Peter's Blog

Kyrgyzstan Is Buying Gold to Shield Itself from the Trade War

What do you do if one of your biggest trading partners is embroiled in a trade war and the other faces economic sanctions? Buy gold. That’s exactly what Kyrgyzstan’s central bank is doing. 

Could Big European Banks Drag the World Economy Down?

Humans are by nature somewhat myopic. We tend to focus primarily on what is right in front of us and filter out things further removed. As a result, we can sometimes overlook important factors. As Americans, we generally devote most of our attention on American policy. We follow political maneuverings in Washington D.C., study the […]

Focus on Fundamentals: Rain Could Make Gold Demand Grow

Analysts say demand for gold in India will likely rise in the second half of the year thanks to a good monsoon season. Increasing demand for gold in the world’s second-largest market could help boost overall global demand for the yellow metal. According to NDTV, monsoon rains hit Kerela at the end of May. This was […]

Who Is Buying US Treasuries?

The Japanese and Chinese aren’t buying US Treasuries. In fact, both countries reduced their holdings in April. According to the US Treasury Department, the Japanese disposed of $12.3 billion in US debt. Meanwhile, Chinese Treasury holdings fell by $5.8 billion. This could be a troubling development for the US government as it scrambles to fund its […]

Peter Schiff: A Huge Wave of Inflation Is Going to Engulf the Planet

At this point, the European Central Bank isn’t nearly as keen on raising interest rates as the Federal Reserve. The ECB announced Thursday it would likely hold its interest rate steady at zero through the summer of 2019. “We decided to keep the key ECB interest rates unchanged and we expect them to remain at […]

Fed Chair Jerome Powell Is Playing with Fire

Jerome Powell is like a kid playing with matches and he’s dangerously close to starting a fire he isn’t going to be able to control. The Federal Reserve nudged interest rates up again last week. It was the seventh hike since the Fed launched the current tightening cycle in December 2015. The Fed Funds Rate […]

A Boogeyman Lurking in the Shadows Of The Economy: SchiffGold Friday Gold Wrap 06.15.18

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 Great Trophy Debate – Stanley Cup v. FIFA

The World Cup kicked off this week. The international soccer tournament is the most-watched sporting event in the world. Over the next several weeks, teams from 32 countries will compete for the coveted FIFA World Cup Trophy. Speaking of trophies, have you seen any of the footage of Alexander Ovechkin and his Washington Capital teammates […]

“Sizzling” Retail Sales Numbers Inflated by Eroding Dollar

If you saw the headlines about the latest retail sales figures, you probably noticed adjectives like “hot,” “booming” and “sizzling.” Total retail sales including food services were up 5.9% year-on-year in May. That’s an impressive number until you factor in inflation. In fact, a decline in the dollar’s purchasing power accounted for nearly half the […]

Peter Schiff: The Fed Is Pushing Us Toward a No-Growth, High-Inflation Economy

As expected, the Federal Reserve nudged rates up another .25 basis points on Wednesday. Perhaps more significantly, the Fed took a more hawkish tone than expected, signaling it would likely increase rates two more times this year for a total of four hikes. The central bank had been projecting three 2018 rate increases. A buildup […]