Peter's Blog

Building Houses on Rotten Foundations: SchiffGold Friday Gold Wrap 11.16.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Is the Air Coming Out of Housing Bubble 2.0?

Peter Schiff put it pretty bluntly in a podcast last week. We don’t have a booming economy. We have bubbles. And it looks like the air is starting to come out of some of those bubbles. We see signs of trouble, particularly in interest rate-sensitive sectors such as real estate. As just one example, home sales in […]

Gold: The Best House in a Bad Neighborhood

Generally, when the mainstream talks about gold, you get a negative spin. So, whenever I see anybody in the mainstream talking positively about the yellow metal, I sit up and take notice. Well, MarketWatch had some positive things to say about gold recently, calling it “the best house in bad neighborhood” for 2019.

Drop in Credit Card Spending Could Signal Problems in Economy Built on Consumer Debt

Americans took on another $10.9 billion in debt in September, according to data released by the Federal Reserve. That pushed total consumer debt to a seasonally adjusted $3.95 trillion. American indebtedness is growing at a 3.3% rate. But there are signs that American credit card borrowing is slowing down and that’s not good news in […]

Economy Rolling Over: Focus On Housing And Tariffs

As the stock market was tanking last month, Peter Schiff said a recession is obviously coming. Now things have calmed down a little bit and everybody seems convinced October was just a bad month —  a needed correction. But as Peter has been saying, there are some fundamentals everybody is ignoring that look really bad. […]

Jerome Powell Is Trump’s Scapegoat

Federal Reserve Chairman Jerome Powell has become Pres. Donald Trump’s favorite scapegoat. As “his” stock market gets more and more volatile, Trump needs somebody to blame — especially during election season. The Fed chair makes the perfect target.

I Ain’t Got a Crystal Ball: SchiffGold Friday Gold Wrap 10.19.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Report: Increasing Global Risk Highlight’s Gold’s Relevance

On Oct. 10, the IMF released its Global Financial Stability report, highlighting increased levels of risk revealed by a number of global metrics. Just after the report was released, stocks in the US, Europe and Asia lost 4%, 3% and 4% respectively over three days. As a recent investment update released by the World Gold Council […]

Peter Schiff: We’ve Had a Sale on Gold for a Long Time; It’s About to End

The stock market has been rocked over the last week but gold has rallied.  In his most recent podcast, Peter called gold “the real standout in the market.” The price of gold finally woke up — or traders work up and notice how cheap gold is.”

Federal Government Posts Largest Deficit in Six Years

The federal debt spiral continues. The 2018 fiscal year ended Sept. 30 and the US government closed out the year with its largest budget deficit since 2012. Uncle Sam ended 2018 $779 billion in the red, adding to the ballooning national debt.