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China continues to increase its central bank gold holdings, and other countries are following suit. The world’s largest bullion consumer upped its stash of the precious metal another 1% in August. Bloomberg reports the hoard rose to 54.45 million troy ounces in August from 53.93 million ounces a month earlier, according to data released by the […]
A terrible jobs report was released on Friday, triggering a dramatic day on Wall Street. Peter Schiff reviews the numbers and analyzes the market’s reaction. He also shared some insight into why financial reporters are no longer reporting on the poor manufacturing numbers.
As we reported a couple of weeks ago, mining companies worldwide face increasing obsticals, and analysts expect gold production to drop for the first time since 2008. Now Bloomberg provides us with a concrete example of the struggles facing many gold mining operations. According to the largest industry lobby group in the country, gold producers […]
SchiffGold has a new tool to help you analyze the price of gold, silver, and platinum in real time. It also provides you with the detailed information you need for in-depth historical research. The new SchiffGold Price Charts page features an easy to read, live table with up-to-the-minute precious metals pricing. But the tools on […]
The Federal Reserve Bank of Atlanta’s GDPNow estimate released today reveals a terrible early forecast for third quarter gross domestic product (GDP) growth. It’s especially bad when compared to Wall Street expectations. The GDPNow model puts Q3 2015 GDP growth at 0.9% – that’s a 50% drop from just three days ago. The Atlanta Fed […]
Just hours before Congress passed a funding bill last night, David Stockman appeared on CNBC to explain why the United States needs to experience a dramatic government shutdown. He argues, like Peter Schiff, that US debt is a massive bubble waiting to burst. Though one of the CNBC anchors agreed with him, another argued that […]
The demand for physical silver is absolutely through the roof. The mainstream media has finally caught up with a story we began reporting on back in July. Yesterday, Reuters reported booming worldwide demand for silver coins: The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales […]
Investors have withdrawn a record amount of gold from the Shanghai Gold Exchange over the past year, signaling a steady increase in demand in the world’s largest gold consuming country. Bloomberg reported the most recent numbers: Withdrawals jumped 37% to 1,891.9 metric tons through Sept. 18 from 1,380.9 tons a year earlier, according to data on the […]
Every week, various government agencies trot out economic facts and figures, and every week, the media breathlessly reports the “good news.” Here is some of the news beyond the news reported by the mainstream media over the last week. As USA Today reported, consumer spending and personal income rose last month. But while Commerce Department […]
Following up on his recent arguments with Scott Nations on CNBC (watch them here and here), Peter Schiff compiled a new collection of his 2006 warnings of a housing crash. The parallels between then and now are striking. Just as financial news anchors laughed at Peter in 2006 when he predicted what would become the […]
