Peter's Blog

Peter Schiff: Trump Loses It on Twitter

Donald Trump went on a Twitter rant Friday. In his latest podcast, Peter Schiff said the president basically “lost it.” There was a lot of news on Friday before Trump went off on Twitter. Jerome Powell gave his speech at Jackson Hole. He was generally upbeat about the economy. Then China announced additional tariffs on […]

Mine Output Fell Sharply in 3 Top Silver-Producing Countries in H1

Mine output fell significantly in three of the world’s top silver-producing countries through the first half of the year. Peru’s silver production fell 10%, mine output in Mexico fell 4%, and silver production in Chile was down 7%, according to data released by government agencies in those three countries.

Fun on Friday: Just Say No to Gas Station Gold

Here’s a tip for you. If some guy comes up to you in a gas station parking lot and tries to sell you gold, don’t buy it. Seriously. Just say, “No!”

Trump’s Strange Economic Tightrope: ShiffGold Friday Gold Wrap Aug. 23, 2019

This week has been relatively quiet in the markets. Gold has drifted up and down as traders wait to see what kind of message Fed Chair Jerome Powell will deliver during his Jackson Hole speech. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some tidbits of news and speculates about what […]

Larry Kudlow Says Nobody Predicted the 2008 Crash; Peter Schiff Did — On Kudlow’s Own Show

Trump economic adviser Larry Kudlow said nobody saw the 2008 crash coming. Of course, Peter Schiff did. And he said so more than once on Larry’s own show.

Gold Serving as a Lifeline for Indians During Credit Crunch

Gold has become a lifeline for Indians in the midst of a severe credit crunch. When the state-run lender refused to extend Babasaheb Mandlik credit, he used his wife’s gold jewelry as collateral for a loan in order to buy cotton seeds before the summer sowing season window closed.

Peter Schiff: The Media Has Flipped the Narrative on Trump

Last week, the yield curve inverted, with the yield on the 10-year Treasury falling below the yield on the 2-year for the first time in 12 years. This has historically been a good predictor of recessions. US stock markets sold off on the news, with the Dow shedding 800 points. As Peter Schiff noted in […]

Peter Schiff: Now Is a Great Time to Get Into Gold

Markets have been yo-yoing and analysts have been debating what it all means. Peter Schiff appeared on RT Boom Bust on Aug 19 to talk about what’s going on in the global economy and more specifically in the gold market. Peter said now is an ideal time to get into gold. Peter started out the […]

Uncle Sam Is Spending Like We’re In Recession; What Happens When We Really Are?

Last week we got the updated federal budget deficit numbers. At $867 billion, the 2019 fiscal year budget shortfall has already eclipsed last year’s deficit of $779 billion. The out of control spending and spiraling deficits are concerning enough on their own terms, but they become absolutely horrifying when you consider that these budget shortfalls […]

Mobius: Buy Gold at Any Level!

Last week we reported that the mainstream is turning bullish on gold, and in recent months, a number of prominent investors including Paul Tudor Jones, Thomas Kaplan and David Roche have all talked up the yellow metal. This week, we have another well-known veteran investor saying buy gold. During an interview with Bloomberg, Mark Mobius […]