Peter's Blog

VIX – The Calm Before the Storm

The VIX, often referred to as ‘Wall Street’s fear gauge,‘ is currently portraying a sense of calm among investors, registering well below the 20 level. 

Getting Physical: Why Bullion Has Outperformed Gold Stocks

Gold prices have been on a tear, with bullion prices ripping upward since the outbreak of war in the Middle East late last year. While mining stocks have gone up as well, physical gold has been leaving them in the dust:

Peter Schiff: The Economy May Already Be in Recession

Recent data have many cheerful about the economy. But according to Peter in his latest podcast, the economy may already be in recession. Here are some of Peter’s biggest causes for concern:

The Value of Diamonds Sinks as Gold Stays Strong

Valentine’s Day is here and you might find yourself buying (or wishing you had remembered to buy) a Valentine’s Day present. A classic romantic present involves gold, diamonds, and sometimes both. And both diamonds and gold seem at first blush to have a lot in common.

Four States Consider Lifting Taxes on Precious Metals

Citizens of Georgia, Kentucky, Wisconsin, and Kansas may soon enjoy lower taxes on precious metals if recently introduced pro-metal bills are made law in 2024.

Janet Yellen Bets $2T that Rates Will NOT be Higher For Longer

A Major Trend Change  In 2023, the Treasury added $2.6T to the national debt. While that number alone should be enough to scare anyone, the details reveal something even more concerning. $2T of it, or 77%, was financed entirely with short-term Treasury Bills maturing in less than a year. The chart below shows the debt […]

The Fed to Force Healthy Banks Into a Sinking Lifeboat

Federal regulators are plotting a course that could see America’s sturdiest banks tied to a sinking lifeboat. This plan, designed to compel banks to use the Federal Reserve’s discount window, aims to normalize the act of reaching for this financial lifeline amidst turbulent seas.  It’s as if the Fed is asking the healthiest swimmers to […]

Bonds Away: Rate Cuts and Junk Debt in 2024

After a delicate dance of interest rate increases, Jerome Powell has declared victory on inflation and says to expect looser monetary policy this year. But with junk bond spreads not widening nearly as much as one would expect during an era of economic tightening, you’ve got to wonder if money is still actually looser than the Fed’s […]

Middle East Uncertainty and Its Effects on Global Markets

As the conflict continues to accelerate in Gaza and beyond, 2024 is set for a somewhat terrifying boom in global uncertainty — and will take gold prices with it.

Wildest Inflation Red Flag: Vegas Table Limits

Anyone who has been to a restaurant, a grocery store, or the car lot during the Biden administration can’t deny the reality of inflation. But despite what the federal government is saying about the success of its anti-inflation efforts red flags for inflation keep popping up in the strangest places.