Peter's Blog

The War on Cash: Bye-Bye 500-Euro Note

Well, that didn’t take long. In February, we reported that a former Obama economic adviser/ex-Treasury Secretary had floated the idea of eliminating the $100 bill and the 500-euro note in the escalating war on cash. On Wednesday, the European Central bank announced it will stop producing and issuing 500-euro notes around the end of 2018. […]

Ron Paul: What America Has Today Is Not Free Market Capitalism (Video)

Capitalism appears to be falling out of favor. Socialism is in vogue. Or at least that’s the impression one gets when talking to millennials in America. A recent Harvard University poll shows that more than half of Americans in the 18-29 age bracket oppose capitalism. Ron Paul appeared on RT America’s Boom or Bust show […]

Janet Yellen’s Bluff and Mario Draghi’s Hubris

This article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. The monetary landscape of today looks pretty grim. We are in the middle of the perennial decline in the rate of interest. Central bankers are convinced […]

Billionaire Investor Druckenmiller Blasts Fed; Says Sell Stocks, Buy Gold

Billionaire investor Stanley Druckenmiller didn’t mince words when asked for recommendations at the Sohn Investment Conference. Sell US stocks. Buy gold: The conference wants a specific recommendation from me. I guess ‘Get out of the stock market’ isn’t clear enough.” Druckenmiller went on to sing gold’s praises:

Strong US Jewelry Sales and Other Silver News

This Silver Institute has released its April issue of Silver News. This edition highlights exceptionally strong silver jewelry sales in the US. Silver jewelry sales in the United States were solid in 2015 with 60% of jewelry retailers reporting increased sales, according to a survey conducted on behalf of the Silver Institute’s Silver Promotion Service […]

Puerto Rican Default Shows How Big Government and Easy Money Destroy Economies

As the Wall Street Journal put it, the debt crisis in Puerto Rico entered a “more perilous phase” after the Government Development Bank defaulted on a $422 million payment Monday: The missed principal payment, the largest so far by the island, is widely viewed on Wall Street as foreshadowing additional defaults this summer, when more […]

Doug Casey: Gold’s 18% Rise Is a Small Move – Peter Schiff’s Gold Videocast with Albert K Lu (Video)

Gold has gone up more than 18% this year, but Doug Casey told Albert K Lu this is just a small move. He sees gold going much higher in the next year: I think there’s going be a panic into gold and out of paper currencies. So this small up-move that we’ve gotten here since […]

Venezuela Ups Minimum Wage; Effective Rate a Whopping $13.50 Per Month

So much for that socialist paradise. Last summer we reported that hyperinflation had devalued the Venezuelan bolivar to the point that people were using 2-bolivar notes as napkins. In order to keep up with the rate of devaluation, the Venezuelan government literally flew in 747s full of cash. Now we’ve learned that the Venezuelan government […]

Mike Maloney: Data Screams “Recession Is Here!” (Video)

Peter Schiff has been saying for months that the US is probably already in a recession. In fact, during his April 4 podcast, Peter made the case that the “very massive recession,” Donald Trump predicted has already begun (Scroll down to listen.): Everybody is saying he is nuts because the economy is great. Look at […]

Jim Grant: The Fed Is in the Business of Making Things Worse (Video)

Jim Grant appeared on CNBC’s Closing Bell to discuss the Fed’s latest non-move in interest rates, noting that “it seems awful familiar.” Grant offered a stinging indictment of the Fed’s role in the world, pointing out that central planners simply can’t juggle all of the varying factors in the economy. Every move the Federal Reserve […]