Peter's Blog

Irrational Allocation and Gold

Americans own far less gold than they should. Less than .5% of American consumer portfolios are gold. Although gold provides countercyclical safety to the market and has grown consistently in relation to the dollar and performed not dramatically differently from the S&P over the last 25 years, Americans still only allocate a tiny portion of […]

Fed Governor Cook Admits AI Boom Is Fueling Inflation, Says Rate Hikes Cannot Fix It

Federal Reserve Governor Lisa Cook delivered a speech titled “An Update on AI and the Economy” on September 28th at the Oakland Tech Week Opening Keynote, cohosted by the Kapor Center in Oakland, California. Cook discusses why she voted with the rest of the Federal Open Market Committee (FOMC) to raise interest rates by 25 […]

Peter Schiff: Wishful Thinking Won’t Save This Market

In Sunday’s episode of the Peter Schiff Show, Peter tackles the disconnect between Wall Street optimism and economic reality. He walks through the dangerous complacency around rising bond yields, warns of a historic breakdown in market breadth, and reiterates his long-standing case for gold as the ultimate safe haven. He also touches on the psychology […]

Entrepreneurship as the Pursuit of Beauty

Entrepreneurship is at its core nothing more than the pursuit of beauty. Although an entrepreneur shares many activities with an employee, the nature of the activity is oriented towards beauty rather than anything else. This is not merely a philosophical preference, but rather the nature of entrepreneurship itself. Beauty is, while not necessarily definable, recognizable […]

Distributism is Built for Failure

Distributism is a recently resurgent form of social and political thought that attempts to create a free society ordered in a specific way through state intervention. This sounds like a paradox, because it is one. Distributists do not like to believe that they are proponents of larger forms of government, however their policies almost inevitably […]

CFTC CoTs: Managed Money No Longer Driving Price Moves

Please note: the CoTs report was published 09/25/2026 for the period ending 09/22/2026. “Managed Money” and “Hedge Funds” are used interchangeably. The Commitment of Traders report is a weekly publication that shows the breakdown of ownership in the Futures market. For every contract, there is a long and a short, so the net positioning will […]

Schiff on World Affairs in Context: America’s Debt Bomb is Ticking

Last week, Peter joined host Lena Petrova on World Affairs in Context to walk through the mounting dangers facing the US economy. He lays out how the national debt, the Federal Reserve’s inflationary tools, and shortsighted political decisions are converging to set up a crisis far worse than anything Americans have experienced in modern times. […]

Schiff on Metals and Miners: The Fed Can’t Fix the Yield Problem

Last week, Peter joined Gary on the Metals and Miners podcast to explain why confidence in the US Treasury market is eroding and why the Federal Reserve’s response will only make matters worse. He walks through the mechanics of Fed intervention, the coming pressure on the dollar, and why gold remains the standout asset in […]

Comex Update: 400oz Gold Contract Cancelled; Silver Demand Strengthens

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 […]

Socialism Is Pure Inefficiency

Rather than being a radical antidote to the perceived errors of market capitalism, socialism is actually very similar to capitalism, but with some extra steps of inefficiency. Capitalism often consolidates the means of production through increasing returns to scale, and sorts people through the pice system into the roles where they would add the most […]