Peter's Blog

FOMC Meeting: Yellen Follows Her Script

The December Federal Open Market Committee meeting went pretty much according to scrip. Analysts widely expected the Fed to raise rates by .25. It did. Analysts also expected the Fed to signal three more hikes in 2018. It did that too. Gold went up, as we said it probably would, hitting a one-week high in […]

The US Government Is Spending Money Like a Drunken Sailor

The US federal government is spending money like a drunken sailor. And that’s probably unfair to drunken sailors. In November alone, the US government reported a $139 billion deficit.

Peter Schiff Talks Gold, Silver and Bitcoin (Video)

Peter Schiff recently appeared on RT Boom Bust to talk gold and silver. Gold has struggled over the last few weeks with a looming Federal Reserve rate hike and the specter of tax cuts on the horizon weighing precious metals down. Peter said he thinks this is something of a seasonal lull and he expects […]

Crypto vs. Gold: Gold Has Value Unto Itself

Bitcoin mania is in full force. When I get to my desk in the morning, the first thing I do is check the latest gold news. But lately, when I google the word “gold,” I mostly get Bitcoin news. In his most recent podcast, Peter Schiff even suggested CNBC should rename its network the “Crypto News […]

The Fed’s Magic Trick That’s Picking Your Pocket

Every year, the Federal Reserve robs you of a little bit of your wealth. And it does so by design. Writing for the Sovereign Man, Jeff Thomas called it a “magic trick.” But it’s not magic in a mystical way. It’s magic in the show business sense of the word.  It’s an illusion, facilitated by distraction that fools the audience. […]

Gold and Rising Interest Rates: Selling the Rumor, Buying the Fact

The Federal Reserve is widely expected to nudge interest rates up again this week. Most analysts agree that the specter of a rate hike is one of the primary reasons gold has slumped over the last several weeks. But are rising interests rates really bad for gold? The short answer is no. At least not […]

Gold Now Is Like Christmas Decorations in January – A Bargain

When I was a kid, my mom always went shopping on the day after Christmas. She wasn’t going out to spend her Christmas cash on some goody Santa failed to leave under the tree. She went out with the express purposes of buying Christmas cards, wrapping paper and decorations. But why go out and buy […]

The Third Time Is Not the Charm (Video)

The Federal Reserve is in the midst of inflating its third big bubble. During an interview with Greg Hunter last month, Peter Schiff said the third time isn’t going to be the charm.

Gold Can Unify Us Across the Great Political Divide

There is one thing Republicans and Democrats should agree about – buy gold. But like everything else, the yellow metal has become politicized. If you believe the stereotype, only people on the right buy gold. A recent article by Martin Tiller at Nasdaq.com highlighted the phenomenon.

European Investors Lead the Way as Gold Continues to Flow into ETFs

After a somewhat tepid October, gold inflows into ETFs picked up again in November, driven primarily by investors in Europe. Global gold-backed ETFs increased their holdings by 9.1 tons last month, according to the latest data released by the World Gold Council. This continues a streak of monthly gains. In October, inflows came in at […]