Peter's Blog

Monetary Tyranny: How Legal Tender Laws Built the Fiat Empire – and How Free Competition Can End It

One way that inflation-prone fiat currency took over the monetary system was legal tender laws, which obligate private citizens to accept currencies like the dollar even when they don’t want to. Without these policies, weak and eroding currencies would fall to the wayside, and more stable currencies would replace them. The following article was originally […]

The Battle Over Gold: Central Bankers Split on What It Means

Gold has had a record-breaking year, and its surging price is an indictment of the current monetary landscape in America. The public is waking up to this fact, and it continues to reveal disagreements in how central bankers think about gold. The following article was originally published by the Mises Institute. The opinions expressed do […]

Inflation and the Moral Decay of Civilization

With consumer sentiment abysmally low, it’s tempting to think of inflation as an exclusively economic phenomenon. When its nature as society-wide fraud is understood, however, it’s easy to see why inflation corrodes both cultural and economic institutions. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those […]

Racing Toward the Monetary Cliff: How Endless Money Printing Dooms the Economy

Last week was a revealing one for the economy, with turbulence on Wall Street and abysmally low consumer sentiment data coming in Friday. These are only the most visible signs of decades of government tinkering in the economy. With central banking, regulation, and extreme taxation plaguing the economy, the only possible outcome is economic collapse. […]

The Slow Death of the Middle Class: Inflation’s Silent Stranglehold

All taxes make their payers worse off, but one stands above the others in its uniquely sinister nature. Inflation – the slow, subtle erosion of purchasing power– is the tax that kills the middle class. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter […]

The Fed’s Cloud of Unknowing

Aside from not existing, an “ideal” central bank requires the ability to hold trust over a long period of time. The problem with the current central bank is that it changes strategies every few months depending on outside political pressures or what it thinks will smooth a period of volatility. This pattern means that all […]

When Does Gold Finally Correct?

Gold’s meteoric rise has captured the world’s attention and is leaving the usual voices in traditional finance stupefied. There’s talk of bubbles, frenzies, and froth. Gold is down now from its peak, but when will it substantially correct?  On a long enough timeline, when central bankers print infinite amounts of fiat currency, gold is bound […]

Peter Schiff: Gold Pricks the Bitcoin Bubble

In Wednesday’s episode of The Peter Schiff Show, Peter concentrates on the fallout from gold breaking $4,000 and what that means for the dollar, monetary policy, and crypto. He ties the metal’s surge to the structural consequences of the dollar’s reserve status, calls out surprising admissions from big-name financiers and former Fed officials, and argues […]

Sentiment Trading and the Limits of Knowledge

While value investors examine companies’ financial data and future outlook, most short-term investment strategies now incorporate some sentiment analysis insights. Rather than analyzing the long-term ability to create value of a company, quantitative traders recognize that investor sentiment is the primary driving factor of short term price fluctuation. Far from the perfect competition assumption of […]

The Underlying Theory Behind Really, Really, Bad Predictions

What do the biggest banks, the most prominent news outlets, and advanced AI models have in common? They were all wrong about the 2025 gold price by over $1000. While there is always a lot of uncertainty in the financial markets, being off by over $1000(over 30% of gold’s 2024 year-end price), is embarrassing. While […]