Peter's Blog

A Bet on Bitcoin is Gambling on the Whales

Key Takeaways The price of Bitcoin has been suspiciously stable following the epic collapse of FTX less than 2 months ago The whales are defending the Bitcoin price at $16,000 waiting for interest to flood back into Bitcoin It’s hard to imagine a bigger hype train than 2021 which means Bitcoin may not make a […]

Ron Paul: The Mother of All Economic Crises on the Horizon

For the last several years, we’ve enjoyed the fruits of an economic bubble blown up by easy money and debt. But ultimately, that debt is going to be the economy’s undoing. Simply put, these debt levels are unsustainable without runaway inflation. So, pick your poison.

Counterparty Risk and How to Minimize It

One of the benefits of owning physical gold and silver is there is no counterparty risk.

Silver Demand Projected to Set Records in 2022 and Other Silver News

Silver demand in 2022 is expected to chart an all-time high. This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

Have You Broken That New Year’s Resolution Yet?

We’re just a few days into the new year. How are resolutions going? Mine are going fantastic! I didn’t make any.

Managed Money Ends 2022 on Bullish Note

Please note: the CoTs report was published 12/30/2022 for the period ending 12/27/2022. “Managed Money” and “Hedge Funds” are used interchangeably. Gold finished the year on a strong note, with Managed Money reaching a net-long position of 50k. This is the largest net long position for Managed Money going back to June 2022.

The Fed has Missed the Balance Sheet Mortgage Back Security Reduction Target Reduction Every Single Month

The Fed has a targeted balance sheet reduction of $95B a month. After reaching and exceeding this target last month, the Fed is back to undershooting. This should not come as a surprise given the turmoil in the bond market this year and the lack of liquidity.

Did Platinum Just Break the Comex?

This analysis typically starts with gold, but the activity in platinum is a major event that should not be overlooked. See the article What is the Comex? for a bit of backstory.

The Fed Can’t Win: SchiffGold Friday Gold Wrap Dec. 30, 2022

The Federal Reserve is trying to win a war against price inflation without tipping the economy into a recession. In this episode of the Friday Gold Wrap, host Mike Maharrey highlights two more reasons this is a game the Fed can’t win. He also does a quick overview of the gold market in 2022 as […]

Doug Casey: 2023 Will Be the Year for Gold

Peter Schiff recently said he is very bullish on gold in the year ahead. Obviously, I’ve been bullish for a while. But I’m even more bullish now to the extent that’s possible, based on what’s been happening.” Peter is not alone. Doug Casey also thinks 2023 will be “the year for gold.”