Peter's Blog

Fun on Friday: My Trip from Joy to Rage

I never imagined I would get this much joy from going to the gym. Or that joy could so quickly turn to rage.

Tale of Two Cities: SchiffGold Friday Gold Wrap May 1

US stock markets just had their best month since 1987. Meanwhile, the economic data is as bad as it’s ever been. It’s almost like a tale of two cities. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into some of the data and explains why the damage to the economy […]

What Is the NFL Telling Us About the Economy?

What is the NFL telling us about the economy? The conventional wisdom seems to be that the economy will quickly recover once governments open things up again. But recent moves by the National Football League indicate its leadership isn’t so confident.

Gold Demand Up in Q1; Supply Plunges

Global gold demand was up 1% in the first quarter of the year as extraordinarily strong investment demand offset weakness in consumer markets even as supply dropped. Overall, gold demand came in at 1,083 tons in Q1, according to data in the World Gold Council Gold Demand Trends Q1 2020 Report. In value terms, global […]

They’re All High on Fed Fairy Dust

Everybody realizes the US economy is in a bad spot. But most people still seem to believe it will bounce right back once we deal with the coronavirus. They’re all high on Federal Reserve fairy dust.

Renewed Calls to Dethrone the Dollar

Last year, we reported extensively on a push toward de-dollarization by countries like Russia and China and their desire to undermine the ability of the US to weaponize the dollar as a foreign policy tool. Europe was even starting to push to dethrone the dollar as the reserve currency. With the Federal Reserve running the […]

Data Spotlights an Economic House of Horrors

We’re starting to get data revealing just how bad the coronavirus government shutdowns have impacted the economy. One commentator called it a “house of horrors.” But markets have barely shrugged.  There doesn’t seem to be much concern. Peter Schiff said there’s a pass now on economic data.

Gold Is Set to Crash? No Way!

The mainstream is a fickle place. On the one hand, we had Bank of America raising its 18-month price projection for gold to $3,000. On the other hand, some people argue the price of gold could crash later in the year.

A Did Not Cause B

A = coronavirus. B = economic meltdown. A caused B. That’s the mainstream narrative when it comes to the economic pain we’re feeling right now. But in reality, A did not cause B. B was in the works long before A came along.

Big Government Crippled the Economy

It seems like everybody is getting a bailout right now. The government is handing out money it doesn’t have left and right. This is all justified because of coronavirus. Even conservatives who normally oppose government bailouts have jumped on the stimulus train. “This is a crisis!” they cry. The government has to step in. But […]