Peter's Blog

Gold Flows into ETFs for Second Straight Month; Global Holdings Up on the Year

Gold holdings in gold-backed ETFs rose for the second straight month and turned positive for the year in November. According to a report by the World Gold Council, 21.2 tons of gold, valued at about $804 million, flowed into ETFs last month. Total global holding rose to 2,365 tons. 

Peter Schiff: Nobody Wants to Deal With the Truth

The stock market got a nice bump on Monday with the news that there was a “truce” in the trade war. That lasted all of one day. The markets tanked on Tuesday as investors realized the “truce” really didn’t mean anything. The Dow Jones plunged 799 points, a 3.1% drop. The S&P 500 declined 3.2%, […]

Peter Schiff: The Confidence Bubble Has Popped

Yesterday was another bad Monday on Wall Street. The Dow Jones dropped nearly 400 points and the NASDAQ fell deeper into “correction territory,” dropping another 3%. All five “FAANG” stocks closed in bear territory. These are the tech stocks that have propelled the long bull market. The NASDAQ is down 12.5% this quarter. Apple’s announcement […]

Report: Increasing Global Risk Highlight’s Gold’s Relevance

On Oct. 10, the IMF released its Global Financial Stability report, highlighting increased levels of risk revealed by a number of global metrics. Just after the report was released, stocks in the US, Europe and Asia lost 4%, 3% and 4% respectively over three days. As a recent investment update released by the World Gold Council […]

Focus on Fundamentals: Indian Gold Imports Expected to Jump in Fourth Quarter

After hitting their highest level in 15 months in August, analysts expect Indian gold imports to continue climbing in the fourth quarter. The flow of gold into India hit a 15-month high when it more than doubled to 100 tons in August. Demand started climbing in July when imports jumped for the first time in seven […]

Four Reasons to Be Bullish on Gold in the Long-Term

When looking at the gold market, it’s easy to get caught up in the daily price fluctuations or the most recent headlines on the financial channels and forget about long-term market dynamics. Gold, after all, is generally more of a long-term investment that has historically served as a hedge against economic turmoil and protected investors […]

World Gold Council Report: Gold Demand Soft in First Quarter

The World Gold Council described overall demand for gold as “soft” in its Global Demand Trends Q1 2018 report. Global demand was down 7% year-on-year. The WGC said the drop was primarily due to weak investment demand. Investors added to their holdings of gold coins and bars, as well as gold-backed ETFs, but at a […]

Could Rising Interest Rates Crush Stock Market Dreams? SchiffGold Friday Gold Wrap 04.27.18

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.

Frank Holmes Is Bullish on Gold: It’s Outperformed the S&P 500 (Video)

Last month, US Global Investors CEO Frank Holmes said he thinks gold may well hit $1,500 this year. He listed the specter of increasing inflation, a weakening dollar, and income growth in China and India as three reasons to be bullish on the yellow metal. This week, Holmes appeared on CNBC’s Squawk Box and continued to […]

Industry Report Projects Modest Increase in Gold Demand; Production to Remain Flat

Gold demand will increase modestly in 2018 as mine production remains flat, according to an industry report. Metals Focus released its Gold Focus 2018 report this week. It projects a 1% increase in gold demand this year with stronger physical investment, jewelry and industrial demand partially offset by a drop in central bank buying.