Peter's Blog

“Commodities King” Says Bull Run Will Continue; Now Is the Time to Buy Gold (Video)

Last December, Dennis Gartman called gold the top commodity to own in 2017. He followed up in March, swearing he wasn’t a “gold bug,” but then advising “buy gold.” Now the man known as the “commodities king” says keep buying gold. In an interview on CNBC’s Futures Now, Gartman declared the bull run isn’t over […]

What Does the Ballooning National Debt Mean to You?

When Pres. Trump signed a bill raising the debt ceiling limit for the next three months, it instantly added approximately $318 billion to the national debt, raising it to $20.16 trillion. And Trump wants to do away with the debt ceiling altogether. It’s hard to even conceptualize $20 trillion. What does that mean to the average person? Just […]

Founder of World’s Biggest Hedge Fund Says You Need to Own Gold (Video)

The founder of the world’s biggest hedge fund says every investor should own some gold. Business Insider CEO Henry Blodget recently interviewed Ray Dalio, the founder of Bridgewater Associates. You recommend that most portfolios should contain some gold.” Dalio’s didn’t even hesitate. Yeah. Of course.”

Yellen in a Box and a Retail Bloodbath: SchiffGold Friday Gold Wrap Podcast Sept. 22, 2017

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: Golden Music for Your Ears

Apple recently announced its new iPhone 10 to much hoopla. It will feature a retina display, increased storage and RAM, and enhanced facial recognition (which is either real cool or incredibly creepy, depending on your point of view.) Of course, this will all come with a pretty hefty price tag of around $1,000. A lot […]

Is Janet Yellen Playing a Game of Monetary Chicken?

The Federal Reserve took a hawkish stance at its latest Open Market Committee meeting, announcing plans to begin unwinding its balance sheet next month. Fed chair Janet Yellen also indicated she plans to raise interest rates one more time this year. Here’s the question: Is this a viable path forward, or is the central bank […]

US Threat to Cut China Off from the International Dollar May Be Empty

Earlier this month, the US threatened to lock China out of the dollar system if it doesn’t follow UN sanctions on North Korea. Treasury Secretary Steven Mnuchin threatened this economic nuclear option during a conference broadcast on CNBC. If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the […]

Toys R Us Bankruptcy: It’s Not All About Amazon

Toys R Us filed for bankruptcy earlier this week, a wicked head-shot to a retail sector that’s been reeling for months. The TRU filing ranks as the second-largest US retail bankruptcy ever, according to S&P Global Market Intelligence. Toys R Us had $6.6 billion in assets at the time of filing. Only Kmart was bigger. It […]

Cryptocurrency Website Says Now Is a Good Time for Gold

Even some of the biggest supporters of Bitcoin and other cryptocurrencies recognize the stability of gold. Last week was a bad week for Bitcoin. It’s price dropped significantly in the wake of a Chinese government crackdown on cryptocurrency exchanges in the country. Bitcoin’s price has recovered a bit this week, but a recent article published by […]

Russia and China’s Golden Plan to Shift Economic Power East

Russia and China seem to be betting their monetary futures on gold. Their long-term maneuverings could seriously undermine the dominance of the US dollar and shift the world’s economic center of power from West to East. Russia and China buy more gold than any other countries in the world, with Russia leading the way. Over the […]