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Peter's Blog

Get the latest headlines, market analysis, and original content from SchiffGold.

Posts Tagged: “economic sanctions“

March 3, 2022 Key Gold Headlines

Bank Run in Russia as People Try to Access Cash

As economic sanctions began to put a stranglehold on the Russian economy, long lines formed at banks and ATMs as everyday people tried to pull cash from their bank accounts. A Russian economy expert from the Foreign Policy Research Institute called it “a full-fledged bank run.”

March 1, 2022 Original Analysis

Could Economic Warfare Backfire on the US?

Economic sanctions serve as a powerful foreign policy tool for the US government. But could this ultimately backfire on the US? Over the last several years, many countries have made a concerted effort to limit dependence on the US dollar. The economic warfare waged against Russia reveals exactly why.

September 25, 2018 Key Gold Headlines

EU Announces New Payment System to Circumvent US Economic Sanctions

The EU has announced it will create a special payment channel to circumvent US economic sanctions and facilitate trade with Iran. Last month, German foreign minister Heiko Maas called for the creation of a new payments system independent of the United States. The announcement Monday sets that plan in motion.  

September 5, 2018 Key Gold Headlines

Iranians Turning to Gold as a Currency Crisis Grips the Nation

With hyperinflation gripping Iran and sanctions strangling the economy, Iranians are beginning to turn to gold to make everyday transactions, most notably to pay their rent. The Iranian rial has depreciated rapidly since the US announced its withdrawal from the 2015 nuclear deal and the reimposition of economic sanctions. After the US formally announced it […]

August 31, 2018 Key Gold Headlines

Russian Lawmaker Calls for Creation of Gold-Backed Cryptocurrency to Circumvent Sanctions

A Russian lawmaker has suggested his country should develop a gold-backed cryptocurrency for payment of arms exports and other goods as a way to circumvent Western sanctions and limit his country’s dependence on the dollar-based global banking system. Vladimir Gutenev serves as first deputy head of the economic policy committee at the State Duma – […]