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Some people claim gold isn’t “sound” money any more than dollars or euros. They argue that the gold supply can be inflated just like a fiat currency. After all, gold is constantly being pulled out of the ground, right? They say a gold standard actually makes the boom-bust cycle worse. But commentators who make this […]
The following article was written by Peter Schmidt. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. When Nixon closed the gold window in August 1971, the US found itself in exactly the same economic circumstances as Britain had in September 1931 when she reneged on her gold […]
Dan Kurz runs the DK Analytics website where he posts detailed breakdowns of complex economic issues. We recently interviewed Dan as part of our It’s Your Dime Series. In his most recent post, Dan used his analytical skills to break down the first 18 months of the Trump administration. Dan finds a little good, a […]
A 1980s era Far Side cartoon featured a veterinary student named Doreen studying equine medicine in Chapter 9 of her textbook. On the left-hand side of the page was a list of horse ailments. They included things like a broken leg, infected eye, runny nose, and a fever to name just a few. On the […]
Earlier this month, Peter Schiff said Federal Reserve policy is pushing us toward a no-growth, high-inflation economy. There are a number of factors in play. There are growing inflation pressures. There are record amounts of debt – both government and corporate. But behind all of these symptoms, we have a disease. Ron Paul digs down […]
The following article was written by Peter Schmidt. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. When currency was backed by gold, a central bank’s main function was to maintain the value of the issued currency in terms of gold. For example, if a central bank created […]
Up until 1964, silver was literally money in the United States. Dimes, quarters and half-dollars were made from 90% silver. Looking at the value of these silver coins today reveals just how much the US government and Federal Reserve have devalued American money. Gold tends to get more attention than silver, but the white metal […]
About a year ago, the IMF published a creepy paper offering governments suggestions on how to move toward a cashless society even in the face of strong public opposition. It hasn’t been in the news a whole lot lately, but the war on cash undoubtedly continues. Governments and central bankers claim moving toward a cashless society […]
Everything is great! We’ve heard this mantra over and over again from government officials, TV talking heads and Federal Reserve bankers. But as we’ve been saying, all the optimism in the world can’t trump economic reality. And there are a lot of signs in the global economy indicating everything is not, in fact, great. Dan […]
You can say, “Everything is great,” all you want. But if it isn’t, it isn’t. Pundits and politicians keep trying to talk up the economy. They might be able to keep optimism running high for a while, but at some point, expectations will run headfirst into economic reality. In his most recent podcast, Peter Schiff […]
