Peter's Blog

Peter Schiff: Trump Is No Reagan; Powell Is No Volker

The dollar has shown some resilience this week. The dollar index clawed back after hitting multi-year lows last week. Meanwhile, gold saw its worst single-day decline in more than a year on Tuesday. One thing that hasn’t changed is the upward pressure on bond yields. In his most recent podcast, Peter Schiff said he thinks this […]

Federal Debt: A Cancer on Economic Growth

The mainstream investment world is starting to worry about the federal debt. CNBC put it this way: Goldman Sachs sees a tidal wave of red ink — and it may drag the US economy into its undertow.” Goldman recently released a note to clients saying virtually the same thing Peter Schiff has been saying for […]

Peter Schiff: We’re Ripe for a 1987-Style Crash (Video)

Stock markets have settled down after an awful couple of weeks earlier this month.  On Feb. 5, the Dow Jones suffered its largest-ever drop in terms of points. It was down 1,600 at one point and ultimately lost 1,175.21 points, a 4.6% drop that day. At one point during that week, the Dow was off […]

Debt, Debt and More Debt: SchiffGold Friday Gold Wrap 02.16.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Bond Yields Up, Dollar Down…What Gives?

The US dollar dropped to its lowest level in three years Friday. Extending losses on Thursday, the dollar index against a basket of six currencies dropped to 88.253. This marks its lowest level since December 2014. A Reuters report noted that “Traders’ confidence in the dollar has also been eroded by mounting worries over the United […]

Peter Schiff: Inflation Is Good for Gold! Duh!

Inflation is back. So what does this mean for gold? The consumer price index came in hotter than expected at 2.1%. A CNBC report said the number “pushes the economy toward a potential danger zone for inflation.”

Peter Schiff on GOP Hypocrisy, the Bond Market and Gold

The Babylon Bee captured the current state of the Republican Party in all of its hypocritical glory. The satirical website proclaimed “Republicans announce plan to pretend to be fiscally conservative again the moment a Democrat takes office.” The GOP said it would begin to decry deficit spending and the $20 trillion debt in order to […]

Deficits Don’t Matter? Fake News! SchiffGold Friday Gold Wrap Podcast 02.09.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Government Spending Going Up; Interest Rates Going Up; Stock Market Going Down

The bears were running on Wall Street again Thursday, as the Dow Jones suffered another steep tumble. After a record drop of  1,175 points Tuesday and a rebound Wednesday, the Dow shed another 1,333 points. The Dow Jones dropped 6.5% in four days. That’s the steepest decline in any week since October 2008. The S&P 500 […]

Corporations Drunk With Debt Thanks to Easy Money Punch Bowl

They call it the business “cycle” for a reason. Cycles repeat. As Peter Schiff pointed out in a recent podcast, the financial crisis was triggered by rising interest rates on the debt that had been accumulated in the years prior as a result of the Federal Reserve keeping interest rates at 1% for a year-and-a-half and then […]