Peter's Blog

Could China Be Secretly Building Up Its Gold Reserves?

Could China be secretly pumping up its gold reserves? Officially, the People’s Bank of China hasn’t added any gold to its hoard since October 2016. But some analysts don’t think the Chinese have stopped accumulating gold. They think they’ve just gone silent. 

Focus on Fundamentals: Chinese Gold Production Drops in First Half of 2018

Gold production in China fell nearly 8% year-on-year in the first half of 2018, according to data released by the China Gold Association. China ranks as the world’s leading gold producer.

Peter Schiff Digs Down to the Root Cause of the Trade Deficit Problem

In last Friday’s podcast, Peter Schiff talked about the potential impact of the trade war, arguing it could prick the US bubble economy. As a follow-up, in his latest podcast, Peter talked more about why a trade war could be worse for the US economy than most pundits seem to think, and he dug down […]

Peter Schiff: Could the Trade War Prick the Bubble Economy?

There was a lot of trade war talk at the end of last week. In fact, on Friday, some pundits said the trade war officially began. Last Thursday, President Trump said the US may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods, and a round of tariffs went into effect. […]

Greenbacks and Gold: SchiffGold Friday Gold Wrap 06.22.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Russia Dumping US Treasuries, Buying Gold

The Russians are dumping US Treasuries and buying gold. As we reported earlier this week, the three largest holders of US Treasuries are not in a buying mood. In fact, they’re selling. The Japanese disposed of $12.3 billion in US debt. Meanwhile, Chinese Treasury holdings fell by $5.8 billion. The Federal Reserve has shed about $70 billion in […]

Kyrgyzstan Is Buying Gold to Shield Itself from the Trade War

What do you do if one of your biggest trading partners is embroiled in a trade war and the other faces economic sanctions? Buy gold. That’s exactly what Kyrgyzstan’s central bank is doing. 

Who Is Buying US Treasuries?

The Japanese and Chinese aren’t buying US Treasuries. In fact, both countries reduced their holdings in April. According to the US Treasury Department, the Japanese disposed of $12.3 billion in US debt. Meanwhile, Chinese Treasury holdings fell by $5.8 billion. This could be a troubling development for the US government as it scrambles to fund its […]

Focus on Fundamentals: Revival in the Chinese Jewelry Market

The Chinese gold jewelry market reversed three years of declines in 2017, marking its first gain since a 2013 boom. According to a report released by the World Gold Council, the modest increase in gold jewelry demand last year could mark a return to sustained growth thanks to continued efforts to reinvigorate the industry through innovation, […]

Fundamentals Point To Healthy Growing Gold Market (Video)

World Gold Council chief market strategist John Reade recently talked to Commodity TV about the current state of the gold market and what he sees in the future. Reade cast an optimistic tone, saying the supply and demand fundamentals point toward a healthy, growing gold market moving forward.