Peter's Blog

Is Higher Inflation Really Bad for Gold?

News of hotter than expected inflation numbers caused gold to sell off Tuesday. The markets seem to think rising inflation is bullish for the dollar and bearish for gold. But is it really? Is higher inflation really bad for gold? As Peter Schiff points out in his latest podcast, this whole notion is rather absurd.

Is Silver Set to Soar?

Could silver be set to soar? Analysts Barron’s spoke with recently think so. An article published on the business journal’s website last week predicted the white metal will emerge as a winner for the second straight year. With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is […]

Gold’s Rebound and Thoughts on Crypto: SchiffGold Friday Gold Wrap Podcast Oct. 13, 2017

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: Excrement of the Gods

The Aztecs described gold as the “excrement of the gods.” Apparently, it’s also the excrement of mere mortals. In a widely circulated story, the Swiss Federal Institute of Aquatic Science and Technology (EAWAG) reports that about $3.6 million in gold and silver are lost each year in wastewater and sludge discharged from Swiss wastewater plants each […]

Bitcoin or Gold? Do I have to Pick Just One?

People seem to enjoy pitting gold and Bitcoin against each other. But do I really have to pick just one? While cryptocurrency and precious metals have many similarities, in many ways they are polar opposites. And you can have both.

The Russia Story that Really Matters

We’ve heard a lot about Russian election hacking over the last year. But Jim Rickards said there is only one Russia story that really matters – that is the country’s efforts to break away from the hegemony of the US dollar and the dollar payment system that currently dominates global trade. Over 60% of global reserves […]

Germany’s Budding Love Affair with Gold

We talk a lot about India’s love affair with gold. The Asian nation ranks as the second largest gold consumer in the world, behind only China. Gold is intimately intertwined with Indian cultural and marriage rights, and it serves as a vital cog in India’s economy,  both above ground and underground.  But the yellow metal has a new […]

The News of Gold’s Demise Is Greatly Exaggerated: Why Cryptos Won’t Kill Gold

Cryptocurrencies have shown a lot of resiliency. Every time doubters proclaim Bitcoin is on the mat for good, it manages to claw its way back up. Bitcoin went into a freefall after the Chinese government announced plans to ban cryptocurrency trading on all domestic exchanges. But early Monday, the digital currency hit its highest level since early September. […]

Indian Gold Demand Up in September Even With Tax Rule

After nearly tripling in August, demand for gold in India remained strong last month, despite a tax rule that put a damper on high-dollar jewelry purchases. Gold demand rose 31% year-on-year in September. Imports came in at 48 tons, according to a Reuters report. Higher purchases by India, the world’s second-biggest consumer, could lend support to global […]

Reversal of Tax Rule Could Boost Gold Demand in India

The Indian government has reversed a tax rule that was putting a damper on gold demand in the country. The government included Indian jewelers under the Prevention of Money-Laundering Act last August. The rules increased compliance requirements for high dollar jewelry purchases. Buyers had to provide their income tax identity for transactions above 50,000 rupees […]