Peter's Blog

Gold in Tech: Sensors Using Gold Wire Could Open the Door to Real-Time Health Diagnosis

A new tech development using gold could help doctors diagnose and manage health issues in real-time. Scientists at Australian National University developed the tiny, wearable optical sensors. The device is 50 times thinner than a human hair. Researchers told Printed Electronics World that the sensors combine very small gold nanostructures with semiconductors.  Scientists say the […]

Peter Schiff: Everybody Who Is Betting the Trade War Is Bullish for the Dollar is Wrong

It looks like we’re heading toward a full-blown trade war. As the war continues to escalate. Pres. Trump has levied more tariffs on Chinese imports in retaliation for China’s retaliation after the US announced its first round of tariffs. A lot of people seem to think this is bullish for the dollar. In fact, the greenback […]

Russia Dumping US Treasuries, Buying Gold

The Russians are dumping US Treasuries and buying gold. As we reported earlier this week, the three largest holders of US Treasuries are not in a buying mood. In fact, they’re selling. The Japanese disposed of $12.3 billion in US debt. Meanwhile, Chinese Treasury holdings fell by $5.8 billion. The Federal Reserve has shed about $70 billion in […]

Kyrgyzstan Is Buying Gold to Shield Itself from the Trade War

What do you do if one of your biggest trading partners is embroiled in a trade war and the other faces economic sanctions? Buy gold. That’s exactly what Kyrgyzstan’s central bank is doing. 

Could Big European Banks Drag the World Economy Down?

Humans are by nature somewhat myopic. We tend to focus primarily on what is right in front of us and filter out things further removed. As a result, we can sometimes overlook important factors. As Americans, we generally devote most of our attention on American policy. We follow political maneuverings in Washington D.C., study the […]

Focus on Fundamentals: Rain Could Make Gold Demand Grow

Analysts say demand for gold in India will likely rise in the second half of the year thanks to a good monsoon season. Increasing demand for gold in the world’s second-largest market could help boost overall global demand for the yellow metal. According to NDTV, monsoon rains hit Kerela at the end of May. This was […]

Who Is Buying US Treasuries?

The Japanese and Chinese aren’t buying US Treasuries. In fact, both countries reduced their holdings in April. According to the US Treasury Department, the Japanese disposed of $12.3 billion in US debt. Meanwhile, Chinese Treasury holdings fell by $5.8 billion. This could be a troubling development for the US government as it scrambles to fund its […]

Peter Schiff: A Huge Wave of Inflation Is Going to Engulf the Planet

At this point, the European Central Bank isn’t nearly as keen on raising interest rates as the Federal Reserve. The ECB announced Thursday it would likely hold its interest rate steady at zero through the summer of 2019. “We decided to keep the key ECB interest rates unchanged and we expect them to remain at […]

Fed Chair Jerome Powell Is Playing with Fire

Jerome Powell is like a kid playing with matches and he’s dangerously close to starting a fire he isn’t going to be able to control. The Federal Reserve nudged interest rates up again last week. It was the seventh hike since the Fed launched the current tightening cycle in December 2015. The Fed Funds Rate […]

A Boogeyman Lurking in the Shadows Of The Economy: SchiffGold Friday Gold Wrap 06.15.18

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.