Peter's Blog

Venezuelan President Raises Minimum Wage and Unemployment

In his weekly radio address to his citizens, Venezuela’s post-Hugo Chavez leader, President Nicolas Maduro, announced he would raise the minimum wage for the fifth time over the last year. The bump puts the minimum salary at 40,683 bolivars or $60 per month, according to Reuters. The new minimum wage represents a 322% cumulative increase […]

4 Ways Gold Accounts Beat Cryptocurrencies

In his latest podcast, Peter Schiff illustrates the important differences between cryptocurrencies like Bitcoin and a gold transaction account like Goldmoney when it comes to convenience and preserving wealth. Essentially, it comes down to the technological risks and the price volatility of the underlying currencies. Here’s a breakdown of Peter’s major points: Convenience One advantage […]

Fed Up Friday: Overly Cautious Fed Can’t Figure Out Trump

This week, the national debt edged closer to $20 trillion, double what it was at the beginning of Obama’s presidency. The FOMC minutes were also released from their latest meeting. As it turns out, the Federal Reserve just doesn’t know how Trump’s incoming presidency will affect the economy. Trump is Stumping the Federal Reserve Some […]

Gold Price Plummets After Trump Win, Huge PM Purchase Opportunity

Dan Kurz is a CFA with over two decades experience working in Zurich, Switzerland as a thematic strategist for Credit Suisse CIO Office. Dan’s site, DK Analytics, offers deep and broad analysis at the macro and micro level.   Gold per troy ounce (toz or oz) in $ terms has slumped by a whopping 11% […]

Gold Keeps Gains as Fed Minutes Show Doubts About Rate Policy

Oil prices rose and the dollar weakened Wednesday as gold futures maintained a three-week high even as the release of FOMC minutes seemed to suggest a more aggressive rate hike schedule was being considered, according to MarketWatch. After its vote last month to raise the Federal funds rate 25 basis points, the Fed estimated three […]

US Currency Crisis Coming in 2017

In his latest podcast, Peter Schiff lays out why optimism for the US dollar in 2017 is just wishful thinking. Trump’s tax cuts and increased spending are likely to create only a fraction of the stimulus most people expect, given the budget deficits and national debt we face. Investor hopes also reside with Trump’s tax […]

Top 5 Most Popular SchiffGold Stories of 2016

Along with its string of celebrity deaths, presidential comebacks, and populist political movements around the globe, 2016 will also be remembered as full of dramatic market changes. Because history tends to repeat itself, here’s a look back at the top five most popular Schiff gold blog posts of 2016 that may prove beneficial for investors […]

Market Shakeups for Gold and Silver Prices for 2016

The prices of gold and silver are always moving, influenced by factors such as current events, market speculation, currency fluctuations, and supply and demand. In 2016, there were several events that influenced the highs and lows of the gold and silver market. For investors, staying on top of these fluctuating prices is crucial to financial […]

Jim Rickards: Trump’s Stimulus Plan Not Happening

Economist Jim Rickards appeared on CNBC’s “Squawk Box” outlining his 2017 predictions for rate hikes, Trump stimulus, and the coming US recession. Rickards believes the markets are unwittingly pricing in a stimulus plan that will never materialize. “Trump wants to cut taxes. Steve Bannon is talking to his advisors about a trillion dollars of infrastructure […]

SchiffGold’s End of Year Survey

Buying gold and silver is a unique experience. There’s something very personal and profound about transforming your wealth into physical precious metals. At SchiffGold, my brokers and I understand the passion our customers bring to their investment portfolios. That’s why we built a brokerage service that’s customized, professional, and discrete. Help us continue to provide exceptional […]