Peter's Blog

Fed Up! SchiffGold Friday Gold Wrap Sept. 8, 2023

We’re fed up — fed up with the Federal Reserve. After all, it is the engine that drives the biggest government in history. In this episode of the Friday Gold Wrap, host Mike Maharrey explains what the Fed is, how it came to be, and how it enables reckless government borrowing and spending. He also […]

For Those Who Labor… SchiffGold Friday Gold Wrap Sept. 1, 2023

We’re kicking off Labor Day weekend. That means you’re going to hear a lot of rhetoric about how the government needs to do more for workers. But as Friday Gold Wrap host Mike Maharrey explains, we don’t really need better government policies for workers. We need better money for everybody. He also talks about tanking […]

Another BRIC in the Wall: SchiffGold Friday Gold Wrap Aug. 25, 2023

The BRICS economic bloc announced it will add six new members, including Saudi Arabia. The growing influence of BRICS could ultimately dent Western economic power and undermine the dollar’s role as the world’s reserve currency. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the ramifications of BRICS expansion, de-dollarization, and […]

Is This a 2007 Redux? SchiffGold Friday Gold Wrap Aug. 18, 2023

There is a growing consensus that the Federal Reserve can successfully slay price inflation and bring the economy to a soft landing. After all, the economy appears to be chugging along. But as Friday Gold Wrap host Mike Maharrey explains, there are a lot of things bubbling under the surface that should temper that optimism. […]

Silver Price Inexcusably Low Given the Market Dynamics

Silver is significantly undervalued right now. One analyst called the current price in the $22 an ounce range “inexcusably low.” But many analysts are bullish on silver in the medium term with projections of prices climbing to $50 to $100 an ounce over the next two to five years. The question is when will we […]

How Turkey’s Love Affair With Gold Impacted the Global Market

Turkey’s love affair with gold has had a major impact on global gold flows, especially through the first half of 2023. Turks have historically held a lot of gold, both in jewelry and investment form. The country ranks as the fifth-largest gold market in the world. But with recent economic turmoil in the country demand […]

The Bill Is Coming Due! SchiffGold Friday Gold Wrap Aug. 11, 2023

Credit cards are great until the bill comes due. And the US economy has about maxed out the plastic. The Federal Reserve incentivized borrowing and the economy is buried under trillions of dollars in debt. As Friday Gold Wrap host Mike Maharrey explains in this episode, the bill is about to come due. He also […]

The Real Threat Is a Market-Driven Dollar Downgrade

Last week, Fitch Ratings downgraded the US’s long-term credit rating from AAA to AA+. While the downgrade won’t significantly impact the US government’s ability to borrow, it should serve as a wake-up call because there is a much bigger problem looming on the horizon: a market-driven downgrade of the US dollar.

You Have Questions; We Have Answers: SchiffGold Friday Gold Wrap Aug. 4, 2023

In this special episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listeners’ questions. He covers topics including the precious metals markets, investment strategies, the trajectory of the economy, the future of the US dollar, central bank digital currencies (CBDCs), and more.

Strong Investment Demand for Physical Gold Continued in Second Quarter

Investment demand for physical gold was up by 20% in the second quarter compared to last year, continuing a trend we’ve seen over the last 12 months. This helped push overall gold demand up 7% year on year when including over-the-counter (OTC) sales and stock flows.