Peter's Blog

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.

JP Morgan Projects Record Gold Prices in 2024

JP Morgan forecasts $2,000 gold by the end of the year with the price continuing to rise to record highs in 2024. In his latest note, JP Morgan executive director of global commodities research Greg Shearer projects the price of gold will average around $2,175 an ounce by the fourth quarter of 2024. That would […]

What’s Next? SchiffGold Friday Gold Wrap July 28, 2023

The Federal Reserve raised interest rates yet again during its July meeting. So, what’s next? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and the weird messaging, and then speculates about the central bank’s next move given the current economic backdrop. He also talks about a […]

Chinese Gold Demand Charts Healthy Increase Through First Half of 2023

After hitting the highest level since 2019 in the first quarter, Chinese gold demand continued on a solid path through Q2. Through the first half of the year, Chinese gold consumption surged by 16%, according to the latest data from the China Gold Association (CGA).

John Hussman: This Stock Market Bubble Will End in Tears

John Hussman predicted the 2000 and 2008 stock market crashes. Now he’s saying the current stock market bubble will “end in tears.” In a recent note, the Hussman Trust president said the S&P 500 needs to plunge 64% in order to “restore run-of-the-mill long-term prospective returns.”

Millennials Investing in More Gold Than Boomers or X-ers

Millennials are buying more gold than Boomers or Gen-X, according to a recent survey. But there’s a catch. Millennials are also more likely to invest in paper gold instead of physical metal.

Fissures in the Economy: SchiffGold Friday Gold Wrap July 21, 2023

Janet Yellen recently said she doesn’t think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn’t think we should put a lot of stock on Janet’s prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening […]

There’s No Place Like Home: SchiffGold Friday Gold Wrap July 14, 2023

As the saying goes, there’s no place like home. And more and more countries think that’s the case when it comes to their gold. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about why many central banks and sovereign wealth funds are bringing their gold home. He also talks about gold’s […]

Many Countries Bringing Their Gold Home for Safekeeping

In the wake of Western sanctions on Russia after the invasion of Ukraine, many central banks are bringing their gold home for safekeeping, according to an Invesco survey of central banks and sovereign wealth funds.