Peter's Blog

John Hussman: This Stock Market Bubble Will End in Tears

John Hussman predicted the 2000 and 2008 stock market crashes. Now he’s saying the current stock market bubble will “end in tears.” In a recent note, the Hussman Trust president said the S&P 500 needs to plunge 64% in order to “restore run-of-the-mill long-term prospective returns.”

Oklahoma Woman’s Bag of “Junk Silver” Coins Worth More Than 17 Times Face Value

A bag of “junk silver” given to a woman by her father more than 50 years ago is now worth at least five figures. The Oklahoma woman received a bag of 2,000 silver half-dollar coins as a gift back in 1970. While the face value of the coins is just $1,000, the silver alone is […]

Number of US Corporate Defaults Already Bigger Than Last Year

The number of corporate debt defaults in 2023 has already exceeded the total number of defaults last year. According to data from Moody Investment Services, 55 American-based companies defaulted on loans through the first half of 2023. That was a 53% increase over the total number of defaults in 2022.

Reclaiming the Definition of Inflation

People are confused about the definition of inflation. And because they don’t really know what inflation is, they can’t grasp what’s causing it. Or how to fix it. That’s why it’s imperative that we reclaim the meaning of inflation.

Millennials Investing in More Gold Than Boomers or X-ers

Millennials are buying more gold than Boomers or Gen-X, according to a recent survey. But there’s a catch. Millennials are also more likely to invest in paper gold instead of physical metal.

Fissures in the Economy: SchiffGold Friday Gold Wrap July 21, 2023

Janet Yellen recently said she doesn’t think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn’t think we should put a lot of stock on Janet’s prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening […]

How Do You Get Pure Gold Out of Ore?

If you buy a gold bar or gold coin, you get beautiful, shiny metal. Of course, gold doesn’t come out of the ground that way. Gold ore basically looks like — well — a rock. In order to extract pure gold, refiners put the ore through a multi-step process.

Massive Bank of America Paper Losses Underscore Problems in the Banking System

Four months after the failure of Silicon Valley Bank and Signature Bank, the financial crisis sparked by Federal Reserve rate hikes continues to simmer under the surface. As of the end of the first quarter, Bank of America had over $100 billion in unrealized losses on its bond portfolio. This is the exact problem that […]

More Than 800 Gold and Silver Coins Found in Kentucky Cornfield

A Kentucky man hit the jackpot when he uncovered money in a cornfield. The unidentified man unearthed 741 $1 coins along with a number of $10 and $20 pieces. There were more than 800 coins in the hoard with a face value of well over $1,000. Oh, and the coins were gold and silver, so […]

Shrinkflation: You’re Paying More and Getting Less

We are all keenly aware of price inflation. We notice those rising prices every time we go into a store. But the inflation boogeyman is hitting you even harder than you realize. Not only are you paying more for pretty much everything you buy, you’re getting less. Literally. It’s called shrinkflation.