Peter's Blog

Slower US Mint Sales Are Keeping Coin Premiums Low

Even as central banks buy more gold than ever, coin premiums have been driven lower throughout the retail precious metals market. One of the big factors: is disappointing sales from the US Mint.

Can China’s Real Estate Market Survive Evergrande?

The collapse of Chinese real estate giant Evergrande is being called, by some, China’s “Lehman Moment.” Whether or not it will be enough to trigger a cratering of China’s broader economy, it’s a massive reality check for a country that has transformed itself over the decades with unprecedentedly massive urbanization and economic growth. Evergrande, since […]

Ten Recurring Economic Fallacies, 1774–2004

In a compelling guest piece by American historian H.A. Scott Trask, various economic myths are scrutinized and debunked through insightful historical analysis. The article delves into #10 prevalent misconceptions, providing a nuanced understanding of economic principles. Similar to other reality-based historians, Trask’s perspective serves as a valuable guide in dispelling lies and fostering a more […]

Money Supply Growth Continues to Support the Stock Market

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.

Inflation’s Impact: The Penny’s Plunge into Irrelevance

It’s no surprise to readers of this site that metals are often worth more than fiat currency. Gold, silver, and other precious metals are known for their value. But sometimes fiat currency can’t even compete with zinc.

Why Americans Don’t See A Healthy Economy

The US economy is bloated. Years of massive spending and stimulus fed government bureaucracy and elites, but left behind record-high debt and stagnant income for everyone else. It’s no wonder Americans don’t see a healthy economy. Our guest commentator delves into this disconnect.

Peter Schiff: Booming Stock Market Mirrors Dot-Com Bubble

This week Peter covers the highlights of a volatile trading week, paying special attention to Nvidia, Wall Street’s favorite AI stock, and Newmont Corporation, a heavy hitter in the gold mining industry. Both companies’ shares experienced dramatic price action this week, with NVDA gaining $260 billion in market cap and pulling the market up after an excellent earnings […]

Is a Weak Yen Feeding the Global Gold Bull?

The gold price has been surging, with unprecedented central bank demand gobbling up supply. It has been a force to behold — especially as US monetary policy has been relatively tight since 2022, and 10-year Treasury yields have rocketed up, which generally puts firm downward pressure on gold against USD. 

ESG Collapsing? The Latest on Corporate “Environmental, Social, Governance”

ESG, or “Environment, Social, and Governance,” is the new feel-good buzzword in the halls of global corporations and megabanks. It’s a PR push to cloak morally disastrous firms in a veneer of social and environmental responsibility — lip service — but at the end of the day, I believe the market will speak. 

Comex Delivery Volumes Reach Highest Levels in Months

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more details on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).