Peter’s Blog

Here’s some free advice for the Federal Reserve. It’s OK. You can tell them. They already know. The economy is not good. As Peter Schiff pointed out on CNBC yesterday, the Fed doesn’t really want to raise interest rates. We just witnessed what even a small nudge upward did to the stock markets after years […]

Last month, hackers managed to get into the Federal Reserve Bank of New York’s computer system and swipe some $100 million from a Bangladeshi government account. As James Rickards pointed out in an interview last week on Fox Business, the vulnerability of digital wealth to hacking and cyber manipulation provides yet another reason to own […]

In the last seven years, China has acquired more than 4,000 tons of gold – more than 10% of the official gold in the world. Why? Jim Rickards delves into this question in an interview on Albert K Lu’s latest Gold Videocast: Are they stupid? No…if the Americans don’t like gold, the Chinese know something […]

The conventional knock on gold is that it is inconvenient and expensive to hold, and doesn’t provide yield. But as Albert K Lu shows in his latest Gold Videocast, in a world of negative interest rates, this argument is becoming applicable to cash. For instance, the world’s second largest reinsurance company has decided to pull […]

Peter Schiff locked horns with National Alliance Securities Global strategist Andy Brenner on Fox Business yesterday. Brenner said he believed the Fed would raise interest rates at least twice this year, citing strong employment numbers as a sign the economy is doing OK. But Peter countered, saying the US economy is already in a recession, […]

In his most recent Gold Videocast for SchiffGold, Albert K Lu interviewed John Rubino, founder of DollarCollapse.com. Rubino had a pretty compelling explanation for why there wasn’t a massive, sustained economic collapse a decade ago, and why he thinks it’s still lurking on the horizon. The reason that we’re still here, when we really should have […]

Despite mounting data pointing toward a recession right around the corner, many mainstream analysts continue to insist that declining stock markets and other signs of economic turmoil are just a blip on the radar and things will quickly turn around. David Stockman appeared on CNBC’s Futures Now last Friday and blasted this bullish line of […]

Kyle Bass, a well-known hedge fund manager who profitably shorted the subprime mortgage crisis, strongly believes gold investors should take physical possession of their precious metals. Speaking about his role as a fiduciary board member for the University of Texas Investment Management Company (UTIMCO), Bass explained last year why he advised UTIMCO to take physical […]

Jim Grant didn’t hesitate when asked. He sees the price of gold is going up. Grant made the rounds Wednesday, appearing first on CNBC, saying he thinks the US is already in a recession, and we can expect even crazier monetary policy in the future. Then he did an interview with The Street and made […]

Jim Grant appeared on CNBC’s Closing Bell and unhesitatingly said he thinks the US economy has already gone into recession: I think we are in one…I think there’s a defensible case to be made that a recession began late last year.” Grant echoed what Peter Schiff has been saying. In his Gold Videocast last week, […]