Peter's Blog

Investors Starting to Consider Possibility of Fed Rate Cut

My how things change. This time last month, it was a foregone conclusion that the Federal Reserve was going to raise rates in June. Then the government released a shockingly bad jobs report and suddenly that rate hike was taken off the table. Even so, many pundits believed July would finally bring the much anticipated […]

World Gold Council Report: Brexit Will Be Good for Gold

In a report released in the wake of the Brexit vote, the World Gold Council predicted “strong and sustained inflows into the gold market.” In the immediate aftermath of the referendum, gold surged, reaching as high as $1,358.54 per ounce before falling back later in the day Friday. It was the highest level for gold […]

Brexit: An Opportunity for the UK and a Get Out of Jail Free Card for Yellen (Video)

The mainstream media and global markets have responded to the Brexit vote as if it is the end of the world. Well, is it? Or is it an opportunity? Peter Schiff appeared on CNBC’s Trading Nation Monday and said the Brexit hysteria in the markets and the mainstream media is unwarranted, and it actually presents […]

Analysts Say $1,900 Gold Could Be a Reality in Wake of Brexit

The price of gold soared in the wake of the Brexit vote, going as high as $1,350 on Friday before settling back slightly. As of the Monday morning after the vote, the yellow metal was up more than 5% from its close Thursday before returns started coming in. The spike in gold after the shock […]

Brexit Vote Manna From Heaven for Janet Yellen (Audio)

According to Peter Schiff, the Brexit vote is just what the doctor ordered for Janet Yellen. Stocks plunged and gold surged in the wake of Brexit. As of Monday morning, gold was up more than 5%. Most analysts think gold went up because of the UK’s decision to leave the European Uniion, but Peter said […]

Obamacare Chickens Starting to Come Home to Roost

It appears some of the Obamacare chickens are starting to come home to roost. Opponents of the massive intervention in the health care and insurance markets warned that it would increase prices and negatively impact employment. Supporters of the government health care program poo-pooed those predictions. But as some of the real-world implications of Obamacare […]

Brexit! What’s Next?

The British vote to leave the EU Thursday sent shockwaves through the financial markets and pushed gold to a 2-year high. In the historic Brexit referendum, the British voted to leave the European Union by a 51.9 to 48.1 margin. Unofficially, 17,410,742 Brits cast exit votes, with 16,141,241 casting ballots to remain in the EU. […]

Peter Schiff: Fed Perfectly Happy to Give You a Haircut on the Dollar (Audio)

On his most recent Peter Schiff Show podcast, Peter broke down Janet Yellen’s recent testimony before Congress. He focused on her apparent cluelessness about the state of the US economy and talked in depth about why the Fed won’t raise rates. He also noted that Yellen’s comments about the impossibility of stagflation seem to indicate […]

Negative Interest Rates: Chemotherapy for Indebted Nations (Video)

In an interview on the Keiser Report, author, investment banker, and credit analyst Chris Whalen talked about negative interest rates, calling them “chemotherapy for indebted nations.” Whalen noted that more than half the world today is in negative rate territory. He said that after years of high, “risk-free” returns, now it’s time to give the […]

Truth About the Economy Leaks Out Through Cracks in the Mainstream Narrative

Last week, Jim Grant argued that the US manufacturing economy is flirting with recession, if it isn’t there already.  He said the horse of speculation is ahead of the cart of enterprise. In other words, even though asset prices such as the stock market and real estate are rising, creating the illusion of economic prosperity, […]