Peter's Blog

Global Gold-Backed ETF Holdings Top $100 Billion for First Time in Six Years

Total holdings in global gold-backed ETFs finished above $100 billion in 2018, according to the latest data by the World Gold Council. It’s the first time ETF total gold holdings have eclipsed the $100 billion mark since 2012. Globally, ETFs added 69 tons of gold in 2018, bringing total holdings to 2,440 tons valued at […]

Gold Outperformed S&P 500 in 2018

2018 ended up as the worst year for US stocks in a decade. And last month ranked as the worst December on Wall Street since 1938. But if you owned gold, things weren’t quite as painful for you as they were for investors without any of the yellow metal. While stocks sagged, gold rallied. In […]

Peter Schiff: Jerome Powell Goes Uber-Dove, A Beautiful Environment for Gold

Last week, we saw more huge swings in US stock markets. On Thursday, stocks fell sharply, but they recaptured all the losses on Friday in the wake optimism about trade talks between the US and China,  of a strong December jobs report, and “dovish” comments by Federal Reserve Chair Jerome Powell. Peter Schiff hit on all […]

Russia Continues to Add Gold to Its Reserves; Seeks to Minimize Dollar Exposure

Russia added another 36.6 tons of gold to its reserves in November, according to the latest data released by the World Gold Council. This follows on the heels of a 29.9-ton increase to its hoard in October and a 37.8-ton increase in September.

Fun on Friday: How to Win the New Year’s Resolution Game

You know how to win the New Year’s resolutions game? Don’t make any. It’s as simple as that. As the saying goes, don’t make promises you can’t keep. Don’t write checks your willpower can’t cash. Don’t overplay your hand. This strategy has certainly worked for me.

Gold Wins 2018 and Fatal Conceit: Friday Gold Wrap 1.4.19

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.

Looking Back; Moving Ahead: Friday Gold Wrap 12.28.18

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.

Fun on Friday: Wait, What? He Wasn’t Looking for Silver and Gold?

Rudolph the Red Nose Reindeer is my favorite Christmas special. And Yukon Cornelious is one of my favorite characters in the show. I mean what’s not to like, right? He’s a man’s man. He openly carries a gun. He travels with cornmeal and gunpowder and ham hocks and guitar strings. And he’s always on the […]

Daddy Is Still Taking the Punch Bowl Away: Friday Gold Wrap 12.21.18

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.

Officials Break Ground for Construction of Texas Bullion Depository

Last week, officials broke ground for construction of the country’s first state gold depository in Texas. The creation of the Texas Bullion Depository represents a power-shift away from the federal government, provides a mechanism for the state to establish a higher level of economic independence, and sets the foundation to undermine the Federal Reserve’s monopoly on money.