Peter's Blog

What Is the Best Way to Buy Gold? (Video)

With the economic chaos created by coronavirus economic shutdowns and the Federal Reserve creating trillions of dollars out of thin air, there is suddenly a lot of interest in buying gold, both as a safe haven and an inflation hedge. But what is the best way to invest in the yellow metal? Should you buy […]

Silver Joins Gold at the Party

Silver has finally joined gold at the party. In the last week, the price of the white metal has moved up from $15.51 to $17.35. (as I type this on Tuesday morning May 19) That’s an 11.9% increase. With the jump in the price of silver, the silver-gold ratio has dropped from over 113-1 earlier […]

The Arsonists Are Fighting the Fire: SchiffGold Friday Gold Wrap May 15

Federal Reserve Chairman Jerome Powell dumped cold water on the notion that we’re going to have a quick recovery during a speech this week and begged Congress for more fiscal stimulus. As Friday Gold Wrap host Mike Maharrey put it, Powell and the federal government are the arsonists trying to fight the fire they started. […]

ETF Gold Holdings Set Yet Another Record

Gold continued to flow into gold-backed ETFs, setting another all-time record in April. Globally, funds added another 170 tons of gold last month amounting to $3.9 billion, according to the latest data from the World Golf Council. It was the sixth straight month of net inflows.

The New Normal: SchiffGold Friday Gold Wrap May 8, 2020

People keep talking about the “new normal” we’ll all have to adjust to as we recover from the coronavirus pandemic. So, what does that mean for the economy? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks ahead at the new normal, the prospects of an economic recovery and speculates that […]

Peter Schiff: The Fed Can Never Take the Easy Money Drug Away

The Federal Reserve is creating a massive amount of money out of thin air and injecting it into the economy. Pretty much everybody believes this is the only choice given the economic emergency we face. But we’re told once the emergency is over, the Fed will take the excesses away. In his podcast, Peter Schiff […]

Central Banks Added 46 Tons of Gold to Reserves in March

Central banks globally added another net 46.1 tons of gold to their reserves in March with the usual suspects making big purchases, according to the latest data released by the World Gold Council. The pace of central bank purchases seems to be increasing, although a few banks are doing the bulk of the buying. Globally, […]

What Happens When the Bond Bubble Pops?

Celsius Network, founder and CEO Alex Mashinsky calls the bond market, “the biggest bubble that hasn’t burst yet.” And when the massive bond bubble pops, that’s when the real earthquake begins. The US Treasury Department is pumping out bonds like there’s no tomorrow. It announced this week that it plans to borrow $2.99 trillion in […]

Peter Schiff: A Very Dangerous Road to Go Down

As if there weren’t enough headwinds for the economy already, the Washington Post reported the Trump administration was exploring the possibility of canceling some US debt obligations to China.  President Trump denied it but floated the idea of tariffs on Chinese imports as punishments for that country’s handling of the coronavirus. Peter Schiff appeared on […]

Tale of Two Cities: SchiffGold Friday Gold Wrap May 1

US stock markets just had their best month since 1987. Meanwhile, the economic data is as bad as it’s ever been. It’s almost like a tale of two cities. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into some of the data and explains why the damage to the economy […]