Peter's Blog

Gold Stocks vs. Bullion: Why the Lag?

You might think that the price of physical gold and the performance of gold mining stocks should more or less always move together, since higher gold prices typically boost miners’ revenues. However, there are instances—like now—where physical gold prices surge while gold mining stocks stay flat or even decline. There are a lot of reasons […]

Peter Schiff: Hot CPI Sends Gold Higher

On Wednesday evening, Peter took to his podcast to cover the week’s big economic headline: inflation is still running hot. In this episode he covers this week’s alarming CPI figures and the political fallout they caused. These metrics highlight just how unprepared Powell and the Fed are for coming stagflation.

Who’s Got Beef?

As the Fed becomes even more dovish on inflation, average Americans are paying the price on everyday goods and services. The price of beef, in particular, exemplifies the problems that arise when the government tinkers with interest rates and grows deficits with no end.

Gold-Silver Ratio: Silver Breakout Incoming?

Gold has reached new all-time highs, and the gold-to-silver ratio now exceeds 90:1. Such a high ratio has often signaled an impending breakout for silver prices. It indicates that silver could be undervalued, and we may be on the verge of a major price surge. Sometimes, if you miss a price run-up for gold, you […]

A Brief History of US Tariffs

President Trump says he wants to be “The Tariff President,” fully embracing a longstanding and powerful tool in the economic arsenals of nations. 

Schiff on X: Stagflation is Monetary Kryptonite 

On Monday night, Peter went live on X Spaces to discuss both Bitcoin and gold’s recent price action and interact with his followers in a Q&A. He dissects the current state of the global economy, lambasts retail investors and Wall Street, and paints a dire picture of fiscal mismanagement. 

Jerome Powell Rejects CBDC, Has No Plans for Rate Cuts

Federal Reserve Chair Jerome Powell made a definitive statement during Tuesday’s Senate hearing, affirming that as long as he remains at the helm, the Fed will not develop its own digital currency. During his semiannual testimony on monetary policy and regulation, Powell was asked by Sen. Bernie Moreno (R-Ohio) if he would commit to forgoing […]

Elon Musk’s Misunderstanding of Money

For better or worse, Elon Musk has taken a liking to old Milton Friedman videos. On the good side, Musk has embraced Friedman’s distrust of government and money printing. Friedman, however, was no Rothbard regarding the consistent application of ethical and economic principles to the actions of the state. Despite Friedman’s compromises and error-ridden macroeconomic theorizing, there’s […]

Treasury Adds $2.2T of debt in 2024

The Government debt binge has slowed in the latest month, adding only $2B in new debt for January.

Tariffs Won’t Bring Back American Prosperity

With the fallout from President Trump’s tariffs still echoing throughout the economy, many are lauding the president’s policies as valuable leverage against trade allies. What these praises miss, however, are the unintended consequences of protectionism and the depressing effect of political uncertainty on economic activity.