Peter's Blog

Silver Sees Record Number of Contracts Close in Final Day

Silver has seen a relatively weak delivery to start the action in May. While this could be considered disappointing to some who were looking for fireworks, a look beneath the surface shows that all is not well.

Paper Only Looks Good on Paper: SchiffGold Friday Gold Wrap April 28, 2023

Many people are concerned about a possible move toward central bank digital currency and we’re starting to see organized pushback on the idea. But as Friday Gold Wrap host Mike Maharrey explains, a lot of people are so caught up in taking on CBDC that they’re missing the more fundamental problem with government-issued fiat currency. […]

Bed Bath and Beyond Bankruptcy Could Foreshadow Bigger Troubles for Retailers

Bed Bath and Beyond might be a canary in the coal mine. The home goods retailer filed for bankruptcy earlier this week. And according to research by UBS, this is likely just the beginning of a surge of retail store closures.

The World’s Top Gold Producers in 2022

Who produces the world’s gold? Gold mine production was up modestly in 2022, but it remains below the prepandemic peak.

13-Week Money Supply Reaches New All-Time Low

Seasonally Adjusted Money Supply in March fell $257B. As the chart below shows, this is now the 8th consecutive monthly drop. Going back to the 1970s, the drop in March was actually the biggest on record on an absolute and relative basis.

Comex Update: Silver Shorts Could Be in Trouble

Silver delivery from the COMEX was low in April, but there is more to the story. 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 physical movement […]

Mississippi Repeals Sales Tax on Gold and Silver

Last week, Mississippi Governor Tate Reeves signed a bill into law exempting the sale of gold and silver from the state sales tax. Repealing the sales tax will relieve some of the tax burdens on investors, and take a step toward treating gold and silver as money instead of as commodities.

Peter Schiff: Every Country Has Let the Inflation Horses Out of the Barn

Americans continue to deal with rising prices even as the economy deteriorates. But the US isn’t the only country with an inflation problem. As Peter Schiff explained in a recent podcast, every country has let the inflation horses out of the barn. When you couple that with the de-dollarization trend, it’s bullish for gold.

Another Recession Warning: Leading Economic Indicators Plunge in March

The Conference Board Leading Economic Index (LEI) for the US fell by 1.2% in March. It was the 12th straight month of declines in the LEI.

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 […]