Peter's Blog

Queen Elizabeth’s Death Puts Squeeze on Already Tight Bullion Coin Market

The recent death of Queen Elizabeth II is squeezing gold and silver bullion coin markets that were already strained by tight supplies. There was an immediate and dramatic surge in demand for gold and silver bullion coins bearing the queen’s effigy upon her passing. According to News.com.au in Australia, “Collectors are scrambling to get their […]

Americans Continue to Pile on More and More Debt

American consumers continue to cope with rising prices and prop up the sagging economy using their credit cards. Total consumer debt rose another $23.8 billion in July to a record $4.644 trillion, according to the latest data from the Federal Reserve.

The Calm Before the Storm: SchiffGold Friday Gold Wrap Sept. 9, 2022

This week was the calm before the storm that will begin next week with the August CPI data and continue with the September FOMC meeting the following week. Friday Gold Wrap host Mike Maharrey takes advantage of the lull to cover some interesting topics including some more tough talk on inflation from Jerome Powell, the […]

US Debt: Annualized Interest Surges More Than $22B in a Single Month

The Treasury added $341B of debt in August. This was the largest increase in the debt since January and is more than 10 times larger than the increase in July. Another major occurrence was the increase in short-term debt. The Treasury increased Bills by $210B, the largest increase since June 2020. This is a move […]

Trade Deficit Still Historically High Despite Fall Since March

The trade deficit fell in July to -$70.7 billion. It was the fourth straight month of drops. While the deficit continues to fall from all-time highs, it is very large relative to deficits prior to 2022. Despite the large 33% fall from the -$107 billion in March, the current deficit would have been an all-time […]

Take Advantage of Silver on Sale and Get Free Silver!

Everybody knows that the best time to shop is during a big sale. Well, with a spot price under $19 an ounce, silver is a bargain. For the next week, you can take advantage of the lowest silver spot price in years, and we’ll even sweeten the deal with free silver with qualifying orders.

The Fed Is About to Start Losing Money; What Does That Mean?

What happens if the Federal Reserve loses money? The Fed typically earns interest income from all of the bonds it holds on its balance sheet. It also collects fees for services that it provides. Most of any Fed operating profit is remitted to the US Treasury under federal law. That money becomes part of the […]

Inflation Is State-Sponsored Terrorism

Americans have been laboring under the burden of inflation for well over a year. We feel the pain everywhere, from the gas pump to the grocery store. Once it became impossible to sell the “inflation is transitory” narrative any longer, the Federal Reserve began raising interest rates to fight inflation. As a result, the bubble […]

Inflation Alert! The US Government Is Still Handing Out COVID Money and It Wants More

Did you know the Biden administration is still handing out COVID-19 stimulus money? In fact, there are still billions of dollars in pandemic aid sitting in various federal and state government accounts waiting to be handed out.

Central Banks Continue to Have an Appetite for Gold

Central banks’ appetite for gold remained robust in July according to the latest data compiled by the World Gold Council. Globally, central banks added a net of 37 tons of gold to their reserves, bringing the total purchases on the year close to 300 tons.