Peter's Blog

India Charts Healthy Gold Demand in September

Gold demand in India was healthy in September and the outlook is strong moving forward. Healthy retail demand in September drove the local price briefly into a premium of $2 to $3 per ounce early in the month. It was the first time gold had been in premium since May.

Peter Schiff: A Massive Fiscal Time Bomb

Federal Reserve Chairman Jerome Powell knew fighting inflation would cause big problems in a bubble economy loaded up with debt. He put it off as long as he could, calling inflation “transitory.” But once inflation became a huge problem, the central bank had no choice but to get into the fight and start tightening monetary […]

National Debt Blows Passed $31 Trillion! So What?

“I can scarcely contemplate a greater calamity that could befall this country than to be loaded with a debt exceeding their ability to ever discharge.” – Brutus Well, here we are. On Monday, the US national debt eclipsed $31 trillion for the first time in history.

Peter Schiff vs. Bart Melek: Is It Time to Buy Gold?

Is now the time to buy gold? Or should we be bearish on the precious metal? Peter Schiff debated TD Securities Global Head of Commodity Markets Strategy Bart Melek on the future of gold prices on CNBC Asia.

UN Agency Warns of Global Recession Due to Tightening Monetary Policy

The United Nations Conference on Trade and Development (UNCTAD) got it half right. The UN agency warned that there is a high risk of a global recession due to central banks tightening monetary policy to fight inflation. But the solutions offered reveal that the UNCTAD has no idea what causes inflation.

Inflation Is State Sponsored Terrorism: A Metal Exchange Interview With Jeff Deist

Americans have been laboring under the burden of inflation for well over a year. Mises Institute President Jeff Deist argues that inflation is an intentional policy and should be considered “state-sponsored terrorism.” In this Metal Exchange interview, host Mike Maharrey talks with Jeff about this assertion.

CoTs Report: Managed Money Hammers Gold for 7th Straight Week

Managed Money continues to hammer the price of gold lower as the Net Short position increased to -43k contracts. Please note: the CoTs report was published on 9/30/2022 for the period ending 9/27/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

Central Banks Add Gold for Fifth Straight Month

Central banks globally added to their net gold holdings for the fifth consecutive month in August, according to the latest data released by the World Gold Council. On net, central banks added 20 more tons of gold to their reserves. Three banks drove buying in August and there were no notable sellers.

Peter Schiff: The Bank of England Rings the Mother of All Bells

Last week, the Bank of England suddenly pivoted. It gave up its inflation fight to rescue its pension funds and bond market. What exactly happened? And what does it tell us about the Federal Reserve’s inflation fight? Peter Schiff explained it all on his podcast.

Surprise! Another Month = Another Failed Attempt at QT

The Fed has found it easier to raise rates than shrink its balance sheet. September was supposed to be the month when the Fed got serious about shrinking the balance sheet. After a few months of warming up with $47.5B monthly reductions, the Fed was going to step up in September and shrink by $95B ($60B in […]