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The dollar has shown some resilience this week. The dollar index clawed back after hitting multi-year lows last week. Meanwhile, gold saw its worst single-day decline in more than a year on Tuesday. One thing that hasn’t changed is the upward pressure on bond yields. In his most recent podcast, Peter Schiff said he thinks this […]
The mainstream investment world is starting to worry about the federal debt. CNBC put it this way: Goldman Sachs sees a tidal wave of red ink — and it may drag the US economy into its undertow.” Goldman recently released a note to clients saying virtually the same thing Peter Schiff has been saying for […]
Stock markets have settled down after an awful couple of weeks earlier this month. On Feb. 5, the Dow Jones suffered its largest-ever drop in terms of points. It was down 1,600 at one point and ultimately lost 1,175.21 points, a 4.6% drop that day. At one point during that week, the Dow was off […]
We knew it was only a matter of time. Uncle Sam has suddenly become very interested in Bitcoin. Over the last several months, we’ve reported on various countries announcing plans to regulate cryptocurrencies. Now Congress is looking to get into the act.
Inflation came in hotter than expected at 2.1%. A CNBC report said the number “pushes the economy toward a potential danger zone for inflation.” Analysts had expected January inflation to come in at 0.3, after being up by 0.1 the previous month. Instead, the December number was revised up to 0.2 and January came in at 0.5. […]
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.
So, here’s a little nugget I dug out of the deep, dark depths of the internet this week. A truck driving along a major highway in South Africa lost its load. This caused a major frenzy, not to mention a horrendous Los Angeles-style traffic jam. And what did this truck dump that resulted in such […]
The US dollar dropped to its lowest level in three years Friday. Extending losses on Thursday, the dollar index against a basket of six currencies dropped to 88.253. This marks its lowest level since December 2014. A Reuters report noted that “Traders’ confidence in the dollar has also been eroded by mounting worries over the United […]
Inflation is back. So what does this mean for gold? The consumer price index came in hotter than expected at 2.1%. A CNBC report said the number “pushes the economy toward a potential danger zone for inflation.”
Could the house of credit cards Americans have built be on the verge of collapse? Earlier this week, the New York Fed released the latest data on US household debt, revealing it has grown to a record $13 trillion. Americans have been spending, but they’ve been putting a lot of it on plastic. Credit card balances […]
