Peter's Blog

Gold and Silver Blast Off

The following article was written by Mary Anne and Pamela Aden for the November 2010 edition of Peter Schiff’s Gold Letter. October saw gold soaring to record highs while silver shot up even more, reaching a 30-year high. Yes, the stronger phase of the bull market is flexing its muscles. Gold’s exceptional rise has now […]

Gold: Strong Bullish Action

The following article was written by Mary Anne and Pamela Aden for the October 2010 edition of Peter Schiff’s Gold Letter. Gold’s strength is unusual. Just when we thought that gold was taking a breather from its stellar rise, it quickly turned up. Gold has already surpassed its June record high. Its decline through July […]

Keep Your Head above Dollar

By Peter Schiff There has been so much discussion recently about “QE 2” that you would think the entire financial sector were about to embark on a transatlantic cruise. Unfortunately, they, and we, are not so lucky. In the year 2010, “QE 2” doesn’t refer to a sumptuous ocean liner, but a second, more extravagant […]

Fed Mandates Inflation

By Peter Schiff Much of the content of the latest Fed statement, released on September 21, echoes the central bank’s previous post-credit crunch pronouncements: there is still too much slack in the economy, interest rates are still going to be near-zero for an “extended period,” and the Fed will continue to use payments from its […]

Gold Is on the Move

The following article was written by Mary Anne and Pamela Aden for the September 2010 edition of Peter Schiff’s Gold Letter. Gold is looking good. Over the past few weeks, it surged from $1160 to near $1250. That’s an impressive 7.8% monthly rise, and even though gold is rapidly approaching its all time record high, […]

This Month in Gold – September 2010

Gold Demand Jumps 36% as Investors Step Up Purchases of ETFs, Council Says Bloomberg – Private investors and central banks are stepping up purchases of gold-backed ETFs. Concerns about sovereign debt in Europe and the continuing viability of the dollar have sent gold prices up 30% year-over-year. In June, Gold shattered all previous nominal records […]

What’s Holding Gold Back?

By Peter Schiff Gold first broke $1,200 on December 2, 2009; nine months later, instead of witnessing the birth of the full-on gold boom I have long anticipated, the yellow metal has gained a modest 4%. Fortunately, it has spent the summer solidly above $1,150, which should put to rest the claim that we are […]

This Month in Gold – October 2010

Sinai Says Fed’s Statement Means “Gotta Buy Gold” Bloomberg – The FOMC policy statement on Sept. 21 said that inflation too low for the Fed to achieve its dual mandates of price stability and maximum employment. This language was much more aggressive that previous statements, and lays the groundwork for a second round of ‘quantitative […]

The Golden Decade

By Peter Schiff As gold hovers near $1,200 an ounce and pundits speculate about a ‘gold bubble’, it’s important for investors to remember that a mere decade ago the picture was very different. In the year 2000, gold sat at an unimpressive annual average of $279 an ounce – a two-decade low. At that time, […]

Follow the Money

The following article was written by Mary Anne and Pamela Aden for the August 2010 edition of Peter Schiff’s Gold Letter. Gold has been rising steadily for the past decade. In recent years, the rise has gained momentum, in large part thanks to the world’s central banks. “Follow the money” is a secret that smart […]