Peter's Blog

Mamdani’s Victory and the Myth of Democratic Socialism’s Rise

With the election of Zohran Mamdani as New York’s Mayor, last week’s election may have marked the start of a new socialist political era. As unfortunate as his success is for New York, his supporters will eventually face the same disappointment that all socialists do once they collide head-on with economic reality. The following article […]

Peter Schiff: The Economy is Ice Cold

Peter opens this episode by walking listeners through what he sees as two diverging monetary stories: gold’s quiet march higher after a period of consolidation, and Bitcoin’s fragile plumbing that could amplify losses when the market turns. He frames these trends as a test of sound money versus speculative credit structures, and he ties the […]

World Gold Council: ETF Tsunami Lifts U.S. Gold Demand 58% 

Gold’s third-quarter scorecard shows a tale of two markets. Overall U.S. demand leapt 58% year-over-year to 186 metric tons, the largest Q3 tonnage in more than a decade. Yet traditional consumer demand—jewellery plus bar & coin—actually shrank by a third to just 32 t. The gap was filled almost entirely by institutional money flooding into […]

Data Confirms “Hot” US Economy Is Ice Cold

In this episode of The Peter Schiff Show, Peter Schiff delves into the stark contrast between the perceived strength of the U.S. economy and its underlying fragility. Listeners will gain valuable insights as Peter analyzes the gold market, Bitcoin, and economic realities that challenge political narratives. The discussion also touches on the implications of the […]

Schiff on Legitimate Targets: Trump’s Policies Will Trigger Inflation

In a recent appearance on Legitimate Targets, Peter lays out a bleak scenario for the U.S. economy if current trade and fiscal policies continue. He ties rising consumer prices, falling asset values, and geopolitical shifts in global reserves to the political choices being made, and he warns that voters are not getting the honest accounting […]

Is It Too Late To Hop On The Gold Train?

Everyone from central banks to people saving for retirement are wondering whether now is too late to buy gold or whether the recent price increases will keep going. Gold has beat the market in the last two years, and kept even with it over the last 20 years. The rise in price of the last […]

Payrolls Shrink, Gold Brushes $3,900 Amid Labor Squeeze

U.S. private employers unexpectedly cut 32,000 jobs in September, according to the latest ADP National Employment Report released Tuesday, marking the first aggregate decline since early 2024. Goods makers shed 3,000 positions and service industries bled another 28,000, with layoffs concentrated in leisure and hospitality (-19,000) and professional and business services (-13,000). The dismal headline […]

June Job Loss Signals Trouble Ahead

With another round of jobs data released last week, another revision to June’s numbers reveal two startling truths. First, jobs actually decreased in June, contrary to the initial estimates. Second, and arguably worse, the Trump administration’s cover-up of these numbers is as bad as critics thought. The following article was originally published by the Mises […]

Jobs Mirage: BLS Slashes 911,000 Positions from the Economy

The Bureau of Labor Statistics dropped a quiet bombshell on September 9, unveiling a preliminary benchmark revision that erased 911,000 jobs from March 2025 payroll tallies. The 0.6% markdown is roughly triple the average adjustment of the past decade and instantly casts doubt on months of breezy “resilient labor market” headlines. Almost the entire shortfall […]

GDP Turns Negative as Inflation Smolders

In a new report released today, the Bureau of Economic Analysis (BEA) shaved another three-tenths off first-quarter growth estimates, revealing that real U.S. GDP actually slipped 0.5 percent at an annual rate instead of inching ahead. The contraction follows a 2.4 percent gain in 2024’s closing quarter, marking the economy’s sharpest quarterly swing since the […]