Peter's Blog

Silver Demand on Pace for Record Year

Silver demand is on pace to hit record levels in 2022, driven by new highs for physical investment, industrial demand, jewelry, and silverware production, according to the Silver Institute’s Interim Silver Market Review.

Comex Vaults See Seventh Straight Month of Outflows

Gold and silver continue to flow out of the COMEX vaults. 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 of metal into and out […]

The Pain Is Real! SchiffGold Friday Gold Wrap Nov. 18, 2022

People in the financial media tend to talk about inflation as an academic exercise. As a result, it’s easy to forget that rising prices cause real pain for real people. And Americans are feeling that pain today. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey highlights some ways inflation is impacting […]

Wealthier Shoppers Flocking to Walmart as Inflation Bites

Walmart recently announced better-than-expected third-quarter sales growth. This may seem like great economic news until you realize the reason behind the retailer’s big jump in sales. As it turns out, wealthier shoppers are flocking to Walmart to make ends meet as rising prices squeeze pocketbooks.

Peter Schiff: We’re in the Eye of the Inflation Hurricane

Markets have rallied since we got cooler-than-expected CPI data for October. But in his podcast, Peter Schiff said we are in the eye of the inflation hurricane, and investors have been lulled into a false sense of security.

Household Debt Charts Largest Increase Since 2007 in Third Quarter

With real wages decreasing and inflation running rampant, Americans are burying themselves in debt to make ends meet. After setting a new record in the second quarter, household debt increased at the fastest pace in 15 years during Q3, as American consumers have run up credit card balances month after month this year as they […]

War on Cash: New York Fed Launches “Digital Dollar” Pilot Program

On Tuesday (Nov. 15), the New York Federal Reserve announced a 12-week pilot program in partnership with several large commercial banks to test the feasibility of a central bank digital currency (CBDC). The “proof of concept” program will test an “interoperable digital money platform” on a regulated liability network (RLN) for “technical feasibility, legal viability, […]

Indian Gold Demand Continued Strong in October

Festival and wedding buying boosted gold demand in India last month and the outlook looks strong moving forward.

Get Up to 30% More Silver Free!

If you are holding American Silver Eagles, this is a great time to exchange them for silver bars and walk away with a lot more silver.

More of the Same: US Government Starts Fiscal 2023 With a Big Budget Deficit

After running a $1.3 trillion deficit in fiscal 2022, the US government took up right where it left off to start fiscal 2023 — running a big budget deficit. The October budget deficit came in at $87.8 billion despite another month of healthy government receipts, according to the latest Treasury statement.