Peter's Blog

Fed Considering Using Quantitative Easing “More Readily”

Once upon a time, quantitative easing was considered an “extreme measure.” But it may become more commonplace. According to a Reuters report, central bankers in the US are discussing whether they should turn to that “tool” more often. In other words, the Fed may make the “extreme” the norm.

Fun on Friday: Dumb Politician Edition

When I was a kid, I thought people in elected offices were among the brightest and best. Then I grew up, started interacting with politicians and realized they are no smarter than anybody else. And in fact,  a lot of them are downright dumb. Well, I’ve got an Oklahoma lawmaker for you that fits neatly […]

The Green (And Red) New Deal: SchiffGold Friday Gold Wrap 02.08.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Global Gold Holdings in Gold-Backed ETFs Up for Fourth Straight Month

Total holdings of gold in gold-backed ETFs grew for the fourth straight month in January. Globally, ETFs added 72 tons of the yellow metal to their holdings last month, according to the latest data released by the World Gold Council. This brought the total amount of gold held by funds worldwide to 2,513 tons valued at […]

That Moment Janet Yellen Sounds Just a Little Bit Like Peter Schiff

All of a sudden, former Federal Reserve chair Janet Yellen sounds a little bit like Peter Schiff. During an interview on CNBC,  Yellen conceded that the next Fed move could be an interest rate cut. Of course, it’s possible. If global growth really weakens and that spills over to the United States where financial conditions tighten […]

2019 Looks Bullish for Silver

Last year was tough for silver with lower demand muting prices. But the Silver Institute is bullish on the white metal for 2019, projecting a rebound in demand coupled with lower mine output. 

Monetary Drug Pushers Have Created a World of Corporate Debt Junkies

After Jerome Powell indicated that the Federal Reserve tightening cycle was on pause during last week’s FOMC meeting, Peter Schiff said, “The monetary drug pushers at the Federal Reserve gave the addicts on Wall Street exactly the fix that they had been craving.” Peter often compares the markets to drug addicts. They are addicted to […]

Several States Considering Bills to Repeal Taxes on Gold and Silver

Several state legislatures are considering bills that would repeal taxes on the sale of gold and silver. Fundamentally,  gold and silver are money. But most governments treat precious metals as a commodity. They don’t accept it as payment. Worse than that, they tax it. Think about the absurdity of this policy.

US Adds $1.5 Trillion to Debt in 12 Months; Who’s Buying All These Bonds?

Over the past 12 months, the US federal government has added $1.5 trillion to the national debt. As of Jan 30, the debt stood just under the $22 trillion mark at $21.97 trillion, according to the latest Treasury Department data. As WolfStreet put it,  we’re seeing these rapidly increasing levels of debt during “good times when […]

Peter Schiff: This Is the Beginning of the End (Video)

During his keynote speech at the Vancouver Resource Investment Conference, Peter Schiff said we are at the beginning of the end. The Fed appears to have paused interest rate hikes in order to save the stock market. The markets have reacted positively and a lot of analysts seem to think we’re out of the wood. […]