Peter's Blog

Peter Schiff: I Think This Is Going to Be the Perfect Storm for Gold

When the New York Times published an op-ed from a White House insider claiming there are people inside the Trump administration actively working to undermine the president, the markets shrugged it off. In fact, as Peter Schiff said in a recent interview on thestreet.com, the markets are shrugging pretty much everything off. Everything is bullish as […]

Is It 2008 2.0? SchiffGold Friday Gold Wrap 09.07.18

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: Should I Burn My Gold Nikes?

OK. Here’s a dilemma for you. Should I burn my gold Nikes? Of course, this is merely a theoretical question. I don’t own gold Nikes. But I could, for a mere $3,500. Yes. Genuine, gold Nike shoes. So, if I did, would I feel any compulsion to burn them? Well, I can answer this question […]

Gold Flowed into Asian and European ETFs in August, But North America Continues to See Outflows

Gold flowed into European and Asian ETFs last month, but outflows from North American funds pushed total global holdings lower. Funds listed in China drove Asian ETF stocks of the yellow metal up last month. Asian ETFs added 2 tons of gold in August as investors hedged trade risks and currency weakness. Asian funds have […]

Gold and Silver Behaving A Lot Like They Did in 2008

The prices of gold and silver are behaving very much like they did in 2008. You remember what was happening in 2008, right? After the dot.com bubble burst, the Federal Reserve swooped in and dropped interest rates to an artificially low level. In the mid-2000s, the economy boomed and the housing bubble inflated driven by the sudden […]

Gold Sales Pop at Perth Mint as Investors Take Advantage of Low Prices

Gold sales at Australia’s Perth Mint rose to their highest level in nearly a year in August as investors took advantage of gold on sale. According to the mint, sales of gold coins and minted bars surged 30% to 38,904 ounces last month. It was the strongest month of gold sales since November 2017. Sales were […]

Iranians Turning to Gold as a Currency Crisis Grips the Nation

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 […]

India Central Bank Buys Gold for the First Time in Nearly a Decade

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 […]

Trade Wars! SchiffGold Friday Gold Wrap 08.31.18

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: Gold Turns Hairdryer into Luxury Item

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.