Peter's Blog

The Mainstream Has the Inflation Story Backwards

The mainstream blames inflation on “supply chain bottlenecks.” But they have it completely backward. In reality, Federal Reserve-created inflation is causing the supply chain mess.

Artificially Low Interest Rates? So what?

The Federal Reserve has held interest rates artificially low for decades. Even after pushing rates to zero in the wake of the 2008 financial crisis, “normalization” only managed to raise rates to 2.5% — hardly “normal.”  The central bank began cutting rates in 2019, even before the coronavirus pandemic. But what difference does it make? […]

Silver’s Growing Role in Global Connectivity and Other Silver News

The use of silver in electronics and electrical applications is expected to rise by 10% over the next five years. And this doesn’t include the expected demand increase for silver in the solar energy sector. This is one of several silver-related stories covered in the latest edition of Silver News published by the Silver Institute.

Peter Schiff: What’s Going on With the Price of Gold?

Gold has been rangebound of late, bouncing between $1,750 and $1,800 an ounce for several months. Given the inflationary environment, one would expect gold to be soaring. So, what’s going on with the yellow metal? And when will the price of gold go up? Peter Schiff tackled this question during a recent Q&A session on […]

Peter Schiff: We Can’t Ignore These Record Trade Deficits Forever

Trade deficits used to be an important market mover. In fact, many blame the 1987 stock market crash on a much worse than expected trade deficit. That led to weak dollar and bond markets that bled over into the stock market. But today, traders mostly ignore the trade deficit. In fact, the US trade deficit […]

Hedge Funds Increase Net Longs 180% in Gold and 726% in Silver During October

Hedge funds closed shorts and went long in both gold and silver in October. Please note: the COTs report was published 10/29/2021 for the period ending 10/26/2021. “Managed Money” and “Hedge Funds” are used interchangeably. The Commitment of Traders analysis last month highlighted the potential over-extension of the shorts leading to a rebound. This proved to […]

November Comex Delivery Analysis

I reported last week that Comex delivery activity was looking very quiet in both gold and silver. The results for November are very weak. That being said, October and November are historically slow months, so the real test will come in December. This analysis focuses on gold and silver physical delivery on the Comex. See the […]

Did the Fed Experiment With a Mini-Taper and Fail?

The Federal Reserve has slightly slowed its asset purchases over the last few months. Was this a trial mini-taper? If so, the results are not good news for the central bankers over at the Fed. The Fed balance sheet stands at $8.56 trillion. That’s up by $108 billion from the prior month-end, but down over […]

Inflationary Spiral: SchiffGold Friday Gold Wrap Oct. 29, 2021

Is inflation transitory, as Federal Reserve Jerome Powell has claimed for months? Or are we on the verge of hyperinflation, as Twitter CEO Jack Dorsey recently warned? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks inflation, digs into the data, and concludes that it’s pretty clear we’re in an inflationary […]

How Much Gold Is There in the World?

How much gold is there in the world? The simple answer — not much! Scarcity is one of the characteristics that give gold value.