Peter's Blog

Six Central Banks Increased Gold Reserves in November

Six central banks added gold to their reserves in November. Purchases totaled 16.8 tons, consistent with the level of purchases in both August and September. On net, central banks were sellers globally in November, thanks to a large decrease in reserves by the Turkish central bank, according to the latest data reported by the World […]

Russia Holds More Gold Than Dollars for First Time in History

For the first time ever, Russia holds more gold than US dollars. According to a Central Bank of Russia report published this week and analyzed by Bloomberg, gold made up 23% of the Central Bank of Russia’s reserves as of the end of June. The bank’s share of dollar assets dropped to 22%. In 2018, […]

Fun on Friday: Try Harder

The last time I wrote about gold smuggling, I was impressed by the pain a man was willing to endure in order to hide gold from authorities. He literally stuck gold bars up his rear — two pounds of gold. Ouch. But today I have a different kind of smuggling story. It is impressive not […]

2021 Says “Hold My Beer!” SchiffGold Friday Gold Wrap Jan. 8, 2021

Everybody was happy to get 2020 behind them. We figured it can’t get any crazier. Then 2021 showed up and said, “Hold my beer!” During the first full week of 2021, we had surprise election results and protests that went sideways in Washington D.C. That produced strange reactions on Wall Street. In this episode of […]

American Gold Eagle Sales Up 455% in 2020

Demand for physical gold and silver surged last year as smart investors sought safe haven from a record-breaking expansion in the money supply, record federal budget deficits, and quantitative easing set to infinity. Sales of US gold and silver bullion coins at the US Mint hit a 4-year high in 2020.

America’s Dysfunctional Economy: Peter Schiff on Lions of Liberty

Peter Schiff appeared on the Lions of Liberty podcast with Marc Clair to look back at the Trump economy and ahead to what the Biden years might bring. Along the way, Peter and Marc talk about the stock market bubble, Peter’s move to Puerto Rico, the looming dollar collapse, and bitcoin.

Peter Schiff: Are Global Financial Markets Beginning to Decouple?

The first trading day of 2021 was, as Peter Schiff put it, “atypical.” In his first podcast of 2021, Peter analyzed the unusual day on Wall Street and explored a significant question: are we beginning to see the decoupling in the global financial markets that he’s been predicting for years?

Gold and Silver Chart Best Year in a Decade

The year 2020 will not go down as a banner year, but it was fantastic for gold and silver. Both metals charted their best years since 2010. On New Year’s Eve 2019, gold was trading at $1520.90. It closed the year at $1892.90 for a 24.5% gain.

Peter Schiff: Will 2021 Be the Year the Chickens Come Home to Roost?

There aren’t many people sad to see 2020 in the rearview mirror. But there’s no guarantee that 2021 is going to be any better. In his podcast final podcast of 2020, Peter Schiff said that hopefully, the upcoming year will be better healthwise in terms of COVID-19, but economically, this could be the year the […]

Fun on Friday: Have You Made Your Pet’s New Year Resolution?

It’s time to bid a fond farewell to 2020. Good riddance and don’t let the door hit you in the butt on the way out! Of course, the New Year also means it’s time for — resolutions. Confession: I’ve never been good at resolutions. In fact, I refuse to make them. Why set yourself up […]