Peter's Blog

According to a recent report published by the World Gold Council, pension funds across multiple countries are adding gold to their portfolios, not as a speculative bet, but as a structural response to problems with the traditional 60/40 stock-bond model. The findings arrive as gold trades near in the low 4,000s, reaching a high of […]

Americans own far less gold than they should. Less than .5% of American consumer portfolios are gold. Although gold provides countercyclical safety to the market and has grown consistently in relation to the dollar and performed not dramatically differently from the S&P over the last 25 years, Americans still only allocate a tiny portion of […]

In Sunday’s episode of the Peter Schiff Show, Peter tackles the disconnect between Wall Street optimism and economic reality. He walks through the dangerous complacency around rising bond yields, warns of a historic breakdown in market breadth, and reiterates his long-standing case for gold as the ultimate safe haven. He also touches on the psychology […]

Global investors added about US$3 billion to gold-backed exchange-traded funds (ETFs) in July, ending a two-month run of net outflows. The inflows lifted total assets under management 1 percent higher, to US$530 billion, and coincided with a 2 percent rise in spot prices, enough to end gold’s four-month decline. European and Asian buyers accounted for […]

The Bank of Japan’s Policy Board concluded its July 30-31, 2026 meeting with a fresh “Outlook for Economic Activity and Prices” that keeps inflation in focus. While the Bank raised its fiscal 2026 growth estimate slightly to a median 0.6 percent, it still expects consumer prices (all items less fresh food) to climb a median […]

In an unexpected echo of the 1990s, the U.S. Treasury on July 31st directed the New York Fed to sell euros and purchase Japanese yen, marking the first outright yen-buying intervention by the United States since 1998. Tokyo’s Ministry of Finance had already entered the market earlier that day, and Washington’s involvement turned the move […]

U.S. households grew more pessimistic in July, according to the latest data from the Conference Board, and investors responded by sending gold to yet another record. The Conference Board’s Consumer Confidence Index fell 1.4 points to 90.8 (1985=100), down from an upwardly revised 92.2 in June and continuing a decline that has persisted since late […]

Gold prices reached record highs in early 2026 following an epic 2025, fueled by central bank buying, inflation concerns, and demand for assets outside traditional finance. Since then, gold has pulled back significantly. Conditions created by the US-Iran war that began last February have contributed to this correction, but why?  While gold is usually pumped […]

Gold and oil price are connected uniquely through several different mechanisms. The recent conflict in Iran has created a massive international oil shortage and thrown the FX markets and gold prices around dramatically. While international tensions are often good for the gold market, in this situation, the price of gold experienced some dramatic downward price […]

America’s manufacturing engine kept chugging in February, but it’s clearly running on thinner fuel. The S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) dipped to 51.6, the softest reading in seven months and down from January’s 52.4. While any mark above 50 signals expansion, survey respondents pointed to brutal winter storms and fresh tariff levies […]