Peter's Blog

Gold Line Dismissed of Criminal Charges

How’d they do it? By agreeing to pay up to $4.5 million to its former, disgruntled customers. Gold Line was taken to California’s Superior Court after 19 consumer complaints were filed as a lawsuit in Santa Monica. Gold Line was accused of “bait and switching” customers, by luring them in with catchy bullion prices, then […]

No Easy Fix for Gas Prices

This month, as unleaded gasoline prices increased for 17 consecutive days (to a national average of $3.647 per gallon – up 11% thus far this year) and West Texas Intermediate crude joined Brent crude in breaking through a $100 per barrel level, energy prices emerged as a full blown political issue. While President Obama conveniently […]

This Month in Gold – February 2012

Gold Again Above $1,700 on Fed’s Extended Zero-Rate Pledge Reuters – Gold rallied hard on January 25, climbing 2.5% intraday to above $1,700 an ounce, on news that the Fed is extending its promise to maintain near-zero interest rates until late 2014. The Fed’s previous low-rate pledge was set to expire in mid-2013. The rally […]

The Wonderful World of Gold in One Graphic

NumberSleuth.org took on the ever interesting task of breaking down the life of gold, including where it is, who has it, and where it’s going. Some of the facts pulled from this beautiful graphic are astonishing. Did you know that all the gold in the world could be broken down to 5 golden rings per person […]

Keynesians Jump The Gun on Inflation

Advocates of government stimulus are running victory laps on recent developments that appear to vindicate their strategy. In particular, Paul Krugman compares the sluggish growth in Europe to the somewhat-less-sluggish growth in the US to prove that stimulus was more effective than austerity. Other economists are using government inflation measures to defend Fed Chairman Bernanke’s […]

The Currency Wars Interview

Though much has happened in the gold market this month – notably, a Fed pledge that has awakened the sleeping bull – we wanted to take a step back and shed some light on what is fundamentally driving the precious metals market today. A Wall Street pro named James Rickards recently released his first book, […]

Ag-ony for Silver Buyers in Michigan

What is with people purchasing very important investments in shopping plaza parking lots?! I must stress that skepticism is your best friend when loading up your car at the local Target or Wal-Mart and you’re approached by a bullion dealer. The chances of a legitimate bullion salesperson meandering through the lot selling legitimate silver are […]

This Month in Gold – January 2012

Will European Sovereigns Have to Sell Their Gold? MarketWatch – To make ends meet, European sovereigns may soon have to dig deep into their pocketbooks and jettison some of their gold reserves. At 2,452 tons, Italy enjoys the world’s fourth-largest gold reserves. Current value: $123 billion. Rome’s budget deficit for 2011: $80 billion. France, meanwhile, […]

Waist Deep in the Big Muddy

With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying the US dollar. In a misguided attempt to provide clarity and transparency, Ben Bernanke has instead laid out a simple road map for economists and […]

The Better Business Bureau Exposed

As gold scams pop up around the country and world we are providing you information in order to help you avoid becoming a victim of the scams. This time around it’s not the precious metal dealer that is scamming you. It’s the one rating the deceitful precious metal dealer. Peter Schiff talked this month on […]