Peter's Blog

The Headline I’d Write: SchiffGold Friday Gold Wrap Sept. 24, 2021

The Federal Reserve wrapped up another FOMC meeting with a whole lot of talk and very little action. Interest rates remain at zero and quantitative easing continues unabated. The mainstream headlines are all focusing on the prospect of QE tapering. In this episode, Friday Gold Wrap host Mike Maharrey explains why he’d write a completely […]

Comex Countdown: Will Gold Lead Silver Higher?

This analysis focuses on gold and silver physical delivery on the Comex as we move from September into October. See the article What is the Comex for more detail.

Peter Schiff: Gold Will Explode; The Dollar Will Implode When the Markets Figure This Out

Peter Schiff says gold will explode and the dollar will implode when the markets figure out the Fed is crying wolf when it comes to monetary tightening. The Federal Reserve wrapped up another meeting without making any changes to its current extraordinary, loose, inflationary monetary policy. But the central bank did hint that it may […]

Chinese Gold Market Continues Post-Pandemic Recovery

The Chinese gold market continues to show signs of recovery after it was hit hard by the coronavirus pandemic. Chinese gold demand rebounded sharply in the first half of 2021 after plummeting in 2020, and imports remained strong in July, above 2019 levels, according to the latest data from the World Gold Council. China ranks as […]

Gold and Silver Both Drain from Comex Inventory

Gold and silver have both significantly drained from the Comex inventory since August 1. 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 data at the Comex to show the physical movement of metal […]

CPI Lie? SchiffGold Friday Gold Wrap Sept. 17, 2021

CPI data came in slightly cooler than expected for August, giving new energy to the “transitory” inflation narrative. But can we really trust these numbers? In this episode, Friday Gold Wrap host Mike Maharrey takes a deep dive into the CPI and considers this question. He also touches on the big gold sell-off Thursday sparked […]

Gold’s Growing Role in Healthcare

A couple of years ago, CNBC commentator Jim Leventhal made a pretty astounding comment. When asked about gold, Leventhal said he had no interest in it because gold has no uses as a metal. Of course, this is nonsense. Gold has a wide range of uses in sectors ranging from jewelry to high-tech electronics. And […]

Recent CPI Dip May Prove “Transitory”

The latest seasonally adjusted month-over-month inflation rate was 0.3% (vs. .4% expected), with a non-seasonally adjusted annual rate of 5.3% (vs 5.4% expected). The reason for the fall from July’s .47% pace was spread across multiple categories, specifically Commodities, Food, Shelter, and Transportation. While the CPI drop-off since the June peak appears to prove the […]

Breaking Down the $171 Billion August Federal Budget Deficit

The Federal Budget Deficit for August 2021 was $171B which was down from the $302B in July. The chart below shows the Federal Budget for the previous 18 months.

Peter Schiff: Inflation Will Win in a Knockout!

A lot of investors are disappointed in gold. After all, many buy gold because of inflation. Even with rapidly rising prices, the yellow metal hasn’t delivered as you might expect. During his virtual speech for the Money Show, Peter Schiff explains exactly what is going on. He said in the end, gold will be vindicated […]