Peter's Blog

Modern Monetary Policy Has Gutted Working Class Incomes

The following article was written by Peter Schmidt. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.  When currency was backed by gold, a central bank’s main function was to maintain the value of the issued currency in terms of gold.  For example, if a central bank created […]

Texas Bullion Depository Open for Business; Sets the Stage to Challenge Federal Government’s Monopoly on Money

The Texas Bullion Depository officially opened for business this week. The creation of the facility represents a power-shift away from the federal government and sets the foundation to undermine the Federal Reserve’s monopoly on money. Countries that stockpile gold create a foundation of stability for their monetary systems. This is precisely why China, Russia, Turkey and […]

The Fed’s Mission Impossible (Interview)

Mises Institute president Jeff Deist recently interviewed Danielle Booth, a veteran of the Dallas Fed and author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America, to discuss whether—or if—the Fed can ever return to “normal” monetary policy.

Some in Mainstream Starting to Acknowledge Dollar Bear

Not everybody in the mainstream is bullish on the dollar and expecting rate hikes as far as the eye can see. In fact, the global head of commodities at TD securities sounds a little like Peter Schiff. In his podcast last week, Peter said that the recent dollar strength is nothing more than upside correction […]

What Can Mortgage Refi Applications Tell You About the Economy? SchiffGold Friday Gold Wrap 06.01.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Monkeys Are Better at Predicting Markets than Mainstream Pundits

Investors spend a lot of time mulling over predictions and prognostications made by various mainstream analysts, economists and talking heads on TV news shows. As it turns out, you might be better off listening to monkeys. As Jim Rickards put it, financial news TV is one big “prediction engine.” CNBC features as many as 120 […]

St. Louis Fed President Comes Up With Another Excuse to Stop Raising Interest Rates

It looks like the Federal Reserve may have another excuse to slow or even stop hiking interest rates if it so desires. According to the conventional wisdom, the Federal Reserve is in the process of “normalizing” interest rates and will continue to push rates up into the foreseeable future. But could the Fed be close to […]

A Debt Spiral: SchiffGold Friday Gold Wrap 05.25.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Peter Schiff: Look Out for the Mother of All Busts

The US economy is now technically in the second-longest recovery in history. If it continues another 14 months, it will eclipse the longest recovery, which took place in the 1990s. As Peter Schiff pointed out in his latest podcast, the Federal Reserve pulled out all the stops in the 1990s to keep the recovery going. […]

“Bond King” Not Bullish on US Government Bonds; He’s Looking at Gold

He’s been dubbed the “Bond King,” but Jeffery Gundlach isn’t particularly bullish on bonds right now – at least not US government bonds. And he’s certainly not bullish on stocks. Gundlach has his eyes on gold. Gundlach heads DoubleLine Capital, overseeing some $119 billion in assets. During a speech at the 2018 Sohn Investment Conference last week, he said […]