Peter's Blog

Fun on Friday: Getting Prepared

Hurricane season started this week. That means those of us who live in Florida are in preparedness mode – or at least we should be. For you landlocked readers, the notion of a hurricane kit is probably foreign to you. But for those of us who live in hurricane-prone coastal areas, updating the hurricane kit […]

Slow Burn: SchiffGold Friday Gold Wrap Podcast June 4, 2021

With some positive economic data coming out this week, investors suddenly went bullish on the economy again and decided that the Fed is surely going to deal with inflation now. Will it though? In this Friday Gold Wrap Podcast episode, host Mike Maharrey speculates about the Fed’s next move. He also looks ahead and talks […]

Central Banks Add Another 69 Tons of Gold to Reserves in April

Central banks globally added another net 69.4 tons of gold to their reserves in April, according to preliminary numbers compiled by the World Gold Council. Gold-buying by central banks slowed last year from the record pace we saw in 2018 and 2019. That trend has continued into 2021, but buying is ahead of last year’s […]

The War on Cash: US Exploring a “Digital Dollar”

Last year, China launched a digital yuan pilot program. The Chinese government-backed digital currency got a boost when the country’s biggest online retailer announced the first virtual platform to accept the Chinese digital currency. China isn’t the only government exploring the possibility of digital money. Sweden has developed a digital currency of its own. The […]

The Biden Budget: Borrow and Spend to Infinity and Beyond

President Joe Biden released his 2022 budget this week. The $6 trillion spending plan offers a glimpse into Biden’s long-term fiscal strategy – borrow and spend to infinity and beyond. The Biden budget would take the US to its highest sustained spending levels since World War II. And here you thought the pandemic emergency was […]

Americans Are Worried About Inflation

If you’ve been to the grocery store, or the gas station, or the building supply store, you know we have an inflation problem. Last month’s hotter than expected CPI confirmed what we already intuitively know. But the folks over at the Federal Reserve continue to tell us there’s nothing to worry about. They insist inflation […]

Tennessee Will Explore the Possibility of a State Gold Depository

Last month, Tennessee Gov. Bill Lee signed a bill into law that creates a commission to study the feasibility of creating a gold bullion depository in the Volunteer State. A state bullion depository would not only create a safe place to store precious metals; it would increase the state’s financial independence. It could also facilitate […]

Traders Starting to Realize High Inflation is Bullish for Gold

For months, the markets have responded to inflationary pressures by piling into dollars and selling gold. They’ve taken this counterintuitive approach because they believe the Fed will tighten monetary policy to fight inflation sooner rather than later. But we’re starting to see a shift in sentiment. Traders seem to be realizing that inflation might be […]

Fun on Friday: Golden Dad Jokes

As a dad, I have to confess to delivering my fair share of dad jokes. You know what I mean, right? I’m talking about those jokes that make the kids’ eyes roll into the back of their heads and elicit groans from the wife. Let’s be honest; dad isn’t funny. And that’s what makes dad […]

Intervention Begets Intervention: SchiffGold Friday Gold Wrap Podcast May 28, 2021

The Fed wants us to believe everything is under control. The economy is improving. Inflation is transitory. Good times are ahead. But behind the scenes, central bankers and government officials are scrambling to keep all the economic props in place. As they intervene in one area of the economy, they create problems in another. In […]