Peter's Blog

Global Gold Production Plateaued in 2017; Chinese Production Hit Record Low

Gold supply plateaued last year. Global mine output rose just a paltry 5.7 tons in 2017, according to data compiled by the World Gold Council. That represented the smallest increase since 2008.

Deficits Don’t Matter? Fake News! SchiffGold Friday Gold Wrap Podcast 02.09.18

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: That’s a Bad Plan, Dude

There are certain things I see and I automatically think, “That’s a bad plan, dude.”

Government Spending Going Up; Interest Rates Going Up; Stock Market Going Down

The bears were running on Wall Street again Thursday, as the Dow Jones suffered another steep tumble. After a record drop of  1,175 points Tuesday and a rebound Wednesday, the Dow shed another 1,333 points. The Dow Jones dropped 6.5% in four days. That’s the steepest decline in any week since October 2008. The S&P 500 […]

North America Led the Way as Gold Continued Flowing into ETFs Last Month

In 2017, nearly 200 tons of gold flowed into gold-backed ETFs. That positive trend continued in January, according to a report released today by the World Gold Council. Gold-backed ETFs added 27.6 tons last month, growing assets by 5%. Global gold-backed ETFs collectively held 2,396 tons of the yellow metal at the end of January with […]

Political Rhetoric vs. Economic Reality

Just over a week ago, President Trump delivered the State of the Union speech. The president gave a speech with a decidedly optimistic tone. This was certainly welcome with the increasingly fractured and divided American political landscape. But it’s important to focus beyond the political theater and take a hard look at where the US economy […]

Peter Schiff: Republicans Offer Free Lunch Then Stick Us With the Bill (Video)

It was interesting watching people on the left side of the political spectrum become practically giddy as the stock market tanked on Monday. It seems they couldn’t wait to pin the collapse on Donald Trump. Of course, the president has set himself up to take the fall by constantly taking credit for this bubble economy. […]

“He Who Has the Gold Makes the Rules” and Russia Is Getting the Gold

Remember the golden rule: He who has the gold makes the rules.” And the Russians have the gold. Or at least they are in the process of getting it.

Fake Financial News Clueless About Why Stock Market Tanked

It turns out Friday’s 666-point Dow Jones plunge was just a prelude. On Monday, the Dow 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% decline. According to Reuters, declines for the benchmark S&P 500 index and the Dow Jones Industrial Average were […]

When the Going Gets Tough, Germans Buy Gold; And Germans Are Buying Gold

As the Brisbane Times puts it, “When the going gets tough, Germans Buy Aussie Gold.” And they are doing it now. Last fall we reported on Germany’s budding love affair with gold. It appears this is more than just a one-night fling.