Peter's Blog

January Historically a Strong Month for Gold

If history is any indication, January will be a good month for gold. According to analysis by the World Gold Council, gold tends to perform well in the first month of the year.

(Mis) Remembering a Christmas Classic!

Would you rather have silver and gold? Or would you rather have peppermint? You might be under the impression Yukon Cornelius of Rudolph the Red Nose Reindeer fame was after riches of silver and gold. He wasn’t. I mean, I hate to mess with your Christmas memories, but facts are facts.

That’s One Heck of a Drug! SchiffGold Friday Gold Wrap Dec. 22, 2023

US stocks surged with the promise of interest rate cuts. Then stocks tanked when some Fed officials tried to walk that promise back. Then they surged again when some weak economic data put rate cuts back on the table. As Friday Gold Wrap host Mike Maharrey put it, easy money is one heck of a […]

Bills Filed in Oklahoma and Missouri Would Eliminate Capital Gains Tax on the Sale of Gold and Silver

Bills filed in the Oklahoma and Missouri legislatures for the 2024 legislative session would eliminate state capital gains taxes on the sale of gold and silver. The legislation would also take other steps to treat gold and silver as money instead of as commodities.

Biden and the Media Are Gaslighting Us About Inflation

The Federal Reserve and the US government create inflation and then blame everybody else. President Joe Biden recently finger-pointed at “greedy corporations,” saying they need to “lower prices” now that inflation come down. Whether he is really that ignorant or just lying, Biden’s comments serve a purpose. As Ron Paul put it, they gaslight the […]

Tanzania Central Bank Announces Plan to Buy More Gold

The Bank of Tanzania plans to buy 12 tons of gold during the fiscal year in an effort to boost its foreign exchange reserves. The East African nation joins a growing number of central banks turning to gold.

Peter Schiff: Dow Jones Still Far from Record When Priced in Gold

The Dow Jones index hit record highs last week. But when you price the index in real money — gold — it remains far below record levels.

What a Difference Two Weeks Makes! SchiffGold Friday Gold Wrap Dec. 15, 2023

Two weeks ago, Federal Reserve Chairman Jerome Powell said it would be “premature” to conclude that monetary policy is sufficiently restrictive. This week, the Fed indicated rate cuts are on tap for next year. What a difference two weeks makes! In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down this week’s […]

Peter Schiff: Joe Biden Doesn’t Have Anything to Take Credit For

Most mainstream pundits characterized the November jobs report as a “Goldilocks” report. Job growth was strong enough to support the “soft landing” narrative but not so strong it might scare the Fed into raising interest rates again. President Joe Biden used the report to boast about his economic achievements. But according to Peter Schiff, Biden […]

Battling Economic Ignorance One President at a Time: SchiffGold Friday Gold Wrap Dec. 8, 2023

It’s not a good idea to argue about things you don’t know anything about. Most people realize this — until it comes to economics. A lot of people argue economics from a position of ignorance. President Biden is one of those people. In this episode of the Friday Gold Wrap, host Mike Maharrey dissects a […]