Peter's Blog

El Salvador Finally Buys Gold

After its Bitcoin-buying spree, El Salvador has made its largest gold purchase in over three decades, diversifying its holdings into real money. Across the world, Bitcoin evangelists are joining central banks and funneling capital into history’s one and only hard money asset. If they were smart, El Salvador would trade all their so-called “digital gold” […]

Why Gold is A Manipulator’s Nightmare

From 2003 to 2014, Deutsche Bank manipulated the daily price of gold. In the past, they set gold prices in conjunction with four other banks through phone calls, and they positioned themselves before releasing the prices to the public. Of course, this archaic means of price-setting was done away with, but this situation showed gold […]

Schiff on VRIC Media: Hike Rates, Back Gold, Dump Bitcoin

In a recent VRIC Media interview, Peter lays out a straightforward critique of modern monetary policy and the political choices driving today’s economy. He connects low interest rates, tariffs, and misguided enthusiasm for crypto to a brewing misallocation of resources, and points listeners toward gold and real assets as sensible hedges. He starts by taking […]

One Goal, Two Outcomes: Norwegian and Turkish Inflation Targeting Case Study

In a positive turn of events for the Turkish people, yearly inflation reached the lowest it has been in 4 years: 33.5%. This might seem like a laughable accomplishment, but given the turmoil of the Turkish Lira over the past decades, it is a huge positive step. In complete opposition to this, the Norwegian Central […]

Schiff on Capitalcosm: Central Banks Are Dumping Dollars for Gold

Peter recently joined Danny on the Capitalcosm YouTube channel to lay out a connected story about reserve shifts, rising interest rates, and an overstated economic optimism at the top. He argues that foreign central banks are moving out of U.S. dollars into gold, that America’s record debt is starting to show in higher yields, and […]

UBS Increases Gold Forecast

UBS recently increased its March 2026 gold forecast by $100 to $3600. As much as regulatory entities try to make gold take a back seat, everyone else seems to recognize its huge value added to any investment portfolio. The continuing acceleration of the Dollar’s decline is a huge factor in the UBS gold increase projection. […]

Q2 Gold Demand Tops 1,200 Tonnes

Gold’s momentum refused to cool in the second quarter of 2025, with total demand—over-the-counter trades included—hitting 1,249 tonnes, up 3 percent year-on-year. In dollar terms the jump was far more dramatic: US$132 billion changed hands, a 45 percent leap to an all-time quarterly record. The London Bullion Market Association (LBMA) afternoon fix set a fresh […]

Japan’s Inflation Problem Is Cornering Its Central Bank

As the west muddles through murky economic waters, many call on the Federal Reserve to hold off a recession. But, as our neighbors to the east show us, central banks are highly constrained in what they can actually accomplish, and more inflation isn’t the right move.

What the AI Boom Means for Precious Metals

We are living through the early stages of a technological revolution, and Wall Street is salivating over artificial intelligence. AI is being hailed as the new electricity: a transformative force destined to rewire nearly every industry, capital flows, and the very nature of human productivity itself. 

New ECB Report: Gold Surpasses Euro as Second Most Important Reserve Asset

In a report released yesterday by the European Central Bank, new data revealed that gold is now second only to the dollar as the world’s preferred reserve currency. This revelation follows a year where gold prices soared to historic highs, surpassing the inflation-adjusted peak of the 1979 oil crisis. This renewed enthusiasm for gold coincides […]