Peter's Blog

Gold’s Record Week! SchiffGold Friday Gold Wrap Aug. 9, 2019

The price of gold surged this week, breaking all-time records in a number of currencies. It also did pretty well in dollar terms, hitting six-year highs and pushing above the key $1,500 level. Meanwhile, silver had its best single day in over three years. What drove this week’s precious metals rally? And can we expect […]

Silver Charts Biggest Single-Day Gain Since 2016

Gold pushed above $1,500 again Wednesday (Aug. 7) and silver joined the party, charting its biggest single-day gain in nearly three years. Silver surged 73 cents on the day for a 4.4% gain, closing above the key $17 level for the first time since January 2018.

Stuck in Neutral: SchiffGold Friday Gold Wrap 05.03.19

The Federal Reserve FOMC met this week. When it was all said and done, the Fed did nothing. We’re stuck in neutral. As expected, there was no rate hike. Fed Chair Jerome Powell indicated that the central bank would likely maintain this neutral stance into the foreseeable future, staying patient, neither raising nor lowering rates. […]

Silver News: Global Demand Up and More Technical Innovations

Global silver demand rose for the first time since 2015 last year. The Silver Institute highlighted the growing demand for silver along with a number of technological innovations utilizing the white metal in its latest edition of Silver News.

Yo! Where’s the Inflation At? SchiffGold Friday Gold Wrap 04.26.19

The mainstream pundits and economists keep telling us inflation is “tame.” But is it really? Or are they just not looking in the right place? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about inflation and how it factors into the bubble economy. He also covers the week’s activity in the […]

This Is Silver on Sale; Take Advantage of the Opportunity

The silver-gold ratio currently stands at about 85-to-1. As one commentator put it, that’s “way out of whack.” But what does this really mean? In simplest terms, this is silver on sale!

Study Shows Increasing Demand for Solar Energy Drives Silver Prices Higher

Rising demand for solar panels pushes silver prices higher according to a recently released university study. Researchers at the University of Kent found a “causal relationship” between solar panel demand and the price of the white metal.

Fun on Friday: What’s the Big Deal About the Stanley Cup?

So, what do you think about the Muller report? I think it completely exonerates the president! No, wait. I think it shows he’s absolutely guilty and should be impeached! No, wait… Actually, I think the whole thing goes to show how people can spin political theater any way they want to, depending on their political […]

Monetary Heroin: SchiffGold Friday Gold Wrap 04.19.19

Just a few weeks ago, the mainstream was worried about economic growth. Now, all of a sudden, the mainstream is bullish about economic growth. It seems like the high from the Fed’s monetary heroin has fully taken hold. And it’s not just in the US. In this episode of the Friday Gold Wrap, host Mike […]

Production Plunges for World’s Largest Silver Miner in Q1

The world’s largest primary silver producer reported a plunge in production in the first quarter of the year, continuing a global trend of declining silver output. Total silver production at Fresnillo PLC dropped by 15% in Q1. The company blamed falling mine output on lower ore grades and reduced volume of processed ore.