Peter's Blog

A Dove in Hawk’s Clothing: SchiffGold Friday Gold Wrap June 18, 2021

The Federal Reserve wrapped up its June meeting this week. The markets are convinced Jerome Powell has gone hawkish. Has he though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the messaging coming out of the FOMC meeting and reaches a completely different conclusion. He also compares and contrasts […]

Fun on Friday: That’s One Heck of a Premium!

A US coin with a face value of $20 just sold for $18.9 million. That’s quite a nice little bit of appreciation right there. Or one heck of a premium, depending on how you look at it. It shouldn’t shock you to know it was a gold coin.

Economics Always Wins: SchiffGold Friday Gold Wrap Podcast June 11

We got another round of hotter than expected CPI data this week. The mainstream financial media is spinning this as good news. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into the CPI data without the rose-colored glasses. He also talks about an announcement by a major restaurant chain that may […]

Central Banks Continue to Be Bullish on Gold

Central banks added gold to their reserves in record amounts in 2018 and 2019, but buying slowed last year with the onset of the COVID-19 pandemic. The slower pace has continued into 2021, but buying is ahead of last year as many countries continue to load up on the yellow metal. The World Gold Council […]

Gold Flowing Into ETFs Again

In 2020, gold-backed ETFs recorded record net inflows of gold. Funds added nearly 231 more tons in 2020 than they did during the previous record year (2009/646 tons). But with declines in the price of gold and investors pivoting to riskier investments as economies improve, we’ve seen net outflows of gold from ETFs over the […]

Fun on Friday: Getting Prepared

Hurricane season started this week. That means those of us who live in Florida are in preparedness mode – or at least we should be. For you landlocked readers, the notion of a hurricane kit is probably foreign to you. But for those of us who live in hurricane-prone coastal areas, updating the hurricane kit […]

Slow Burn: SchiffGold Friday Gold Wrap Podcast June 4, 2021

With some positive economic data coming out this week, investors suddenly went bullish on the economy again and decided that the Fed is surely going to deal with inflation now. Will it though? In this Friday Gold Wrap Podcast episode, host Mike Maharrey speculates about the Fed’s next move. He also looks ahead and talks […]

Tennessee Will Explore the Possibility of a State Gold Depository

Last month, Tennessee Gov. Bill Lee signed a bill into law that creates a commission to study the feasibility of creating a gold bullion depository in the Volunteer State. A state bullion depository would not only create a safe place to store precious metals; it would increase the state’s financial independence. It could also facilitate […]

Traders Starting to Realize High Inflation is Bullish for Gold

For months, the markets have responded to inflationary pressures by piling into dollars and selling gold. They’ve taken this counterintuitive approach because they believe the Fed will tighten monetary policy to fight inflation sooner rather than later. But we’re starting to see a shift in sentiment. Traders seem to be realizing that inflation might be […]

Fun on Friday: Golden Dad Jokes

As a dad, I have to confess to delivering my fair share of dad jokes. You know what I mean, right? I’m talking about those jokes that make the kids’ eyes roll into the back of their heads and elicit groans from the wife. Let’s be honest; dad isn’t funny. And that’s what makes dad […]