Peter's Blog

Peter Schiff: The Era of Low Inflation Is the Only Thing That’s Transitory

Last week, the Fed sped up its timetable for tapering its asset purchases and raising interest rates. While this represents a slightly tighter monetary policy, it’s far from truly tight. And yet, the central bankers at the Fed and a lot of people in the mainstream seem to think these small steps will tame the […]

The Technicals for Gold: Yet Another Battle at $1800

Gold looked very strong through mid-November. Trends in September and October had been pointing to a breakout. The market delivered sending gold up through $1870. Unfortunately, hard resistance kept the bulls in check, despite repeated attempts to breakthrough. The previous price analysis presumed that a Brainard nomination at the Fed would be the catalyst needed to break through $1880. […]

Comex Stock Report: JP Morgan Refill the Coffers

Gold inventories in Comex vaults increased for only the second time since February this year. 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 below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of […]

Fun on Friday: Messing With Your Christmas Memories

‘Tis the season for Christmas specials. I’m not going to lie – even as a grown man, I love watching Christmas specials. Snoopy decorating his dog house. The Grinch folding up the Christmas tree like an umbrella and stuffing it up the chimney. And Frosty the snowman melting in the greenhouse.

Taking a Pea Shooter to a Bazooka Fight: SchiffGold Friday Gold Wrap Podcast Dec. 17, 2021

We got more bad inflation news this week as the Federal Reserve wrapped up its final FOMC meeting of the year. Supposedly, the central bank has launched its war on inflation. Has it though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about inflation and the Fed meeting and explains […]

Retail Sales Disappoint Despite Surging Prices

In October, retail sales surged much higher than expected, rising 1.7%. The mainstream gushed over retail spending, asserting that it was a sign that the economy is booming. At the time, I argued that it wasn’t necessarily good news. Well, the news just got even worse. Retail sales in November disappointed, despite another big surge […]

Peter Schiff: A Dove Doesn’t Change Its Feathers

The Federal Reserve is set to launch its war on inflation. But it looks like it’s carrying a pea-shooter to a gunfight. Or as Peter Schiff put it, a dove can’t change its feathers.

Silver on Sale: Silver-Gold Ratio Back Above 80:1

The silver-gold ratio has climbed back above 80-1. This has historically signaled silver on sale. As I write this article, the ratio stands at just over 80:1. That means it takes just over 80 ounces of silver to buy an ounce of gold. To put that into perspective, the average in the modern era has […]

A Runaway Inflation Freight Train the Fed Won’t Stop

The producer price index rose at the fastest rate in the history of the data set in November. This is a runaway inflation train hurtling down the tracks toward consumers. And despite all the talk, the Fed won’t be able to stop it.

Russians on a Gold-Buying Spree

Russians have gone on a gold-buying spree. According to Russian media reports, investors in the country have bought a record amount of gold since 2014 despite prohibitively high taxes.