Peter's Blog

What Is the Retail Mess Telling Us? SchiffGold Friday Gold Wrap Oct. 9, 2020

Regal Cinemas shut down all of its US theaters this week. The company said the closure is temporary, but it reveals the deeper strain in the retail sector. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs deeper into the retail mess and talks about what it is telling us about […]

Seven Central Banks Increase Gold Reserves

Gold-buying by central banks has slowed from the record pace we saw in 2018 and 2019, but many countries continue to load up on the yellow metal. August saw the first net global decline in central bank gold holdings, but the number was skewed by a big sale by one central bank. Overall, seven countries […]

Fun on Friday: 2-Dimensional Gold?

If you have ever handled gold leaf, you know it’s pretty thin. Paper-thin, in fact. But did you know we can go thinner? In fact, scientists can take gold and silver into two dimensions. Sounds crazy, eh? Like flat earth or something. But the research team of Ulrich Starke and his former doctoral student Stiven […]

Stock Market Bubble X.0: SchiffGold Friday Gold Wrap June 5, 2020

The economy has gone through the quickest and arguably the deepest collapse in history, but the stock market has been rallying. How can this be? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey says look no further than the Federal Reserve. Despite the economic chaos, it has managed to blow up […]

Peter Schiff: The Rising Stock Market Is Not a Sell Signal for Gold

US stock markets continued their inexplicable rally despite the economic destruction wrought by the coronavirus-induced shutdown. The S&P500 is only down about 3.5% on the year and the NASDAQ is actually up. As a result, a lot of investors seem to be getting out of safe havens, including gold. But in his podcast, Peter Schiff […]

Silver Charts Biggest Monthly Gain in 9 Years

Silver just had its biggest monthly gain in nine years. The spot price of the white metal went into May at $14.96 per ounce and closed on May 29 at $17.98, a 20.7% increase. Silver futures did even better, with the price of silver for July delivery hitting $18.50 per ounce Friday.

People Should Know Better: SchiffGold Friday Gold Wrap May 29, 2020

The Dow Jones is back of 25,000 and despite increasing tensions with China, people seem pretty optimistic about the economic future as states begin to open back up. SchiffGold Friday Gold Wrap host Mike Maharrey says people should know better. He makes his case by digging into some of the long-term ramifications of the economic […]

Fun on Friday: At Least the Lockdowns Were Good for Somebody

For most of us, these government-enforced coronavirus economic shutdowns have been pretty miserable. I don’t think too many of us feel like we’re overall better off today than we were a couple of months ago – unless maybe you’re in the toilet paper business. Even if they haven’t impacted our pocketbooks, the lockdowns have taken […]

The Economy Isn’t Just Dollars: Friday Gold Wrap May 22, 2020

Jerome Powell went on 60 Minutes last week and said there was “no limit” to what the Fed could do to support the economy. Of course, that’s not really true. All the central bank can really do is print more dollars. And the economy isn’t just about dollars. It’s about stuff. In this episode of […]

Peter Schiff: People Will Be Wiped Out By the Inflation Tax

The printing presses are running at full speed as the Federal Reserve creates money out of thin air at an unprecedented rate. Peter Schiff recently appeared on Kitco News to talk about the impact of all money-printing, borrowing and government spending. Somebody has to pay for this and we all will. In fact, a lot […]