Peter's Blog

Inflation Bites! Rising Prices Are Eating Up Personal Income Gains

Inflation bites! Personal income rose again in August, but once again rising prices ate up all the gains and then some.

Central Banks Added Nearly 30 Tons of Gold to Holdings in August

Central banks continue to add gold to their reserves.  Global central bank reserves increased by a net 28.4 tons in August, according to data compiled by the World Gold Council. Gross central bank gold purchases came in at 30 tons.

Peter Schiff: Government Serves Grade-A B.S. on Inflation

Both the Federal Reserve and the Biden administration continue to insist inflation is transitory. And they are also trying to shift the blame for rising prices so they avoid any responsibility. In this clip from his podcast, Peter Schiff explains why the government inflation narrative is Grade-A B.S.!

One Ring to Rule Us All: A Global Digital Fiat Currency

We’ve written extensively about the “war on cash.” In a nutshell, governments would love to do away with cash in order to better track and control their citizens. There have been numerous moves closer to a cashless society in recent years, from capping ATM withdrawals to doing away with large-denomination bills. Last year, China launched […]

Hedge Funds Pile into Short Positions During September

Please note: the COTs report was published 10/1/2021 for the period ending 9/28/2021. “Managed Money” and “Hedge Funds” are used interchangeably. The Commitment of Traders analysis last month showed a potentially bullish setup in both gold and silver. The washout of Managed Money Net Long contracts that occurred in early August appeared to be over and a […]

Delivery Results: Silver Down and Gold Mixed

As we move into October, physical silver delivery is down on Comex while gold was a mixed bag. This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.

Fed Absorbs $60B of 1 to 5-Year US Treasuries in September

The Fed keeps talk, talk, talking about tapering quantitative easing, but the balance sheet continues to get bigger and bigger and bigger. The Fed balance sheet stands at $8.45 trillion, up by$115 billion from the prior month-end.

Ohio Gold and Silver Tax Repeal Now in Effect

(October 1, 2021) – Beginning today, you will no longer have to pay sales tax when you buy gold and silver in the state of Ohio. Last summer, Ohio Gov. Mike DeWine signed a bill into law that exempts gold and silver bullion and coins from sales tax. This will not only relieve some of the […]

Shock! There’s Corruption at the Fed!

The Federal Reserve not only runs US monetary policy with its interest rate manipulations and its quantitative easing program; it also “regulates” financial institutions. That’s why the fact that several Fed members made multiple multimillion-dollar stock trades in 2020 even as the central bank was putting its big fat thumb on the economic scales is […]

M2 Grows at Fastest Pace Since February

Even as the Fed talked about tightening monetary policy, the money supply grew at the fastest pace since last winter. In the latest period, M2 increased by $263 billion. This is a major jump compared to the last two months and is the highest month-over-month growth since February. The same period in 2020 saw M2 only […]