Peter's Blog

China’s Role in Shaping the Future of Gold Markets

Gold’s phenomenal year so far is thanks in part to foreign central banks buying the yellow metal. With BRICS nations expanding their membership and growing in prestige, superpowers like China will likely turn to gold to escape the collapsing dollar.

Schiff on Commodity Culture: The Mainstream is Wrong on China

Yesterday Peter joined host Jesse Day on his show, Commodity Culture, to discuss the upcoming election, the historic decline of the dollar relative to gold, and a possible return to quantitative easing. They also devote time to global affairs, namely recent violence in the Middle East and movement in the Chinese equity market. 

Will China Be the First Domino in a Global Collapse?

The increasingly desperate, secretive Chinese Communist Party may be powerless to stop the combination of downward trends which, upon passing an event horizon, could trigger a global collapse as the world’s second-largest national economy continues to edge closer to the brink.

“Deal’s Off,” Canadian Officials Tell China

China’s recent attempt to secure a rare earth minerals stockpile ended in failure when a competitor stepped in to snag the deal. Vital Metals, a mining firm based in Australia, announced Monday that minerals collected from its Saskatchewan-based Nechalacho Project will remain within Canadian borders.

Saudi Arabia’s De-dollarization Explained

The longstanding US-Saudi petrodollar agreement is unraveling, with Riyadh inching towards diversified currency deals including the yuan. Our guest commentator sheds light on the history and present challenge to the petrodollar, and what this means for US dollar decline.

Chinese Central Bank Halts Gold Acquisitions

China has called quits on its 18-month gold buying spree, causing precious metal prices to stumble this week as the world’s largest buyer unexpectedly closes its tab. In 2023, the People’s Bank of China purchased more gold than any of the world’s other central banks, swelling its reserves of the precious metal to more than […]

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.”