Peter's Blog

Peter Schiff: Now Is a Great Time to Get Into Gold

Markets have been yo-yoing and analysts have been debating what it all means. Peter Schiff appeared on RT Boom Bust on Aug 19 to talk about what’s going on in the global economy and more specifically in the gold market. Peter said now is an ideal time to get into gold. Peter started out the […]

Uncle Sam Is Spending Like We’re In Recession; What Happens When We Really Are?

Last week we got the updated federal budget deficit numbers. At $867 billion, the 2019 fiscal year budget shortfall has already eclipsed last year’s deficit of $779 billion. The out of control spending and spiraling deficits are concerning enough on their own terms, but they become absolutely horrifying when you consider that these budget shortfalls […]

Peter Schiff: There’s No Way Out and It’s Political Disaster for Trump

Peter Schiff appeared on Fox Business After the Bell last week after the yield curve inverted and the Dow dove 800 points. Peter said the looming economic disaster for the US will turn into a political disaster for Pres. Trump. Peter started out the interview asserting that everything the Federal Reserve has done since the […]

Recession Warning! SchiffGold Friday Gold Wrap Aug. 16, 2019

The bond market flashed a major recession warning sign as the yield curve inverted this week. Meanwhile, Trump whipsawed markets when he appeared to blink in the never-ending trade war with China. That made for an interesting week for gold. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks down the events of […]

Yield Curve Inverts Flashing Recession Warning; Stocks Plunge

The yield on the 10-year Treasury fell below the yield on the 2-year for the first time in 12 years, stoking recession fears and tanking stock markets. Yield curve inversions have preceded all nine recessions since 1955.  This was the first time the 10-year Treasury yield has dropped below the 2-year yield since June 2007 […]

Peter Schiff: The World Will Drown in an Ocean of Inflation; Gold Is Going Ballistic

The gold market took a one-two punch on Tuesday as Trump made some concessions in the trade war and inflation numbers came in a bit higher than expected. Peter Schiff talked about it in his latest podcast, saying gold traders still don’t understand the gold rally.

The Days of Quantitative Easing Are Back and We’re Not Even in a Recession Yet

Ever since the beginning of the “Powell Pause,” Peter Schiff has been saying it won’t be enough. If the Fed doesn’t want to upset the markets, soon it will be forced to go back to QE and zero percent interest rates.” Peter isn’t alone in saying this. After the most recent FOMC meeting, Ryan McMaken […]

Another Bad Sign for the Economy: Wholesale Inventories Surge Again

On Friday, the yield curve inverted, often a warning sign of an impending recession. Many mainstream pundits say we shouldn’t be concerned about the inversion and that the US economy is still healthy. They say there are other underlying reasons for the inverted yield curve. But there are plenty of other economic data points that […]

Recession Early Warning? US Yield Curve Inverts

Peter Schiff has said a recession is a done deal. Since he made that comment, we’ve seen more and more signs of a looming economic downturn.  On Friday, we got another. The yield curve inverted, historically a sign of a looming recession. The yield on 10-year Treasurys fell below the yield on 3-year bonds for […]

Dr. Marc Faber: We Are Probably Already In a Recession

Not too long ago, Peter Schiff said, “The rate hikes of the past have already guaranteed that the economy is headed for recession. It doesn’t matter whether they continue to raise rates in the future. The recession is a done deal.” In a recent interview, economist and editor of the Gloom, Boom and Doom Report,  […]