Peter's Blog

Several States Considering Bills to Repeal Taxes on Gold and Silver

Several state legislatures are considering bills that would repeal taxes on the sale of gold and silver. Fundamentally,  gold and silver are money. But most governments treat precious metals as a commodity. They don’t accept it as payment. Worse than that, they tax it. Think about the absurdity of this policy.

US Adds $1.5 Trillion to Debt in 12 Months; Who’s Buying All These Bonds?

Over the past 12 months, the US federal government has added $1.5 trillion to the national debt. As of Jan 30, the debt stood just under the $22 trillion mark at $21.97 trillion, according to the latest Treasury Department data. As WolfStreet put it,  we’re seeing these rapidly increasing levels of debt during “good times when […]

Peter Schiff: This Is the Beginning of the End (Video)

During his keynote speech at the Vancouver Resource Investment Conference, Peter Schiff said we are at the beginning of the end. The Fed appears to have paused interest rate hikes in order to save the stock market. The markets have reacted positively and a lot of analysts seem to think we’re out of the wood. […]

Global Mine Output Up Slightly in 2018; Shows Continued Signs of Slowing

Global gold mine output marked its 10th year of annual growth but continued to show signs of slowing in 2018, according to the World Gold Council. Gold production rose fractionally by about 1% totaling 3,346.9 tons. That compares with 3,318.92 tons mined in 2017  — a 28-ton increase year-on-year. Meanwhile, global gold demand grew by 4%.

Fun on Friday: Would You Buy a $500 Brownie?

Would you pay $500 for a brownie? Now, before you answer rashly, let me tell you something important about this brownie. It’s covered in 24-karat gold. 

The Powell Put Is On! SchiffGold Friday Gold Wrap 02.01.19

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.

Peter Schiff: The Powell Pause Won’t Be Enough

The Federal Reserve Open Market Committee met yesterday and held interest rates steady in the 2.25-2.50% range. This wasn’t really a surprise. More significantly, Fed Chair Jerome Powell kept up the dovish rhetoric, saying, “The case for rate increases has diminished. I would need to see a reason for further rate hikes that would have […]

Global Gold Demand Grew By 4% in 2018

Global gold demand grew by 4% in 2018, driven by a multi-decade high in central bank buying, according to the World Gold Council’s Gold Demand Trends 2018 Report. Gold demand came in at 4,345.1 tons in 2018. That was up from 4,159.9 tons the previous year. This was in line with the five-year average growth.

Schiff, Holmes, Hug and Sebag on the Ultimate Gold Panel (Video)

Peter Schiff recently participated in the Ultimate Gold Panel at the Vancouver Resource Investment Conference. Hosted by Daniela Cambone of Kitco News, the panel delved into a deep discussion about the future of gold based on both historical analysis and current economic trends. Peter is joined on stage by Frank Holmes, Peter Hug, and Roy Sebag. […]

Moscow Exchange Chief Pitches Alternative to US Dollar Investments — Gold

During a speech at the lower house of the Russian parliament, the CEO of the country’s key trading floor suggested Russian investors should replace investments they’ve made in dollars with gold. “Let’s offer an alternative to the US dollar in the form of Russian gold, which we produce… investment gold,” Moscow Exchange (MOEX) CEO Alexander […]