Peter's Blog

Peter Schiff: Gold Is Living Up to Its Reputation

As turmoil continues in the markets with stocks selling off due to continued fears over coronavirus and its potential economic impact, Peter Schiff says gold is doing exactly what it’s supposed to do — serving as a safe haven and a store of value.

Gold: The Most Unloved Bull Market Ever

Peter Schiff recently appeared on Fox Business Claman Countdown along with Stephen Guilfoyle and Luke Rahbari to talk about gold, bonds and coronavirus. Stocks have sold off two straight days as investors pile into safe-havens due to coronavirus fears. Yields on both 10-year and 30-year Treasuries fell to record lows this week. Gold has also […]

Gold’s Breakout! SchiffGold Friday Gold Wrap Feb. 21, 2020

Gold broke out this week. The yellow metal pushed through the $1,600 level and continued to climb. Conventional wisdom tells us this is all about safe-haven buying due to fear that the coronavirus will stunt global economic growth. That is certainly a factor. But could there be more to it than that? On this week’s […]

Peter Schiff: Printing Money Is Not the Cure for Cononavirus

In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets. Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus […]

Peter Schiff: The Fed Is Responsible for the Rise in the Stock Market

Peter Schiff recently appeared on SmallCap Power with Mark Bunting to talk about the stock market bubble. He said it’s the same type of bubble as 2008, only bigger. The source is the same. It’s artificially low interest rates. It’s quantitative easing. The central bank, the Federal Reserve, is responsible for the rise in the […]

Subprime Auto Loan Delinquencies at Financial Crisis Levels

Subprime auto loan delinquencies have exploded, taking the overall delinquency rate to Financial Crisis levels. But the economy is supposedly great. What is causing this spike in delinquencies? According to the latest data released by the New York Fed, serious delinquencies (90 days or more past due) surged by 15.5% in the fourth quarter of […]

Something Is Out of Kilter: Friday Gold Wrap Podcast Feb. 14, 2020

Jerome Powell went to Capitol Hill this week. During his testimony before a congressional committee, the Fed chair insisted, “There is nothing about this economy that is out of kilter or imbalanced.” In this episode of the Friday Gold Wrap Podcast, host Mike Maharrey takes issue with Powell’s assessment and points out some things that […]

Peter Schiff: Nobody Should Be Taking Credit for the US Economy

Last week, Peter Schiff gave a speech at the Orlando Money Show and made the case that all the hype about the greatest economy in history is just that – hype. Nobody should be taking credit for the economy. We should be asking who is to blame.

How Long Can the Fed Keep the Party Going? SchiffGold Friday Gold Wrap Feb 7, 2020

Gold took a hit on Tuesday but held a key support level and rebounded as the week went on, even as stocks set new records. Why does gold continue to keep showing strength even with all the headwinds? Is it just coronavirus? Or is something else going on? Host Mike Maharrey talks about it in […]

Whether You Call It QE or Not the Fed Is Monetizing the US Debt

Last October, the Federal Reserve relaunched quantitative easing. Of course, Fed Chairman Jerome Powell insists it’s not quantitative easing. But as Peter Schiff pointed out in a recent tweet, that debate is really just semantics. The argument over whether the current Fed balance sheet expansion constitutes QE is pointless. QE was always just a euphemism […]