Peter's Blog

Jim Grant: We Could Be Heading Toward a Generational Bear Market in Bonds

In a recent podcast, Peter Schiff warned that we could be on the verge of a further breakdown in the bond market and that a bear market in bonds could also maul US stocks and the dollar. Financial commentator and investment guru Jim Grant has similar concerns. In a recent interview on Odd Lots Podcast, […]

Many Countries Bringing Their Gold Home for Safekeeping

In the wake of Western sanctions on Russia after the invasion of Ukraine, many central banks are bringing their gold home for safekeeping, according to an Invesco survey of central banks and sovereign wealth funds.

Credit Card Borrowing Still Running Hot Even as Borrowing for Big-Ticket Items Tanks

Americans continued to run up credit card debt in May, but borrowing for big-ticket items tanked. This could indicate that cash-strapped, over-leveraged consumers are reaching the end of the rope. American consumers borrowed another $7.2 billion in May, increasing total consumer debt to a record $4.865 trillion, according to the latest data released by the […]

Peter Schiff: Bond Bear Will Maul Stocks and the Dollars

Stocks and bonds had a tough week last week. In his podcast, Peter Schiff talked about the market moves in the context of Fed rhetoric and the jobs reports. He concluded that we could be heading toward another big leg down in bonds, and this bond bear will maul stocks and the dollar.

Gold Up 5.4% Through First Half of 2023

Despite a lackluster June, the price of gold rose 5.4% through the first six months of 2023 and was the second-best performing asset class behind only developed market stocks.

The Federal Reserve Should Invest in a Dartboard

Most people believe members of the Federal Reserve are highly trained experts who are imminently qualified to run monetary policy.  Guided by this perception, the mainstream treats Fed pronouncements as gospel. But if you compare Fed projections to actual outcomes, it looks like they’re just guessing. In fact, you would probably get more accurate results […]

Fed People Saying Stuff: SchiffGold Friday Gold Wrap July 7, 2023

Despite doing nothing at the June meeting, Federal Reserve officials continue to talk tough about fighting inflation. The anticipation of another rate hike created headwinds for both stocks and gold this week. But Friday Gold Wrap host Mike Maharrey thinks something is amiss. In this episode, he talks about the disconnect between the central bankers’ […]

The Private Sector Recession

The Federal Reserve has hiked interest rates to levels not seen since before the financial crisis in 2008. The money supply had contracted at a rapid rate. This should cause the economy to slow down. Yet month after month, we get strong job numbers, rosy economic headlines, and assurances that the economy remains robust. What […]

An Amazing Freak Show: Treasury Increases National Debt By Over $850 Billion in Just One Month

A month ago, the fake debt ceiling fight ended and Congress suspended the federal government’s borrowing limit for two years. Since the debt ceiling deal, the US Treasury has added a staggering $851 billion to the national debt.

Eight Central Banks Increased Gold Holdings in May

Excluding another big sale by Turkey, central banks were net buyers of gold in May, according to the latest data compiled by the World Gold Council. Eight central banks added gold to their reserves in May with net purchases totaling 50 tons.