Peter's Blog

The Founders Warned Us About Central Banking

The following article was written by South Carolina state Rep. Stewart Jones. The views expressed do not necessarily reflect those of Peter Schiff or SchiffGold. The Federal Reserve just lowered interest rates for the second time this year and announced more quantitative easing by injecting even more US dollars into the market. The days of cheap money […]

Peter Schiff: Spiraling Toward Recession

Last week, we got bad news in the manufacturing sector. The ISM index of national factory activity dropped to a 10-year low. It was the second straight month the number was below 50, which indicates a contraction in manufacturing. That news sent stock markets into a tailspin. This was followed up by a very week […]

Rising Investor Interest in Silver

Interest in silver investment has increased significantly in recent months. According to a report commissioned by the Silver Institute and put together by Metals Focus, silver investment has increased across a range of available instruments including physical metal, exchange-traded products (ETP) and in the futures markets. Increased market volatility, a return to easy-money policies by […]

Fun on Friday: What’s in Your Basement?

So, what do you have in your basement? My house in Kentucky is built on a concrete slab. And right now I’m in Florida. Here we call a basement an in-ground pool. So, I can’t really answer that question. But my grandfather had a basement. It was full of junk. I’m guessing that’s probably the […]

The Word of the Day Is Volatility: SchiffGold Friday Gold Wrap Oct. 4, 2019

It was a bumpy ride in the markets this week. Right now, volatility is the name of the game – in both stocks and precious metals. People are getting nervous out there with some pretty grim economic data this week stirring up recession fears. Meanwhile, the US government just keeps spending money it doesn’t have. […]

Fiscal Malfeasance: US National Debt Increased $1.2 Trillion in FY2019

The US national debt increased by $1.2 trillion in fiscal 2019, which ended Sept. 30. This follows on the heels of a $1.27 trillion increase in the national debt in fiscal 2018.

Dow Jones and S&P 500 Off to Worst Start for a Quarter Since the Great Recession

During his podcast earlier this week, Peter Schiff said “the party is over” in the stock market. As if on cue, the Dow Jones is off to the worst start in a quarter since the 2008 financial crisis. The Dow plunged 494.4 points on Wednesday, a 1.86% decline. Combined with Tuesday’s 343.7 point drop, the […]

Peter Schiff: The Party Is Over

As Peter Schiff put it in his podcast, if the first trading day of the fourth quarter was a sign of things to come, bulls on Wall Street are in for a rough end to the year. In fact, Peter said the party is over and you don’t want to be the last one to […]

The World Is Awash in Easy Money

The Federal Reserve isn’t the only central bank cutting interest rates. In fact, the world is awash in easy money. The Fed met market expectations during the September FOMC meeting and lowered interest rates another 25 basis points. It was the second cut of the year and pushed the interest rate down to the range of […]

Dollar’s Share of Global Currency Reserves at 6-Year Low; Yuan’s Share Biggest Ever

The percentage of US dollars held as currency reserves globally dropped to the lowest level in nearly six years in the second quarter of 2019 according to the latest IMF data. Meanwhile, Chinese yuan made up the biggest percentage of reserves ever. The dollar’s shrinking share of global reserves comes as countries like Russia and […]