Peter's Blog

US Government Adds $481B in Debt in 3 months

Current Trends The government hit the debt ceiling back in January which blocked any net new debt from being created from January to June. Once the debt ceiling was lifted, the government wasted no time in catching up for all the months where borrowing was frozen. Over the last 7 months, the government borrowed an […]

Dow Hits 50,000 While the Dollar Collapses – Gold vs Bitcoin Explained

The Dow Jones just closed above 50,000 for the first time ever – but is that really something to celebrate? In this live Friday Gold Wrap, Peter Schiff explains why the Dow’s milestone is meaningless when measured in real terms. Priced in gold, the Dow has lost roughly 75% of its value since 1999. Inflation, […]

Schiff w/ Diesen: Gold Is Headed Much Higher  

On his latest appearance with Glenn Diesen, Peter lays out a sober case for why investors should consider gold as a primary hedge against a coming dollar and sovereign debt crisis. He walks through what he sees as the consequences of prolonged credit expansion, a bloated housing market, misdirected trade and military policies, and the […]

Schiff on The Competent Investor: Even Greenspan Agrees with Me

Earlier this week, Peter appeared on The Competent Investor podcast with host Tom Bodrovics. They focus on last week’s metal sell-off, and Peter explains why investors still misunderstand precious metals and the miners that produce them. Throughout, he argues that sound money remains the sane hedge in a world of inflationary policy and fragile crypto […]

The Gold Dip: Macro vs Shorts and Retail

The bull market in gold is being driven by many forces, and it isn’t just speculative fervor that caused the latest drop. Macro factors like monetary expansion, interest rates that are still far too low, broad global uncertainty, and de-dollarization are going to push gold higher. In the meantime, corrections will occur, but this isn’t […]

The Panic of 1857 Through an Austrian Lens

Pre-Fed recessions, like the Panic of 1857, are often invoked to counter the Austrian School’s theory of the business cycle, which stipulates that monetary expansion causes recessions. On the surface, the Panic of 1857 seems like a strong counterexample, but the full details of its origins– and resolution– vindicate the Austrians yet again. The following […]

Peter Schiff: More Tariffs Mean Less Affordability

In his Wednesday podcast, Peter walks listeners through the frantic moves in precious metals, the unraveling Bitcoin narrative, and recent weak jobs data. He argues the gold and silver sell-off was a technical flush rather than a change in fundamentals, warns that Bitcoin’s long-promised outperformance has failed, and calls out tariffs and government spin for […]

Schiff vs. Ammous: Tokenized Gold Trumps Bitcoin

Peter recently debated longtime Bitcoin proponent Saifedean Ammous to turn the usual Bitcoin-vs.-gold argument on its head. Rather than rehashing the old debate, he focuses on tokenized gold—specifically Tether Gold— and explains why a claim on real metal is a far better monetary proposition than a claim on nothing. He argues tokenized gold brings convenience […]

This Isn’t De-Dollarization. It’s De-Fiatization

The dollar is in free fall as gold and silver continue climbing to new records. As the global economy loses confidence in its main reserve asset, it’s simultaneously losing confidence in fiat currencies and the central banks that manage them. The following article was originally published by the Mises Institute. The opinions expressed do not […]

Schiff w/ Sanchez: Blockchain is a Digital Ponzi Scheme

Earlier this week, Peter appeared on the Sanchez Effect for an interview with Rick Sanchez. Together they sift through the international fallout from America’s fiscal and monetary choices and explains why other countries are actively trying to reduce their exposure to the dollar. Peter connects that trend to production, trade balances, the enormous off-balance-sheet liabilities […]