Peter's Blog

Bailout Nation: SchiffGold Friday Gold Wrap March 20, 2020

It’s been another week of selloffs in the markets. It’s not just stocks. Everything is selling off. The only thing really gaining right now is the US dollar. Meanwhile, the government is promising bailouts for all. In this episode of the Friday Gold Wrap, host Mike Maharrey looks ahead at the possible ramifications of all […]

The Real Crash Is Here

On Wednesday, March, 18, Peter Schiff did a live episode of his podcast and took questions for over four hours. In a nutshell, Peter made the case that the real crash is here. He covered a wide range of topics relating to the ongoing and ever-evolving coronavirus crisis.

Peter Schiff: Oil Price Drop Will Be Short-Lived

Oil prices crashed early this week as Russia and Saudi Arabia launched a full-blown price war. The big drop in the price of oil pulled stocks down yet again, with the Dow Jones losing over 2,000 points. But in an interview on RT, Peter Schiff said he thought the drop in oil would prove to […]

Peter Schiff Doubles Down on the Dollar

Last year at the Vancouver Resource Investment Conference, Peter Schiff bet Brent Johnson a gold coin that the Fed’s next move would be a rate cut. At this year’s conference, Peter collected his gold coin. Brent and Peter went on to debate the future of the US dollar. Brent says the dollar will go up […]

Bridgewater: Gold Could Push Above $2,000 as Fed Ignores Inflation

Peter Schiff has been saying the Federal Reserve is going to let the inflation monster loose and this is going to be good for gold. Some people in the mainstream are starting to pick up on this theme. During a recent interview with the Financial Times, Bridgewater Associates co-chief investment officer Greg Jensen said gold […]

US Foreign Policy, Oil and the Dollar

The war drums have quieted for the time being. But while the threat of a hot war seems to have diminished, economic warfare continues. President Trump announced another round of economic sanctions on Iran. We have written extensively how about how the US weaponizes the dollar and uses it as a foreign policy tool. This […]

Central Banks Keep Right on Buying Gold

Globally, central bank gold reserves charted another healthy gain in October as they continue their quest to diversify reserves away from the US dollar. Central banks added another net 41.8 tons of gold to their reserves in October, according to the latest data from the World Gold Council.

Gold Set to Join the “All-Time Highs Club” — Bloomberg Intelligence

Gold is poised to join the “all-time-highs” club in the upcoming decade. No, this isn’t the musing of some gold-bug. It’s analysis from a pretty mainstream source — Bloomberg Intelligence. Stocks have set new records over the last several weeks and the dollar hit 2-year highs this fall. But writing in the commodity outlook, Bloomberg […]

Central Bank Gold-Buying Spree Shows No Sign of Letting Up

The central bank gold-buying spree shows no sign of letting up as countries seek to diversify their reserves away from the US dollar. Globally, central banks added another net 47.5 tons of gold to their reserves in September, according to the latest data from the World Gold Council. There were no significant gold sales by […]

Dollar’s Share of Global Currency Reserves at 6-Year Low; Yuan’s Share Biggest Ever

The percentage of US dollars held as currency reserves globally dropped to the lowest level in nearly six years in the second quarter of 2019 according to the latest IMF data. Meanwhile, Chinese yuan made up the biggest percentage of reserves ever. The dollar’s shrinking share of global reserves comes as countries like Russia and […]