Peter's Blog

Global Gold Production Plateaued in 2017; Chinese Production Hit Record Low

Gold supply plateaued last year. Global mine output rose just a paltry 5.7 tons in 2017, according to data compiled by the World Gold Council. That represented the smallest increase since 2008.

“He Who Has the Gold Makes the Rules” and Russia Is Getting the Gold

Remember the golden rule: He who has the gold makes the rules.” And the Russians have the gold. Or at least they are in the process of getting it.

Chinese Gold Consumption Surged in 2017; Production Fell

Gold consumption in China grew 9.41% in 2017, according to information released by the China Gold Association. Gold jewelry demand, especially in poorer regions, helped drive overall demand higher. The Chinese consumed 1,089 tons of the yellow metal last year. The South China Morning Post called the surge in demand “a big turnaround” after a […]

Ominous Signs from China and Strong Gold Demand: SchiffGold Friday Gold Wrap 01.12.18

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.

Whistling Past the Graveyard: Peter Schiff Talks Stock Market and the Economy (Video)

The stock market has continued its upward trajectory through the first two weeks of the new year. In fact, the market has only seen one down day since Jan. 1. Peter Schiff appeared on The Street and opened things up with a bang, calling investors “Oblivious.” Peter reiterated a message he’s been preaching on his […]

Warning Bell? China May Stop Buying US Debt

Ding. They say bells never ring when markets hit the top. But maybe they do and people just don’t listen. Yesterday, Bloomberg reported China may slow or even stop its purchase of US Treasuries. In other words, a major source of US government debt financing may be pulling out. This comes at the same time […]

India Set to Become World’s Fifth Largest Economy, Leapfrogging France and England

Earlier this month, World Gold Council chief market strategist John Reade said he expects gold to shine in 2018, and one of the primary reasons will be rising income growth in China and India. A report recently published by the Centre for Economics and Business Research lends support to Reade’s prediction. According to the 2018 […]

Tax Cuts! But We’re Still Going to Pay: SchiffGold Friday Gold Wrap 12.22.17

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.

Peter Schiff: I Think the Dollar’s Woes Are Going to Continue in 2018 (Video)

US equities are at an all-time high. Investors are bullish about the future. A lot of people are excited about the potential for economic growth with the passage of GOP tax cuts. There’s a lot of optimism. In a recent interview on The Street, Peter Schiff said he thinks 2018 may start out the same, but he […]

A Nightmare Before Christmas: China Set to Launch Yuan-Denominated Oil Contracts

China wants to dethrone the dollar and it could take a step in that direction before the end of the year. According to numerous reports, China is prepared to launch a yuan-denominated oil futures contract before Christmas. Last week, the Shanghai International Energy Exchange successfully completed a fifth round of yuan-backed oil futures testing. According to […]