Peter's Blog

Peter Schiff: The Gold Train Has Left the Station

Gold rallied by over $50 an ounce last Friday and the rally has extended into this week with the yellow metal moving back above $1,700 an ounce. In his podcast, Peter Schiff explained why he thinks that gold has bottomed and this is a significant reversal.

Central Bank Gold Buying Hit Historically High Levels in the Third Quarter

Central banks added nearly 400 tons of gold in the third quarter, according to data compiled by the World Gold Council. This was 300% higher than Q3 2021 and came in as the largest quarterly increase in central bank gold reserves since the World Gold Council started keeping records in 2000.

National Debt Analysis: Treasury Prepares for Another Debt Ceiling Saga

Another debt ceiling fight is looming on the horizon and it appears the US Treasury Department is preparing for the drama. Meanwhile, rising interest rates are rapidly increasing the cost of the massive national debt.

Jobs Report: Only Education and Government are Above Trend

Despite the better-than-expected headline number, the job market continues to slow. According to the BLS, the economy added 261k jobs in October with a big upward revision in September from 263k to 315k. October was a beat against median expectations of 205k. The employment rate (black line) increased from 3.5% to 3.7% while the labor […]

Trade Deficit: The First Deficit Increase in Six Months

The September Trade Deficit increased for the first time in 6 months to -$73.3B. The deficit had been getting help from exports out of the Strategic Petroleum Reserve. As shown by the chart below, the increase this month was from a drop in Exports combined with an increase in Imports. The current value is still […]

A Wing and a Prayer: SchiffGold Friday Gold Wrap Podcast Nov. 4, 2022

The Federal Reserve delivered a 75-basis point rate hike at its November meeting, as expected. But what’s next? That’s a little harder to decipher. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the mixed messaging that came out of the Fed meeting and concludes the central bank’s monetary policy […]

Gold Demand Charts Healthy Increase in Q3

Gold demand rose 28% year-on-year in the third quarter, driven by robust consumer demand for physical gold and central bank buying, according to data released by the World Gold Council. Year-to-date, demand is up 18% compared to the same period in 2021, a return to prepandemic levels.

Why Should You Be Bullish on Silver?

There are reasons to be bullish on silver, not just because of its role as a monetary metal and inflation hedge, but also due to its importance as an industrial metal. Doug Casey recently talked about silver’s many uses and what it means for the future with International Man.

Will Managed Money Get Stuck Holding the Short Straw?

Managed money has controlled the gold and silver market over the last several months. But there are other dynamics going on unnoticed under the surface. Please note: the CoTs report was published 10/28/2022 for the period ending 10/25/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

Gold Is the Solution for Financial Crises — Not the Cause

Most people have a sense of history that goes back about two weeks. This is especially true in the world of investing and finance. As a result, people have a hard time seeing the big picture. For instance, a lot of people think the current inflation crisis was only due to the Fed failing to […]