Peter’s Blog

On June 7, the Washington DC Council voted to raise the city’s minimum wage to $15 per hour. DC joins New York and California, along with a number of major US cities that have made the move to boost the minimum wage over the last year. The DC Council’s vote was a major symbolic victory […]

This article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. When central bankers talk about gold, it’s usually with an attitude of disdain. So, why do they hate gold so much? The Federal Reserve operates under […]

The British have gotten gold fever. According to a Reuters report, uncertainty surrounding the upcoming Brexit vote is driving quite a gold boom: At Sharps Pixley, a gold showroom in London’s smart Mayfair district, demand for bullion bars and coins is rising, with men and women of all ages buying up the safe-haven metal in […]

In an interview with the World Gold Council for the latest edition of Gold Investor, former Bank of England head Lord Mervyn King made the case that it’s sensible for central banks to buy and hold gold. Interestingly, the reasons he offered are good reasons for individual investors to buy gold as well. King addressed […]

The shockingly bad May jobs report dumped a bucket of cold water on central bankers and mainstream pundits. A June interest rate hike that was a foregone conclusion just a week ago disappeared like a teenager when it’s time to do the dishes. Suddenly, a lot of people are starting to realize the great Obama […]

With May’s shockingly bad jobs report, it’s pretty much a forgone conclusion that a June Federal Reserve rate hike is off the table. After the report came out Friday, Peter Schiff stuck a fork in the June hike possibilities in his SchiffReport Video Blog. Now with the June rate almost certainly a no-go, pundits are […]

Economists say election uncertainty is subduing economic growth. But it seems more likely the horrible economy is driving this strange election cycle. For months, Peter Schiff has been saying if the US isn’t already in recession, it will be in one soon. Former Reagan Office of Management and Budget Director David Stockman recently told Neil […]

This article was submitted by JD Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Last Friday, the BLS released its jobs report for the month of May. It was shockingly bad. In light of the strike on Verizon, a relatively […]

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Peter Schiff has stated clearly for the record that this financial system is headed towards collapse. While many like to point at inflation as the key […]

If you’ve ever played Jenga, you know each player takes turns pulling blocks out of the core of a tower and then placing them on top. The tower gets less and less stable as the game goes on, until eventually it comes crashing down. This is kind of like what the Federal Reserve does with […]