Peter's Blog

Poor Wages = Poor Economy; Fed’s Evans Expects It to Get Worse

Mainstream analysts continue to tout an economic recovery based upon new jobs, but are now starting to worry about stagnant wage growth. One popular excuse for this is “pent-up wage deflation.” The argument goes that since businesses didn’t cut wages during the financial crisis, they are now refraining from raising them. A new op-ed in […]

Global Debt Spinning Out of Control

Economic commentator Jeremy Warner has published a new piece in which he argues that the world economy is overwhelmed with public and private debts. He believes one of the only ways out of this dire economic situation is some form of mass default across the globe. Warner writes: You might have thought that a financial […]

Peter Schiff on Renouncing US Citizenship – Gold Videocast

In 2014, a record number of Americans renounced their United States citizenship for the second year in a row. Even though exit fees are rising, more and more people are willing to jump through hoops to escape the American tax man. Indeed, our Chairman Peter Schiff even relocated one of his companies to Puerto Rico […]

New Tech Era or New Tech Bubble? (Video)

On CNBC last night, Peter Schiff debated Wayne Kaufman, Chief Market Analyst at Phoenix Financial Services. Is the NASDAQ in bubble territory today? Kaufman argues that the tech landscape is completely different than it was in 1999. Peter counters that a bubble always looks different than the last one when you’re in the middle of […]

Income Inequality and the End of the Gold Standard

Income inequality has been a hot topic since the bailouts of the big banks following the 2008 financial crisis. A recent article from National Public Radio’s Planet Money shines a light on the history of the trend, which has only gotten worse in the past few years. Beginning in the Great Depression, and continuing until […]

Greenspan: Credit the Fed for Bubbles, but Not Weak Economy (Video)

In his latest video blog, Peter Schiff briefly reviews last week’s negative economic data. He then looks at a recent public interview with Alan Greenspan, who believes that the US economy is not nearly as strong as everyone would like to believe. While Greenspan blames this on Congress, he simultaneously credits the Federal Reserve for […]

Gold Is and Will Always Be a Safe-Haven Asset (Video)

Jessica Fung, Commodities Analyst for BMO Nesbitt Burns, explained her firm’s belief that gold has always been and will always be a safe-haven investment. Fung sticks to the mainstream perspective that the Federal Reserve is still planning to raise interest rates in 2015, though she does admit that BMO now predicts the Fed is going […]

3D Silver Circuit Printing for Consumers and More Silver News

Explore the latest exciting developments in the silver industry with the February edition of Silver News. Its front-page story covers how silver nanowires are being explored as an alternative to widely-used indium tin-oxide. Once testing is complete, silver could become even more essential to the manufacturing of touch-screens, plasma televisions, and other common electronics. Perhaps […]

This Month in Gold – February 2015

Chinese Gold Demand Outpaces World Production Forbes – More than 315 metric tons of gold were withdrawn from the Shanghai Gold Exchange from the beginning of January to mid-February. During the same period, only 300 tons were newly-mined around the globe. The gold demand came in preparation for the Chinese New Year, the country’s biggest […]

Stocks Are in a Bubble and the Fed Knows It (Video)

Peter Schiff appeared on RT last night to discuss Janet Yellen’s testimony, the Federal Reserve’s schedule for raising interest rates, the direction of the US economy, and stock buy backs that indicate a bubble in the stock market.