Peter's Blog

$300 Million Lost to Gold Scams Since 2001

There was big news this week, when a Senate committee heard testimony about widespread precious metals fraud since 2001. The activity has picked up significantly since the financial crisis, with conmen targeting people who want to protect their savings from a crumbling US dollar. According to the news, US regulators have done virtually nothing to […]

The Force Is Strong with This One

Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics. Click here for more cartoons and information on his anthology book, available for only $15. Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold Interested in learning about […]

The Gold Price is Fixed. So What?

By Peter Schiff We can’t ignore it anymore – the markets are rigged. The LIBOR scandal broke almost two years ago, and the banks found responsible for manipulating that key index are still dealing with lawsuits. Meanwhile, allegations of gold market manipulation have been simmering for over a decade and grew into an inferno after […]

This Month in Gold – April 2014

Deutsche Bank Resigns London Fix Seat Reuters – Deutsche Bank has resigned its seat on the London gold and silver fixes as part of a larger decision to end the majority of its commodities-related business. Deutsche Bank could find no buyer for its seat, perhaps due in part to a US lawsuit that accuses the […]

New Collectible Rip-Offs from National Mints

Last week, if you were looking for gold coin news, you were likely to come across two stories about the release of brand new collector’s coins being issued by national mints. The Royal Canadian Mint has released silver and gold coins commemorating the canonization of Pope John Paul II. The US Mint has released a […]

The Stealth Rally: Gold Under the Radar

By Peter Schiff So far, 2014 has been a paradoxical year for gold. Many investors aren’t even aware that it has rallied more than 7%. On the rare occasion that the financial media mentions the yellow metal, it is only in the context of comparing the recent rise to last year’s decline. In spite of […]

Inflation is Coming – What to do Now

By Jeff Clark of Casey Research We’ve all heard of the inflationary horrors so many countries have lived through in the past. Developing nations and advanced economies alike – no country in history has escaped the debilitating fallout of unrepentant currency abuse. And we expect the same fallout to impact the US, the EU, Japan […]

The Engine of the Global Economy?

Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics. Click here for more cartoons and information on his anthology book, available for only $15. Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffGold Interested in learning about […]

This Month in Gold – March 2014

Korea Begins Spot Gold Trade Wall Street Journal – The South Korean stock exchange has started trading physical spot gold for the first time, hoping to increase tax revenue from the yellow metal. South Koreans trade about 110 tons of gold every year, of which about 70 tons, worth $3 billion, are traded on the […]

Gold Scammer BUSTED!

There was big news last week in the precious metals industry. Anthony Columbo and his companies (Premier Precious Metals Inc., Rushmore Consulting Group Inc., and PPM Credit Inc.) were banned by the FTC from selling precious metals “investment opportunities.” The FTC charged Columbo with swindling millions of dollars from investors through hard-sell telemarketing schemes. The […]