Peter's Blog

China Is Now the World’s Largest Economy and It Wants More Gold

China has officially surpassed the United States as the largest economy in the world, based upon economic output as measured by the International Monetary Fund. China’s production of real goods and services will touch about $17.6 trillion this year, while the US will produce $17.4 trillion. This gap will continue to grow, according to the […]

Peter Schiff Defends the Many Uses of Gold (Video)

Peter Schiff was on RT’s Boom Bust to talk about the latest jobs figures, the price of oil, the Swiss gold initiative, and the many uses of physical gold.

Liberty Dollar Creator Receives Lenient Sentence; Silver Returned

More than three years ago, a jury found Bernard von Nothaus guilty for “making, possessing and selling his own coins,” which Nothaus had dubbed the Liberty Dollar. This week, a judge has passed a very lenient sentence on Nothaus despite pleas for a long prison term from the prosecution. More importantly, the judge ruled that […]

Santelli & Schiff: The Truth of Inflation & Fed Policy (Video)

Peter Schiff and Rick Santelli spoke today about Peter’s latest article published in the Washington Times. Read the article and then watch the video below. Recent statements by Federal Reserve officials would lead just about anyone to believe that one of the bank’s central missions has always been to guard against the lurking threat of […]

Gold Videocast: Swiss Franc No Longer a Safe Haven; Time to Build Your Own Gold Standard (Video)

In December’s Gold Videocast, Peter Schiff responds to the Swiss voters’ rejection of the “Save Our Swiss Gold” initiative. He explains why the results of the referendum spell the end of a stable Swiss franc, but also the long-term success of gold. With no truly sound, safe-haven currencies left in the world, both Swiss and […]

Peter Schiff to CNBC: High Inflation Never Benefits an Economy (Video)

This afternoon, CNBC Europe asked Peter Schiff about the effects of low oil prices on the European economy. Peter used the opportunity to explain why the governments of Europe, the United States, and Japan are all playing the same game: claiming inflation is good for the economy, when in fact it just allows politicians to […]

How Do Terrible Holiday Sales Indicate a Strong Economy? (Audio)

No one can deny how poor retail sales were this past holiday weekend. Yet the media is spinning this news as proof that the United States economy is improving. In his latest Schiff Radio podcast, Peter Schiff picks apart this ridiculous narrative by looking closely at retail figures, media reports on the phenomenon, US box […]

Indian Eases Strenuous Gold Import Rules

India – once the world’s largest gold consumer – has eased restrictions that had limited its gold imports and allowed China to overtake it in gold consumption. The so-called “80:20 rule” has been dropped, which required gold importers to reexport at least 20% of their imported gold. The rule was supposed to shrink a high […]

This Month in Gold – November 2014

Swiss Vote “No” on the “Save Our Swiss Gold” Initiative Wall Street Journal – Swiss voters voted down the Swiss gold referendum that would have forced the Swiss National Bank to hold 20% of its assets in gold. About 78% of voters were against the initiative, which was heavily opposed by the SNB and much […]

The Bigger Picture of the Swiss Gold Initiative (Audio)

Mises Institute President Jeff Deist interviewed Claudio Grass, Managing Director of Global Gold, about the Swiss gold initiative taking place this Sunday. Grass provided insights into the mind of the average Swiss citizen, while discussing the following topics: What might the growing gold repatriation movement mean for the ECB and the Fed? Is hostility against […]