Peter's Blog

Peter Schiff: Rate Hikes on the Horizon? 

Peter’s back to recap the last week in markets and economic news. This episode starts with April’s dismal stock performance and also discusses Jerome Powell’s most recent appearance. Peter wraps up the episode by recounting the Bitcoin debate he participated in on Friday.

Peter Schiff Debates: You Don’t Need to Reinvent the Wheel with Gold

On Friday, Peter participated in an exhilarating debate over the merits of gold and Bitcoin. Professor of economics Nouriel Rabini joined Peter to debate Erik Voorhees and Anthony Scaramucci, two proponents of Bitcoin. They cover a lot of ground in their 2+ hour debate, so be sure to watch the full video on Peter’s youtube channel.

What Will CBDCs Mean for Gold?

With the eventual introduction of central bank digital currency (CBDCs) now seemingly inevitable, there are a lot of directions central banks could take with their digital currency projects that would have dramatic implications for the price of gold.

Falling Full-Time Jobs Points Toward Recession

In April, the U.S. economy added a disappointing 175,000 jobs, falling short of expectations and nudging unemployment up to 3.9% (see current trends here). This signals a slowing economy that might force the Federal Reserve to put the guard rails back on. Our guest commentator gives a deeper look at a worrisome trajectory: while part-time […]

Jobs: Household Report is Way Below a Weak Headline Number

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the headline number, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.

Inflation Brewing: Is Coffee the Next Cocoa?

Cocoa prices have dumped since rocketing to a dramatic peak last month as an El Nino cycle winds down and traders rush out of the illiquid market. For now, depreciating fiat currencies are still keeping the cocoa price still far above its 2023 levels. Coffee has had a similar rise and subsequent correction — but now, inflation and other factors are conspiring to […]

New Peter Schiff Interview: Gold, not Bitcoin, is the Solution to National Debt

Last week Scott Melker interviewed Peter on The Wolf of All Streets podcast. They have a friendly discussion about Bitcoin’s future, the differences between gold and crypto, and the overlap in the crypto and precious metals movements.

California’s Single-Family Zoning Exemplifies the Market-Intervention Problem 

California’s government bet that they knew better than the free market. And now millions are paying the price. The story begins in 1919, when the city of Berkley, California instituted legislation setting aside districts that would only allow the construction of single-family housing. The idea spread, and soon much of California’s urban areas had adopted the zoning policy. Today, approximately 40% of the total land in Los Angeles is […]

“Safe Haven” Yen Trending Towards Zero Against Gold

The yen was once known as a safe-haven currency for investors to protect themselves when broader markets are shaky or other currencies are dropping, but those days are numbered. A stable government and consistent (and low) interest rates have been some of the driving factors, but it’s the unwinding of that ultra-low interest rate policy that will be the yen’s “safe […]

The Technicals: Something Else is Driving Gold

This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks).