Peter's Blog

Gold Contracts for Immediate Delivery Explode Higher

In 5 days, the COMEX has seen 4,190 contracts open and stand for immediate delivery. This is the strongest start to a month going back at least 2 years, which includes the start of the war in Ukraine and the February 2021 Reddit silver squeeze.

Reality Over Rhetoric: SchiffGold Friday Gold Wrap May 5, 2023

The Federal Reserve raised rates yet again during its May FOMC meeting. Now everybody is trying to decipher the messaging coming out of the Fed to figure out what’s next. But what if the words Powell and Company are saying don’t really matter? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey […]

Falling Trade Deficit Suggests a Weakening US Economy

The March Trade Deficit decreased for the first time in four months. The total deficit came in at -$64.2B, which is the second smallest deficit since January 2021. This might seem like good news but it’s yet another indication of a weakening economy.

Texas Committee Passes Bill to Create 100% Reserve Gold and Silver-Backed Transactional Currencies

On May 2, a Texas House committee passed a bill to create 100% reserve gold and silver-backed transactional currencies. Enactment of this legislation would create an option for people to conduct business in sound money, set the stage to undermine the Federal Reserve’s monopoly on money, and possibly create a viable alternative to a central […]

What the Fed Says Today Really Isn’t Relevant Tomorrow

Is the rate hike pause in play? That question remains up for debate after the May Federal Reserve Open Market Committee meeting. But when you break it all down, the underlying economic reality is far more important than the messaging coming from Powell and Company. And the underlying economic reality is that inflation isn’t beat […]

Record Silver Demand in 2022 and Other Silver News

All major categories of silver demand charted highs in 2022, contributing to a new total global silver demand record of 1.242 billion ounces. This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

Peter Schiff: The Fed Has Screwed Up Everything That Is a Function of Interest Rates

The failure of First Republic Bank reveals that the banking system isn’t nearly as sound as Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell would have us believe. But as Peter explained in a recent podcast, it’s not just the banking system that’s messed up. The Fed has screwed up everything that is […]

The US Banking System Is Sound?

Treasury Secretary Janet Yellen keeps insisting that the banking system is “sound.” Is it though? Because it doesn’t look particularly sound. In fact, we just witnessed the second-largest US bank failure ever.

Peter Schiff: Joe Biden Is Rewarding People With Bad Credit

On May 1, new Federal Housing Finance Agency (FHFA) rules went into effect that will allow borrowers with lower credit ratings to qualify for better mortgage rates than they otherwise would have. Meanwhile, borrowers with better credit ratings will pay higher fees to subsidize the program. Peter Schiff recently appeared on Real America with Dan […]

Peter Schiff: We Can’t Afford to Let Biden “Finish the Job”

President Biden has announced he will run for a second term in 2024. Peter Schiff recently appeared on the Ingraham Angle on Fox News to talk about what will happen if we keep going down the Biden road. In a nutshell, Peter said we can’t afford to let Biden “finish the job.”