Peter's Blog

Petrodollar on Shaky Ground; Saudi Arabia Willing to Discuss Selling Oil in Other Currencies

In a recent interview, Saudi Arabia Finance Minister Mohammed Al-Jadaan said the country is open to discussing trade in currencies other than the US dollar. This could mark the beginning of the end of petrodollar exclusivity. That would be a huge blow to dollar dominance.

Biden’s Gas Money Giveaway Would Only Make Things Worse

These people never learn. Or they just don’t care. The Biden administration is reportedly still considering sending out gas rebate cards to help Americans cope with rising gasoline prices. But this kind of government handout is one of the primary reasons we’re suffering through this inflation firestorm to begin with.

Is Corporate Greed Behind High Gas Prices?

There is a meme floating around social media that seems to prove greedy corporations – specifically oil companies – are the root cause of inflation. How does this meme stack up to reality? Short answer — it doesn’t.

A Petroyuan Would Be a Kick in the Gut for the Dollar

Last week, I asked the question: is the US undermining the dollar’s credibility? It appears the answer is — yes. In another blow for dollar dominance, Saudi Arabia is reportedly considering pricing at least some of its Chinese oil sales in yuan.

Peter Schiff: Sanctions on Russia Could Mean Even Higher Inflation for Americans

President Joe Biden has announced the first round of economic sanctions on Russia as tensions in Ukraine continue to mount. The sanctions came in response to an announcement by Russian President Vladimir Putin recognizing two breakaway republics in Ukraine and his decision to send troops into those regions. Sanctions are meant to punish Russia, but […]

Peter Schiff: The Fed Is Going to Lose the Inflation Fight

The markets continue to brace for the Fed’s impending inflation fight. But as Peter explained in his podcast, they’re not bracing for the Fed to lose that fight. And the Fed is going to lose that fight.

Translating Fed-Speak: SchiffGold Friday Gold Wrap Podcast Feb. 19, 2021

The Federal Reserve released the minutes from its January meeting this week. It featured some pretty thick Fed-speak. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey translates and tells you what the Fed is telling you about inflation. He also talks about why he thinks gold and silver are both struggling […]

Live Your Hopes, Not Your Fears: SchiffGold Friday Gold Wrap April 24

It was another crazy week on Wall Street with a lot more economic doom and gloom, punctuated by a complete meltdown of the oil futures market. In this week’s Friday Gold Wrap podcast, host Mike Maharrey talks about some of the highlights – or lowlights – but he also injects a little optimism into the […]

What the Heck Happened to Oil?

The price of oil turned negative on Monday for the first time in history. Of course, that doesn’t mean that somebody will soon pay you to put gas in your car. We’re talking about the price of oil futures contracts. Nevertheless, it does indicate just how out of whack the oil market has become.

Peter Schiff: Oil Price Drop Will Be Short-Lived

Oil prices crashed early this week as Russia and Saudi Arabia launched a full-blown price war. The big drop in the price of oil pulled stocks down yet again, with the Dow Jones losing over 2,000 points. But in an interview on RT, Peter Schiff said he thought the drop in oil would prove to […]