Peter's Blog

China’s RE Crisis: A New Experiment in State Intervention

The real estate market is responsible for anywhere from 20% to over 30% of China’s GDP (depending on who you ask). And with the latest meltdown that began with the implosion of Evergrande, the situation just keeps getting worse, inspiring a slew of government interventions beyond the scope of what would be possible in a […]

What a China-Taiwan Conflict Could Mean for Semiconductors, Gold

American-made weapons will soon be bound for Taiwan, American lawmakers are telling Taiwanese President Lai Ching-te, sending shockwaves of uncertainty through electronics and metals markets this week.

Can China’s Real Estate Market Survive Evergrande?

The collapse of Chinese real estate giant Evergrande is being called, by some, China’s “Lehman Moment.” Whether or not it will be enough to trigger a cratering of China’s broader economy, it’s a massive reality check for a country that has transformed itself over the decades with unprecedentedly massive urbanization and economic growth. Evergrande, since […]

Chinese Investors Turning to Gold

Chinese investors are turning to gold. China Daily called the demand for gold “robust” through the first three quarters of 2023 and said it is expected to continue “as economic and geopolitical uncertainties may drive up investors’ purchases of safe-haven assets.”

Chinese Gold Demand Shows Strong Growth Through First Nine Months of 2023

Chinese gold demand was up 7.3% year on year through the first nine months of 2023. China ranks as the world’s biggest gold market, and Chinese demand has a significant impact on the global gold market.

Are the Chinese Selling Dollars to Buy Gold?

Are the Chinese selling US dollar-denominated assets to buy gold? It sure looks that way.

Gold Hits Record Highs in CNY, JPY

Gold and silver drifted lower this week before a modest recovery Friday morning, which can be put down to bear closing. Meanwhile, gold hit record levels in yuan and yen terms. Here’s a breakdown of this week’s gold and silver markets.

Currency Wars Versus Gold Standards

Russia and the Saudis are driving up oil and diesel prices. But these moves are likely to undermine the rouble more than they undermine the dollar, euro, and other major currencies. Therefore, higher energy prices will rebound on the Russians this winter: if they shiver in Germany, they will freeze in Russia. If the dollar […]

Chinese Gold Demand Improved in August

Chinese gold demand improved on multiple fronts in August. China ranks as the world’s biggest gold market.

Peter Schiff: Government Spending Has Bankrupted the U.S.

Peter Schiff recently appeared on the Capitol Report on NTD News to talk about the state of the US economy. He explained how government spending has created the price inflation Americans continue to struggle with, and how it has bankrupted the United States.