Peter's Blog

Ancient Babylonian Banking and Our Modern Financial System

Ancient Babylonia is known as the “cradle of civilization,” because it helped develop many important parts of our modern society, from laws (Code of Hammurabi) to advancements in astronomy and architecture. It also helped establish rules and procedures that have influenced modern day banking institutions. A quick look back at Babylonian finance provides insights into […]

Day 49: Backlash Comes from Both Sides with TrumpCare

This week, Trump announced the dawn of TrumpCare, his term coined for the replacement Republicans have built for the Affordable Care Act (ACA), initiated by Obama. The reaction from the entire country was less than desired from the White House, as both sides of the aisle criticized the newly proposed healthcare reformation plan. On top […]

50-Year Look at the Dollar’s Purchasing Power vs. Gold

To understand the impact of inflation on the US dollar, it’s helpful to compare its purchasing power to gold over time. Fifty years ago, the dollar’s value was quite substantial, but over time artificially low interest rates and money printing by the Fed have helped erode the greenback’s potency. In contrast, gold’s unique ability to […]

TrumpCare: Same Song Different Tune, Republicans Off Key

In his latest podcast, Peter Schiff explains how the Republicans’ newly unveiled repeal and replace plan for Obamacare will have many of the same failures as its predecessor. Having adopted the new moniker, “TrumpCare”, many mainstream Republicans are seeing the bill as an improvement over the Affordable Care Act. However, Peter sees it a little […]

Good Buying Opportunity: Diverging Moves in Gold Stocks and Physical Gold

In his latest podcast, Peter Schiff looks at the latest moves in physical gold and gold stocks as a possible indicator that the market may be in the early stages of a bull run. A few weeks prior, Peter pointed out that gold stocks were selling off (down 4%) while the price of gold was […]

Limited Edition Gold Coins at Bullion Prices: RCM’s Elk Just Released

Have you always wanted a limited edition coin without wanting to pay a high collectible price?  The solution is here: the 2017 1 oz Gold Elk!  This beautiful coin is the fourth and potentially final coin in the Royal Canadian Mint’s popular “Call of the Wild Series.”  It is a limited edition coin, only produced during […]

Don’t Weigh Bitcoin’s Price Against Gold’s

On Thursday Bitcoin gained parity with gold for the first time, only to surpass it shortly after. The cryptocurrency reached a high of $1281.21 by 1 p.m. EST on the BTCUSD exchange, according to MarketWatch. The mainstream media is likely to hype the story, inspiring many to sing the praises of Bitcoin as a better […]

Day 42: Trump’s Addresses Congress with Problems, Not Solutions

Trump’s address to Congress might be a landmark event for his first 100 days. His softer, more focused tone inspired markets yet again. The Dow Jones climbed to over 21,000 as the President spoke on restarting the economy and pouring new money into military developments. But the question of will his cuts and spending increases […]

SchiffGold is Hiring Junior Brokers

Do you subscribe to the following ideas? Free market economy Austrian economic philosophy Libertarian political philosophy Gold is the ultimate form of money If you answered “yes” to all of these, then you may be the next SchiffGold Junior Broker. We’re currently looking for an outgoing, self-motivated individual to train as Junior Broker at our […]

Yellen and Trump Speeches Highly Anticipated by Investors

Investors will have much to mull over this week as Donald Trump gives his first address to Congress, and Federal Reserve Chair Janet Yellen speaks Friday. After that, the FOMC goes into their blackout period in anticipation of their March 14-15 policy meeting. Tuesday night, Donald Trump will give his first State of the Union […]