Peter's Blog

As Bond Yields Plunge, More Mainstream Investors Jump on Gold Bandwagon

Over the last few months, a number of big-name, mainstream investors have said buy gold. Stanley Druckenmiller publicly advised investors to sell US stocks and buy gold. Legendary hedge fund manager Paul Singer said “it makes sense to own gold.” With Brexit now a reality, and bond yields slipping lower and lower, the gold bulls […]

An Old Dog Rediscovers an Old Trick: Greenspan on the Gold Standard (Video)

An old dog may not be able to learn new tricks, but he can apparently rediscover those that are long forgotten. In a recent interview with Bloomberg, former Federal Reserve chairman Alan Greenspan warned of impending inflation. His prescription? A return to a gold standard. Greenspan noted that growth in productivity has ground to a […]

Peter Schiff: We’re in the Ninth Inning of This Thing (Video)

Peter Schiff recently appeared on Info Wars with Alex Jones and offered a dire warning: The world sits atop a house of cards erected by central banks…unfortunately it’s not going to end well for most people.” Peter said the aftermath of Brexit shows just how fragile the world financial system is, pointing out that in […]

“Real” Unemployment Rate Still Above Pre-Recession Levels

The June jobs report with its 287,000 new jobs lifted both spirits and markets drug down by the recent Brexit vote and other economic bad news. But the oft-reported numbers – jobs added and the unemployment rate – obscure the truth. In fact, the “real” unemployment rate remains above pre-recession levels. As Peter Schiff pointed […]

Trapped in a Loop of Central Banking Policy and Bad Decisions (Video)

In a recent episode of the Santilli Exchange, Pete Santilli talked with Hoover Institution Fellow Tim Kane about the June jobs report and the overall state of the US economy. Despite all of the giddiness about the recent jump in the number of jobs created, Kane said this jobs report wasn’t as positive as advertised: […]

Paper & Physical Gold Rush from West to East; $1500 by Year End?

The week began with a surge in the price of silver, giving the white metal its biggest two-day gain since 2011. Now this morning, Bank of America Merrill Lynch reported the largest one-week inflow into precious metals funds on record – $4.1 billion in the week ending Wednesday. The combination of the Brexit and the […]

Privately Minted Silver Coins Were Legitimate Money in the 1800s

In the early 1830s, an eastern Kentucky man named Josiah Sprinkle started minting his own coins and circulating them around the area. Eventually, government officials got wind of Sprinkle’s operation and arrested him. But he was ultimately found not-guilty in court. How did a man minting his own coins escape the long arm of the […]

Debt Is Dragging Down American Consumers

In May, we reported on the rising level of credit card debt in the US after the Wall Street Journal reported that credit card balances are on track to hit $1 trillion this year. Now we have evidence it might be even bleaker. A study released in June by CardHub reveals US consumers did worse […]

The Glories of Socialism in Venezuela: The Sound of Hungry Stomachs (Video)

In the United States, Bernie Sanders has built a political movement selling the glories of Democratic Socialism. Young Americans eager for the handouts promised by Sanders have flocked to the Vermont Senator in droves. Meanwhile, Venezuelans labor under the realities of Bernie’s economic vision. VICE News put together a short video showing the realities of […]

It’s Time to Give a Little Thought to Silver

In a CNBC interview last week, PureFunds CEO Andrew Chanin pointed out that a lot of people don’t really think about silver. Well, it might be time to give the white metal a little thought. Silver has risen along with gold since the Brexit vote, and it went into hyper-drive Sunday. The metal rose 8.6% […]