Peter's Blog

National Debt Climbs Above $25 Trillion

Twenty-eight days. That’s how long it took to add another $1 trillion to the national debt.

Central Banks Added 46 Tons of Gold to Reserves in March

Central banks globally added another net 46.1 tons of gold to their reserves in March with the usual suspects making big purchases, according to the latest data released by the World Gold Council. The pace of central bank purchases seems to be increasing, although a few banks are doing the bulk of the buying. Globally, […]

What Happens When the Bond Bubble Pops?

Celsius Network, founder and CEO Alex Mashinsky calls the bond market, “the biggest bubble that hasn’t burst yet.” And when the massive bond bubble pops, that’s when the real earthquake begins. The US Treasury Department is pumping out bonds like there’s no tomorrow. It announced this week that it plans to borrow $2.99 trillion in […]

Silver Investment Demand Up and Other Silver News

Global silver demand nudged higher in 2019 thanks to a 12% increase in investment demand as retail and institutional investors focused their attention on the long-term investment appeal of the white metal according to a report highlighted in the latest edition of the Silver Institute’s Silver News.

Enjoy Your Future; We’re Spending It Now

Welcome to your future. Your government is spending it right now. And your children’s and grandchildren’s future to boot. The US Treasury plans to borrow $2.99 trillion in the second quarter. The Treasury also plans to borrow another $677 billion in the July-September quarter, bringing the total fiscal 2020 debt to $4.48 trillion. It’s a level […]

Silver Hasn’t Been This Cheap in 5,000 Years

We have financial records dating back some 5,000 years and in all that time, silver has never been this cheap compared to gold. Kanesh was an important trading hub in the Assyrian empire. The city was located in the middle of what is now Turkey, at the midpoint of the route between the Mediterranean and […]

Gold Demand Up in Q1; Supply Plunges

Global gold demand was up 1% in the first quarter of the year as extraordinarily strong investment demand offset weakness in consumer markets even as supply dropped. Overall, gold demand came in at 1,083 tons in Q1, according to data in the World Gold Council Gold Demand Trends Q1 2020 Report. In value terms, global […]

Renewed Calls to Dethrone the Dollar

Last year, we reported extensively on a push toward de-dollarization by countries like Russia and China and their desire to undermine the ability of the US to weaponize the dollar as a foreign policy tool. Europe was even starting to push to dethrone the dollar as the reserve currency. With the Federal Reserve running the […]

What’s Going on in the Silver Market?

Gold has been in the spotlight in recent months with the economic chaos caused by the coronavirus pandemic and governments’ response. Peter Schiff called gold a “no-brainer” investment. But silver is worth paying attention to as well. The Silver Institute has released its World Silver Survey 2020 report featuring a detailed overview of last year’s silver […]

The Fed Can’t Print Gold

The mainstream just went super-bullish on gold. Bank of America raised its 18-month price target to $3,000 per ounce in a report titled, “The Fed Can’t Print Gold.”