Peter's Blog

Fun on Friday: Don’t Send Your Scam Mail to This Guy

I have some advice for you wanna-be scammers out there. Check your mailing list. A scammer in British Columbia sent his pitch to a cop – a member of the Delta police economic and technical crime unit to be exact.

The New Normal: SchiffGold Friday Gold Wrap May 8, 2020

People keep talking about the “new normal” we’ll all have to adjust to as we recover from the coronavirus pandemic. So, what does that mean for the economy? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks ahead at the new normal, the prospects of an economic recovery and speculates that […]

National Debt Climbs Above $25 Trillion

Twenty-eight days. That’s how long it took to add another $1 trillion to the national debt.

Peter Schiff: The Fed Can Never Take the Easy Money Drug Away

The Federal Reserve is creating a massive amount of money out of thin air and injecting it into the economy. Pretty much everybody believes this is the only choice given the economic emergency we face. But we’re told once the emergency is over, the Fed will take the excesses away. In his podcast, Peter Schiff […]

Central Banks Added 46 Tons of Gold to Reserves in March

Central banks globally added another net 46.1 tons of gold to their reserves in March with the usual suspects making big purchases, according to the latest data released by the World Gold Council. The pace of central bank purchases seems to be increasing, although a few banks are doing the bulk of the buying. Globally, […]

What Happens When the Bond Bubble Pops?

Celsius Network, founder and CEO Alex Mashinsky calls the bond market, “the biggest bubble that hasn’t burst yet.” And when the massive bond bubble pops, that’s when the real earthquake begins. The US Treasury Department is pumping out bonds like there’s no tomorrow. It announced this week that it plans to borrow $2.99 trillion in […]

Silver Investment Demand Up and Other Silver News

Global silver demand nudged higher in 2019 thanks to a 12% increase in investment demand as retail and institutional investors focused their attention on the long-term investment appeal of the white metal according to a report highlighted in the latest edition of the Silver Institute’s Silver News.

Enjoy Your Future; We’re Spending It Now

Welcome to your future. Your government is spending it right now. And your children’s and grandchildren’s future to boot. The US Treasury plans to borrow $2.99 trillion in the second quarter. The Treasury also plans to borrow another $677 billion in the July-September quarter, bringing the total fiscal 2020 debt to $4.48 trillion. It’s a level […]

Silver Hasn’t Been This Cheap in 5,000 Years

We have financial records dating back some 5,000 years and in all that time, silver has never been this cheap compared to gold. Kanesh was an important trading hub in the Assyrian empire. The city was located in the middle of what is now Turkey, at the midpoint of the route between the Mediterranean and […]

Peter Schiff: A Very Dangerous Road to Go Down

As if there weren’t enough headwinds for the economy already, the Washington Post reported the Trump administration was exploring the possibility of canceling some US debt obligations to China.  President Trump denied it but floated the idea of tariffs on Chinese imports as punishments for that country’s handling of the coronavirus. Peter Schiff appeared on […]