Peter's Blog

Did an AI-Generated Bloomberg Report Just Send Berkshire Hathaway to Zero?

Trading on the NYSE has just been halted due to a ”technical glitch” that sent Berkshire Hathaway to zero, and they’re claiming it’s because of issues with the limit up and limit down bands that are used to halt trading when a stock becomes too volatile. But as ZeroHedge is reporting, it may actually be […]

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 […]

AI Boom Could Boost Demand for Precious Metals

The boom in AI could mean a boom in industrial demand for precious metals in 2024. Metals Focus, an independent precious metals research consultancy, released a note recently that said it expects the increased demand for chips powering AI technology to drive “widespread support for a range of precious metals bearing components.”