Peter's Blog

The White House is Haunted by the Ghosts of Bankers

The halls of power are spooky indeed, for every new president enters a White House occupied for over a century by the ghoulish apparitions of the Federal Reserve. This unnerving reality is manifested in every administration, as bankers both past and present manipulate reality with the spells of interest rates, sprinkling the same old hemlock […]

China’s Role in Shaping the Future of Gold Markets

Gold’s phenomenal year so far is thanks in part to foreign central banks buying the yellow metal. With BRICS nations expanding their membership and growing in prestige, superpowers like China will likely turn to gold to escape the collapsing dollar.

The Model Behind the Madness

Central banks typically make decisions based upon the NK (New Keynesian) model. Its goal is to provide a framework to understand how interest rate decisions end up affecting the various measures of an economy’s performance. It differs primarily from the RBC and Neoclassical models in that it includes the real short term effects of monetary […]

Peter Schiff: Gold is Exposing the Phony Economy

On Tuesday’s episode, Peter covered a record setting week for gold and a stellar week for silver. With the metals nearly cresting $2800 and $35, respectively, Peter sees this price action as confirmation that the Fed’s recent rate cuts are a mistake. Politicians may love inflation, and the media is oblivious, but the metals markets […]

The Federal Reserve: A Seamless Extension of the Regime

The Federal Reserve often insists on its independence from political forces, but when push comes to shove, its purpose is to enable massive deficits and inflate the dollar for the government’s benefit. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.

Peter Schiff: 2% Inflation is Fantasy Land

Last week, Peter appeared on Soar Financially, where he was interviewed by host Kai Hoffmann. The two dive into gold’s upward trajectory and its historical precedents, the market’s misguided optimism when it comes to the American economy, and recent events in domestic politics and international banking.

Schiff on Commodity Culture: The Mainstream is Wrong on China

Yesterday Peter joined host Jesse Day on his show, Commodity Culture, to discuss the upcoming election, the historic decline of the dollar relative to gold, and a possible return to quantitative easing. They also devote time to global affairs, namely recent violence in the Middle East and movement in the Chinese equity market. 

Dollar vs. Yen: A Race to the Bottom

The troubled yen surged last week as the Fed cemented their decision to implement a huge interest rate cut as Shigeru Ishiba, an advocate for higher interest rates in Japan, won the election for Japanese Prime Minister.

Schiff on Schwab Network: Gold Just Getting Started

Last week Peter joined Oliver Renick on his show, “Market on Close,” on the Schwab Network. They discuss gold’s stellar year in 2024 and where the metal is heading, and Peter also comments on the price of crude oil, treasury yields, and the Fed’s recent rate cut. 

Schiff with Burack: Even 2008 is Preferable to 2024 

Last Tuesday, Jason Burack, host of “Wall St for Main St,” interviewed Peter. They cover the state of gold and silver markets, the similarities between 2024 and 2008, and the flaws with government data. Peter also predicts a return to QE-style Fed policy in the near future.