Peter's Blog

Crypto vs. Gold: Gold Has Value Unto Itself

Bitcoin mania is in full force. When I get to my desk in the morning, the first thing I do is check the latest gold news. But lately, when I google the word “gold,” I mostly get Bitcoin news. In his most recent podcast, Peter Schiff even suggested CNBC should rename its network the “Crypto News […]

The Fed’s Magic Trick That’s Picking Your Pocket

Every year, the Federal Reserve robs you of a little bit of your wealth. And it does so by design. Writing for the Sovereign Man, Jeff Thomas called it a “magic trick.” But it’s not magic in a mystical way. It’s magic in the show business sense of the word.  It’s an illusion, facilitated by distraction that fools the audience. […]

Jobs Numbers: The Biggest Hoax in American Politics?

President Trump has completely flip-flopped the way he looks at economic data. When he was on the campaign trail, he called the stock market a “big, fat, ugly bubble.” Now that he’s sitting in the Oval Office, he takes credit for the same bubble. He’s done the same kind of 180 when it comes to […]

Gold and Rising Interest Rates: Selling the Rumor, Buying the Fact

The Federal Reserve is widely expected to nudge interest rates up again this week. Most analysts agree that the specter of a rate hike is one of the primary reasons gold has slumped over the last several weeks. But are rising interests rates really bad for gold? The short answer is no. At least not […]

Gold’s Early Christmas Present: SchiffGold Friday Gold Wrap 12.8.17

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: You Can’t Do that with Bitcoin

How would you like to walk on gold? You can do it at the Akron Art Museum. Artist Rachel Sussman has filled cracks in the museum floor with gold.

Exploding Chinese Debt Could Threaten World Financial System

The US national debt stands at over $21 trillion and neither political party in Washington D.C. seems inclined to do anything about it. In fact, the GOP tax plan winding its way through the political process will add an estimated $1.5 trillion more to the debt over the next decade. And that doesn’t even account […]

Gold Now Is Like Christmas Decorations in January – A Bargain

When I was a kid, my mom always went shopping on the day after Christmas. She wasn’t going out to spend her Christmas cash on some goody Santa failed to leave under the tree. She went out with the express purposes of buying Christmas cards, wrapping paper and decorations. But why go out and buy […]

The Third Time Is Not the Charm (Video)

The Federal Reserve is in the midst of inflating its third big bubble. During an interview with Greg Hunter last month, Peter Schiff said the third time isn’t going to be the charm.

Gold Can Unify Us Across the Great Political Divide

There is one thing Republicans and Democrats should agree about – buy gold. But like everything else, the yellow metal has become politicized. If you believe the stereotype, only people on the right buy gold. A recent article by Martin Tiller at Nasdaq.com highlighted the phenomenon.