Peter's Blog

Words Matter! SchiffGold Friday Gold Wrap July 22, 2022

We’ve heard all kinds of excuses for inflation. It was COVID. It was Putin’s price hikes. It’s greedy corporations. This week, we learned it’s the millennials’ fault. As host Mike Maharrey explains in this week’s Friday Gold Wrap, all of these notions miss the mark. And they let the real culprit get off scot-free. How? […]

Ron Paul: Everybody Is Feeling Inflation Pain, Even Penguins

Inflation is off the chain. The CPI rose by 9.2% on an annual basis in June. As Ron Paul explains, everybody is feeling the pain. Even penguins.

Now Inflation Is the Millennials’ Fault! Or Is It?

Putin is causing inflation. Greedy corporations are causing inflation. COVID-19 caused inflation. We hear all kinds of reasons for the recent spike in prices. And now we have a new one. It’s the millennials’ fault. This is all wrong and it illustrates the problem with redefining inflation to be something it isn’t.

Does the Jump in Retail Sales Mean the Economy Is OK?

Retail sales rose 1% in June after a 0.1% decline in May. Mainstream media breathlessly reported that the jump in retail spending “eases” recession fears. Does it though?

Producer Prices Close to Record Levels in June

If you’re hoping red-hot inflation will cool down significantly in the coming months, you’re probably going to be disappointed if producer prices provide any indication.

Peter Schiff: A Tale of Two Dollars

The dollar has been on a tear in recent months. Just last week, the dollar index moved from 107 to 108 with an inter-week high of 109.3. The greenback also hit parity with the euro last week. The dollar is near a 20-year high compared to the European currency and a 24-year high against the […]

The Fed’s Sophie’s Choice: SchiffGold Friday Gold Wrap July 15, 2020

It happened again. The CPI data for June came in hotter than expected. Prices rose at the fastest pace in this inflationary cycle. That pushes the Fed ever closer to having to make a very difficult choice. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the most recent CPI data […]

Another Hot CPI Read Backs the Fed Deeper into a Corner

Fed Chair Jerome Powell and other members of the central bank have continued to talk tough about fighting inflation. But I’m pretty certain that in private, they were desperately hoping to see some cooling in the inflation data so they could start backing out of the ring. With a recession pretty clearly on the horizon […]

June YoY CPI Was Horrific – The Next Three Months Could Be Worse

The latest seasonally adjusted inflation rate for June came in at a blistering 1.35% MoM and 9.11% YoY, beating expectations of 1.1% and 8.8% respectively. All prices rose in May with 8 of 11 categories rising faster than the 12-month trend, representing 94.7% of the total CPI.

Three Reasons We’re Having a Silver Sale

Silver has dipped below $20 an ounce for the first time in two years. But given silver’s fundamentals, the current economic dynamics, and the trajectory of the Fed, silver appears very oversold. For the next week, you can take advantage of the lowest silver spot price in years, and we’ll even sweeten the deal with […]