Peter's Blog

Fun on Friday: How Are Those New Year’s Resolutions Going?

So, how are your New Year’s resolutions going? Mine are going fantastic! I didn’t make any.

Perceptions: SchiffGold Friday Gold Wrap Jan. 21, 2022

It is often said that perception is reality. Politicians spend a tremendous amount of time and energy trying to shape perceptions. So, how does the average American perceive the US economy? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about economic perceptions – both those the politicians are trying to create […]

The Federal Reserve Is a Money-Making Enterprise

The Federal Reserve is a money-making enterprise. This probably shouldn’t come as any surprise, given that the central bank can create money out of thin air and buy yielding assets. Still, the Fed rakes in a staggering amount of money. The central bank recently released its unaudited preliminary financial statement for 2021.

Consumer Sentiment at 10-Year Low

Joe Biden is telling us the economy is back on track. And the Federal Reserve insists it can slow down the inflation freight train. But the average American isn’t quite so sanguine. Consumer sentiment plunged to the second-lowest level in a decade in January, according to the University of Michigan Surveys of Consumers.

Last Month Proves to Be an Outlier – Metal is Leaving Comex Vaults Again

Last month, we saw a small increase in metal stored in COMEX vaults, but that turned out to be a blip in the trend. Metal is leaving the COMEX vaults again. 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 […]

Joe Biden’s Economic Dumb-Guy Argument

President Joe Biden is running around trying to take credit for a “booming” economy. It’s the ultimate political dumb-guy argument.

Peter Schiff: The Fed Made This Bed and Now We Have to Lie In It

Inflation is running hot. Economic data is running cold. Stocks and bonds are under pressure. The Fed is scrambling. In his podcast, Peter Schiff talked about the trajectory of the economy. He said we’re on the cusp of the most obvious crisis that virtually nobody saw coming. The Federal Reserve made this bed. Now we […]

Could Gold Shine in 2022 Despite the Fed’s Proposed Inflation Fight?

Despite an inflationary freight train, gold struggled to gain ground in 2021 as the markets fixated on the Federal Reserve and the possibility of tighter monetary policy to fight inflation. Will gold continue to fight headwinds in 2022 as the Fed launches its “inflation fight,” raises rates and possibly begins to shrink its balance sheet? […]

Peter Schiff: This Bubble Economy Is Going to Burst

Peter Schiff recently appeared on the Rob Schmidt Show on Newsmax to talk about the trajectory of the US economy. Peter explains how the Federal Reserve and the US government created a massive bubble, why it is going to ultimately pop, and how to protect your savings and investments when it does.

Biden Is Going to “Fix” the Meat Supply Chain? The Government Broke It Decades Ago

Elizabeth Warren and others are running around blaming inflation on greedy corporations’ “price gouging.” Of course, this narrative falls apart when you realize producer prices are rising faster than consumer prices. If anything, producers are letting consumers gouge them by not passing on all of their rising costs.