Peter's Blog

Fed Up! SchiffGold Friday Gold Wrap Sept. 8, 2023

We’re fed up — fed up with the Federal Reserve. After all, it is the engine that drives the biggest government in history. In this episode of the Friday Gold Wrap, host Mike Maharrey explains what the Fed is, how it came to be, and how it enables reckless government borrowing and spending. He also […]

Say’s Law Says It All

As the world descends into a much-heralded recession, the surprise will be that interest rates will continue to rise as economic activity contracts. This is not what the economic establishment expects. This article puts the outlook in the context of classical economic theory, when it was the principles behind the division of labour which went […]

Pain at the Pump: Rising Gasoline Prices Undermine Disinflation Narrative

Falling energy prices were a significant factor in the big decline in the Consumer Price Index (CPI) earlier this year. Bad news: energy prices are now heading up. That means the CPI relief was almost certainly transitory.

Central Bank Gold Buying Continued Hot in July

After returning to net gold buying in June, central banks continued to add to their gold reserves in July. Globally, central banks reported net purchases of 55 tons in July, according to the latest data compiled by the World Gold Council.

New Developments Using Silver in Technology

Silver is fundamentally a monetary metal and its price tends to track with gold over time. But it is also an important element in technology and industry. Industrial use makes up more than half of the demand for silver. We’re seeing new uses for silver in technology all the time. The most recent issue of […]

Peter Schiff: Fed Isn’t Making Any Progress Against Inflation

Peter Schiff recently appeared on Fox Digital and poured a bucket of cold water on those who believe the Federal Reserve is winning the inflation fight. In fact, the Fed isn’t making any progress at all.

Job Numbers Have Been Revised Down for Every Month This Year

I’ve been saying that the government job numbers seem wonky. Looking at the monthly revisions bears this out. Every month this year, the Bureau of Labor Statistics has revised the nonfarm payroll numbers from previous months lower.

Peter Schiff: Government Spending Has Bankrupted the U.S.

Peter Schiff recently appeared on the Capitol Report on NTD News to talk about the state of the US economy. He explained how government spending has created the price inflation Americans continue to struggle with, and how it has bankrupted the United States.

Healthy Consolidation

In the last few days, gold and silver have paused their earlier rises. In the case of silver, these have been substantial, as shown in our headline chart. In gold, less so; but it does appear that silver is leading both metals higher. In European trade Friday morning, gold was $1944, up $39 on the […]

For Those Who Labor… SchiffGold Friday Gold Wrap Sept. 1, 2023

We’re kicking off Labor Day weekend. That means you’re going to hear a lot of rhetoric about how the government needs to do more for workers. But as Friday Gold Wrap host Mike Maharrey explains, we don’t really need better government policies for workers. We need better money for everybody. He also talks about tanking […]