Peter's Blog

The Fed Is Back in the Treasury-Buying Business!

Has QE4 already started? For the first time since October 2014, the Federal Reserve has bought a significant number of US Treasurys. Over the past two weeks, the Fed purchased $14 billion in US bonds.

Fun on Friday: This Post Blows

As I write this, Hurricane Dorian is taking aim at Florida. What’s fun about that? you might ask. Well, nothing. And I don’t want to minimize the potential for disaster. But the hurricane hasn’t hit yet and the runup to a storm provides a lot of amusement and some educational moments. I just can’t resist.

Silver on Rocket Fuel! SchiffGold Friday Gold Wrap Aug. 30, 2019

Gold has had a pretty solid month, but silver has been going up like it’s on rocket fuel. In this episode of the Friday Gold Wrap, host Mike Maharrey takes a close look at the silver market and what’s going on there. He talks a little trade war, saying that maybe we shouldn’t be talking […]

Bank of England Governor: Dollar “Too Dominant” as Reserve Currency, Needs to Be Replaced

During a recent interview on RT America, Peter Schiff said investors should stay away from the dollar, not only because of the looming recession, but because its days as a reserve currency could be numbered. Is this just hyperbole, or could the US dollar really fall off its throne? America’s enemies would certainly like to see […]

How Long Can Over-Leveraged Consumers Prop Up the Economy?

Earlier this week, Spencer Schiff wrote an article noting the importance of consumer spending to the US economy and the consequences that will follow if Americans suddenly tighten up their wallets.  Schiff isn’t alone in his concern. A mainstream economist sounded a similar warning during a recent CNBC interview.

Hi-Ho Silver! Away!

There has been a lot of focus on the recent gold rally. It has even caught the attention of the mainstream. But silver has also been quietly running upward. In fact, the white metal has outperformed gold this month. While the yellow metal has gained about 8% on the month, silver is up 11%. Yesterday […]

Peter Schiff: Trade Deals Won’t Fix the Economy

One day Trump is on Twitter ratcheting up the trade war with China and the next he is pulling back and saying a deal is close. This back-and-forth has been yo-yoing markets for months. Peter Schiff recently appeared on RT Boom Bust to talk about the trade war. He said he doesn’t think there’s much […]

Perception Is Reality for Consumer Spending

By: Spencer Schiff (@SchiffSpencer) The recession narrative is suddenly catching on. That could spell major trouble for consumer spending and our economy as a whole. Following the recent 2s10s inversion and subsequent stock market volatility, countless prominent news outlets have been reporting on the possibility of an impending economic downturn. The number of articles mentioning […]

Peter Schiff: Gold Is Not Going to Stop This Time

Gold has continued to push upward. The latest catalyst was another escalation of the trade war. Gold briefly moved above $1,550 in dollar terms. But it has done even better in relation to other currencies. In fact, the yellow metal is at record highs in nearly every currency except the dollar. Peter Schiff appeared on […]

David Stockman: We’re in the Mother of All Bond Bubbles

A couple of weeks ago, the yield on the 10-year Treasury fell below the yield on the 2-year for the first time in 12 years. This inversion of the yield sparked recession fears in the mainstream. But in an interview with Tom Woods on Contra Krugman, former Reagan administration Office of Budget Management Director  David […]