Peter's Blog

The Global Economy Almost Collapsed Twice in Last 18 Years – That’s Why You Buy Gold (Video)

Last week, James Rickards explained to CNBC why he is a long-term holder of gold bullion. He pointed to the pattern of financial collapses that threatened the global economy over the past two decades. In the late ‘90s, Wall Street bailed out a hedge fund. In 2008, the Federal Reserve bailed out Wall Street. But […]

Big Investors Have a Gold Gleam in Their Eyes

A lot of big-time investors are turning bullish on gold. Last month, Stanley Druckenmiller publicly advised investors to sell US stocks and buy gold. Legendary hedge fund manager Paul Singer said “it makes sense to own gold.” Even George Soros has jumped on the gold bandwagon, recently selling stocks and buying gold. Other mainstream investors […]

Fed Will Sacrifice Dollar on the Altar of the Stock Market (Video)

Peter Schiff appeared on CNBC this week with a dire warning on America’s economic future – “It’s gonna be awful!” Do you guys remember the financial crisis of 2008? Did you think that was bad? This is going to be worse.” Peter said this time around, we’re not looking at a financial crisis. We’re staring […]

We Don’t Have a Wage Problem; We Have a Money Problem

On June 7, the Washington DC Council voted to raise the city’s minimum wage to $15 per hour. DC joins New York and California, along with a number of major US cities that have made the move to boost the minimum wage over the last year. The DC Council’s vote was a major symbolic victory […]

News Flash: Gold Demand Surging in Great Britain in Advance of Brexit Vote

The British have gotten gold fever. According to a Reuters report, uncertainty surrounding the upcoming Brexit vote is driving quite a gold boom: At Sharps Pixley, a gold showroom in London’s smart Mayfair district, demand for bullion bars and coins is rising, with men and women of all ages buying up the safe-haven metal in […]

Former Bank of England Head Offers Some Good Reasons to Buy Gold

In an interview with the World Gold Council for the latest edition of Gold Investor, former Bank of England head Lord Mervyn King made the case that it’s sensible for central banks to buy and hold gold. Interestingly, the reasons he offered are good reasons for individual investors to buy gold as well. King addressed […]

A Major Red Flag in the Jobs Market Few People Are Talking About

The shockingly bad May jobs report dumped a bucket of cold water on central bankers and mainstream pundits. A June interest rate hike that was a foregone conclusion just a week ago disappeared like a teenager when it’s time to do the dishes. Suddenly, a lot of people are starting to realize the great Obama […]

The Federal Reserve Has Checked Us Into a Monetary Roach Motel (Video)

With May’s shockingly bad jobs report, it’s pretty much a forgone conclusion that a June Federal Reserve rate hike is off the table. After the report came out Friday, Peter Schiff stuck a fork in the June hike possibilities in his SchiffReport Video Blog. Now with the June rate almost certainly a no-go, pundits are […]

Presidential Election a Sign Economy Is in a Mess

Economists say election uncertainty is subduing economic growth. But it seems more likely the horrible economy is driving this strange election cycle. For months, Peter Schiff has been saying if the US isn’t already in recession, it will be in one soon. Former Reagan Office of Management and Budget Director David Stockman recently told Neil […]

May Jobs Report Shockingly Bad

This article was submitted by JD Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Last Friday, the BLS released its jobs report for the month of May. It was shockingly bad. In light of the strike on Verizon, a relatively […]