Peter's Blog

Peter Schiff: This Jobs Report Does Not Reflect “Job Creation”

The economy is recovering quickly! Just look at the rebounding jobs market. But in a recent podcast, Peter Schiff poured cold water on the notion that falling unemployment is necessarily a sign of an impending economic boom. After all, people going back to work do not reflect actual job creation.

Fun on Friday: April Fools!

So, this week was April Fools’ day. I’ve never really been into practical jokes, but I did post something on Facebook to mark the day. “Taxation is the price we pay for a civilized society.” Amusingly, a few people actually took me seriously. They don’t know me very well!

Opportunities Lost: SchiffGold Friday Gold Wrap April 2, 2021

Joe Biden unveiled his massive infrastructure spending plan complete with tax increases this week. The president says it will create “opportunities.” But what about the opportunities that will never be realized because Biden and company went on a spending spree with our money? Host Mike Maharrey talks about it in this week’s Friday Gold Wrap […]

Bill Introduced in Congress to Repeal Capital Gains Taxes on Gold and Silver

A bill introduced in Congress would repeal capital gains taxes on gold and silver. Alex Mooney (R-WV) introduced HR2284. Titled the Monetary Metals Tax Neutrality Act, the legislation would eliminate capital gains, losses and all other federal income calculations on gold, silver, platinum, and palladium bars and coins.

Peter Schiff: Biden Infrastructure Plan Will Weaken the Economy and Destroy Opportunity

Joe Biden unveiled details of his $2 trillion-plus infrastructure plan complete with tax hikes. The claim is that this is going to strengthen the economy and create opportunity. Peter broke down the spending plan in his podcast and said it will do the exact opposite. It’s going to weaken the economy and destroy opportunity.

US Money Supply Growth Set Another Record in February

US money supply growth hit another all-time high in February as the Federal Reserve continues to churn out dollars and inject them into the economy. As measured by the True Money Supply Measure (TMS), the money supply grew by 39.1% year-on-year. That was up slightly from January’s record growth of 38.7%.

Peter Schiff: Do You Want to Buy a Bridge? The Strange Fantasy World of NFTs

Recently, a piece of collage art entitled “Everydays: The First 5000 Days,” by an artist known as Beeple, sold at a Christie’s auction for $69 million. The Wall Street Journal noted that the price was higher than any that has ever been paid for works of Frida Kahlo, Paul Gaugin, or Salvador Dali. But, before the auction, few outside […]

Is Basic Economics Wrong? Or Is Something Else Going on With Inflation?

We have been saying that given the extraordinary level of money printing the Fed has done since the beginning of the pandemic, a wave of price inflation is coming down the pike – perhaps even hyperinflation. But many will be quick to remind us that we raised the warning flag about inflation when the Fed […]

Peter Schiff: The One Promise the Fed Is Going to Keep

Since the beginning of the pandemic, government debt and money printing are off the chart. This is creating inflationary pressure. Prices are on the rise. And this is by design. In fact, the Fed has been promising more inflation for years. As Peter Schiff explains, it looks like this is one promise the Fed is […]

Russian National Wealth Fund Turning to Gold, Dumping Dollars

The Russian Finance Ministry has given the green light for the Russian National Wealth fund to diversify and invest in gold and other precious metals. According to a report by RT, this is part of a broader move to de-dollarize the wealth fund.