Peter's Blog

Modern Monetary Policy Has Gutted Working Class Incomes

The following article was written by Peter Schmidt. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.  When currency was backed by gold, a central bank’s main function was to maintain the value of the issued currency in terms of gold.  For example, if a central bank created […]

Focus on Fundamentals: Revival in the Chinese Jewelry Market

The Chinese gold jewelry market reversed three years of declines in 2017, marking its first gain since a 2013 boom. According to a report released by the World Gold Council, the modest increase in gold jewelry demand last year could mark a return to sustained growth thanks to continued efforts to reinvigorate the industry through innovation, […]

Your Incredibly Shrinking Dollar

Over the last 12 months, the purchasing power of your dollar has dropped at the fastest rate since 2011. According to the latest data released by the Bureau of Labor and Statistics, the Consumer Price Index (CPI) jumped by 2.8% year-over-year in May. That follows on the heels of a 2.5% leap year-over-year in April. In […]

Mongolia Wants More Gold

Mongolia wants more gold. Last week, the Bank of Mongolia launched a campaign dubbed the “National Gold to the Fund of Treasuries.” The goal of the five-month campaign is to encourage miners and individuals to sell gold to the central bank, along with commercial banks, in order to increase their gold reserves.

Fundamentals Point To Healthy Growing Gold Market (Video)

World Gold Council chief market strategist John Reade recently talked to Commodity TV about the current state of the gold market and what he sees in the future. Reade cast an optimistic tone, saying the supply and demand fundamentals point toward a healthy, growing gold market moving forward.

Peter Schiff Explains Why Sagging Productivity Is Bad News for Your Pocketbook

US productivity numbers for the first quarter of this year were disappointing, to say the least. Analysts expected Q1 productivity to rise by point 0.7%. Instead, it came in at nearly half that, rising by 0.4%. This was only a slight improvement over the 0.3% increase in the final quarter of 2017. There wasn’t a […]

Texas Bullion Depository Open for Business; Sets the Stage to Challenge Federal Government’s Monopoly on Money

The Texas Bullion Depository officially opened for business this week. The creation of the facility represents a power-shift away from the federal government and sets the foundation to undermine the Federal Reserve’s monopoly on money. Countries that stockpile gold create a foundation of stability for their monetary systems. This is precisely why China, Russia, Turkey and […]

Fun on Friday: The Story Doesn’t Ring True, But The Scam Worked

This week, I want to talk about scams.

The Federal Government’s Fiscal Train Wreck: SchiffGold Friday Gold Wrap 06.08.18

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.

The Fed’s Mission Impossible (Interview)

Mises Institute president Jeff Deist recently interviewed Danielle Booth, a veteran of the Dallas Fed and author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America, to discuss whether—or if—the Fed can ever return to “normal” monetary policy.