Peter's Blog

Arkansas Senate Passes Bill to Repeal Sales Tax on Gold and Silver Bullion

The Arkansas Senate has passed a bill that would exempt gold and silver bullion and coins from sales tax. This would not only relieve some of the tax burdens on investors in the state; it would also take a small step toward treating gold and silver as money instead of as commodities.

China Greenlights Massive Increase in Gold Imports

China has opened the door to billions of dollars in gold imports. Reuters cites five sources indicating that Beijing has greenlighted the import of 150 tons of gold valued at around $8.5 billion at current prices. The report notes that China’s sudden appetite for gold could potentially “support global prices.”

Fun on Friday: Why Not Both?

The other day a friend of mine asked me, tacos or burritos? My response: why not both?

It’s Not a Problem! Until It Is: SchiffGold Friday Gold Wrap April 16

CPI came in even hotter than expected signaling rising inflation. The US government is running a massive record budget deficit. But we’re told these things aren’t a problem. Budget deficits don’t really matter. Inflation is transitory. But how can we be so sure? On this episode of the Friday Gold Wrap podcast, host Mike Maharrey […]

Peter Schiff: Inflation Coming in Hot

Federal Reserve Chairman Jerome Powell keeps telling us not to worry about rising prices, assuring us that any increase in price inflation is “transitory.” It appears most of the mainstream is buying this hook line and sinker. The March CPI number was expected to come in hot due to a much lower baseline. Prices tanked […]

Peter Schiff: We’re on Autopilot Down the Road Toward Inflation

During his recent 60 Minutes interview, Federal Reserve Chairman Jerome Powell reiterated that he thinks any spike in price inflation will be transitory. As he put it during the interview, we may see “temporarily higher prices but not persistent inflation.” Peter Schiff appeared on RT Boom Bust to talk about Powell’s view on rising prices. […]

When Doves Cry: SchiffGold Friday Gold Wrap April 9, 2021

Gold hit its highest price in five weeks after the release of the March Federal Reserve meeting minutes and comments by Jerome Powell both reiterated the central bank’s dovish position. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed’s dovish cry and how this could play out. He […]

Central Banks Add Over 8 Tons of Gold to Reserves in February

Despite a significant selloff by Turkey, central banks globally added a net 8.8 tons of gold to their reserves in February, according to the latest data compiled by the World Gold Council. Gold-buying by central banks slowed last year from the record pace we saw in 2018 and 2019, and that trend has continued into […]

American Gold Eagle Bullion Coin Sales Hit 20-Year High in Q1

While gold prices have languished over the last few months, smart investors have taken advantage of the low prices and loaded up on physical gold. For Q1, the US Mint reported its highest quarterly American Gold Eagle sales in more than 20 years.

The Mainstream Is Wrong About Rising Bond Yields and Gold

Prices are going up. The Federal Reserve is printing money at an unprecedented rate. The US government continues to borrow and spend at a torrid pace. As Peter Schiff put it in a recent podcast, we’re adrift in a sea of inflation. Gold is supposed to be an inflation hedge. So, why isn’t the price […]