Peter's Blog

SVB and Signature Bank Were Just the Tip of the Iceberg

The demise of Silicon Valley Bank and Signature Bank was just the tip of the iceberg. As it turns out, hundreds of banks are at risk. This explains why the Federal Reserve and US Treasury rushed to provide what is effectively a bailout for the entire banking system. In the first week, the Federal Reserve […]

Peter Schiff: Investors Will Bid Up Gold When They Realize Inflation Is Winning

Peter appeared on Fox Business Claman Countdown to talk about the recent bank failures and the ensuing government bailouts. During the interview, they discussed how to invest in the current environment. Peter said that right now, gold is undervalued, but investors will bid up the price much higher when they come to terms with the […]

Why SchiffGold? Peter Schiff Explains (Video)

Peter Schiff recently appeared on Brighteon.com with Mike Adams to talk about the failure of SVB and Signature Bank, the bailouts and the potential ramifications. During the interview, Peter explained the difference between SchiffGold and a lot of the other gold companies out there.

Fed Adds Nearly $300 Billion to Balance Sheet in One Week With Bank Bailouts

The Federal Reserve added nearly $300 billion to its balance sheet in a single week as it kicked off its loan bailout program for banks. In effect, the Fed loaned troubled banks $300 billion of new money that was created out of thin air. In other words, we got $300 billion in inflation in a […]

Peter Schiff: Americans Will Pay for These Bank Bailouts

Peter Schiff appeared on the Capitol Report on NTD News to talk about the bank bailouts and the possible ramifications. He said that no matter what President Joe Biden and others tell you, Americans are going to pay for this. The interview started with a clip of Treasury Secretary Janet Yellen assuring Congress that the […]

The Technicals: This Week Could Be the Most Important Week for Gold in Years

Gold had a big rally last week. But is it sustainable? What are the technicals saying? The data over the last several months continues to give insight into the market. November showed the market was in neutral, but then the December analysis correctly identified an impending move upwards, the January review called for a correction and then February concluded:

The Comex Is in Far Worse Shape Than SVB if the Run on Physical Accelerates

Given the potential impacts of the ongoing banking crisis, I will start this article with the conclusion. The current banking crisis could not have come at a worse time for the Comex system. Inventories have seen massive depletion over the last 2+ years as investors have slowly been pulling physical out of the vaults. I […]

A Crack in the Dam: SchiffGold Friday Gold Wrap March 17, 2023

Friday gold wrap host Mike Maharrey has been saying something is going to break in the economy for months due to the Federal Reserve’s monetary tightening to fight price inflation. Last Friday, something broke when Silicon Valley Bank collapsed followed quickly by the demise of Signature Bank. It was the first crack in the dam. […]

Chinese Gold Demand Continued to Surge in February

After ending 2022 on an upward trend that continued into January, Chinese gold demand surged again in February as the economy continues to rebound from government-imposed COVID policies. Gold withdrawals from the Shanghai Gold Exchange (SGE) totaled 169 tons in February. This is a reflection of strong wholesale demand and signals an ongoing rebound in […]

If It Looks Like a Bailout and Walks Like a Bailout It’s Probably a Bailout

As the old saying goes, if it looks like a duck, walks like a duck, and quacks like a duck, it’s probably a duck. Well, if it looks like a bailout, walks like a bailout, and talks like a bailout, it’s probably a bailout.