Peter's Blog

After a Decade of Monetary Stimulus, Germany on Cusp of Recession

Germany appears to be on the cusp of a technical recession. Production in Germany fell by 1.9% in November. Analysts had expected a 0.3% gain. The German statistical agency Destatis also revised October to a 0.8% decline. It was the third straight month of declines. As WolfStreet put it, “This is embarrassing in the land […]

Peter Schiff: This Is the Beginning of a Much Bigger Crisis (Video)

Wall Street has been on a roller coaster ride over the last few months. If you listen to the pundits on the financial networks, you’ll hear the word “volatile” used over and over again. That word certainly seems to describe the current state of US stock markets and in a broader sense the economy. But […]

Gold Outperformed S&P 500 in 2018

2018 ended up as the worst year for US stocks in a decade. And last month ranked as the worst December on Wall Street since 1938. But if you owned gold, things weren’t quite as painful for you as they were for investors without any of the yellow metal. While stocks sagged, gold rallied. In […]

Peter Schiff: Jerome Powell Goes Uber-Dove, A Beautiful Environment for Gold

Last week, we saw more huge swings in US stock markets. On Thursday, stocks fell sharply, but they recaptured all the losses on Friday in the wake optimism about trade talks between the US and China,  of a strong December jobs report, and “dovish” comments by Federal Reserve Chair Jerome Powell. Peter Schiff hit on all […]

Russia Continues to Add Gold to Its Reserves; Seeks to Minimize Dollar Exposure

Russia added another 36.6 tons of gold to its reserves in November, according to the latest data released by the World Gold Council. This follows on the heels of a 29.9-ton increase to its hoard in October and a 37.8-ton increase in September.

Fun on Friday: How to Win the New Year’s Resolution Game

You know how to win the New Year’s resolutions game? Don’t make any. It’s as simple as that. As the saying goes, don’t make promises you can’t keep. Don’t write checks your willpower can’t cash. Don’t overplay your hand. This strategy has certainly worked for me.

Gold Wins 2018 and Fatal Conceit: Friday Gold Wrap 1.4.19

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.

Silver News: Industrial Demand Remains Strong and Technological Innovations

Industrial demand for silver remains strong, particularly in electronic and electrical applications. The Silver Institute highlighted the growing use of silver in electronics along with a number of technological innovations utilizing the white metal in the latest edition of Silver News.

Global Debt at Record Levels

What happens when central banks push interest rates to zero – in some cases below zero – and hold them there for nearly a decade? You get debt. Lots and lots of debt. Record levels of debt, in fact.

Peter Schiff: The Bubble Has Popped; The Economy Is Next (Video)

After the worst Christmas Eve in the history of the stock market, the Santa Clause rally came late. Markets bounced back in the short trading week after Christmas. The Dow started with a 1,000-plus point gain, then dropped nearly 600 points the next day, before rallying late to close in the green. The rally had […]