Peter's Blog

Official Unemployment Is a Big Lie

Jim Clifton of Gallup, CEO of one of the largest public polling companies in the world, has published a severe indictment of the official unemployment data reported by the United States Department of Labor. Obama and Wall Street cite the 5.6% unemployment rate as a triumph of the American economic recovery, while conveniently ignoring the […]

America Is Like Greece Writ Large

In his latest commentary from Euro Pacific Capital, Peter Schiff delves into the repercussions of the political and economic drama playing out in Greece. Peter explains why the newly elected Greek government feels it holds a position of power as a debtor nation in today’s upside down economic climate. Peter also draws similarities between the […]

Chinese Banks Likely to Join Gold Fix for First Time

The London Gold Fix is a nearly 100-year-old price-setting system for the international price of gold. Beginning in March, one or more Chinese banks may be included in the pool of fix participants for the first time ever.

The Fed Tries and Fails to Debunk the Gold Standard

Last month, the Federal Reserve Bank of St. Louis published an essay that supposedly debunks the idea that a monetary gold standard can stabilize and improve economies. The piece is blatant propaganda that returns to the same excuse central bankers always use to discredit the gold standard. Namely, that tying a currency to gold prevents […]

United States GDP Growth Is Only Going to Get Worse (Video)

Peter Schiff explains the sharply lower GDP growth in the fourth quarter of 2014 and shares his predictions for 2015. Peter asks the ultimate question that everybody seems to be ignoring – How can analysts expect the United States to experience better GDP growth in 2015 when they also expect the Federal Reserve to raise interest […]

This Month in Gold – January 2015

German Central Bank Continues Gold Repatriation Bundesbank – Germany’s central bank, the Bundesbank, increased its transfer of foreign gold reserves back into Germany in 2014, bringing 120 metric tons to Frankfurt. 85 of those tons came from the New York Federal Reserve. This repatriation process began in January 2013, when the Bundesbank announced a plan […]

Tom Woods & Peter Schiff on America’s Economic Future (Audio)

Tom Woods interviewed Peter Schiff this week. Woods is a senior fellow at the Mises Institute, a New York Times bestselling author, and a well-respected voice of Austrian Economics. He and Peter had a friendly conversation about the broader economic problems facing the world and what investors can do to prepare.

Gold Is Money. Dollars Are Debt.

Last fall, SchiffGold Precious Metals Specialist Dickson Buchanan attended the Gold Standard Institute’s conference in New York City. In this article, Dickson explains the philosophy of Keith Weiner, founder of the Gold Standard Institute (GSI). Like Peter Schiff, Weiner is deeply concerned about the destruction of the US dollar by the Federal Reserve’s monetary policies […]

Chinese Yuan Becomes One of Top 5 Global Currencies

The Chinese yuan became one of the top five payment currencies in the world in November, according to the latest data from SWIFT, one of the largest international interbank transaction companies. The yuan jumped from seventh to fifth place, overtaking the Australian and Canadian dollars. With the yuan accounting for 2.17% of global payments, it […]

Economic Weakness Will Trigger Canadian Gold Rush (Video)

Canadian television network BNN spoke with Peter Schiff about the US economy and the potential for gold in Canadian dollars in 2015.