Peter's Blog

Not Everybody in the Mainstream Is Bullish on the Dollar; Some Analysts Like Gold

The price of gold hit six-month lows in recent days, primarily driven down by a surging dollar. Peter Schiff has been saying investors shouldn’t get too caught up in greenback hoopla. This is likely an upside correction in a dollar bear market. As it turns out, Peter is not alone in this assessment. At least […]

Bitcoin’s Tumble

Remember when Bitcoin was knocking on $20,000? Today it’s it’s in a freefall, trading in the $6,000 range. Crypto markets tumbled again last week after Japan’s financial regulator ordered several cryptocurrency exchanges to beef up anti-money laundering practices. The move prompted the country’s largest crypto exchange to suspend creation of new accounts. Bitcoin fell nearly 9%.

Some European Banks May Be Using Lehman Brothers-Style Trick to Hide Debt

Last week, we reported on the mess in the European banking system, asking the question: could big European banks drag down the world economy? Big banks in Europe have piled up debt just like the rest of the world. But an article in Bloomberg reveals big banks in countries like Germany, Switzerland and France may […]

Peter Schiff: Stagflation Is Coming

The Dow Jones was up Friday, avoiding it ninth consecutive down day. As Peter Schiff noted on his most recent podcast, such a long stretch of declines is pretty rare. Eight straight down days has only happened  43 times since the Dow launched in 1896. The last time we had nine straight days of Dow […]

Troubling Signs in the Corporate Bond Market

We’ve written a lot about government debt and warning signs in the Treasuries market. The US government needs to sell over a trillion dollars in bonds a year over the next few years to finance its skyrocketing deficit. Who exactly will buy all of these government bonds remains unclear and the impact on interest rates could […]

Greenbacks and Gold: SchiffGold Friday Gold Wrap 06.22.18

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: The Kooky World of Internet Scams

If you check your spam folder right now, I can almost guarantee that you will find that somebody has sent you a scam email. They promise you cash, business opportunities and sometimes they even promise you riches in silver and gold! I just checked my spam folder. Here’s what I got.

Gold in Tech: Sensors Using Gold Wire Could Open the Door to Real-Time Health Diagnosis

A new tech development using gold could help doctors diagnose and manage health issues in real-time. Scientists at Australian National University developed the tiny, wearable optical sensors. The device is 50 times thinner than a human hair. Researchers told Printed Electronics World that the sensors combine very small gold nanostructures with semiconductors.  Scientists say the […]

Peter Schiff: Everybody Who Is Betting the Trade War Is Bullish for the Dollar is Wrong

It looks like we’re heading toward a full-blown trade war. As the war continues to escalate. Pres. Trump has levied more tariffs on Chinese imports in retaliation for China’s retaliation after the US announced its first round of tariffs. A lot of people seem to think this is bullish for the dollar. In fact, the greenback […]

Russia Dumping US Treasuries, Buying Gold

The Russians are dumping US Treasuries and buying gold. As we reported earlier this week, the three largest holders of US Treasuries are not in a buying mood. In fact, they’re selling. The Japanese disposed of $12.3 billion in US debt. Meanwhile, Chinese Treasury holdings fell by $5.8 billion. The Federal Reserve has shed about $70 billion in […]