Peter's Blog

JP Morgan Projects Record Gold Prices in 2024

JP Morgan forecasts $2,000 gold by the end of the year with the price continuing to rise to record highs in 2024. In his latest note, JP Morgan executive director of global commodities research Greg Shearer projects the price of gold will average around $2,175 an ounce by the fourth quarter of 2024. That would […]

Big Drop in Cardboard Box Sales Scream Recession

Good news. The looming US recession has been canceled. Or has it?

What’s Next? SchiffGold Friday Gold Wrap July 28, 2023

The Federal Reserve raised interest rates yet again during its July meeting. So, what’s next? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and the weird messaging, and then speculates about the central bank’s next move given the current economic backdrop. He also talks about a […]

The Fed Follows Its Script and Hikes Again; What’s Next?

I’ll say this about the Federal Reserve: it tends to follow the script. Everybody expected that the central bank would hike rates at the July FOMC meeting, and that’s exactly what it did. The Fed boosted the federal funds rate another 25 basis points to 5.25 to 5.5%.

Fissures in the Economy: SchiffGold Friday Gold Wrap July 21, 2023

Janet Yellen recently said she doesn’t think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn’t think we should put a lot of stock on Janet’s prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening […]

Massive Bank of America Paper Losses Underscore Problems in the Banking System

Four months after the failure of Silicon Valley Bank and Signature Bank, the financial crisis sparked by Federal Reserve rate hikes continues to simmer under the surface. As of the end of the first quarter, Bank of America had over $100 billion in unrealized losses on its bond portfolio. This is the exact problem that […]

Shrinkflation: You’re Paying More and Getting Less

We are all keenly aware of price inflation. We notice those rising prices every time we go into a store. But the inflation boogeyman is hitting you even harder than you realize. Not only are you paying more for pretty much everything you buy, you’re getting less. Literally. It’s called shrinkflation.

Peter Schiff: Dollar Decline Means Lower Inflation Is Transitory

With the June CPI report coming in even cooler than expected, the mainstream perspective seems to be that the Federal Reserve is winning the inflation fight. But in his podcast, Peter Schiff explains why the dollar is telling a different story.

Jim Grant: Rivets Are Popping in the Economy

Can the Federal Reserve navigate a narrow path and slay price inflation while steering the economy to a soft landing? During an interview on CNBC Squawk Box, financial analyst Jim Grant expressed his doubts. He compared Jerome Powell’s task to Captain Chelsey Sullenberger’s when he was forced to land a US Airways plane on the […]

There’s No Place Like Home: SchiffGold Friday Gold Wrap July 14, 2023

As the saying goes, there’s no place like home. And more and more countries think that’s the case when it comes to their gold. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about why many central banks and sovereign wealth funds are bringing their gold home. He also talks about gold’s […]