Peter's Blog

The Federal Reserve Is Trapped

The Federal is supposedly on the path to tighter monetary policy, although it is currently still pouring gas on the inflation fire. The central bank says it is tapering its asset purchases even now, and will eventually begin shrinking its balance sheet. It also plans to raise interest rates. Peter Schiff has been saying the […]

Peter Schiff: The Dollar Is Monopoly Money Supported By a Ponzi Scheme

The national debt quietly pushed past $30 trillion on Jan. 31. But that is only the tip of the debt iceberg. The American taxpayer is on the hook for a lot more than that. In his podcast, Peter Schiff said US government borrowing and spending has turned the dollar into monopoly money propped up by […]

US National Debt Pushes Above $30 Trillion

On January 31, the national debt quietly eclipsed $30 trillion. The US government has run up debt at breakneck speed after raising the debt ceiling. The national debt broke through $29 trillion on Dec. 16. It took just 46 days for Uncle Sam to add another $1 trillion to his massive pile of debt. It […]

Gold Mine Production Up in 2021 But Below Pre-Pandemic Levels; Overall Gold Supply Falls

Global gold mine production increased in 2021 as economies opened up after the first wave of the coronavirus pandemic. But mine output did not recover to pre-pandemic levels, and overall gold supply fell for the second straight year. According to data released by the World Gold Council, annual mine production increased 2% year on year, […]

What is the Comex Gold Market Signaling?

As reported last week, Comex January turned out to be extremely strong in both gold and silver for a minor month. Most of that strength materialized after First Position. February was looking modest in gold and weak in silver, but the gold market is now showing outlier trends. This analysis focuses on gold and silver delivery […]

Oklahoma Considering Creation of State Gold Bullion Depository

A bill filed in the Oklahoma Senate would establish a state bullion depository similar to the one operating in Texas. This would not only create a safe place to store precious metals; it also has the potential to facilitate the everyday use of gold and silver in financial transactions in Oklahoma and set the stage […]

Peter Schiff MoneyShow Talk: Stagflation Will Shock the Markets

Peter Schiff recently spoke at the January 2022 Virtual MoneyShow. He talked about the impacts of inflation and said stagflation is going to shock the markets.

2021 Chinese Gold Demand Surged Above Pre-Pandemic Levels

Chinese gold consumption rebounded in 2021, rising by 36.53% year on year as the market continues to recover after taking a hard hit during the coronavirus pandemic. More significantly, gold demand was up 11.78% compared with consumption in 2019, before the pandemic. China ranks as the world’s number one gold consumer.

Peter Schiff: Consumers Are Concerned; Investors Are Clueless

Is bitcoin an inflation hedge? Peter Schiff recently appeared on RT Boom Bust with Natalie Brunell of Coin Stories to discuss inflation and whether bitcoin is a hedge. Peter said bitcoin is not an inflation hedge. He called it a “speculative token” with its price driven by supply and demand. But what about gold? It […]

Fed’s Taper Struggle: Central Bank Adds Another $100 Billion to Balance Sheet

The Fed is talking taper. But it seems to be having a hard time actually tapering. The central bank added another $100 billion to its balance sheet in January.