Peter's Blog

The Word of the Day Is Volatility: SchiffGold Friday Gold Wrap Oct. 4, 2019

It was a bumpy ride in the markets this week. Right now, volatility is the name of the game – in both stocks and precious metals. People are getting nervous out there with some pretty grim economic data this week stirring up recession fears. Meanwhile, the US government just keeps spending money it doesn’t have. […]

Dow Jones and S&P 500 Off to Worst Start for a Quarter Since the Great Recession

During his podcast earlier this week, Peter Schiff said “the party is over” in the stock market. As if on cue, the Dow Jones is off to the worst start in a quarter since the 2008 financial crisis. The Dow plunged 494.4 points on Wednesday, a 1.86% decline. Combined with Tuesday’s 343.7 point drop, the […]

Dollar’s Share of Global Currency Reserves at 6-Year Low; Yuan’s Share Biggest Ever

The percentage of US dollars held as currency reserves globally dropped to the lowest level in nearly six years in the second quarter of 2019 according to the latest IMF data. Meanwhile, Chinese yuan made up the biggest percentage of reserves ever. The dollar’s shrinking share of global reserves comes as countries like Russia and […]

Last Week in Review: Monday Sept. 30, 2019

Here is a summary of some of the significant economic data/news that came out last week. Third-quarter 2019 new orders for durable goods remain on track for a second annual decline.  August 2019 Real New Orders for Durable Goods showed a monthly gain of 0.2% [1.0% ex-Commercial Aircraft], but an annual decline of 4.9% [down […]

Is the Glass Half-Empty or Half-Full? SchiffGold Friday Gold Wrap Sept. 27, 2019

Gold and silver are down this week. There was some more hopeful trade war news and stronger than expected economic data that drove markets this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey covers it, plus some news that’s being mostly ignored. And he ponders a question: should we be […]

Big Chunks of Gold!

By Alex Lemaire People have been searching for gold for centuries. Usually, it takes considerable effort to find gold, but one Australian family found a nugget literally just lying on the ground. When you think of a gold nugget, you probably imagine a chunk of the yellow metal that you can hold in the palm […]

Peter Schiff: JP Morgan Indictments Don’t Prove Gold Manipulation Conspiracy Theories

You have probably heard about the JP Morgan traders indicted in a gold and silver market manipulation scheme. The allegations involve “spoofing.” Traders put in buy and sell orders with the intention of canceling them before execution. By creating false impressions of demand, they could potentially move prices and cash in on their own trades. […]

Peter Schiff Says the Price of Gold Is Going to Take Off! But Why? (Video)

Peter Schiff has been saying that the price of gold and silver are going to take off. But why? Peter isn’t just taking a wild guess or gazing into a mystical crystal ball. He’s basing this prediction on the unavoidable economic consequences stemming from decades of Federal Reserve mechanizations. In s nutshell, the central bank […]

Fun on Friday: My Potty Got Jacked!

My potty got jacked. There are four words you’ll probably never say. Who steals toilets, right? But your problem is you don’t have a solid gold toilet. If you did, it might indeed get jacked. In fact, burglars snatched a 18-karat gold potty valued at about $6 million out of Blenheim Palace in England.

Fed Mechanizations: SchiffGold Friday Gold Wrap Sept. 20, 2019

It was Fed week. As widely expected, the central bank cut interest rates another 25 basis points on Wednesday. But the real Fed action happened on Tuesday morning and most people didn’t even notice. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about all of the Fed mechanizations – not just […]