Peter's Blog

Peter Schiff: Fed Capitulation Is Just the First Piece of the Puzzle

Stocks got a boost on Friday and gold rose 1.8% on further signs that the Federal Reserve is capitulating. An article in the Wall Street Journal basically confirmed the Fed is now thinking about winding down its quantitative tightening program. As a CNBC headline put it, “The Fed may be moving closer to ending its […]

Fun on Friday: Move the Gold; Build a Bar

So, budgets are tight everywhere, right? Even at the Bank of England. Well, that’s not altogether true. It would be more accurate to say the central bank wastes a lot of money. Some government functionary got wind of it and now there’s a scramble to tighten things up over at the BoE. Said government functionary […]

The Government’s Closed! But Is It? SchiffGold Friday Gold Wrap 01.25.19

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: A Lot More People Should Be Looking at Gold (Video)

Peter Schiff recently sat down with Daniela Cambone on Kitco News and talked about gold, the phony government shutdown, and his track record on economic forecasting.

China Officially Adds to Gold Reserves as It Shifts Away from the US Dollar

China officially added gold to its reserves last month for the first time in two years. Meanwhile, the Chinese have been shrinking their holdings of US Treasuries. According to the Nikkei Asian Review, the moves are intended to reduce dependence on the US dollar. According to data released by the People’s Bank of China, the […]

Existing Home Sales Plunge; Biggest Year-on-Year Drop Since 2011

Here’s another sign that the air is coming out of housing bubble 2.0. Existing home sales fell 10.3% year-on-year in December. Sales, including single-family houses, townhouses, condos, and co-ops, dropped to a seasonally adjusted annual rate of 4.99 million homes, according to the National Association of Realtors. This ranks as the biggest year-over-year drop since May […]

A Look Back: How the Greenspan Fed Helped Blow Up the Dot-Com Bubble

We often talk about the fatal conceit and hubris of central bankers who think they can micromanage a complex economy. Oftentimes, these monetary policymakers do things with the best of intentions, believing their actions will move the economy in the right direction. Sometimes, they do things just to benefit their buddies. Regardless of their motives, […]

South African Gold Production Drops for 14th Straight Month

Gold output in South Africa fell for the 14th straight month in November. According to Bloomberg, it ranks as the longest streak of monthly declines since 2012. Production fell 14% from a year earlier, Pretoria-based Statistics South Africa said in a statement on its website last week. South Africa once led the world in gold […]

He Said What? Gold Is a Useless Metal?

A couple of days ago, CNBC commentator Jim Leventhal made a pretty astounding comment. When asked about gold, Leventhal said he had no interest in it because gold has no uses as a metal. No uses? What?

Peter Schiff: The Recession Is a Done Deal

US stock markets had a strong week last week. The Dow Jones capped it off gaining more than 300 points on Friday. Optimism about a trade deal with China along with increasing expectations that the Federal Reserve will slow the pace of interest rate hikes buoyed the markets. This has led many pundits to declare […]