Peter's Blog

Higher for Longer? Insights from the Copper/Gold Ratio

In the realm of institutional asset management, the copper/gold ratio (blue line) has served as a key indicator for some, providing insights into the potential trajectory of 10-year Treasury yields (red line).

Never Ending War on Cash

In the last few decades, there has been a global shift towards a “cashless world,” a trend that continues to shape financial autonomy. Physical currency is becoming increasingly rare as the majority of the world’s money supply exists in electronic form. Governments and financial institutions are actively promoting a cashless society, raising concerns about individual […]

Ballooning Credit & Rate Cuts: A Perfect Storm for Default

With consumer debt reaching record levels, the Federal Reserve contemplating rate cuts in 2024, and post-Covid inflation still yet to reach its peak, a storm is indeed brewing.

The Indian Youth Bulge and Demand for Gold

When a country starts to develop economically, a few things tend to happen: the death rate falls, workers become more productive, consumers consume more, and birth rates normally fall. During this period, countries experiencing such changes have a relatively small number of retirees and a small share of the population composed of children.

Central Banks Will Keep Gobbling Gold in 2024

The first half of 2023 was a record-breaking moment for central bank gold buying, led by none other than China and Russia. Organizations like the World Gold Council reported a staggering increase compared to 2022:

The US Treasury Is Running Low on Credit

The US is on the brink of a debt disaster, spiraling into $33 trillion of debt. That is over 180% of GDP.  The cause? Skyrocketing government spending matched with insufficient tax revenues, leading to ever-deepening deficits. The US Treasury is now low on credit and out of time. Interest payments on this colossal debt have […]

It’s 2024! I Resolve…

Happy New Year from me and everybody at SchiffGold! Here’s hoping it is an absolutely fantastic year. So, have you made any New Year’s resolutions?

The End! SchiffGold Friday Gold Wrap December, 29, 2023

We’ve reached the end of another year. A new year is always a good time for reflection. And maybe even some resolutions. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the trajectory of gold as we enter the new year, explains an economic truth, offers some thoughts on New […]

Peter Schiff: This Will Send Gold Off to the Races

Peter Schiff recently appeared on the Commodity Culture podcast to talk about gold. He said that while gold has done relatively well this year despite significant headwinds, we haven’t seen anything yet. Once the markets realize inflation is here to stay, gold will be off to the races.

Bills Filed in Oklahoma and Florida Would Create State Bullion Depositories

Bills filed in Florida and Oklahoma for the 2024 legislative session would create state precious metals bullion depositories. State-run bullion depositories would not only create a place to store precious metals; they could also encourage the use of sound money in those states and set the stage to undermine the Federal Reserve’s monopoly on money.