Peter's Blog

Paper & Physical Gold Rush from West to East; $1500 by Year End?

The week began with a surge in the price of silver, giving the white metal its biggest two-day gain since 2011. Now this morning, Bank of America Merrill Lynch reported the largest one-week inflow into precious metals funds on record – $4.1 billion in the week ending Wednesday. The combination of the Brexit and the […]

Privately Minted Silver Coins Were Legitimate Money in the 1800s

In the early 1830s, an eastern Kentucky man named Josiah Sprinkle started minting his own coins and circulating them around the area. Eventually, government officials got wind of Sprinkle’s operation and arrested him. But he was ultimately found not-guilty in court. How did a man minting his own coins escape the long arm of the […]

Debt Is Dragging Down American Consumers

In May, we reported on the rising level of credit card debt in the US after the Wall Street Journal reported that credit card balances are on track to hit $1 trillion this year. Now we have evidence it might be even bleaker. A study released in June by CardHub reveals US consumers did worse […]

The Glories of Socialism in Venezuela: The Sound of Hungry Stomachs (Video)

In the United States, Bernie Sanders has built a political movement selling the glories of Democratic Socialism. Young Americans eager for the handouts promised by Sanders have flocked to the Vermont Senator in droves. Meanwhile, Venezuelans labor under the realities of Bernie’s economic vision. VICE News put together a short video showing the realities of […]

It’s Time to Give a Little Thought to Silver

In a CNBC interview last week, PureFunds CEO Andrew Chanin pointed out that a lot of people don’t really think about silver. Well, it might be time to give the white metal a little thought. Silver has risen along with gold since the Brexit vote, and it went into hyper-drive Sunday. The metal rose 8.6% […]

The Founding Fathers Preferred Real Money – Gold and Silver

The following article was originally published at the Tenth Amendment Center. The founding generation generally took a dim view of paper money. In a letter to Edward Carrington, Thomas Jefferson wrote, “Paper is poverty.  It is only the ghost of money, and not money itself.” Today, some investors are embracing the views of the Founders, recognizing […]

Mainstream Getting Bullish on Gold with Rate-Cut Talk

In his Gold Videocast earlier this week, Peter Schiff said the Federal Reserve will likely use turmoil in the markets following the Brexit vote as an excuse not only to renege on its much anticipated rate-hike, but to cut rates and launch QE4. In fact, Peter was saying the Fed would end up cutting rates […]

Most Americans Believe the Economy Is Rigged; They’re Right

Do you believe the economy is “rigged?” If you do, you’re not alone. A new poll by Marketplace and Edison Research found that a staggering 71% of Americans believe the economy is rigged. The poll based its findings on answers to this question: which of the following comes closer to your opinion on the economic […]

Congress Passes Rescue Bill But Puerto Rico Will Still Default

Even with Congress giving final approval to a bill that will allow Puerto Rico to restructure its debt, the US territory will default on a $13 billion general-obligation debt on July 1. A $1.9 billion payment in principle and interest is due Friday. Puerto Rico will renege on the payment to bondholders despite a constitutional […]

Peter Schiff: If You’ve Been Waiting to Buy Gold and Silver the Wait Is Over (Video)

If you’ve been waiting to buy gold and silver the wait is over. In his most recent Gold Videocast, Peter Schiff looks at how the price of silver has just surged to a high it hasn’t seen since January of last year. In the aftermath of Brexit, Peter takes this as a good sign that […]