Peter's Blog

A Bucket of Cold Water: SchiffGold Friday Gold Wrap April 17

Gold sold off overnight and stock futures soared after President Trump offered some guidelines to “reopen America.” There was also news of a promising COVID-19 treatment. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey throws a bucket of cold water on all of the optimism. He explains why the economy won’t […]

Flow of Gold into ETFs Sets Quarterly Record

Inflows of gold into gold-backed ETFs set a quarterly dollar record in Q1 2020 as holdings increased by the most tonnage in any quarter since 2016. Gold-backed ETFs added 298 tons of gold through the first three months of 2020, amounting to $23 billion in net inflows. That pushed total holdings to a new record […]

Peter Schiff: The Fed Is Printing Cash to Buy Trash

The stock market continued to rally last week despite the fact that the economy remained on lockdown. Stocks made gains even after the weekly report revealing that another 6.6 million people filed for unemployment, bringing the three week total to nearly 17 million people. That’s 10% of the workforce. In what kind of world does […]

What’s Next? SchiffGold Friday Gold Wrap April 10

The economic lockdowns continued and another 6.6 million Americans joined the ranks of the unemployed this week. But the stock market rallied? How can this be a thing? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains what’s going on. And then he asks the burning question: what’s next? What is […]

Cash Is Trash

Earlier this year, Ray Dalio quipped that “cash is trash.” During a recent Reddit “ask me anything” session, Dalio doubled down, warning that the rush into the US dollar is a mistake. Why? Because the Federal Reserve has fired up the printing press and is pumping out cash at a dizzying pace.

Delusional Thinking: SchiffGold Friday Gold Wrap April 3

As the coronavirus economic lockdown drags on, there seems to be a lot of delusional thinking out there. Many people seem to believe that at some point, President Trump will snap his fingers and the economy will roar back to life. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at […]

What About Silver?

There’s been a lot of focus on gold with the crashing stock market and economic chaos set off by the coronavirus economic lockdown. But what about silver? There were reasons to be bullish on silver even before the bottom fell out of the stock market. In its 2020 Market Forecast, the Silver Institute projected that […]

We’ve Been Stimulated! SchiffGold Friday Gold Wrap March 27, 2020

On Monday, the Fed announced QE infinity and by mid-week, Congress had agreed on a $2 trillion stimulus package to battle the economic impacts of the coronavirus. That launched us into a bizarro world where a weekly record of over 3 million unemployment claims led to a huge stock market rally. As Mike Maharrey put […]

Bailout Nation: SchiffGold Friday Gold Wrap March 20, 2020

It’s been another week of selloffs in the markets. It’s not just stocks. Everything is selling off. The only thing really gaining right now is the US dollar. Meanwhile, the government is promising bailouts for all. In this episode of the Friday Gold Wrap, host Mike Maharrey looks ahead at the possible ramifications of all […]

Beware of Gold Scams!

The demand for physical gold has gone through the roof in the midst of economic chaos caused by the coronavirus. We’re beginning to see shortages of some bullion products. As more people pile into the market,  the number of scammers looking to take advantage of gullible investors also increases. Recently, some guy started commenting on […]