Peter's Blog

Is a Significant Drop in Gold Production on the Horizon?

During the Denver Gold Forum last September, the chairman of the World Gold Council said he thinks the world may have reached peak gold. That is the point where the amount of gold mined out of the earth will begin to shrink every year, rather than increase, as it has done pretty consistently since the […]

Gold Demand Surges in China as Production Sags

The Chinese are buying gold again after a slump in consumer demand last year. Meanwhile, Chinese gold production is falling. According to data released by the China Gold Association, gold demand rose 15.5% through the first three quarters of 2017. Demand totaled 815.9 tons, pushed upward by a resurgent jewelry market.

It’s a Phony Debate: Jim Rickards Weighs in on Bitcoin Vs. Gold

Financial guru Jim Rickards weighed in on the Bitcoin vs. gold debate and came down firmly on the side of the yellow metal. In fact, he’s said there really shouldn’t be a debate. Bitcoin and gold are two totally different things. Rickards responded to a recent note published by Goldman Sachs declaring that Bitcoin is not […]

US Savings Rate at Lowest Level Since the Great Recession

Americans are spending money, but it appears they are dipping into their savings to do it. According to data released by the US Bureau of Economic Analysis, savings last month fell to a level not seen since 2007. The 3.1% rate in September was the lowest since it dipped to 3.0% in December 2007. In […]

In Fed We Trust…Or Do We?

There’s been a lot of focus on the Federal Reserve lately. Earlier this month, the central bank launched efforts to shrink its balance sheet after years of quantitative easing. Most analysts also expect one more interest rate increase this year. Then there is rampant speculation about who will take the reins at the Fed when Janet […]

Some Doubt about the Economic Benefits of GOP Tax Reform

There’s a lot of optimism out there that passage of the Trump tax plan will juice the economy. Many analysts say tax cut optimism is one of the factors that continue to push stocks up, and that has created headwinds for gold and silver. But as we’ve pointed out, there are reasons to question this mainstream […]

The QE Zombie Walks Among Us: SchiffGold Friday Gold Wrap Podcast Oct. 27, 2017

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: Who the Heck Is She?

One day, a kid and his dad were walking along the shore of Battery Park in New York City. Looking out across the water, the kid spies the Statue of Liberty in the distance. “Hey dad,” the kid says, tugging on his father’s arm with one hand, pointing at the statue with the other. “Is […]

Quantitative Easing Lives on in the EU

Central bank quantitative easing is a little like a zombie. It dies – but it never really dies. There’s been a lot of focus on the Federal Reserve raising interest rates and unwinding its balance sheet. Sometimes it’s easy to forget the Fed isn’t the only game in town. While most people consider QE dead […]

Alabama Bill Would Exempt Gold and Silver Bullion from Sales Tax; Help Encourage Its Use as Money

A bill prefiled in the Alabama House for the 2018 session would exempt the purchase of gold and silver bullion from state sales and use tax, encouraging its use and taking the first step toward breaking the Federal Reserve’s monopoly on money. Rep. Ronald Johnson (R-Sylacauga) prefiled House Bill 19 (HB19). The legislation would exempt the gross […]