Peter's Blog

Monetary Heroin: SchiffGold Friday Gold Wrap 04.19.19

Just a few weeks ago, the mainstream was worried about economic growth. Now, all of a sudden, the mainstream is bullish about economic growth. It seems like the high from the Fed’s monetary heroin has fully taken hold. And it’s not just in the US. In this episode of the Friday Gold Wrap, host Mike […]

China’s Keynesian Experiment

While President Trump nags the Federal Reserve to reinstitute Obama-era monetary stimulus, China has already taken off down that path. And it actually has some people in the mainstream concerned. According to a Reuters report, the Organisation for Economic Cooperation and Development (OECD) is warning that while Chinese government stimulus may boost the country’s economy […]

Central Bank Gold Purchases Hit Highest Level Since 2008

Central bank gold purchases hit a level not seen since 2008 through the first two months of 2019. Central banks added 90 tons of gold in the first two months of this year according to the latest report by the World Gold Council. This compares to 56 tons through the first two months of 2018 […]

China Buys More Gold as It Seeks to Minimize Exposure to the Dollar

China bought gold for the fourth straight month in March, adding another 11.2 tons of the yellow metal to its reserves, according to the latest data released by the People’s Bank of China. With the most recent purchases, the Chinese official gold reserves stand at about 1,884 tons or 60.62 million ounces. The Chinese have […]

The Anything But the Dollar Club

We’ve been following a number of central banks that have been buying gold recently, specifically the Russians and Chinese. But these two central banks aren’t alone. In fact, central bank gold-buying has surged over the last couple of years. What’s behind this trend?

Russia Keeps Right on Buying Gold

Russia continues to buy gold as it seeks to minimize exposure to the US dollar. According to information released by the Central Bank of Russia last week, it purchased another 31.1 tons of gold in February, bringing its total reserves to 2,149 tons.

China Increases Official Gold Reserves for Third Straight Month as Anti-Dollar Push Continues

China added to its official gold reserves for the third straight month in February as the country continues efforts to minimize its exposure to the US dollar. The People’s Bank of China added 10 tons of gold to its horde last month. It has accumulated an additional 32 tons of the yellow metal since the […]

Peter Schiff: America’s Economic Problems Are Self-Inflicted (Video)

Peter Schiff has been talking a lot about the prospects of a trade deal lately. His point: an end to the trade war isn’t going to heal America’s economic wounds. And those wounds? Well, they’re self-inflicted. Peter appeared on RT again on Monday (March 4) to hammer home this point.

The Greatest Deal in the History of Deals? Or Much Ado About Nothing? (Video)

The price of gold dropped last week and stock markets continued to rally. One of the driving factors was optimism that the trade war may be close to its end. As a CNBC report put it, “investors opted for riskier assets on hopes of a thaw in a trade dispute between the United States and […]

Peter Schiff: Chinese Trade Deal Isn’t Going to Make America Great Again (Video)

The US and China are reportedly getting closer to working out a trade deal. The Chinese have indicated they will import more US natural gas, semiconductors and soybeans. Peter Schiff recently appeared on RT to talk about it.  He said that no matter what ultimately comes out of these trade negotiations, it’s not going to […]