Peter's Blog

A Look Back at 2017: SchiffGold Friday Gold Wrap 12.29.17

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: Your Golden Goose Is Cooked

I’ve mentioned this several times in these Fun on Friday columns, but the whole phenomenon of eating gold fascinates me. Because, really, it’s kind of weird.

Seven Things that Drove Gold News in 2017

On Dec. 31, 2016, the price of gold stood at 1,156.00. Today, it is knocking on the $1,300 mark. The yellow metal is on track to gain about 12% in 2017, its best year since 2010. Gold has made these gains despite a number headwinds that we would expect to put a significant drag on gold. […]

South Korea Announces Crackdown on Crypto; Bitcoin Price Plunges

When it comes to Bitcoin, you can count on one thing – volatility. The price of Bitcoin plunged more than 11% Thursday morning, dipping below the $14,000 level after the South Korean government announced plans to more tightly regulate cryptocurrencies. 

Even the Government Knows the Stock Market Is a Huge Bubble

Last month, we reported on a Bank of America survey that indicated the mainstream has started to acknowledge that the stock market is a big, fat, ugly bubble. The latest fund-manager survey by Bank of America Merrill Lynch found that a record 48% of investors say the US stock market is overvalued. Meanwhile, 16% of […]

The Fed Plays the Economy Like an Accordion

We talk a lot about how central banks serve as the primary force driving the business cycle. When a recession hits, central banks like the Federal Reserve drive interest rates down and launch quantitative easing to stimulate the economy. Once the recovery takes hold, the Fed tightens its monetary policy, raising interest rates and ending QE. […]

10 Reasons to Buy Gold Now

As we pointed out a few weeks ago, we’ve now entered the prime time to buy Christmas cards, decorations, and wrapping paper. Why? Because with Christmas in the rearview mirror, Christmas stuff is all on sale. There are a lot of reasons to believe gold is also on sale right now. The investment world has […]

Stockman: US Fiscal Path Will Rattle the Rafters of the Casino

As we’ve reported, the US government is spending money like a drunken sailor. But nobody really seems to care. Since Nov. 8, the US national debt has risen $1 trillion. Meanwhile, the Russell 2000 (a small-cap stock market index) has risen by 30%. Former Reagan budget director David Stockman said this makes no sense in […]

India Set to Become World’s Fifth Largest Economy, Leapfrogging France and England

Earlier this month, World Gold Council chief market strategist John Reade said he expects gold to shine in 2018, and one of the primary reasons will be rising income growth in China and India. A report recently published by the Centre for Economics and Business Research lends support to Reade’s prediction. According to the 2018 […]

Yukon Cornelius Silver and Gold – A SchiffGold Christmas 2017 (Video)

Merry Christmas & Happy Holidays It’s been another wonderful and eventful year for all of us here at SchiffGold. These are truly some of our favorite seasons with Thanksgiving, Hanukkah, Kwanzaa, Christmas, New Years and other’s that bring family together to find joy in the holiday season and hopes for the new year to come. […]