Peter's Blog

That’s His Story and He’s Sticking to It!

Despite mounting evidence to the contrary, Federal Reserve Chairman Jerome Powell stuck to his “transitory” inflation narrative during testimony before the House Financial Services Committee. That’s his story and he’s sticking to it!

Peter Schiff: The Transitory Inflation Ruse

The markets were looking for signs that the transitory inflation period was coming to an end. They didn’t get it when the June CPI number came in much hotter than expected. In his podcast, Peter Schiff talked about the latest price data and said it reveals the dirty little secret – all of this talk […]

Gold and Silver Pricing Update: Mid July 2021

Many variables can drive the price of gold and silver. These include Fed meetings/speeches, inflation data, jobs numbers, risk appetite, etc. Some people speculate that the price is suppressed and manipulated by the banks and Fed. While coordinated suppression is not impossible, there are other more probable explanations for gold and silver price action. This […]

Many Indians Depend on Gold to Stay Afloat During Pandemic

Gold has served as a lifeline for Indians pummeled by the economic storm caused by the government response to the coronavirus pandemic. The Indian government’s response to the first wave of COVID-19 ravaged the economy. As a result, many banks were reluctant to extend credit due to fear of defaults. In this tight lending environment, […]

Transitory Inflation Turning Into an Inflationary Spiral

Consumer prices have been rising precipitously this year. If you annualize the Consumer Price Index through the first five months of 2021, you get a CPI increase of over 6%. Federal Reserve Chairman Jerome Powell continues to push the narrative that inflation is transitory, but not everybody buys into this storyline. On the Wolf Street […]

US Debt Analysis: June 2021

The US Government is on an unsustainable debt trajectory. Even though the Federal Reserve has acknowledged this fact, most mainstream figures consider it a distant problem or even not an issue at all. The argument highlights that debt fears have raged since the debt crossed $1T decades ago and no negative consequences have materialized. This […]

How Long Can They Keep This Thing Going? SchiffGold Friday Gold Wrap July 9, 2021

This week, the IMF undercut the Fed’s “transitory” inflation narrative, warning about the possibility of sustained inflation in the US. But the real question remains unanswered – what will the Fed do about it? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the options on the table. None of […]

Comex Stock Update: July 2021

This analysis focuses on gold and silver within the Comex/CME futures exchange See the article What is the Comex? for more detail. It provides historical context and defines many of the terms used below. While it is exciting to track the countdown to First Notice to determine how many contracts will stand for delivery in […]

Trade Deficit Analysis: May 2021

The US trade balance shows the deficit and surplus of US trade for imports and exports. A deficit occurs when imports are greater than exports. When the trade balance is in deficit, it accounts for one of the two components of the twin deficits. The fiscal deficit accounts for the other component and will be […]

The Fed vs. the Constitution: SchiffGold Friday Gold Wrap July 2, 2021

Will the Federal Reserve tighten monetary policy to fight inflation? Or will it keep its loose monetary policy in place to support the fake recovery? The central bank has a profound influence on the economy, for better or for worse. But should the Federal Reserve even exist? In this episode of the Friday Gold Wrap, […]