Peter's Blog

Fissures in the Economy: SchiffGold Friday Gold Wrap July 21, 2023

Janet Yellen recently said she doesn’t think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn’t think we should put a lot of stock on Janet’s prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening […]

More Than 800 Gold and Silver Coins Found in Kentucky Cornfield

A Kentucky man hit the jackpot when he uncovered money in a cornfield. The unidentified man unearthed 741 $1 coins along with a number of $10 and $20 pieces. There were more than 800 coins in the hoard with a face value of well over $1,000. Oh, and the coins were gold and silver, so […]

There’s No Place Like Home: SchiffGold Friday Gold Wrap July 14, 2023

As the saying goes, there’s no place like home. And more and more countries think that’s the case when it comes to their gold. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about why many central banks and sovereign wealth funds are bringing their gold home. He also talks about gold’s […]

Could States Pave the Way for Currency Competition?

The US dollar is on shaky ground. There is a growing trend toward de-dollarization. Meanwhile, the Federal Reserve is tinkering with the idea of a digital dollar that could give the government unprecedented control over your spending. Given the trajectory of the dollar, it might be a good idea to find some alternatives. In other […]

Fed People Saying Stuff: SchiffGold Friday Gold Wrap July 7, 2023

Despite doing nothing at the June meeting, Federal Reserve officials continue to talk tough about fighting inflation. The anticipation of another rate hike created headwinds for both stocks and gold this week. But Friday Gold Wrap host Mike Maharrey thinks something is amiss. In this episode, he talks about the disconnect between the central bankers’ […]

Compound Containing Silver Could Replace Lithium Batteries and Other Silver News

Researchers at Duke University are experimenting with replacing lithium in batteries with argyrodite, a mineral that contains silver along with other elements. This could further increase the demand for silver and tax an already strained silver supply.

Fed Misses the Target Again

The Fed managed to reduce its balance sheet by $45 billion last month. The majority of this was in Treasuries of 1-5 year maturities with a reduction of $55B. The next biggest reduction was in mortgage-backed securities MBS totaling $20 billion. This fell short of the target of $35 billion. In fact, the Fed has […]

Things Happen Slowly and Then All at Once: SchiffGold Friday Gold Wrap Podcast June 30, 2023

There was a lot of economic data this month that seems to signal a strong economy. Does it though? Is everything really fine? In this episode of the Friday Gold Wrap, host Mike Maharrey digs deeper into the data and reveals a less sanguine reality. He also explains the inner workings of the spot price […]

Rebound in Money Supply Will Prove Too Little, Too Late

Seasonally Adjusted Money Supply in May increased $131B. This is the first growth in adjusted M2 since last July and the largest increase since December 2021.

Chinese and Mexican Mines Are Running Out of Silver

Silver demand set a record in every category in 2022 and is expected to continue growing. Meanwhile, silver production flatlined. Record global silver demand and a lack of supply upside contributed to a 237.7 million ounce market deficit in 2022. The trends indicate that this deficit will expand in the next several years as demand continues […]