Peter's Blog

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 […]

Q1 Gold Demand in China Hit Highest Level Since 2019

After ending 2022 on an upward trend, China’s gold market continued to rebound during the first quarter of 2023. Wholesale gold demand in China during Q1 hit the highest first-quarter level since 2019. Meanwhile, gold imports charted the strongest start to a year since 2015.

Joe Biden Is Mucking Up the “Inflation Fight”

By hiking interest rates, the Federal Reserve has pulled some of the monetary stimulus out of the economy. While the Fed hasn’t done nearly enough to put the inflationary fire it lit with more than a decade of easy money, the cooling consumer price index (CPI) indicates that this has put a modest dent in […]

Is the Pivot in Play? SchiffGold Friday Gold Wrap April 14, 2023

With the CPI coming in slightly cooler than expected and producer prices unexpectedly falling, a lot of people think the Fed pivot is now in play and we will soon see an end to monetary tightening. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the possibility of a pivot, […]

TTM Net Interest Expense Exceeds Half a Trillion Dollars

The Federal Government ran a gargantuan deficit of -$378B in March. This is over $100B larger than the massive February deficit. In the last three years, only the deficit last September was larger because the government recognized the cost of Biden’s student loan forgiveness. September aside, this month was the largest deficit month since March 2021 […]