Peter's Blog

Russian Lawmaker Calls for Creation of Gold-Backed Cryptocurrency to Circumvent Sanctions

A Russian lawmaker has suggested his country should develop a gold-backed cryptocurrency for payment of arms exports and other goods as a way to circumvent Western sanctions and limit his country’s dependence on the dollar-based global banking system. Vladimir Gutenev serves as first deputy head of the economic policy committee at the State Duma – […]

Peter Schiff: Traders Are Beginning to See the Writing on the Wall

The US stock markets had another big day Wednesday with a number of the indexes, including the Nasdaq and the S&P 500, in record territory. So, what’s with the recent move up in US stock markets? Donald Trump and a lot of Republicans have been taking credit for it, saying their economic policies are causing […]

Jim Rogers Says We’re Heading Toward the Worst Bear Market in His Lifetime (Video)

Investment and commodities guru Jim Rogers says we’re heading toward the worst bear market in his lifetime. Rogers recently spoke a the MoneyShow in San Francisco. He said the first thing we need to understand is that in the wake of the 2008 financial crisis, the Federal Reserve “came to the rescue” and drove interest rates […]

It’s Your Dime Interview with Mises Institute President Jeff Deist

SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics. In this episode, I talk with Mises Institute president Jeff Deist about Austrian economics, the Fed, Trumpanomics. the biggest threats to our freedom, and of course, gold.

Focus on Fundamentals: Gold Demand Continues to Surge in India

Indians are buying gold. Imports of the yellow metal into India jumped for the first time in seven months in July and the trend appears to be carrying forward into August, according to a report in the Times of India. Gold sales have surged 15% by volume over last year as Indians took advantage of […]

Government Counterfeiting Squeezes Families, Not Capitalism

It’s all capitalisms fault! What is? Well, everything. At least that’s the narrative you get from the political left, and quite frankly, not infrequently from the political right.

Canary in the Coal Mine? Subprime Credit Card Delinquencies Spike in Q2

There are signs that the air may be coming out of the subprime credit card bubble. According to numbers recently released by Federal Reserve, delinquency rates on credit card balances at commercial banks other than the largest 100 rose to 6.2% in the second quarter of this year. These are credit cards issued by the […]

Peter Schiff: The Fed Is Going to Let the Inflation Genie Out of the Bottle

Friday was an active day in the markets. The S&P 500, the Russell 2000 and the Nasdaq all hit record highs. The Dow Jones didn’t quite crack into record territory, but it was up over 100 points. Meanwhile, the dollar fell and gold was up more than $20. In his latest podcast, Peter Schiff said […]

The Whole Thing Could Fall Apart at Any Time

We are well into the third quarter of 2018. In our perpetual fast-forward world, analysts are already looking toward Q4. What will the last quarter of the year bring? It’s virtually impossible to predict the short-term. Who knows what kind of political event, natural disaster or emerging trend will drive the markets over the next […]

The $64,000 Question: SchiffGold Friday Gold Wrap 08.24.18

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.