Peter's Blog

Intervention Begets Intervention: SchiffGold Friday Gold Wrap Podcast May 28, 2021

The Fed wants us to believe everything is under control. The economy is improving. Inflation is transitory. Good times are ahead. But behind the scenes, central bankers and government officials are scrambling to keep all the economic props in place. As they intervene in one area of the economy, they create problems in another. In […]

Inflation Crashes the Party

It’s dawning on many investors that our post-Covid financial problems may not be as easily solved as Washington claims. The latest clue that trouble is brewing has come from the sudden and dramatic arrival of inflation. On May 12, it was revealed that the Consumer Price Index (CPI) had risen 4.2% year-over-year, the fastest pace […]

Peter Schiff Gold Videocast: The Lull Before the Storm

Over the last several months, gold and silver have faced strong tailwinds due to market expectations that the Fed would tighten monetary policy sooner rather than later to fight price inflation. But after April’s hotter than expected CPI, that sentiment seems to have shifted and the markets are acting the way you would expect in […]

Peter Schiff: Gold Cracks $1,900 as Inflation Tax Destroys Purchasing Power

Gold pushed above $1,900 an ounce near the end of the trading day Tuesday (May 25) and closed just below that level. Silver also had a strong day, up about 22 cents, closing just below $28 an ounce. Meanwhile, the dollar index headed in the opposite direction, closing an 89.66. That’s the lowest level for […]

Peter Schiff and Ben Shapiro: The Government Is Wrecking the Economy

In many ways, it appears the economy is beginning to recover from the shocks of the coronavirus pandemic. GDP growth is way up. The stock market is soaring.  A lot of people are optimistic. But during an appearance on the Ben Shapiro Show, Peter Schiff said this isn’t a real recovery, and he explains how […]

Ron Paul: Fed Inflation Is Propping Up Big Government Spending

Inflation came in hot in April. Initially gold sold off on the news. But over the following week, there appears to have been something of a pivot in the market. Gold and the dollar both started behaving as one would expect in an inflationary environment. Peter Schiff said it looks like investors are starting to […]

The Big Pivot? SchiffGold Friday Gold Wrap Podcast May 21, 2021

After last week’s hotter than expected CPI data, gold sold off, following a pattern we’ve seen over the last few months. But in the last week, gold has rallied, knocking on the door of $1,900. In fact, there has been a broader pivot in the market that could indicate the mainstream is ready to face […]

Peter Schiff: The Surplus of Printed Dollars Is Driving Price Inflation

The Consumer Price Index came in much hotter than expected last week. The mainstream chalks rising prices to supply chain and production issues caused by the pandemic. But in a recent interview on NTD News, Peter Schiff says there’s more to it than that. Prices are rising because a surplus of printed dollars is bidding […]

Trillions in Newly Printed Money Created a Labor Shortage

The unemployment rate ticked up to 6.1% in April despite businesses all over the country struggling to hire workers. But as Peter Schiff pointed out, you don’t need a job to spend printed money handed out by the government. The Federal Reserve is supposedly stimulating the economy as it prints trillions of dollars out of […]

The Government Can’t Stimulate Us to Prosperity

The economy is booming again – or so we’re told. Trillions in stimulus have juiced consumption and created the illusion of prosperity. But in truth, Americans are simply spending printed money on stuff they didn’t produce. Peter Schiff recently said America’s consumption economy is really a bubble The problem is, economies can’t run on consumption. […]