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With hyperinflation gripping Iran and sanctions strangling the economy, Iranians are beginning to turn to gold to make everyday transactions, most notably to pay their rent. The Iranian rial has depreciated rapidly since the US announced its withdrawal from the 2015 nuclear deal and the reimposition of economic sanctions. After the US formally announced it […]
The Reserve Bank of India (RBI) bought gold for the first time in nearly a decade during its last fiscal year. The Indian central bank added 8.46 tons of gold during the fiscal year ending June 30, according to its latest annual report. The additional yellow metal brings India’s total gold reserves to 566.23 tons. The last […]
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.
How do you turn a mundane $20 bathroom appliance into a luxury item that will set you back $500? Put some gold on it. That’s exactly what Dyson has done. No joke. The iconic (meaning overpriced) vacuum cleaner company has developed a hairdryer gilded with 23.75-karat gold leaf.
A Russian lawmaker has suggested his country should develop a gold-backed cryptocurrency for payment of arms exports and other goods as a way to circumvent Western sanctions and limit his country’s dependence on the dollar-based global banking system. Vladimir Gutenev serves as first deputy head of the economic policy committee at the State Duma – […]
Investment and commodities guru Jim Rogers says we’re heading toward the worst bear market in his lifetime. Rogers recently spoke a the MoneyShow in San Francisco. He said the first thing we need to understand is that in the wake of the 2008 financial crisis, the Federal Reserve “came to the rescue” and drove interest rates […]
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics. In this episode, I talk with Mises Institute president Jeff Deist about Austrian economics, the Fed, Trumpanomics. the biggest threats to our freedom, and of course, gold.
Indians are buying gold. Imports of the yellow metal into India jumped for the first time in seven months in July and the trend appears to be carrying forward into August, according to a report in the Times of India. Gold sales have surged 15% by volume over last year as Indians took advantage of […]
Friday was an active day in the markets. The S&P 500, the Russell 2000 and the Nasdaq all hit record highs. The Dow Jones didn’t quite crack into record territory, but it was up over 100 points. Meanwhile, the dollar fell and gold was up more than $20. In his latest podcast, Peter Schiff said […]
We are well into the third quarter of 2018. In our perpetual fast-forward world, analysts are already looking toward Q4. What will the last quarter of the year bring? It’s virtually impossible to predict the short-term. Who knows what kind of political event, natural disaster or emerging trend will drive the markets over the next […]
