Peter's Blog

Russia Buys Even More Gold in July in Its Quest to Limit Dependence on the Dollar

Russia has added to its gold reserves every month since March 2015. That trend didn’t end in July. In fact, the Russians ramped up their gold purchases even more last month in the face of US economic sanctions. The Russian central bank added 26.1 tons of gold to its hoard in July, according to International […]

Peter Schiff: Making the Dollar Weak Again

Through the last several presidential administrations, the US has maintained a “strong dollar” policy. As Peter Schiff pointed out in his most recent podcast, it wasn’t so much that you could pinpoint the specific tenets of the policy. It was more about the rhetoric that came out of Washington D.C. Everybody talked about the strong dollar […]

Paul Krugman Proclaims “Gold Is Dead!” Says Even Bitcoin Has More Utility

Paul Krugman said gold is dead. In fact, “Bitcoin has more utility than gold,” according to the popular lefty economist. Krugman made the comments at ChainXChange, a blockchain artificial intelligence and innovation conference in Las Vegas.

Is Gold the Victim of too Much Bad News?

There is plenty of bad news out there. We have a trade war. Geopolitical tensions between the US and Iran and the US and Russia are high. Turkey is in the midst of a currency crisis that some fear will spread beyond that country’s borders. So, why aren’t people seeking safe haven and buying gold […]

Basic Economics: $5 Coke Cans and Minimum Wage Laws

One of the biggest enduring economic myths is the notion that the minimum wage laws only help workers and have no real negative effects. The fallacy inherent in this line of thinking becomes immediately clear if we simply propose a $1,000 per hour minimum wage. After all, if $15 is good, $1,000 would be fantastic, […]

Partying Like It’s 2007: SchiffGold Friday Gold Wrap 08.17.18

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: Kid Scams Scammer

Not too long ago, I got a call from some guy that claimed he was from the IRS. You’ve probably gotten one of these calls yourself. You pick up the phone and a guy with a thick Indian accent tells you that you are being investigated for tax fraud. Sometimes they try to scare you […]

Beware of the Bear

The bulls are running down Wall Street, but are bears lurking just around the corner? The mainstream doesn’t think so, but Peter Schiff does. The Dow Jones climbed nearly 400 points Thursday after the Chinese announced a willingness to resume trade talks with the United States. No agenda was set, but the mere prospect of […]

Peter Schiff: Out of the Frying Pan and into the Fire

Turkey has been in the headlines over the last few weeks as a currency crisis has rocked that country. But as Peter Schiff pointed out in his most recent podcast, all of the things commentators are frying Turkey over are happening in the US as well. All of the criticism that is being leveled against […]

Befuddled By Bubbles: The Greenspan Bernanke Era at the Fed

We have declared 2017 as the “Year of the Bubbles.” We’ve reported on the stock market bubble. We’ve reported on the student loan bubble. We’ve reported on the auto bubble. We even told you about a shoe bubble. And then there is the mother of all bubbles – the debt bubble. All of these bubbles are still floating […]