Peter's Blog

Slow Burn: SchiffGold Friday Gold Wrap Podcast June 4, 2021

With some positive economic data coming out this week, investors suddenly went bullish on the economy again and decided that the Fed is surely going to deal with inflation now. Will it though? In this Friday Gold Wrap Podcast episode, host Mike Maharrey speculates about the Fed’s next move. He also looks ahead and talks […]

Traders Starting to Realize High Inflation is Bullish for Gold

For months, the markets have responded to inflationary pressures by piling into dollars and selling gold. They’ve taken this counterintuitive approach because they believe the Fed will tighten monetary policy to fight inflation sooner rather than later. But we’re starting to see a shift in sentiment. Traders seem to be realizing that inflation might be […]

Peter Schiff: Gold Cracks $1,900 as Inflation Tax Destroys Purchasing Power

Gold pushed above $1,900 an ounce near the end of the trading day Tuesday (May 25) and closed just below that level. Silver also had a strong day, up about 22 cents, closing just below $28 an ounce. Meanwhile, the dollar index headed in the opposite direction, closing an 89.66. That’s the lowest level for […]

The Big Pivot? SchiffGold Friday Gold Wrap Podcast May 21, 2021

After last week’s hotter than expected CPI data, gold sold off, following a pattern we’ve seen over the last few months. But in the last week, gold has rallied, knocking on the door of $1,900. In fact, there has been a broader pivot in the market that could indicate the mainstream is ready to face […]

Surprise! Not! SchiffGold Friday Gold Wrap May 14, 2021

CPI came in much hotter than expected. Fed Vice Chairman Richard Clarida actually said, “We were surprised by higher than expected inflation data.” But should we really be surprised by this? In this episode, Friday Gold Wrap host Mike Maharrey talks about inflation and suggests maybe you shouldn’t be shocked. He also discusses the whacked-out […]

The War Against Your Wealth: Interview With Investor and Author E.B. Tucker

What is the government doing to your money? And how can you protect yourself? These are key questions facing every American today. In this interview, Friday Gold Wrap Podcast host Mike Maharrey tries to dig out some answers with investment veteran and author E.B. Tucker.

Dollar’s Share of Global Currency Reserves Hits Lowest Level in Over 25 Years

Last week, we reported that the Russian National Wealth fund was dumping dollars and turning toward gold. The Russians have engaged in an intentional de-dollarization policy for several years. But it appears this could be part of a broader global move away from the greenback. The dollar’s share of global currency reserves dropped significantly in […]

Russian National Wealth Fund Turning to Gold, Dumping Dollars

The Russian Finance Ministry has given the green light for the Russian National Wealth fund to diversify and invest in gold and other precious metals. According to a report by RT, this is part of a broader move to de-dollarize the wealth fund.

At Some Point You Gotta Pay the Piper: SchiffGold Friday Gold Wrap March 26, 2021

Every time the economy gets into trouble, governments and central banks react the same way. They slash interest rates and loosen monetary policy.  This gooses the economy — temporarily. But when the next crisis comes, it takes an even bigger dose of extraordinary monetary policy to revive the economy. The Fed has pushed things into […]

Peter Schiff: When Paul Krugman Talks, Nobody Should Listen

The latest Biden/Democrat stimulus bill is just the beginning. There is more government spending coming down the pike. That means more money printing. But Paul Krugman says not to worry. It didn’t cause a big jump in CPI last time and it won’t this time either. Peter Schiff talked about it in his podcast. He […]