Peter's Blog

Comex Report: Ignore the Paper Price and Watch the Physical Metal

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.). The data below looks at […]

Deflation Isn’t the Danger – The Fear of It Is

Over a century of central banking has instilled an irrational fear of falling prices in the American public. But the reality is that falling prices are what make our economic lives better, and inflation, the regime’s preferred monetary policy, is far worse than deflation. The following article was originally published by the Mises Institute. The […]

This War Isn’t Affordable – It’s Debt-Funded

Unsurprisingly, the United States’ latest war is expensive and will almost certainly be financed via debt and inflation. While right- and left-wingers bicker about the costs of conflict in Iran, both sides have lost sight of the fact that the US can’t afford either of their preferred slates of government services– whether it be regime […]

Peter Schiff: War Spending is a Bigger Threat than Iran

In Wednesday’s episode of The Peter Schiff Show, Peter takes aim at Washington’s war spending spree, the markets’ strange reactions to developments in the Middle East, and the ways political messaging can move capital. He warns that the real danger to Americans comes from mounting debt and inflation, not foreign actors, and he again emphasizes […]

The Illusion of Transparency in 21st Century Equities

Warren Buffett solidly trounced the S&P 500 for the first 35 years of his career, and then something terrible happened to him. While in the past, he was able to receive stock tips ahead of time, in 2000 the US government began to require uniform disclosure patterns for earnings information. Buffet had been merely arbitraging […]

Money Supply Grows at Fastest Pace since 2021

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect. One key metric shown below is the “Wenzel” 13-week annualized money […]

Price Synergies of Gold and Oil Muddy the Water

Gold and oil price are connected uniquely through several different mechanisms. The recent conflict in Iran has created a massive international oil shortage and thrown the FX markets and gold prices around dramatically. While international tensions are often good for the gold market, in this situation, the price of gold experienced some dramatic downward price […]

Eisenhower and the Threat of Military Overreach

In a timeless and ominously prophetic speech, Eisenhower left the nation after his eight years in office with a warning that no one at the time understood the significance of. Although Eisenhower had been at the very heart of America’s military might during World War II, he believed that what he and other American Americans […]

Peter Schiff: Tokenization Gold Can Remonetize Gold

Peter recently joined Alessandro from Risk Takers for an interview on gold’s recent price action, crypto, and the latest on the war with Iran. Peter stakes out a pragmatic position on the future of money: while he remains skeptical of cryptocurrencies as monetary replacements, he sees real potential in tokenized gold to make sound money […]

Schiff w/ La Roche: The Fed Should’ve Hiked

Last week, Peter joined Julia La Roche to discuss the Fed’s latest antics after Jerome Powell announced that rates will be held steady for at least another FOMC meeting cycle. Peter responds, warns that the consequences of the Fed’s inaction will be higher inflation, a weaker dollar, and a reassessment of what people consider real […]