Peter's Blog

Chinese Bank Buys Huge London Gold Vault Expanding Influence on World Gold Market

China is serious about gold and continues to expand its influence on the world gold market. On Monday, China’s largest bank announced the purchase of one of Europe’s biggest gold vaults. Reuters reported the sale: ICBC Standard Bank is buying Barclays’ London precious metals vault, giving the Chinese bank the capacity to store gold worth […]

Rout In Retail Likely to Continue

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. Despite some good numbers in April, a look at the fundamentals indicates the rout in retail will likely continue long-term. Mainstream media wants us to think […]

Now Is Not a Normal Time: Central Banks Buying Piles of Gold

These are not normal economic times. Interest rates have remained artificially low, plunging into negative territory in many places. Central banks continue to inflate the money supply with quantitative easing. Some policy-makers have even floated the idea of helicopter money. Worldwide money printing is reportedly approaching $100 trillion. There is no end to this crazy […]

Ron Paul: The Federal Reserve Is King of the Price Fixers (Video)

In a recent episode of his video broadcast Myth Busters, Ron Paul and Chris Rosinni talked about how government destroys markets by tampering with prices. After discussing the ways government intervention has destroyed the market for health care and education in America, and looking at the negative impacts of tariffs and price supports in agriculture, […]

Peter Schiff: This Is a Phony Recovery (Video)

Peter Schiff appeared on Fox Business this week and the first thing he did was talk about how good gold investments are doing, saying they are “the best…doubled or more.” He then launched straight into the reason why. The economy is a mess. If this economy wasn’t a disaster, Trump wouldn’t have the support that […]

Investors Piling into Gold; Demand in Record Territory

Gold demand hit near record levels in the first quarter of 2016. Despite the price rising nearly 17%, the demand for gold surged 21% in the opening quarter of the year. It was the second largest quarter on record, according to the World Gold Council. Gold demand hit 1,290 tons in Q1. Concerns about economic […]

Gold’s Best Quarter in 30 Years Is Just the Beginning

Last week, we reported that billionaire investor Stanley Druckenmiller is publicly advising investors to sell United States stocks and buy gold. Druckenmiller is now joined in his gold recommendation by an equally legendary hedge fund manager – Paul Singer. In a client letter at the end of April, Singer wrote: It makes a great deal […]

Pension Systems Pushing Some States Toward Bankruptcy: Where Does Your State Rank?

Recently, we reported on the rapid collapse of pension systems, both public and private, across the United States. This is not only jeopardizing Americans’ retirement. Failing government pension systems are pulling several states down into a black hole with them. When we talk about government debt, we tend to focus on the US national debt. […]

Could Your Kids’ Student Loan Debt Jeopardize Your Retirement?

Student loan debt continues to balloon. Data released in March revealed that 46% of student loans are not currently being repaid. That doesn’t even include debt held by students still in school or those within the six-month grace period after graduation. Clearly, this has major implications on the financial futures of Americans saddled with this […]

Hey Paul Krugman: That’s Not Insulin You’re Injecting; It’s Heroin!

In a recent New York Times column, economist Paul Krugman tried to justify central bank interventionist monetary policy by comparing it to giving insulin to a diabetic. How should we think about these incredibly low interest rates? Recently Narayana Kocherlakota, the former president of the Minneapolis Fed, offered a brilliant analogy. Responding to critics of […]