Peter's Blog

COMEX Update: JP Morgan on the Ropes in Gold as Silver Coverage Reaches Record Low

On the surface, everything still looks fine at the COMEX, but the data reveals more going on. This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the […]

Peter Schiff: A Death Blow Is Coming for the Dollar and People Will Run to Gold

There has been a lot of talk lately about de-dollarization. As just one example, the BRICS nations recently announced they are developing a new currency. Peter Schiff recently appeared on Commodity Culture with Jessie Day to talk about the trajectory of the dollar. He said that the death blow for the dollar is coming. And […]

Arkansas Law Makes Gold and Silver Legal Tender in the State

Arkansas Gov. Sarah Huckabee Sanders has signed a bill into law making gold and silver legal tender in the state. The new law also effectively repeals the state capital gains tax on gold and silver. Enactment of this legislation will relieve some of the tax burden on investors, and take a step toward treating precious […]

Peter Schiff: Gold Is on the Launchpad

Gold has alternately rallied and tanked over the last week based primarily on how investors view the inflation fight. When they think the Fed is about to win, they buy gold. When they think the fight may have to continue, they sell. In a recent podcast, Peter explained that investors are right to buy gold […]

Q1 Gold Demand in China Hit Highest Level Since 2019

After ending 2022 on an upward trend, China’s gold market continued to rebound during the first quarter of 2023. Wholesale gold demand in China during Q1 hit the highest first-quarter level since 2019. Meanwhile, gold imports charted the strongest start to a year since 2015.

Is the Pivot in Play? SchiffGold Friday Gold Wrap April 14, 2023

With the CPI coming in slightly cooler than expected and producer prices unexpectedly falling, a lot of people think the Fed pivot is now in play and we will soon see an end to monetary tightening. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the possibility of a pivot, […]

TTM Net Interest Expense Exceeds Half a Trillion Dollars

The Federal Government ran a gargantuan deficit of -$378B in March. This is over $100B larger than the massive February deficit. In the last three years, only the deficit last September was larger because the government recognized the cost of Biden’s student loan forgiveness. September aside, this month was the largest deficit month since March 2021 […]

Getting CPI Back to 2% Is a Fantasy

The CPI rose in March by 0.06%, which was less than expected. That said, as the chart below shows, the fall in Energy prices was entirely responsible for containing an otherwise high CPI.

Gold Was Up Over 9% in the First Quarter

Gold was up 9.2% to a quarterly average of $1,980 an ounce in the first quarter of 2023. This was just 1% off the record high charted in Q3 2020.

Peter Schiff: Traders Still Getting Jobs and Inflation Wrong

The dollar rallied and gold sold off on Monday after the March labor report came in at expectations and comments by the new Bank of Japan governor indicated he plans to continue the country’s ultra-loose monetary policy. In his podcast, Peter explains how traders continued to get both jobs and inflation wrong.