Peter's Blog

Peter Schiff: Inflation Insanity Continues

As Peter Schiff put it in a recent podcast, the inflation insanity continues. We got the September Consumer Price Index (CPI) data and it once again came in hotter than expected. Month-on-month, CPI was up 0.4%. That was double the 0.2% expectation. On an annual basis, the CPI was 8.2%.

This Is What Losing Looks Like: SchiffGold Friday Gold Wrap Oct. 14, 2022

The September Consumer Price Index (CPI) data came out on Thursday. Once again, it was “hotter than expected,” despite the Federal Reserve hiking rates by over 3% since March. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data in the context of the Fed’s inflation fight and […]

Thanks to the Fed You’re Working Harder Just Trying to Keep Your Head Above Water

On the surface, the September job numbers looked pretty good. The economy continues to add jobs and the unemployment rate fell. But these headline numbers paper over underlying problems in the economy. While President Biden brags about job growth, the average American is working more just to maintain last year’s standard of living.

Inflation Alert: Producer Prices Rise More Than Expected

Producer price data for September was bad news for people looking for relief from rising prices. The Producer Price Index (PPI) rose by 0.4%, doubling the 0.2% projected increase, according to data released by the Bureau of Labor Statistics (BLS).

Rich Dad Poor Dad Author Says Buy Silver While You Can

In a series of tweets, Rich Dad Poor Dad author Robert Kiyosaki said now is a great time to buy silver. Kiyosaki predicted that the dollar will ultimately crash when the Fed pivots and surrenders to inflation.

Peter Schiff: The Fed Didn’t Create the Inflation Problem Last Year; It Was Decades in the Making

It’s easy to look back over the post-pandemic era and say the Federal Reserve stayed too loose for too long in the face of rising CPI. For months, the central bank ignored the inflation problem, claiming it was transitory. But as Peter Schiff pointed out in a podcast, the loose money problem isn’t anything new. […]

Peter Schiff: You’ll Need Gold When the Fed Loses This Inflation Fight

Some people in the mainstream have been talking about gold’s demise as an important financial asset. Meanwhile, central banks continue to buy gold. What are the gold naysayers missing? Peter Schiff appeared on Fox Business with Charles Payne to talk about the price of gold and why some investors are starting to realize they’ll need […]

Something’s Gonna Break! SchiffGold Friday Gold Wrap Oct. 7, 2022

Last week, the Bank of England threw in the towel on its inflation fight and launched a quantitative easing program. Why? Because something broke in the UK financial system. That led to a rally in stocks and precious metals this week as many in the US realized the Fed might be closer to a pivot […]

Peter Schiff: A Massive Fiscal Time Bomb

Federal Reserve Chairman Jerome Powell knew fighting inflation would cause big problems in a bubble economy loaded up with debt. He put it off as long as he could, calling inflation “transitory.” But once inflation became a huge problem, the central bank had no choice but to get into the fight and start tightening monetary […]

Peter Schiff vs. Bart Melek: Is It Time to Buy Gold?

Is now the time to buy gold? Or should we be bearish on the precious metal? Peter Schiff debated TD Securities Global Head of Commodity Markets Strategy Bart Melek on the future of gold prices on CNBC Asia.