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Peter's Blog

Get the latest headlines, market analysis, and original content from SchiffGold.

Posts Tagged: “CBDC“

April 10, 2025 Guest Commentaries

Caution Ahead: The ECB’s Digital Euro is On Its Way

With Europe reeling from Trump’s trade war and discussions already underway for expanding European debt, the continent is seeking to reduce its dependence on the United States. The next step in the EU’s expansion of power? A digital euro.

February 12, 2025 Original Analysis

Jerome Powell Rejects CBDC, Has No Plans for Rate Cuts

Federal Reserve Chair Jerome Powell made a definitive statement during Tuesday’s Senate hearing, affirming that as long as he remains at the helm, the Fed will not develop its own digital currency. During his semiannual testimony on monetary policy and regulation, Powell was asked by Sen. Bernie Moreno (R-Ohio) if he would commit to forgoing […]

June 25, 2024 Original Analysis

WaPo: No Matter Who Gets Elected, Expect More Debt

An article in yesterday’s Washington Post assured readers that no matter who wins the 2024 US presidential election, we can count on massive expansion of the national debt to be among the common denominators. The article looked at a recent report from the Committee for a Responsible Federal Budget, or CRFB, analyzing the debt increases […]

May 6, 2024 Key Gold Headlines

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.

January 20, 2024 Original Analysis

Never Ending War on Cash

In the last few decades, there has been a global shift towards a “cashless world,” a trend that continues to shape financial autonomy. Physical currency is becoming increasingly rare as the majority of the world’s money supply exists in electronic form. Governments and financial institutions are actively promoting a cashless society, raising concerns about individual […]

October 26, 2023 Key Gold Headlines

European Central Bank Laying Groundwork for Digital Euro

The European Central Bank (ECB) is laying the groundwork to roll out its version of a central bank digital currency (CBDC). According to the ECB’s website, the “preparation phase” for the digital euro begins in November and “builds on the findings from our investigation phase.”

August 8, 2023 Original Analysis

Australia Ratcheting Up War on Cash

Australia has become the front line in the war on cash with an aggressive effort to ring physical money out of the economy. Over the last financial year, more than a billion dollars worth of physical cash disappeared from circulation, according to data released by the Reserve Bank of Australia (RBA). The Australian news service […]

August 4, 2023 Friday Gold Wrap

You Have Questions; We Have Answers: SchiffGold Friday Gold Wrap Aug. 4, 2023

In this special episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listeners’ questions. He covers topics including the precious metals markets, investment strategies, the trajectory of the economy, the future of the US dollar, central bank digital currencies (CBDCs), and more.

July 18, 2023 Original Analysis

Better Get Ready; Central Bank Digital Currency Is Coming

You had better get ready for the world of central bank digital currencies (CBDCs) because they are coming. And they are coming fast. According to a recent survey by the Bank for International Settlements (BIS), as many as 24 CBDCs could be in circulation by 2030.

July 12, 2023 Guest Commentaries

Could States Pave the Way for Currency Competition?

The US dollar is on shaky ground. There is a growing trend toward de-dollarization. Meanwhile, the Federal Reserve is tinkering with the idea of a digital dollar that could give the government unprecedented control over your spending. Given the trajectory of the dollar, it might be a good idea to find some alternatives. In other […]

June 21, 2023 Key Gold Headlines

Alabama Joins Pushback Against a Central Bank Digital Currency

Another state has taken action hoping to hinder the implementation of a central bank digital currency (CBDC) in the United States. Last week, Alabama Governor Kay Ivey signed a bill into law that pushes back against CBDC in a small way that could place some roadblocks in the path toward implementing a digital dollar.