Peter's Blog

Monkeys Are Better at Predicting Markets than Mainstream Pundits

Investors spend a lot of time mulling over predictions and prognostications made by various mainstream analysts, economists and talking heads on TV news shows. As it turns out, you might be better off listening to monkeys. As Jim Rickards put it, financial news TV is one big “prediction engine.” CNBC features as many as 120 […]

Report: Gold in the Early Stages of a New Bull Market

Are we in the early stages of a gold bull market? Incrementum thinks so and offers three key reasons for this assessment in its most recent In Gold We Trust Report. At the moment we are at the turning point towards a gold bull market. The macroeconomic and geopolitical factors support this tendency. One of […]

Axis of Gold: Countries Could Undermine Dollar Dominance Using Yellow Metal

Last week, we explained how economic sanctions on Iran could boost the price of gold as Iranians turn to the yellow metal as a way to skirt restrictions. In a recent article published by the Daily Reckoning, financial expert Jim Rickards put this in a broader context. He described an evolving “axis of gold” as […]

A Debt Spiral: SchiffGold Friday Gold Wrap 05.25.18

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: Criminally Confused

OK. We know people who go around burglarizing homes and businesses probably aren’t the sharpest tools in the shed. But a burglar in Grand Rapids, Mich., may take the cake for dumb criminals. The poor soul caught on camera burglarizing a local business was criminally confused. He apparently thought the company had left a stack of […]

What Can the Tooth Fairy Tell Us About Inflation

Earlier this week, I shared a story about my wife finding a bag of change in the attic of her grandparent’s old house that turned out to be worth over $2,000. The dimes, quarters and half-dollars in the bag were all minted before 1965. In other words, they were all made primarily of silver. The […]

World Gold Council Report: Gold Demand Soft in First Quarter

The World Gold Council described overall demand for gold as “soft” in its Global Demand Trends Q1 2018 report. Global demand was down 7% year-on-year. The WGC said the drop was primarily due to weak investment demand. Investors added to their holdings of gold coins and bars, as well as gold-backed ETFs, but at a […]

Egypt’s Second Richest Man Has Half His Net Worth Invested in Gold

The second richest man in Egypt has put half of his $5.7 billion net worth in gold. During an interview with Bloomberg, Naguib Sawiris said he expects gold to rally above $1,800 per ounce as “overvalued” stock markets crash. 

Jim Rickards Speculates About a Bank Run on the New York Fed’s Store of Gold

Could we be seeing a run on the Federal Reserve Bank of New York? Jim Rickards thinks we just might be. But it’s not your typical cash run. It’s a run on the bank’s gold. The classic image of this is the scene from the Christmas-season film It’s a Wonderful Life, with Jimmy Stewart. We’ve all […]

“Bond King” Not Bullish on US Government Bonds; He’s Looking at Gold

He’s been dubbed the “Bond King,” but Jeffery Gundlach isn’t particularly bullish on bonds right now – at least not US government bonds. And he’s certainly not bullish on stocks. Gundlach has his eyes on gold. Gundlach heads DoubleLine Capital, overseeing some $119 billion in assets. During a speech at the 2018 Sohn Investment Conference last week, he said […]