Peter's Blog

The Fed Is Chasing Unicorns

Last November, Fed Chair Jerome Powell said interest rates were “just below the broad range of estimates of the level that would be neutral for the economy.” This was the excuse for the central bank’s monetary policy 180 and set the stage for the “Powell Pause.” Central bankers are perpetually on a quest to find […]

Debt and Taxes

Yesterday was tax day. We’d like to think the money we hand over to the IRS is paying for stuff – things like roads, education and national defense. But an increasing number of tax dollars are simply going to pay interest on the national debt. According to Committee for a Responsible Federal Budget president Maya […]

Peter Schiff: The Political Theater of the Absurd

In his most recent podcast, Peter Schiff talked about recent Congressional hearings that featured Rep. Maxine Waters scolding bankers for creating the student debt crisis, ignoring the fact that the student loan program was nationalized a decade ago. Peter described it as the political theater of the absurd.

Production Plunges for World’s Largest Silver Miner in Q1

The world’s largest primary silver producer reported a plunge in production in the first quarter of the year, continuing a global trend of declining silver output. Total silver production at Fresnillo PLC dropped by 15% in Q1. The company blamed falling mine output on lower ore grades and reduced volume of processed ore.

Fun on Friday: The Tax Man Cometh

It’s time for Fun on Friday and I have to be honest — I’m not feeling very fun. Why? Because the tax man cometh! And no matter how you slice it, taxation is not a fun subject. It’s no wonder “death” and “taxes” are often mentioned in the same breath. But April 15 is lurking […]

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 […]