Peter's Blog

Political Rhetoric vs. Economic Reality

Just over a week ago, President Trump delivered the State of the Union speech. The president gave a speech with a decidedly optimistic tone. This was certainly welcome with the increasingly fractured and divided American political landscape. But it’s important to focus beyond the political theater and take a hard look at where the US economy […]

Peter Schiff: Republicans Offer Free Lunch Then Stick Us With the Bill (Video)

It was interesting watching people on the left side of the political spectrum become practically giddy as the stock market tanked on Monday. It seems they couldn’t wait to pin the collapse on Donald Trump. Of course, the president has set himself up to take the fall by constantly taking credit for this bubble economy. […]

“He Who Has the Gold Makes the Rules” and Russia Is Getting the Gold

Remember the golden rule: He who has the gold makes the rules.” And the Russians have the gold. Or at least they are in the process of getting it.

Fake Financial News Clueless About Why Stock Market Tanked

It turns out Friday’s 666-point Dow Jones plunge was just a prelude. On Monday, the Dow suffered its largest-ever drop in terms of points. It was down 1,600 at one point and ultimately lost 1,175.21 points, a 4.6% decline. According to Reuters, declines for the benchmark S&P 500 index and the Dow Jones Industrial Average were […]

When the Going Gets Tough, Germans Buy Gold; And Germans Are Buying Gold

As the Brisbane Times puts it, “When the going gets tough, Germans Buy Aussie Gold.” And they are doing it now. Last fall we reported on Germany’s budding love affair with gold. It appears this is more than just a one-night fling. 

Report: Gold Can Enhance Performance of Long-Term Funds That Include Alternative Assets

Gold can serve as an important diversifier and increase returns for “buy-and-hold” investors such as pension funds, endowments, insurance companies and sovereign wealth funds.

Corporations Drunk With Debt Thanks to Easy Money Punch Bowl

They call it the business “cycle” for a reason. Cycles repeat. As Peter Schiff pointed out in a recent podcast, the financial crisis was triggered by rising interest rates on the debt that had been accumulated in the years prior as a result of the Federal Reserve keeping interest rates at 1% for a year-and-a-half and then […]

The Wind That Will Topple the Economic House of Cards: SchiffGold Friday Gold Wrap 02.02.18

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: That “Secret” Bitcoin Deal You Made Could Come Back to Haunt You

This hasn’t been a great week in the cryptocurrency world. Facebook announced it is banning all ads that promote cryptos, including Bitcoin. According to Zuck’s people, Facebook has to protect users from “financial products and services frequently associated with misleading or deceptive promotional practices.” By that rationale, Facebook should probably ban all political advertising. At any […]

Gold and Guns

It’s no secret that 2017 was a down year for the precious metals market in the United States. Looking at US Mint sales figures tells the story. In 2016, the mint sold nearly 1 million ounces of American Gold Eagles. Sales figures in 2017 came in at just over 302,000 ounces. Meanwhile, demand for gold surged […]