Peter's Blog

On Thursday’s episode of the Peter Schiff Show, Peter lays out why precious metals are taking center stage while fiat currency policy unravels. He walks through surging silver prices, rising unemployment and shrinking manufacturing, a return to quantitative easing, the political choice for the next Fed chair, and an imminent crypto crash — all reasons […]

Note: This includes the Jobs report for November that was released on December 16th and the QCEW Report released on Dec 19th The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the Headline Report, it can be helpful to look at the […]

Silver’s impressive gains have left it, yet again, outpacing gold by around 50% year-to-date. This is a common pattern for the metal, which has historically tended to outperform gold during certain stages of bull markets.  Just as silver has done before, it’s capitalizing on the same macroeconomic conditions that have been a boon for gold, […]

Bad jobs numbers? Just say they’re good. High inflation? Just claim it’s low. While the old adage “numbers don’t lie” may have a ring of truth, in reality, people lie a lot, and governments lie constantly—and they’re releasing the data that all the big decisions are supposed to be based on.  For example, if people […]

July’s advance purchasing-manager numbers paint a tale of two economies. The S&P Global Flash U.S. Composite PMI jumped to 54.6—its best showing in seven months—thanks almost entirely to a roaring service sector that notched a 55.2 reading. Manufacturing, by contrast, slipped back into contraction territory at 49.5, a full three points below Wall Street’s consensus […]

President Trump’s insistence on lowering interest rates serves only the ever-growing spending state. Lower interest rates may relieve some price pressure in the housing market, but printing money is only going to make things worse in the long run.

The U.S. economy’s “early-warning siren” just grew louder. The Conference Board reported Monday that its Leading Economic Index (LEI) fell 0.3 percent in June to 98.8—a level not seen since 2020. The decline extends the LEI’s losing streak to 18 of the last 19 months and pushes its six-month drop to 2.8 percent. With the […]

Gold finished last week at US $3,352 per ounce, a modest 0.6 % gain that nonetheless leaves the metal up an eye-catching 28.5 % year-to-date. Monday’s trade saw prices probe as high as US $3,365, keeping bullion within arm’s reach of the two-month trading ceiling that technicians have marked at US $3,395. All of this […]

Consumer confidence remains in the dumps, thanks in large part to rising prices in essential goods and services like housing. Contrary to the Trump administration’s preference for lower interest rates, the solution to the housing affordability crisis is to end the Fed, which created and still sustains the problem.

Consumers may be breathing a small sigh of relief, but they’re hardly celebrating. The University of Michigan’s latest “Current versus Pre-Pandemic Long-Run Inflation Expectations” update, released Friday, shows the median expectation for inflation over the next 5 years dipping to 4.0 % in June after topping out at 4.4 % in April. While that is […]