Peter's Blog

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.

Axis of Gold: Countries Could Undermine Dollar Dominance Using Yellow Metal

Last week, we explained how economic sanctions on Iran could boost the price of gold as Iranians turn to the yellow metal as a way to skirt restrictions. In a recent article published by the Daily Reckoning, financial expert Jim Rickards put this in a broader context. He described an evolving “axis of gold” as […]

Could Rising Interest Rates Crush Stock Market Dreams? SchiffGold Friday Gold Wrap 04.27.18

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.

Imports of Gold into China via Hong Kong Surged Last Month

Imports of gold into China via Hong Kong surged in March, rising 78.67% compared to February. The amount of the yellow metal moving into mainland China via Hong Kong rose to 59.4 tons in March, up from 33.25 tons in February, according to data emailed to Reuters by the Hong Kong Census and Statistics Department. 

In a World Drowning in Debt the US Stands Out

In a world drowning in debt, the US stands out, according to the International Monetary Fund. Global debt has reached record levels. According to a recent IMF report, the world has amassed $164 trillion of debt. That comes to 225% of global debt to GDP, levels not seen since the peak of the 2008 financial […]

The Petroyuan Is For Real

Late last month, China finally launched its much anticipated yuan-denominated oil futures contract. Many analysts think this is yet another sign that the mighty dollar’s world dominance is coming to an end.

Turkish President Fires Another Shot in an Escalating War Against the Dollar

Turkey went on a gold-buying spree in 2017 and that trend continued in the first two months of 2018.  Turkish President Recep Tayyip Erdoğan likes gold and it’s pretty clear the president has been pushing Turkey’s central bank to buy gold and reduce foreign currency reserves in an effort to move away from dependence on […]