Peter's Blog

Global Mine Output Up Slightly in 2018; Shows Continued Signs of Slowing

Global gold mine output marked its 10th year of annual growth but continued to show signs of slowing in 2018, according to the World Gold Council. Gold production rose fractionally by about 1% totaling 3,346.9 tons. That compares with 3,318.92 tons mined in 2017  — a 28-ton increase year-on-year. Meanwhile, global gold demand grew by 4%.

Fun on Friday: Would You Buy a $500 Brownie?

Would you pay $500 for a brownie? Now, before you answer rashly, let me tell you something important about this brownie. It’s covered in 24-karat gold. 

The Powell Put Is On! SchiffGold Friday Gold Wrap 02.01.19

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.

Peter Schiff: The Powell Pause Won’t Be Enough

The Federal Reserve Open Market Committee met yesterday and held interest rates steady in the 2.25-2.50% range. This wasn’t really a surprise. More significantly, Fed Chair Jerome Powell kept up the dovish rhetoric, saying, “The case for rate increases has diminished. I would need to see a reason for further rate hikes that would have […]

Global Gold Demand Grew By 4% in 2018

Global gold demand grew by 4% in 2018, driven by a multi-decade high in central bank buying, according to the World Gold Council’s Gold Demand Trends 2018 Report. Gold demand came in at 4,345.1 tons in 2018. That was up from 4,159.9 tons the previous year. This was in line with the five-year average growth.

Schiff, Holmes, Hug and Sebag on the Ultimate Gold Panel (Video)

Peter Schiff recently participated in the Ultimate Gold Panel at the Vancouver Resource Investment Conference. Hosted by Daniela Cambone of Kitco News, the panel delved into a deep discussion about the future of gold based on both historical analysis and current economic trends. Peter is joined on stage by Frank Holmes, Peter Hug, and Roy Sebag. […]

Moscow Exchange Chief Pitches Alternative to US Dollar Investments — Gold

During a speech at the lower house of the Russian parliament, the CEO of the country’s key trading floor suggested Russian investors should replace investments they’ve made in dollars with gold. “Let’s offer an alternative to the US dollar in the form of Russian gold, which we produce… investment gold,” Moscow Exchange (MOEX) CEO Alexander […]

Investors Ditching Bitcoin for Gold

Bitcoin investors are selling cryptocurrency and buying gold, according to a number of investment analysts. “I do think that Bitcoin pulled a little bit of demand away from gold last year, in 2017,” Jan Van Eck told CNBC’s ETF Edge last week. “Interestingly, we just polled 4,000 bitcoin investors and their number one investment for 2019 is […]

Treasury Department Ups January-March Borrowing Estimate Another $8 Billion

The government shutdown apparently didn’t save Uncle Sam any money. The US Treasury Department said it will borrow about $8 billion more than originally estimated in the first quarter of 2019 as deficits continue to spiral upward. According to new Treasury Department projections, the US government will issue $365 billion through credit markets in the […]

Free Minds and Free Markets: It’s Your Dime Interview with Reason’s Nick Gillespie

From the moment we enter the education system, we’re taught that government provides a benevolent hand that guides the economy and protects its citizens. For more than 50 years, Reason Magazine has been exposing the cracks in this narrative, contrasting the heavy hand of government with the beauty of free minds and free markets. In […]