by robust consumer demand for physical gold and central bank buying, according to data released by the World Gold Council. Year-to-date, demand is up 18% compared to the same period in 2021, a return to prepandemic levels.

Why Should You Be Bullish on Silver?

There are reasons to be bullish on silver, not just because of its role as a monetary metal and inflation hedge, but also due to its importance as an industrial metal. Doug Casey recently talked about silver’s many uses and what it means for the future with International Man.

Recession Warning: October PMI Tanks

People keep saying the economy is fine. We’re not in a recession. There’s nothing to see here. Meanwhile, business activity contracted for the fourth straight month in October.

Number of Americans Living Paycheck to Paycheck Approaching All-Time High

Inflation is squeezing American budgets to the breaking point. According to a LendingClub survey, the number of Americans living paycheck to paycheck is nearing record levels.

Air Continues to Seep Out of the Housing Bubble

Air continues to seep out of the housing bubble blown up with the Fed’s artificially low interest rates in the wake of the pandemic. Sales of previously owned homes fell by 1.5% in September, according to a National Association of Realtors report.  It was the eighth straight month of declining home sales.

Fiscal 2022 Budget Deficit Blows Past $1 Trillion

The US government ran a $1.38 trillion budget deficit in fiscal 2022 despite government receipts at near-record levels. This further highlights the federal government’s out-of-control spending problem. It’s also a big problem for the Fed as it tries to fight inflation.

Inflation Is Eating Up Your Wage Increases and Then Some

You’re making more money. But you can’t buy as much stuff. Why? Because inflation continues to eat away at your wages.

Federal Tax Receipts Near Record-High Share of GDP

The US government is rolling in dough! US tax receipts have surged this year. Through August, the US Treasury had collected over $4.4 trillion in revenue for fiscal 2022 with one month left to go. That was already 10% higher than receipts in 2021. The US government took in $303.73 billion in August alone. That […]

A Reason for Bullishness: Robust Demand for Physical Gold

Although gold has been one of the best-performing assets in 2022, it has faced significant headwinds due to rising interest rates and a strong dollar. Members of a panel discussion during the London Bullion Market Association’s (LBMA) annual precious metals conference agreed that gold and silver prices may still face headwinds in the near term […]

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 […]