Peter's Blog

Gold and Silver Demand Have Surged in the Decade Since the 2008 Financial Crisis

The conventional wisdom is that demand for gold and silver has been somewhat tepid over the last couple of years. In fact, global gold demand grew by about 4% in 2018 and was in line with the five-year average. Much of that growth was due to a surged in demand through the fourth quarter as […]

The Fight for $15: Good Politics, Bad Economics

Raising the minimum wage might be good politics, but it’s bad economics – despite what some economists say. Last week, the Maryland legislature overrode the governor’s veto and adopted a $15 per hour minimum wage. It was a major victory for the “Fight for $15” crowd, but it almost certainly won’t be for low-skilled workers […]

Peter Schiff: A Gift From the Federal Reserve

The Dow Jones closed out Q1 2019 with its best quarterly gain since 1998, rising 10.3% through the first three months of the year. And the Dow Jones wasn’t alone in its bang-up first quarter. The S&P 500 rose 12.3%. The Russell 2000 was up 13.8%. And the Nasdaq led the entire pack with a 15.6% […]

Negative Yielding Government Debt Surges to Over $10 Trillion

Last week we reported that the yield curve on US Treasurys had inverted after the yield on the 10-year fell below the yield on 3-year bonds for the first time since 2007 – the cusp of the Great Recession. This has historically been an early-warning sign signaling a recession. Now we have some more bad […]

Fun on Friday: Kids These Days…

I used to hate it when my parents would tell me how much easier I had it than they did. But as I rip through middle age and rapidly approach “old,” I am becoming much more sympathetic to my parents’ point of view. Not that my parents really had it harder than me… But kids […]

Spending Us Into Oblivion Is a Bipartisan Sport: SchiffGold Friday Gold Wrap 03.29.19

The federal government set an all-time record budget deficit in February. And this is with a Republican in the White House. The GOP is supposed to be the fiscally responsible party. In this episode of the Friday Gold Wrap, host Mike Maharrey offers some interesting analysis that reveals spending money in Washington DC is really […]

A Vote for Ron Paul and Sound Money: It’s Your Dime Interview with “Faithless Elector” Bill Greene

Bill Greene’s biggest claim to fame is spurning Donald Trump and voting for Ron Paul as a member of the electoral college in 2016. But Bill is more than just a “faithless elector.” He’s an assistant professor of political science at South Texas College, and an expert on “constitutional tender” and sound money. In this […]

The Economy Is Great? American Consumers Aren’t Buying It

Every time the folks at the Federal Reserve talk about the “Powell Pause,” they assure us that the US economy is still strong. The president assures us that the US economy is still strong. The pundits on the financial news networks assure us that the US economy is still strong. But the US consumer doesn’t […]

Peter Schiff: Nobody Is Going to Buy the Fed’s BS the Next Time Around

During its FOMC meeting last week, the Federal Reserve took 2019 rate cuts completely off the table. It said it will freeze bond sales from its $3.8 trillion balance sheet later this autumn. In other words, balance sheet normalization is pretty much a done deal. Peter Schiff has predicted this would happen. He said from […]

Gold In Tech: Scientists Develop Coating to Stop Glass From Fogging Up

Not too long ago, CNBC commentator Jim Leventhal said he had no interest in gold because it has “no uses as a metal.” Of course, this comment is utterly absurd. It goes to show that just because you have an MBA doesn’t mean you have common sense. After all, anybody with an ounce of common […]