Peter's Blog

Peter Schiff: The Fed Will Wave the White Flag at Inflation

Peter Schiff recently appeared on RT Boom Bust to talk about inflation, the Fed and gold. He said a lot of people still think the Fed will soon tighten monetary policy to deal with rising inflation pressure. But they’re wrong. Ultimately, the Fed is going to surrender to inflation without a fight. When the markets […]

Fun on Friday: The FBI’s Treasure Hunt

The FBI has gold fever! Back in March 2018, FBI agents descended on a remote wooded area in Pennsylvania and started digging. The G-Men were mum about their purpose at the time, saying only that agents were there executing a court-authorized excavation of “what evidence suggested may have been a cultural heritage site.” But recently […]

Stimulus, Inflation and More Inflation: SchiffGold Friday Gold Wrap Podcast March 12, 2021

Do you feel stimulated? Congress got the deal done on a $1.9 trillion stimulus package this week. But the markets continue to behave as if there is no inflation threat with all this borrowing, spending and money printing. On this week’s Friday Gold Wrap, host Mike Maharrey breaks down the stimulus bill. He tells you […]

What Is CPI Really Telling Us?

The Labor Department released February’s CPI numbers on Wednesday. The mainstream spin was “no inflation, nothing to see here.” But what will we find if we dig a little deeper into the numbers? CPI was up 0.4% in February. That follows on the heels of a 0.3% rise in January. The rise was in line […]

What’s In This Stimulus Bill 3.0? And Who’s Going to Pay for It?

On Wednesday, the House gave final approval to coronavirus stimulus bill 3.0. For those keeping score at home, that brings total stimulus spending approved during the pandemic to $5 trillion. So, what exactly is all of this money going to be spent on? And who is going to pay for it?

Government Stimulus Is Blowing Up a Massive Economic Bubble

We’re told we’re on the road to economic recovery. The $1.9 trillion stimulus is all we need to get us over the hump. But the truth is, Americans started spending like they were over the hump months ago. In fact, American consumers high on stimulus have been on a spending spree since last summer. The […]

Peter Schiff: You Can’t Consume What You Don’t Produce

There’s an economic myth out there. As the story goes, governments can print their way to prosperity. Just run the money printing press, hand out cash for consumers to spend and the economy will hum. In this clip from a podcast episode, Peter Schiff calls it “The Kelton Myth” named for economist Stephanie Kelton. At […]

Precious Metals Imports Into US Hit 19-Year High in 2020

Imports into the US of gold, silver and other precious metals surged last year. The value of precious metals pouring into the US hit a 19-year high in 2020 and doubled the volume of 2019, according to an analysis of census trade data by USA TODAY.

Peter Schiff: The Fed Between a Rock and a Hard Place

The markets seem to think the Fed is going to fight inflation. They believe that the central bank will pivot to tighter monetary policy sooner than expected as inflation heats up, even though Jerome Powell keeps insisting inflation isn’t really a problem. In a recent podcast, Peter Schiff said that the truth is the Fed […]

Hiding the Harm of Minimum Wage Laws in a Sea of Data

The federal minimum wage hike didn’t make its way into the coronavirus stimulus bill passed by the Senate last week, but it is an idea that won’t die. With Biden in the White House and Democrats controlling both houses of Congress, the issue will almost certainly come up again sooner rather than later. Proponents of […]