Peter's Blog

Gold at 5-Year Lows; Great Buying Opportunity (Video)

Gold fell to about $1,090 an ounce last night after the biggest single-day decline in its price in two years. It is now hovering around $1,110 an ounce. Market consensus is that the sharp drop in price was triggered by major selling in the Shanghai gold market by gold speculators. The drop in price is […]

How Socialism Destroyed Puerto Rico, and How Capitalism Can Save It

This article is written by Peter Schiff and originally published by Euro Pacific Capital. While Greece is now dominating the debt default stage, the real tragedy is playing out much closer to home, with the downward spiral of Puerto Rico. As in Greece, the Puerto Rican economy has been destroyed by its participation in an […]

Demand for Physical Gold and Silver Spikes In the Midst of Economic Uncertainty

Demand for physical gold and silver has surged over the past two months, with mints around the world reporting robust sales in the midst of the Greek crisis and warning signs in other economies. According to US Mint figures, the sale of 1-ounce American Gold Eagles more than quadrupled, jumping from just 13,500 coins sold […]

China Announces 5th Largest Gold Holdings in World

The People’s Bank of China (PBOC) announced today that it’s gold holdings have grown by 57% to about 1,658 metric tons. This is the first official update to China’s gold reserves since 2009. China’s gold reserves are now the fifth largest of any country in the world and sixth when you include the holdings of […]

Markets Are Wrong Again: QE4 & Higher Gold on Horizon (Video)

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 […]

Live from Athens: Interviews with Greeks about the Crisis (Video)

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.

American Pension Systems Looking Increasingly Greek

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 Finally View Gold as Undervalued

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 […]

$150 for a Hershey Bar? (Video)

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 […]

The Real Reason Greece Folded (Audio)

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.