Peter's Blog

Flashing Warning Signs: SchiffGold Friday Gold Wrap 04.06.18

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.

Fun on Friday: Cleveland Brewery Plans to Sell Beer Made Out of Gold

I’ve written several Fun on Friday columns about eating gold.  I told you about the golden goose. I told you about the LA steakhouse that will serve you a nicely cooked steak garnished with gold flakes. I even told you about an Indian caterer who responded to a couple’s request to “stun” their wedding guests […]

North American ETFs Gobbled Up Gold Last Month, Leading Global Increase in Fund Inflows

North American funds gobbled up gold last month as gold-backed ETFs collectively added 22.5 tons of the yellow metal globally in March. Overall, gold-backed ETFs increased their holdings to 2,415 tons worth an estimated $102.8 billion, according to data released by the World Gold Council.

David Stockman: Free Money Is the Profound Enemy of Free Markets

Jim Grant recently interviewed former Ronald Reagan Officer of Budget and Management David Stockman on his Grant’s Interest Rate Observer podcast. Their conclusion? America is broke. And central bank free money broke it.

Subprime Mortgages Among Fastest Growing Investments for US Banks

“As a dog returns to its vomit, so fools repeat their folly.” – Prov. 26:11 It appears there is some repeat folly brewing. Remember subprime mortgages? Well, they’re back. 

Corporate Debt Reveals Disconnect Between Stocks and Economic Reality

There has been a lot of volatility in the stock market over the last couple of months. Peter Schiff has been saying we are already in a bear market. But most mainstream analysts remain upbeat. They insist the recent volatility is normal. The economy is picking up steam. Inflation remains tame. The jobs market continues to […]

Industry Report Projects Modest Increase in Gold Demand; Production to Remain Flat

Gold demand will increase modestly in 2018 as mine production remains flat, according to an industry report. Metals Focus released its Gold Focus 2018 report this week. It projects a 1% increase in gold demand this year with stronger physical investment, jewelry and industrial demand partially offset by a drop in central bank buying.

Peter Schiff: In a Bear Market, All News Is Bad News

After rallying on Friday, stocks tanked on Monday, dropping over 450 points. In fact, it was the worst first day of the second quarter since the Great Depression. Most analysts blamed the plunge on the escalating trade war, but Peter Schiff has a different take. He said it was just another bad day in a bear […]

Could a Trade War Jump-Start a Breakout in Gold?

The trade war is heating up. Could it jump-start a breakout in gold? Some analysts think so. China fired a salvo in what could become a full-blown trade war on Monday. The Asian nation slapped tariffs of up to 25% on 128 US products including frozen pork, wine and steel pipes in retaliation for US tariffs […]

Peter Schiff: Things Are About to Get a Lot Worse for the Stock Market

Stock markets rallied to close out March and ended up in the black for the holiday-shortened week, but markets were down on the month and also for Q1 2018. In fact, it was the first quarter in the red for stock markets in 10 quarters. During his most recent podcast, Peter Schiff said he thinks this was […]