Peter's Blog

Fed Reduces Treasury Bill Balance By Over $100B in May

The Fed reduced its balance sheet by $177 million last month. The majority of this was actually in Treasuries with less than 1-year maturity, totaling $102B. The next biggest reduction was in loans, totaling $40B.

Gold Has Record Number of Contracts Cash Settle to Start June Delivery

As expected, gold has turned in a fairly strong start to the month on the COMEX. It’s below April but is still early in the contract.

A Premium Episode: SchiffGold Friday Gold Wrap June 2, 2023

If you buy gold or silver, you’re going to pay a premium. So, what exactly is a premium and how is it determined? In this episode of the Friday Gold Wrap, host Mike Maharrey answers common questions about premiums. He also discusses the debt ceiling deal and reveals where Americans rank gold as a long-term […]

Nearly One-Quarter of Central Banks Plan to Buy More Gold in Next 12 Months

Over the last several years, central banks globally have added gold to their reserves at a historically high rate. It doesn’t appear the buying spree will end anytime soon. According to the World Gold Council 2023 Central Bank Gold Reserve survey, 24% of central banks plan to add more gold to their reserves in the […]

Understanding Premiums

When we talk about the spot price of gold and silver, or the return on precious metals investments, some people are quick to remind me that I’m not factoring in premiums. What exactly are premiums?

Faced With New Round of Demonetization Indians Turn to Gold

The Indian central bank has announced another round of demonetization with a plan to withdraw 2,000-rupee notes from circulation. The announcement led to a big jump in gold bullion sales. The 2,000-rupee note will remain legal tender, but they will have to be deposited or exchanged for smaller denominations by Sept. 30.

Americans Rank Gold as Second-Best Long-Term Investment

Americans consider gold the second-best long-term investment option, according to a recent Gallup poll. Gold beat out stocks, bonds and savings accounts. The perception that gold is the best investment over the long term rose from 15% in 2022 to 26% in the 2023 poll, overtaking stocks at the number two spot.

When the Solution Becomes the Problem: SchiffGold Friday Gold Wrap May 26, 2023

The debt ceiling “crisis” is coming to a head.  We’re pretty confident Republicans and Democrats will strike a deal and raise the debt ceiling. That’s supposed to solve the problem. But Friday Gold Wrap podcast host Mike Maharrey says the solution is the problem. In this episode, he also offers some bullish perspective on silver.

Comex Delivery Countdown: June Shows Promise

Gold is wrapping up May which has slightly exceeded the last minor month in March.

13-Week Money Supply Growth Crashes to -7.2%

Seasonally Adjusted Money Supply in April fell $167B. As the chart below shows, this is now the 9th consecutive monthly drop. This is also the second-largest drop of all time, behind only last month.