Peter's Blog

Perception Is the New Truth: Physical vs. Paper Gold (Video)

Bloomberg Business interviewed Peter Hambro, Chairman and Co-Founder of Petropavlovsk – one of the largest gold mining companies in Russia. Hambro presented physical gold to the Bloomberg anchors, who seemed genuinely dubious as to its value, insisting that gold is for “speculators.” Hambro clarified that “paper gold” is for speculators, and he believes the Comex futures […]

The US Economy Is One Giant Bubble (Audio)

Last weekend, Peter Schiff spoke with Free Talk Live, a nationally syndicated radio show. They discussed the growing student debt bubble, Peter’s imprisoned father Irwin, and the reasons why American businesses are moving to Puerto Rico. You can download the free report they discuss here: The Student Loan Bubble: Gambling with America’s Future. The bubble […]

Empty Vaults Serve as a Warning: Keep Your Gold Close

An apparent gold scam recently uncovered in Austin, Texas, serves as reminder for investors to use caution when dealing with small, unknown companies. According to the Austin American-Statesman, the vaults belonging to an Austin company claiming to store millions of dollars in precious metals for its customers turned up virtually empty.

Comex Update: Plunge in Available Gold for Delivery

The latest update from CME Group shows a huge outflow of gold held for delivery by Comex. There are now less than 6 tons of registered physical gold available for delivery. For every 207 ounces of gold claimed by paper contracts on the Comex market, there is only one ounce of physical gold in Comex […]

US Mint Silver Shortage – An Inside Look (Audio)

SilverDoctors.com interviewed Tom Power, the CEO of Sunshine Minting. Sunshine is one of the biggest suppliers of silver blanks to the United States Mint, which the Mint uses to strike the American Silver Eagle coins. Sunshine also also supplies gold and silver blanks to producers around the world, and has its own line of very […]

Don’t Let a Little Debt Get in the Way of Learning (Video)

When Alexis meets Scott Govinsky (“Everybody calls me Gov”), she’s ready to drop out of college and pursue a small business that has been making her money. Gov convinces Alexis to not only stay in school by taking out a loan, but to go into even more debt than necessary by traveling abroad in Italy. […]

Markets Are Prepared for Wrong Outcome in US Economy (Video)

A couple weeks ago, Peter Schiff joined Fox Business on the floor of the New York Stock Exchange to discuss the possibility of the Federal Reserve raising interest rates. He shared his candid opinion that investors should avoid US stocks and look to foreign markets and gold. Remember, when the year started you had two […]

US Can’t Survive Quantitative Tightening (Video)

In his latest Schiff Report, Peter Schiff tears into the latest non-farm payroll jobs report, which everyone claimed could be the deciding factor for the Federal Reserve to raise interest rates. Peter also discusses the new phenomenon of quantitative tightening, which is the process of foreign central banks selling the US Treasuries they’ve accumulated. [These […]

World’s Top Gold Consumers Keep on Buying

The world’s two leading consumers of gold continue to demand more. Gold imports spiked in India in August, building on a year-long trend, as gold also continued to flow into China. According to the Times of India, 15.78 metric tons of gold were imported into India last month. That compares to 7.2 tons of gold […]

Stock Volatility Is a Precursor to Recession (Video)

Early last week, Newsmax TV interviewed Peter Schiff and Steve Beaman, Chairman of The Society to Advance Financial Education. The had a friendly conversation about the factors that triggered the dramatic fall in Chinese and US stocks. Surprisingly enough, Beaman agreed with much of what Peter said about the Federal Reserve, though he still maintained […]