Peter's Blog

The Word of the Day Is Volatility: SchiffGold Friday Gold Wrap Oct. 4, 2019

It was a bumpy ride in the markets this week. Right now, volatility is the name of the game – in both stocks and precious metals. People are getting nervous out there with some pretty grim economic data this week stirring up recession fears. Meanwhile, the US government just keeps spending money it doesn’t have. […]

Last Week in Review: Monday Sept. 30, 2019

Here is a summary of some of the significant economic data/news that came out last week. Third-quarter 2019 new orders for durable goods remain on track for a second annual decline.  August 2019 Real New Orders for Durable Goods showed a monthly gain of 0.2% [1.0% ex-Commercial Aircraft], but an annual decline of 4.9% [down […]

Is the Glass Half-Empty or Half-Full? SchiffGold Friday Gold Wrap Sept. 27, 2019

Gold and silver are down this week. There was some more hopeful trade war news and stronger than expected economic data that drove markets this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey covers it, plus some news that’s being mostly ignored. And he ponders a question: should we be […]

Peter Schiff: JP Morgan Indictments Don’t Prove Gold Manipulation Conspiracy Theories

You have probably heard about the JP Morgan traders indicted in a gold and silver market manipulation scheme. The allegations involve “spoofing.” Traders put in buy and sell orders with the intention of canceling them before execution. By creating false impressions of demand, they could potentially move prices and cash in on their own trades. […]

Peter Schiff Says the Price of Gold Is Going to Take Off! But Why? (Video)

Peter Schiff has been saying that the price of gold and silver are going to take off. But why? Peter isn’t just taking a wild guess or gazing into a mystical crystal ball. He’s basing this prediction on the unavoidable economic consequences stemming from decades of Federal Reserve mechanizations. In s nutshell, the central bank […]

Fed Mechanizations: SchiffGold Friday Gold Wrap Sept. 20, 2019

It was Fed week. As widely expected, the central bank cut interest rates another 25 basis points on Wednesday. But the real Fed action happened on Tuesday morning and most people didn’t even notice. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about all of the Fed mechanizations – not just […]

Peter Schiff: A Very Violent Move in the Bond Market

Former Reagan administration OMB Director David Stockman has called this the “mother of all bond bubbles.” Has that bubble popped? That remains to be seen, but bonds got hammered last week. Bonds have pretty much moved in tandem with gold over the last several weeks as perceived safe-haven trades. Peter Schiff talked about it in […]

I Owe, I Owe… SchiffGold Friday Gold Wrap Sept. 13, 2019

The price of gold whipsawed this week, driven up and down by various headlines. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some of the big news that moved the markets. But he said that we need to keep our eyes on the big picture. All of this is happening in […]

Indian Silver Market Sees Massive Expansion and Other Silver News

The silver market in India has enjoyed massive growth over the last several years. Demand for the white metal has increased from around 3,000 to 6,000 tons over the last five years, according to Chirag Thakkar, CEO of the Indian bullion company Amrapali Gujarat. The Silver Institute interviewed Thakkar for the latest edition of Silver […]

Here We Go Again! SchiffGold Friday Gold Wrap Sept. 6, 2019

Here we go again! Gold and silver both took a tumble yesterday because US and Chinese officials are reportedly going to have a meeting. Hope that this might mean a thaw in the trade war boosted risk sentiment and drove profit-taking in the precious metals markets. We’ve seen this song and dance before. In this […]