Peter's Blog

Fun on Friday: Louis Vuitton Handbags Murdered to Make Gold Toilet

At SchiffGold, we pride ourselves on being a full-service precious metals dealer, and my Fun on Friday column is no exception. I want to make sure I’m providing you all the information you need. So, do you remember the previous Fun on Friday post when I told you how you can turn your next dinner party […]

Is a December Rate Hike Necessarily Bad News for Gold?

Conventional wisdom holds that an interest rate hike in December will be bad for gold. But will it? There is actually evidence the opposite could be true.

Thompson Reuters GFMS Outlook: Gold Above $1,400 in 2018

Analysts at Thomson Reuters expect the price of gold to push back over $1,300 and then continue to rise above $1,400 through next year, primarily driven by overvalued stock markets, according to the GFMS Gold Survey 2017 Q3 Update and Outlook.

Gold Continues to Flow into ETFs with European Funds Leading the Way

After surging in August and September, inflows of gold into gold-backed ETFs flattened, but remained in positive territory in October. Global gold-backed ETF funds added 3.3 tons of gold last month, as inflows into European funds offset outflows in North America. according to the latest report by the World Gold Council. 

Optimistic Signs in Indian Gold Market Despite Q3 Demand Drop

If you saw the headlines last week, you know overall global gold demand fell steeply in the third quarter of this year. But as we reported, there was a lot of good news for gold buried beneath the gloomy headlines. Slumping Q3 gold demand in India was a big driver in the overall global decline, but […]

Good News Behind Gloomy Gold Headlines: SchiffGold Friday Gold Wrap 11.10.17

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: The Woman with Gold Hands

For this installment of Fun on Friday, I was planning on telling you all about a $9,000 ball of yarn. But this morning, I found something even better.

Technology Sector Has a Growing Appetite for Gold; Demand Up 3%

The amount of gold used in the technology sector grew for the fourth consecutive quarter, according to the latest demand report by the World Gold Council. Tech industries consumed 67.3 tons of gold in Q3, a 3% increase year-on-year. Demand for memory chips served as a primary driver for increased industrial gold consumption.

Looking Beyond the Headlines: Demand for Physical Gold Is Healthy

If you’ve perused the mainstream headlines today, you’ve probably read that overall gold demand fell to an 8-year low last quarter. This was primarily due to a steep drop in inflows into gold ETFs compared to last year, and sagging jewelry demand in India after the implementation of a new tax scheme. But despite the […]

Turkey on a Gold Buying Spree

Turkey is buying gold. The question is: why? According to a Bloomberg report, the Turkish central bank added 3.8 million ounces of gold worth almost $5 billion to its reserves this year.