Peter's Blog

CBO: Massive Budget Deficits Pose “Significant Risk” to Economy

The CBO projects the federal government will run massive budget deficits into the foreseeable future and says the ballooning national debt poses “significant risk” to the economy and financial system. According to the CBO, the federal budget shortfall will hit $1.02 trillion in FY 2020 and rise into the foreseeable future. Deficits will average $1.3 […]

Peter Schiff: Gold Would Explode With a Bernie Sanders Presidency

Bernie Sanders has gained in the polls of late and only trails Joe Biden by about three percentage points, according to the latest Fox News poll. On top of that, Sanders matches up against President Trump. He leads 48% to 42% in a head-to-head matchup. Peter Schiff told Fox Business that a Sanders presidency would […]

Peter Schiff: This Is an Inflation-Driven Bubble

The spread of coronavirus in China has made markets jittery. Stocks have gone into a slide and gold has pushed up on safe-haven buying. Last week, Peter Schiff appeared on RT Boom Bust to talk about it. He said that 2020 may well be a bad year for the stock market, but probably not because of […]

Zombie Economy: SchiffGold Friday Gold Wrap Jan. 24, 2020

While impeachment proceedings kicked off at home President Trump was in Davos, Switzerland, talking up the US economy. He called it the best economy in American history. Is it though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the economy, what’s really driving it, and why this might be […]

Rick Rule: Gold Is Insurance and You Want to Have Insurance

Rick Rule talked with David Lin of Kitco News at the Vancouver Resource Investment Conference. Rule is the senior managing director at Sprott Inc., and he’s bullish on gold. During this discussion, Rule explains why, touching on a range of subjects including the Federal Reserve, the trade war, the US dollar, the bond market and […]

Peter Schiff: Greatest Economy in American History? Nonsense!

Donald Trump was in Davos talking up the US economy in his typically hyperbolic terms. He called it “the greatest economy we’ve ever had in the history of our country.” To hear the president tell it, you would think that America is experiencing some kind of economic boom that has never been experienced by anybody […]

Are Consumers Nearing the End of Their Road of Debt?

Are consumers getting close to the end of their road of debt? There are some indications that they might be and that’s not good news for an economy built on consumers spending money they don’t have.

Color Me Skeptical: SchiffGold Friday Gold Wrap Dec. 13, 2019

We have a trade deal! Maybe. Meanwhile, the Fed wrapped up its last FOMC meeting of the year this week and did nothing. But Powell and Company did give us some indication about what we should expect next year. The week’s news played tug-o-war with gold. In this episode of the Friday Gold Wrap, host […]

The Wealthy Are Hoarding Physical Gold

The world’s rich are hoarding gold – this according to data buried in a recent Goldman Sachs note to clients. In the note published over the weekend, Goldman recommended diversifying long-term bond holdings with gold, citing “fear-driven demand” for the yellow metal.

Peter Schiff: A Trumped Up Jobs Report

Friday’s employment report from the Labor Department far exceeded expectations. Mainstream analysts called the report “stellar.” Some pundits even called it the best jobs report in history. According to the Labor Department, the US economy added 266,000 jobs in November. Economists had projected an increase of around 187,000. The unemployment figure dropped to 3.5%. Peter […]