Peter's Blog

Central Banks & Consumers Buy More Gold & Silver

Russia has added more gold to its foreign reserves, making December the ninth month in a row that it has bought the yellow metal. Russia’s gold holdings are now the largest they’ve been in two decades, according to the International Monetary Fund. Smaller countries have also been stocking up on the yellow metal. Kazakhstan added […]

Turkey: A Microcosm of Gold’s Role in a Modern Society (Video)

The World Gold Council has released a fascinating new report on Turkish gold demand and gold culture. Many gold investors are aware that China and India have been the top gold consumers in the world, but Turkey has a thriving gold economy as well. In fact, Turkey is the world’s 4th largest gold consumer, and […]

Soros and Singer: Central Bankers Drive Income Inequality

The World Economic Forum’s meeting in Davos ended this past weekend, and much of the mainstream news focused on the hypocrisy of the world’s wealthiest individuals discussing the plight of the global economy. Research released by Oxfam in the middle of the conference shows that the richest 1% own 48% of the world’s wealth. Politicians […]

Peter Schiff Exposes Obama’s Misstate of the Union (Audio)

Peter Schiff gets a bit riled up in his latest podcast while responding to Obama’s State of the Union Address. Of course, Peter has good cause to get upset as he picks apart the outright lies in Obama’s speech, including Obama’s claim that he has reduced America’s debt and that the middle class lifestyle is […]

Precious Metals Are Back in the Spotlight

As of this morning, gold is up more than 10% and silver is up more than 16% since the beginning of the year. Gold stocks have also been strong, especially in the mining sector. While the S&P 500 has dropped about 1%, the Arca Gold Miners Index is up nearly 25%. Unsurprisingly, the mainstream financial […]

Weakness Is Not Strength. European QE Will Impoverish the People (Video)

Peter Schiff appeared on RT this morning to share his opinion on the ECB’s announcement of a new quantitative easing program.

ECB Joins the Phony Money Party to the Tune of €1.1 Trillion

The European Central Bank (ECB) will begin a new quantitative easing (QE) program in March. The central bank announced this morning that it would buy at least 1.1 trillion euros worth of euro-denominated bonds from governments and private institutions across Europe. It will begin its monetary manipulation at the rate of €60 billion a month, […]

China Will Abandon the Dollar and Destroy American Purchasing Power (Video)

Peter Schiff appeared on Bloomberg TV yesterday to explain why China is going to be forced to remove its peg to the dollar, just as Switzerland abandoned its euro peg. When this happens, the big losers are going to be American citizens, while Asians will likely enjoy a higher standard of living.

Peter Schiff: Obama Doesn’t Understand How Economies Grow (Video)

Peter Schiff appeared on CNBC World earlier this week, continuing his crusade of warning the financial media that central bank money printing is ultimately going to be a disaster for the economy. He also commented on President Obama’s hopes of raising capital gains and inheritance taxes. Peter slammed the president for his fundamental lack of […]

Faber’s On-Air Rant: CNBC Loves Central Banks (Video)

Marc Faber appeared on CNBC’s Futures Now yesterday to encourage investors to get into gold. His reasons are the same as Peter Schiff’s – 2015 could be the year that the markets lose confidence in central banks’ ability to artificially prop up the economy. In fact, he strongly believes that gold could rise 30% this […]