Peter's Blog

Chinese Gold Production Plummets as Demand Increases

As Asia regains its appetite for gold, production in the region appears to be dropping. The trend could ultimately have an impact on global markets. According to a rare report issued by the China Gold Association, the country’s first quarter gold production dropped  9.3% year-on-year, falling from 111.563 tons in Q1 2016 to 101.197 tons […]

Venezuelan President Continues Failed Policy of Minimum Wage Hikes

Venezuelan President Nicolas Maduro has solved the country’s economic problems! On Sunday he raised the country’s minimum wage 60%. CNN called the wage-hike “significant.” “The latest hike brings the minimum wage to 65,021 bolivares per month, up from 40,638. With an additional food stamp hike, that brings the country’s wage to 200,021 bolivares per month. […]

Asia Regaining Its Appetite for Gold

It appears Asia is regaining its appetite for gold. The yellow metal has steadily been migrating from the West to the East over the last few years, with China becoming a more and more dominant player in the world gold market. Traditionally, the two biggest consumers of gold in the world are China and India; […]

Trump’s First 100 Days: A Gold Price Retrospective

With Trump’s first 100 days in office coming tomorrow, the mainstream media is abuzz with proclamations of failure. In terms of real numbers, the first 100 days of any president represents around 7% of their overall term. Some are questioning whether it’s fair to judge a new president from such a small sample. Trump himself […]

The Disconnect Between Stock Market Perception and Economic Reality

This week Nasdaq soared to record highs, cracking the 6,000 ceiling for the first time. The Dow Jones surged as well, gaining 1.1% Tuesday. Earlier this year, the Dow shot above the 21,000 mark and hit record highs 12 days in a row in February. Despite these impressive numbers, there are increasing signs that the economy […]

Dr. Doom: The US Economy Is Terminally Sick

Marc Faber appeared on CNBC Futures Now recently to talk about the impending pop of the stock market bubble. “Dr. Doom” has predicted a 20% to 40% stock market selloff in the near future.The show’s host, along will Scott Nations, pressed Faber on the surging stock market. “If someone piled into stocks in 2012, 2013, 2014 […]

How Much Gold Is There?

How much gold is there in the world? Short answer: not much. That’s good news because gold’s value lies in its scarcity. After all, nobody picks up gravel off the ground and stores it in a safe. But if you find a gold nugget, you can take that to the bank – quite literally. Most people are […]

Trump Tax Plan Looks Good, But Hold the Celebration

Yesterday, the Trump administration rolled out its tax reform plan, or more like an outline for the plan. While it contained a lot of red meat for supporters and plenty of things to like, it lacked some important specifics and faces an uphill battle in Congress.

The Healing Power of Gold and Silver

There is healing power in gold and silver. Both precious metals serve as an investment as well as money. Gold and silver also have technological applications. We recently reported that gold is the new green with a growing number of environmental applications. Today, we focus on some of the amazing developments using gold and silver in healthcare applications.

Gold Demand Expected to Increase with Indian Holiday

An important Hindu holiday will take place on Friday, and Indians are expected to celebrate by rushing to buy gold. Akshay Tritiya ranks as one of the four most important days for Hindus. The word Akshay roughly translates to “the never diminishing”. The day is believed to bring good luck and success. It is also considered […]