Peter's Blog

Physical Gold Immune to Flash Crashes

Yesterday a British stock trader was arrested on criminal fraud charges for stock market manipulation. The Commodity Futures Trading Commission and the United States Department of Justice accused Navinder Singh Sarao of single-handedly triggering the “flash crash” of May 2010. During this crash, the Dow Jones Industrial Average plunged about 600 points in just minutes, […]

China May Announce Its Gold Reserves Are 2nd Largest in World

According to Bloomberg Intelligence, China’s gold bullion reserves may have tripled since its last official report in 2009. Bloomberg estimates that the People’s Bank of China could now own as much as 3,510 metric tons of the metal. If true, China now has the second largest store of gold in the world, following the United […]

Druckenmiller: Fed Policy Is Extremely Short-Sighted (Video)

There are very few investment professionals voicing concern about the Federal Reserve’s easy monetary policies nowadays. Most economists still believe the Fed will likely raise the Fed Funds interest rate in June, or at least by September. The financial media takes it as a given that the United States economic recovery remains relatively robust, while […]

Economic Fact & Fiction: Disney World & Paul Krugman (Audio)

Peter Schiff just returned from a family vacation and starts his latest podcast by discussing his observations about Disney World. He goes on to review the latest economic data. Finally, Peter picks apart Paul Krugman’s latest commentary, which is largely a response to German Finance Minister Wolfgang Schauble’s rational, conservative economic advice.

The Fed’s Dangerous Trickle-Down Monetary Policy

The Daily Bell interviewed Peter Schiff last week and published the first half of their conversation yesterday. Peter explained why the United States economy isn’t recovering and why he blames the Federal Reserve. Peter also answered a slew of other questions. Does Janet Yellen know that the Fed’s monetary policies have been destructive, or is […]

Gold Forecasts Turning Bullish; Gold at $1,500 by 2017

Many global banks and precious metals analysts are now forecasting that gold has seen its bottom and will be moving higher in the coming years. The timeframe varies from institution to institution, but the consensus seems to be that the price of gold in dollars will rise significantly after 2015. Very few expect it to […]

The US Economy Needs to Rebuild from the Ground Up (Video)

Peter Schiff spoke with Graham Ledger about why the United States economy will only truly recover when the Federal Reserve completely abandons quantitative easing and zero-percent interest rates. Unfortunately, Peter thinks this is highly unlikely due to the political ramifications. Raising interest rates to normal levels right now would likely pop the current stock market […]

Bad Weather Over, but Bad Economic News Keeps Coming (Audio)

Currency traders have been blaming the weak first quarter GDP on poor weather. Peter Schiff argues that they’re going to have to start looking for new excuses, because April data is starting to trickle in and it doesn’t look good at all.

China Finally Stops Fighting the Stock Market

China’s gold demand has exploded in the last few years as the Chinese government continued to liberalize its domestic gold market. Last year, foreign banks were given gold import licenses for the first time, and China opened a handful of new gold exchanges. However, China’s economic evolution stretches well beyond precious metals, as the West […]

Gold Will Return as Money in Next Generation (Video)

In his keynote address to the Mines and Money Hong Kong conference, Doug Casey shared his predictions for the future of the world economy and the mining industry. Casey is a well-respected economist and seasoned, expert analyst of the precious metals industry. His economic viewpoint aligns with Peter Schiff’s, and he believes that the astronomical […]