Peter's Blog

Peter Schiff: Jerome Powell Engaging in “Open-Mouth” Operations

The Federal Reserve followed its script yesterday and raised interest rates another 25 basis points. But the central bankers did surprise some people by hinting at just two more hikes this year. Analysts have been fixated on the possibility of four 2018 rate increases. The Fed’s slightly more dovish tone on rate hikes sent gold […]

New Wyoming Legal Tender Law Recognizes Gold and Silver as Money

Gold and silver are money. But most governments treat precious metals like a commodity. They don’t accept it as payment. Worse than that, they tax it. Think about the absurdity of this policy. You don’t tax money! Fortunately, we’re beginning to see a shift. Many states are repealing taxes on gold and silver, and treating […]

Rising Financial Stress for Consumers Could Spark Gold Rally

Expectations that the Fed will continue and perhaps even quicken the pace of interest rates hikes have created headwinds for gold. But there another side to the rising interest rate phenomenon that a lot of people in the mainstream seem to be missing. According to a recent Bloomberg report, the prospect of a higher interest […]

Could the Fed Go Dovish?

The Federal Reserve opens its March Open Market Committee meeting today. Most analysts say there is a 100% chance for a rate hike during this go-round. Overall, there is a decidedly hawkish attitude when it comes to the Fed. The real debate right now revolves around whether the central bank will hike three or four times […]

Storm Clouds Brewing: It’s Like Deja Vu All Over Again

Everything is great. We’re riding high. The stock market is up. Employment is up. Analysts and pundits see nothing but smooth sailing ahead. It sounds an awful lot like 2007. It’s like deja vu all over again.

The Fed Is Limited in How Much It Can Tighten: Here’s Why

The Federal Reserve claims to be tightening. According to the conventional wisdom, the Fed will raise interest rates at least three times in 2018 – maybe even four. And last fall, the central bank announced its plan to begin shrinking its balance sheet. But have you actually looked at the Fed’s balance sheet? Dan Kurz […]

The Retail Apocalypse Cometh

Could we be on the verge of a retail apocalypse? February marked the third straight month of declining retail sales. Analysts had not expected another drop, but they got one nonetheless. Sales fell 0.1% in February. Analysts had expected an uptick of 0.3%. This is not good news for a retail sector that is already teetering on […]

Nope! Everything Is Not Great: SchiffGold Friday Gold Wrap 03.16.18

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: Oops!

Pro-tip – If you ever have to load 9.3 tons of gold, silver and platinum in an airplane, make sure you secure the load. I mean, tie it down good. You know, throw a few bungee chords over it. Or maybe a strap or two. Something. At least some rope. Because here’s a dirty little secret. Things […]

Buy King Dollar? Do You Really Want to Take Investment Advice From This Guy?

President Trump’s new economic adviser did an interview on CNBC’s Closing Bell Wednesday and offered a little investment advice. I would buy King Dollar and I would sell gold.” So, should you follow Larry Kudlow’s guidance? Of course, that’s up to you. But Kudlow doesn’t have the best track record when it comes to predicting […]