Peter's Blog

Patience Grasshopper! SchiffGold Friday Gold Wrap 03.01.19

Jerome Powell went to Capitol Hill this week and continued to preach patience. In other words, the Powell Pause is still firmly in play. In fact, the Fed chair confirmed that balance sheet reduction is a done deal. But why this sudden patience? In this episode of the Friday Gold Wrap podcast, Mike Maharrey talks […]

Powell Put Confirmed: Balance Sheet Reduction Will End This Year

After weeks of hinting, Federal Reserve Chairman Jerome Powell confirmed that the central bank will end its balance sheet reduction program this year. This just five months after insisting quantitative tightening was on “autopilot.” “We’ve worked out, I think, the framework of a plan that we hope to be able to announce soon that will […]

Student Loan Bubble Just Keeps Getting Bigger

Based on the latest data, the student debt crisis in America isn’t about to end any time soon. US household debt climbed to a record $13.54 trillion in the fourth quarter of 2018. Student loan debt makes up a sizeable chunk of that total. In fact, student loan debt now ranks as the second-largest consumer […]

Peter Schiff: Chinese Trade Deal Isn’t Going to Make America Great Again (Video)

The US and China are reportedly getting closer to working out a trade deal. The Chinese have indicated they will import more US natural gas, semiconductors and soybeans. Peter Schiff recently appeared on RT to talk about it.  He said that no matter what ultimately comes out of these trade negotiations, it’s not going to […]

Russia Considering Gold Tax Repeal That Could Significantly Boost Demand

Russia is considering eliminating its value-added tax (VAT) on gold purchases. According to a Russian paper, this could increase gold demand in the country by 50 to 100 tons per year. Russia currently charges a 20% tax on all gold bar purchases, and investors do not get the tax back when they sell their gold. 

Wholesale Inventories Post Biggest Gain in 5 Years: Another Sign of Slowing Economy

Even as the Federal Reserve and the financial news network pundits continue to dangle the prospect of a booming economy in front of us, we’re seeing more and more bad news that undermines this narrative and reveals the rotting foundation of the US economy. The wholesale inventory report that came out yesterday is the latest […]

US Mint Suspends Silver Eagle Sales Due to High Demand

Investors are gobbling up American Silver Eagle coins. Sales were so brisk last week that the US Mint temporarily suspended orders when its inventory ran out. February sales this year have already doubled 2018 levels. As of Feb. 26. the mint had sold 2,157,500 Silver Eagles this month. That compares with 942,500 coins in February […]

Silver Shines! It’s Your Dime Interview With the Silver Institute’s Michael DiRienzo

Silver often gets lost in gold’s shadow, but it’s important in its own right – both as an industrial and a monetary metal. In this episode of It’s Your Dime, Mike Maharrey talks all things silver with Silver Institute Executive Director Michael DiRienzo.

Peter Schiff: The Fed Is Trying to Get the Market A Little Bit Pregnant When It Comes to Inflation

There was a lot of Fed-talk on Friday and the big theme was inflation. For quite a while, Peter has been asking an important question: what is the Federal Reserve going to do when the inflation level gets above 2%? Well, it looks like its setting the stage. 

Fun on Friday: That Moment the “Good Guys” Turn Into the “Bad Guys”

Everybody wants gold. Some people want it so bad that they’re willing to break the law to get it. That’s why we have police. They stop the bad guys. At least that’s how it’s supposed to work. But don’t miss what I said. Everybody wants gold. Police officers fall into the category of “everybody.” So, […]