Peter's Blog

Here’s One Reason Gold Is Money

Gold is money. Gold has been money for thousands of years. And one of the reasons gold is money is because it’s immutable.

Borrowing into Oblivion: SchiffGold Friday Gold Wrap 02.15.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Relative Dollar Strength Has Disguised Quite a Powerful Bull Market for Gold

Gold is on a nice little bull run. The yellow metal is up almost 3% since the first of the year and nearly 13% since touching one-and-a-half year lows last summer. But as a recent article in Barron’s pointed out, the relative strength of the dollar has disguised an even more substantive bull market for […]

The Green (And Red) New Deal: SchiffGold Friday Gold Wrap 02.08.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Global Gold Holdings in Gold-Backed ETFs Up for Fourth Straight Month

Total holdings of gold in gold-backed ETFs grew for the fourth straight month in January. Globally, ETFs added 72 tons of the yellow metal to their holdings last month, according to the latest data released by the World Gold Council. This brought the total amount of gold held by funds worldwide to 2,513 tons valued at […]

Several States Considering Bills to Repeal Taxes on Gold and Silver

Several state legislatures are considering bills that would repeal taxes on the sale of gold and silver. Fundamentally,  gold and silver are money. But most governments treat precious metals as a commodity. They don’t accept it as payment. Worse than that, they tax it. Think about the absurdity of this policy.

Global Mine Output Up Slightly in 2018; Shows Continued Signs of Slowing

Global gold mine output marked its 10th year of annual growth but continued to show signs of slowing in 2018, according to the World Gold Council. Gold production rose fractionally by about 1% totaling 3,346.9 tons. That compares with 3,318.92 tons mined in 2017  — a 28-ton increase year-on-year. Meanwhile, global gold demand grew by 4%.

Fun on Friday: Would You Buy a $500 Brownie?

Would you pay $500 for a brownie? Now, before you answer rashly, let me tell you something important about this brownie. It’s covered in 24-karat gold. 

The Powell Put Is On! SchiffGold Friday Gold Wrap 02.01.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Global Gold Demand Grew By 4% in 2018

Global gold demand grew by 4% in 2018, driven by a multi-decade high in central bank buying, according to the World Gold Council’s Gold Demand Trends 2018 Report. Gold demand came in at 4,345.1 tons in 2018. That was up from 4,159.9 tons the previous year. This was in line with the five-year average growth.