Peter's Blog

Wash, Rinse, Repeat: SchiffGold Friday Gold Wrap 4.12.19

Gold has been rangebound for months, gyrating up and down around the $1,300 mark. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about this “wash, rinse, repeat” cycle we’re seeing in the precious metals markets and then pivots into a discussion of some more fundamental dynamics. Mike touches on the financial […]

Silver Demand Hit 3-Year High in 2018 as Supply Fell

Silver demand was up 4% and hit a three-year high in 2018, according to the 2019 World Silver Survey released by the Silver Institute this week. Physical demand for silver came in at over 1 billion ounces last year. Meanwhile, silver mine production fell for the third straight year, dropping 2% in 2018 to 855.7 […]

Could Platinum Serve as Money?

While investors often treat gold as a commodity, at its core, gold is money. Silver also has a long history as a monetary metal. But what about other rare metals? Could they serve as money as well? In the following guest column, SchiffGold client Antony Pouros makes the case for platinum.

Peter Schiff: Capitalism Isn’t the Problem Here

How are all of these unprofitable companies staying afloat and even making big splashes with media-hyped IPOs? Peter Schiff addressed this question, along with the supposed “failure” of capitalism in his most recent podcast.

Central Bank Gold Purchases Hit Highest Level Since 2008

Central bank gold purchases hit a level not seen since 2008 through the first two months of 2019. Central banks added 90 tons of gold in the first two months of this year according to the latest report by the World Gold Council. This compares to 56 tons through the first two months of 2018 […]

The US Government’s Net Worth Comes in at Negative $21.5 Trillion

The net worth of the US comes in at negative $21.5 trillion. This according to the Financial Report of the United States Government recently released by the Treasury Department.

China Buys More Gold as It Seeks to Minimize Exposure to the Dollar

China bought gold for the fourth straight month in March, adding another 11.2 tons of the yellow metal to its reserves, according to the latest data released by the People’s Bank of China. With the most recent purchases, the Chinese official gold reserves stand at about 1,884 tons or 60.62 million ounces. The Chinese have […]

Trump Calls for Obama-Era Monetary Stimulus

The “Powell Pause” is not enough. President Donald Trump not only wants interest rates cuts; he wants to put quantitative easing back in play. During an interview Friday, the president once again complained about the Fed’s 2018 interest rate increases, saying “they really slowed us down.” Trump wants stimulus and called on the Fed to […]

Gold Holdings in Gold-Backed ETFs Up in March

Total gold holdings in ETFs grew marginally in March, resuming an upward trend that started last fall. Total holdings of the yellow metal globally rose 3 tons, with increases seen in every region, according to the most recent data released by the World Gold Council. ETFs worldwide currently hold 2,483 tons of gold valued at […]

Fun on Friday: The Golden Dinner They Called “Art”

I’ve written about gold-covered food here in my Fun on Friday column from time to time. People cover all kinds of foods with gold  — including traditional blue-collar fare such as beer and chicken wings.  I’ve even told you where you can get coffee with real gold mixed into it. Well, this week I’m going to up my game. How about […]