Peter’s Blog

Peter Schiff got into a heated debate on CNBC this afternoon when he explained why he thinks now is a good time to buy gold. The floor traders couldn’t wrap their heads around Peter’s suggestion that the Federal Reserve might launch a new round of quantitative easing in the next year. Instead, they insisted that […]

While visiting Athens, SchiffGold President Mike Freedman spoke with two Greeks about their country’s economic crisis. One had voted “yes” in the July 5th referendum, while the other had voted “no.” His conversations were eye opening and hold important lessons for America. Find Mike’s personal thoughts on the matter below.

Could America go the way of Greece? Most people don’t seem to think so. In fact, proposing that US policy could lead to a Greek-like meltdown will still elicit incredulous eye-rolls in most circles. But some of the structural problems that led Greece down her road to ruin already exist in the United States, especially […]

Fund managers are starting to view gold as a bargain. According to Business Insider, in its latest survey of fund managers, Bank of America Merrill Lynch found the majority view gold as “undervalued.” In fact, this is the first time since 2009 that fund managers have marked gold as a good buy. By Bank of […]

I like chocolate. In fact, I like it a lot. That said, I sure wouldn’t pay $150 for a chocolate bar. But apparently a lot of Americans value chocolate about that much, or they simply don’t understand the value of precious metals. A few weeks ago, Mark Dice tried – and failed – to sell […]

Peter Schiff shares his thoughts Greece’s capitulation and acceptance of a third bailout deal from Europe. He reviews some of the other options Greece might have had if it wasn’t run by a socialist government.

Supporters of a $15 per hour minimum wage continue to insist that it won’t impact employment. But the economic problems underlying the Puerto Rican debt crisis tell a different story and provide a possible glimpse into America’s future if the country continues down that path. Last month, Puerto Rico Governor Alejandro García Padilla announced that […]

The financial media latched onto Janet Yellen’s latest statements as further proof that a rate hike will happen this year. Peter Schiff debunks this analysis in his latest podcast, pointing out that Yellen’s phrasing remains as ambiguous as ever. Peter also addresses the latest news out of Greece, where he expects the Greek government to […]

Peter Schiff spoke with Reason TV about the dramatic plunge in the Chinese stock market over the past three weeks. Peter explains how China mimics America’s money-printing economic policy to suppress the strength of the yuan. The effect is similar in both countries – currency inflation, which artificially stimulates investment in stocks. Despite the correction […]

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. I hope this market update finds you well and enjoying summertime. The markets have certainly not lacked for drama this past week. Along with all the […]