Peter's Blog

Fun on Friday: The Gold Went Down Easier Than It Came Out

Last Friday, I told you where you can get coffee with real gold mixed into it. It’s part of this trend of edible gold. People are mixing gold into all kinds of foods  — even beer and chicken wings. Like I said last week, I think people like to eat gold because it seems indulgent and […]

Andrew Cuomo on Halloween – Far More Terrifying Than Michael Myers

Peter Schmidt recently wrote two article highlighting the fatal conceit of PhD central planners who populate the world’s central banks. You can read those articles here and here. But central banking is not the only place you find people suffering from fatal conceit and the delusional notion that they are smart enough to micromanage the economy. […]

Peter Schiff: Divided Congress Will Produce Even Bigger Deficits

Well, the midterm elections are finally over. The Republicans managed to hold on to the U.S. Senate, but the Democrats took control of the House. The “Blue Wave” was more like a “Blue Ripple.” To me, it smells a lot like gridlock, which is generally good news if you’re a person who favors smaller government. Gridlock […]

South Africa Gold Mine Output Drops 19%

Gold production in South Africa dropped by 19% year-on-year in September, according to a report at Fin24. This continues a trend of monthly gold mine production drops. South African gold output fell by 15% in August and 15.5% in July. The country once led the world in gold production. The precipitous drop in output over […]

ETFs Add Gold for the First Time in Four Months

Gold holdings in gold-backed ETFs rose globally by 16.5 tons in October. It was the first monthly net inflow of the yellow metal into ETFs in four months. According to a report by the World Gold Council, positive gold price performance for the month (+2.3% in USD) was a key driver of inflows in North […]

Russian Alternative to SWIFT Dollar System Growing; Could Expand to Other Countries

The Russians have an alternative money transfer system up and running, and according to a report in RT, it has now surpassed SWIFT in popularity in that country. This is part of a broader effort by countries like Russia and China to limit their dependence on the US dollar and set up alternative financial channels outside of […]

Mene Jewelry: Turning Fiat Money into Real Money (Schiff Report Video)

For centuries, gold jewelry was not only something beautiful to wear, it was also a store of wealth and value. But the 14-karat gold jewelry found in your local store isn’t the best option for investment. Now there is an alternative for people who want to own beautiful jewelry that will also serve as a store […]

Silver News: Bionic Eye Breakthrough and Other Technological Innovations

A functioning bionic eye is closer to reality thanks to silver. The Silver Institute highlighted this amazing medical breakthrough along with other technological innovations utilizing the white metal in the latest edition of Silver News. 

Peter Schiff: Jobs Are Another Bubble About to Burst

October jobs numbers came out on Friday and everybody was all giddy about healthy growth. But in his most recent podcast, Peter Schiff said jobs are just another bubble about to burst.

Gold Demand in Tech and Industry Up for Eighth Straight Quarter

Demand for gold in technology and industrial sectors grew for the eighth consecutive quarter in Q3, according to the World Gold Council Global Demand Trends Q3 report. Overall, gold used in technological applications grew 1% to 85.3 tons in the third quarter. That marked the eighth consecutive quarter of year-on-year growth. Strong demand in the […]