Peter's Blog

Turkey Continues Gold-Buying Spree in Quest for Independence from US Dollar

Turkey went on a gold-buying spree in 2017. That trend continued through the first two months of 2018 as the country continues to diversify away from foreign currencies – i.e. the dollar. Data released by Borsa Istanbul shows Turkey imported 44.47 tons of gold in January and 16.03 tons in February for a total of […]

Hungary Plans to Bring Home All of Its Gold

Over the last several years, a number of countries have taken steps to bring their gold home. You can now add Hungary to that list.

Alabama Repeals Sales Tax on Gold and Silver Bullion; Bills Moving Forward in Wyoming and Kansas

Three more states are moving toward repealing taxes on the sale of gold and silver bullion. Last week, Alabama Gov. Kay Ivey signed a bill into law exempting the sale of gold and silver bullion from state sales and use tax. The repeal of the tax not only lowers the cost of investing in gold and […]

They Once Were Blind; Now They See Thanks to Gold

Last week, Peter Schiff was a guest with Nicholas Merten of DataDash. In comparing and contrasting Bitcoin and gold, Peter brought up the fact that gold has intrinsic value outside of its use as money. People want to own gold because of its unique qualities. The reason gold became money in the first place is […]

Focus on Fundamentals: SchiffGold Friday Gold Wrap 03.09.18

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: A Bacteria That Literally Poops Gold

Imagine the riches you would have if you discovered a way to turn lead, or dirt, or iron into pure gold. Well, people have been trying to figure out how to do this for eons. We have records of people trying to come up with formulas to turn regular old stuff into gold dating back […]

Peter Schiff Talks Bitcoin and Gold in an In-Depth DataDash Interview (Video)

There have been numerous comparisons between Bitcoin and gold. In fact, a lot of people call Bitcoin, and cryptocurrencies in general, “digital gold.” But are the two things really comparable? How is gold different from crypto? What are the advantages and disadvantages of both? Peter Schiff was a guest with Nicholas Merten of DataDash and […]

Gold Has Two Fundamentals Going for It

There’s been a lot of focus on inflation and interest rates and how they will impact the gold market in the coming months. But gold has two fundamentals going for it that aren’t getting nearly the same kind of attention. Simple supply and demand. 

Peter Schiff: The Party Is Over (Video)

We’ve been talking a lot about the rising levels of debt – both government and household. Set in an environment of rising interest rates, this is a huge problem very few people seem concerned about. We’ve been enjoying a big party and it’s about to come to an abrupt end.

Russia Passes China; Gold Hoard Now World’s Fifth Largest

Russia has passed China to become the world’s fifth-largest gold-holding country. According to a Bloomberg report, the Bank of Russia added nearly 20 tons of gold to its stash in January, raising its total to 1,857 tons. The People’ Bank of China reported holdings of 1,843 tons. Russia has bought gold every month since March […]