Peter's Blog

Iranians Turning to Gold as a Currency Crisis Grips the Nation

With hyperinflation gripping Iran and sanctions strangling the economy, Iranians are beginning to turn to gold to make everyday transactions, most notably to pay their rent. The Iranian rial has depreciated rapidly since the US announced its withdrawal from the 2015 nuclear deal and the reimposition of economic sanctions. After the US formally announced it […]

Peter Schiff: A US Stock Market Crash Is Long Overdue But People Are Oblivious

The Nasdaq had the biggest gain last month since the year 2000. In his most recent podcast, Peter Schiff reminds us what happened right after that 2000 peak. The Nasdaq – it declined approximately 80% from peak to trough. So, the fact that we haven’t had a month this strong since 2000 should give people […]

India Central Bank Buys Gold for the First Time in Nearly a Decade

The Reserve Bank of India (RBI) bought gold for the first time in nearly a decade during its last fiscal year. The Indian central bank added 8.46 tons of gold during the fiscal year ending June 30, according to its latest annual report. The additional yellow metal brings India’s total gold reserves to 566.23 tons. The last […]

Trade Wars! SchiffGold Friday Gold Wrap 08.31.18

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.

Fun on Friday: Gold Turns Hairdryer into Luxury Item

How do you turn a mundane $20 bathroom appliance into a luxury item that will set you back $500? Put some gold on it. That’s exactly what Dyson has done. No joke. The iconic (meaning overpriced) vacuum cleaner company has developed a hairdryer gilded with 23.75-karat gold leaf.

Russian Lawmaker Calls for Creation of Gold-Backed Cryptocurrency to Circumvent Sanctions

A Russian lawmaker has suggested his country should develop a gold-backed cryptocurrency for payment of arms exports and other goods as a way to circumvent Western sanctions and limit his country’s dependence on the dollar-based global banking system. Vladimir Gutenev serves as first deputy head of the economic policy committee at the State Duma – […]

Peter Schiff: Traders Are Beginning to See the Writing on the Wall

The US stock markets had another big day Wednesday with a number of the indexes, including the Nasdaq and the S&P 500, in record territory. So, what’s with the recent move up in US stock markets? Donald Trump and a lot of Republicans have been taking credit for it, saying their economic policies are causing […]

Jim Rogers Says We’re Heading Toward the Worst Bear Market in His Lifetime (Video)

Investment and commodities guru Jim Rogers says we’re heading toward the worst bear market in his lifetime. Rogers recently spoke a the MoneyShow in San Francisco. He said the first thing we need to understand is that in the wake of the 2008 financial crisis, the Federal Reserve “came to the rescue” and drove interest rates […]

It’s Your Dime Interview with Mises Institute President Jeff Deist

SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics. In this episode, I talk with Mises Institute president Jeff Deist about Austrian economics, the Fed, Trumpanomics. the biggest threats to our freedom, and of course, gold.

Focus on Fundamentals: Gold Demand Continues to Surge in India

Indians are buying gold. Imports of the yellow metal into India jumped for the first time in seven months in July and the trend appears to be carrying forward into August, according to a report in the Times of India. Gold sales have surged 15% by volume over last year as Indians took advantage of […]