Peter's Blog

Peter Schiff: A Higher Debt Ceiling Won’t Solve the Problem; It Will Make the Problem Worse

In January, the US government ran up against the debt ceiling, kicking off another fake debt ceiling fight. Three months later, Congress still hasn’t agreed on a plan to raise the borrowing limit. Peter Schiff talked about it in his podcast, saying the lack of a higher debt ceiling isn’t the problem; the ever-increasing spending […]

The Technicals: Is $2,000 Gold Support or Resistance?

The technical analysis last month highlighted how the current price spike looked unsustainable and needed time to consolidate. It also mentioned that we may be at a turning point in precious metals, concluding:

A Silver Lining: SchiffGold Friday Gold Wrap April 21, 2023

Most attention in the precious metals markets has focused on inflation and the Federal Reserve’s response. The perception that the Fed will continue to tighten monetary policy to fight inflation has created headwinds for gold and silver. But as Friday Gold Wrap host Mike Maharrey explains, there is a silver lining in all this – […]

COMEX Update: JP Morgan on the Ropes in Gold as Silver Coverage Reaches Record Low

On the surface, everything still looks fine at the COMEX, but the data reveals more going on. This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the […]

Silver Demand Set Records in Every Category in 2022

Silver demand set a record in every category last year based on final data released by the Silver Institute this week. Total global silver demand in 2022 came in at a record $1.242 billion ounces. This represented an 18% increase in silver demand over 2021.

Peter Schiff: A Death Blow Is Coming for the Dollar and People Will Run to Gold

There has been a lot of talk lately about de-dollarization. As just one example, the BRICS nations recently announced they are developing a new currency. Peter Schiff recently appeared on Commodity Culture with Jessie Day to talk about the trajectory of the dollar. He said that the death blow for the dollar is coming. And […]

Arkansas Law Makes Gold and Silver Legal Tender in the State

Arkansas Gov. Sarah Huckabee Sanders has signed a bill into law making gold and silver legal tender in the state. The new law also effectively repeals the state capital gains tax on gold and silver. Enactment of this legislation will relieve some of the tax burden on investors, and take a step toward treating precious […]

Peter Schiff: Gold Is on the Launchpad

Gold has alternately rallied and tanked over the last week based primarily on how investors view the inflation fight. When they think the Fed is about to win, they buy gold. When they think the fight may have to continue, they sell. In a recent podcast, Peter explained that investors are right to buy gold […]

The Tax Man Cometh — Again

Today is tax day. I’m not pleased. I don’t know about you, but that means my bank account balance will be significantly smaller later this evening. I’m going to have to write a big check. But hey, this is the price I pay for a more civilized society.

Peter Schiff: We’d Be Lucky to Escape With Just a Recession

Peter Schiff recently appeared on Real America with Dan Ball to talk about the weakening US dollar, the less-than-stellar jobs report, and the trajectory of the economy. Peter kicked off the interview with a startling statement when Dan said whether it’s oil, de-dollarization, or President Biden’s horrible economic policies, everything is pointing toward a recession […]