Peter's Blog

Powell Says Bitcoin is “Just Like Gold.” Except It’s Not

Jerome Powell recently told reporters that Bitcoin is “like gold—only digital.”

Peter Schiff: Bitcoin Can’t Buy Me

Peter recently appeared on the Shannon Joy Show, a podcast promoting liberty and independent thinking. Host Shannon Joy discusses Peter’s longtime criticisms of Bitcoin, and the two dive into gold’s future use as a money, as well as why Peter thinks cryptocurrencies are a bad investment.

Schiff vs. Breedlove: Gold will Thrive in a Digital Future

Last week, Peter participated in a Zerohedge debate moderated by Keith Knight (who also interviewed Peter recently). He faced off against Bitcoin advocate Robert Breedlove on his show, “What is Money?”  Peter and Robert discuss the future use cases of Bitcoin and gold, the philosophy and economics behind money, and what it would take for […]

With or Without Tariffs, the USD is a Ponzi

With soaring deficits, soaring debt, and interest payments that can only be made by issuing a debt-based currency on which even more interest will be due, the USD can only possibly be described as an elaborate nation-state level bankster Ponzi scheme. 

The Cantillon Effect Explained: Why Inflation Helps the State at Your Expense

The Cantillon Effect, named after 18th-century economist Richard Cantillon, describes the way newly created money flows through an economy, affecting different sectors and social classes unevenly. When a central bank like the Federal Reserve injects new money into the economy—often through measures like quantitative easing or low interest rates—this money doesn’t distribute itself evenly. Instead, […]

Judy Shelton Returns with a Bold Plan to Restore Gold

2024 has demonstrated why gold is worth investing in, especially for foreign central banks, who seek to shore up the weaknesses of their fiat currency by buying gold. In her newest work, former Trump administration advisor Judy Shelton argues that a return to sound money requires going back to gold.

SchiffGold Exclusive: Utah State Representative Speaks on New Precious Metals Law

As the U.S. economy progresses toward monetary catastrophe, individual states are taking action to preserve and enable the use of sound money. Utah recently passed HB 348, which took effect in May and authorizes the state to invest a portion of its funds in precious metals. State Representative Ken Ivory sponsored the bill, and in […]

New Peter Schiff Interview: Gold, not Bitcoin, is the Solution to National Debt

Last week Scott Melker interviewed Peter on The Wolf of All Streets podcast. They have a friendly discussion about Bitcoin’s future, the differences between gold and crypto, and the overlap in the crypto and precious metals movements.

Ron Paul: Fed’s “Dollar Destruction” and Moral Crisis

Ron Paul’s recent op-ed from the Ron Paul Institute for Peace and Prosperity, reprinted in the Orange County Register, breaks down the profound damage caused by central bank money printing: it pits savers against speculators, encouraging consumers to use debt to fund basic needs since their savings are constantly evaporating due to monetary debasement.

Bills Filed in Oklahoma and Florida Would Create State Bullion Depositories

Bills filed in Florida and Oklahoma for the 2024 legislative session would create state precious metals bullion depositories. State-run bullion depositories would not only create a place to store precious metals; they could also encourage the use of sound money in those states and set the stage to undermine the Federal Reserve’s monopoly on money.