Peter's Blog

David Stockman: The Next President Will Inherit a Recession (Video)

Over the last few weeks, the mainstream has been fixated on the prospect an interest rate hike. Janet Yellen insists the economic fundamentals will support a hike. Pundits keep talking about a “strong economy.” But David Stockman recently appeared on Fox Business with Neil Cavuto and said the next president will inherit a recession. Cavuto […]

Will You Ever Retire? Many Americans Won’t

Will you ever retire? More and more Americans will not. According to the latest data from the US Bureau of Labor Statistics, almost 20% of Americans 65 and older are still working. That’s the largest percentage of older Americans on the job since the early 1960s. With Baby Boomers hitting retirement age, it’s the largest […]

How About a Beard Tax?

When you think about government, innovation isn’t exactly the first thing that comes to mind. Just last week, CNN reported that the US Department of Defense still uses 1970s era computing systems that require “eight-inch floppy disks.” Some of these ancient computers run US nuclear weapon systems: Such disks were already becoming obsolete by the […]

How and Why You Should Stop Thinking in Dollars and Start Thinking in Gold

This article was written by Dickson Buchanan Jr., SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Whether intuitively or analytically, we all know that the dollar is not such a great form of money. That’s putting it lightly though. The dollar is […]

Silver Mining CEO: Triple-Digit Silver Prices Coming in the Near Future

The head of a major silver mining company says he thinks we will see triple-digit silver prices in the near future. Keith Neumeyer serves as CEO of First Majestic Silver Corp. The company ranks as the second largest silver producer in Mexico – the world’s leading country in silver production. Neumeyer told Bloomberg a major […]

Peter Schiff: June Rate Hike Immaterial; Rate Cuts and Quantitative Easing Up Next (Video)

Will the Federal Reserve raise rates in June? Peter Schiff says it’s immaterial. Peter appeared on CNBC’s Fast Money and created a firestorm when he said he sees this as a repeat of what happened at the end of last year and suggested everybody knows the Fed is at the end of its tightening cycle. […]

Puerto Rico Default Is Coming and It’s Just the Tip of the Iceberg

Good morning Puerto Rico. Default is coming. Legislation moving in Congress would set up an oversight board to guide the US territory through what essentially amounts to bankruptcy. It would not expend federal funds to bail out Puerto Rico, but would allow the island’s government to pay back debtors at less than 100%. This is […]

Jim Grant: The Fed Missed Its Chance; It Can’t Normalize Rates Now

Although it seems to be almost a foregone conclusion in most circles at this point, not every analyst believes the Federal Reserve will hike rates in June, or if they do that it means a long-term upward trajectory. Jim Rickards recently appeared on RT’s Boom Bust and said he thought a rate hike was unlikely, […]

Boockvar Bullish on Gold No Matter What the Fed Does (Video)

Fed watching has become an obsession. Every day, talking heads parse and dissect the words of central bankers, trying to read the tea leaves and figure out if the Federal Reserve will or will not raise rates next month. But a well-known mainstream market analyst says Fed-obsessed pundits miss the bigger picture. It’s not all […]

News Flash: China and Russia Continue to Add to Gold Reserves

Last week we reported that central banks were jettisoning US debt and buying gold. Figures released by the IMF this week indicate central bank gold hoarding has not abated. Russia and China both extended their prolonged buying spree in April. Russia added 16.2 tons to its reserves. China increased its holdings by 10.9 tons. Another […]