Peter's Blog

TTM Trade Deficit Collapses to pre-2001 Levels Relative to GDP

The Trade Deficit is one of the two components of the ‘twin deficits’; the other being the federal budget deficit. The trade deficit used to be a number that received a ton of attention in the 1980s and 1990s because it was determined to be a strong gauge of the strength and weakness in the […]

Schiff on Capital Cosm: Buy Gold, Dump Crypto

In his latest Capital Cosm interview, Peter lays out a clear case for gold as the reliable hedge against policy-driven inflation and economic turmoil. He links recent market moves to central bank behavior, wartime spending, and a rotation out of Bitcoin into metal, arguing investors should rethink the digital-gold narrative. The conversation touches on liquidity, […]

The Working Americans’ Tax Cut Act Robs Peter to Pay Paul

If you listen to politicians in Washington, the Working Americans’ Tax Cut Act proposed by Virginia Representative Don Beyer sounds like a gift to the middle class. But by decreasing taxes for some by increasing them for others, it only robs Peter to pay Paul. A tax decrease that is financed by a simultaneous tax […]

Gold & Silver Bottom, Bitcoin Cracks as War and Oil Spike Hit Markets

Peter Schiff reviews a volatile week in markets, arguing gold and silver likely put in a bottom after briefly breaking prior lows and closing higher. He contrasts that with major stock indexes sliding deeper into correction territory, which he says could turn into a bear market if the war drags on. Schiff focuses on oil […]

Schiff vs. Moss: Gold is the Superior Reserve Currency

On Thursday, Peter faced off against Mark Moss in a ZeroHedge debate to lay out a clear, market-focused case for gold and a skeptical case against Bitcoin. He argues that central banks are quietly shifting away from the dollar into gold because they no longer trust the ability of the U.S. government to repay debt […]

Deflation Isn’t the Danger – The Fear of It Is

Over a century of central banking has instilled an irrational fear of falling prices in the American public. But the reality is that falling prices are what make our economic lives better, and inflation, the regime’s preferred monetary policy, is far worse than deflation. The following article was originally published by the Mises Institute. The […]

This War Isn’t Affordable – It’s Debt-Funded

Unsurprisingly, the United States’ latest war is expensive and will almost certainly be financed via debt and inflation. While right- and left-wingers bicker about the costs of conflict in Iran, both sides have lost sight of the fact that the US can’t afford either of their preferred slates of government services– whether it be regime […]

Peter Schiff: War Spending is a Bigger Threat than Iran

In Wednesday’s episode of The Peter Schiff Show, Peter takes aim at Washington’s war spending spree, the markets’ strange reactions to developments in the Middle East, and the ways political messaging can move capital. He warns that the real danger to Americans comes from mounting debt and inflation, not foreign actors, and he again emphasizes […]

Money Supply Grows at Fastest Pace since 2021

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect. One key metric shown below is the “Wenzel” 13-week annualized money […]

Price Synergies of Gold and Oil Muddy the Water

Gold and oil price are connected uniquely through several different mechanisms. The recent conflict in Iran has created a massive international oil shortage and thrown the FX markets and gold prices around dramatically. While international tensions are often good for the gold market, in this situation, the price of gold experienced some dramatic downward price […]