Peter's Blog

The Federal Open Market Committee (FOMC) trimmed its policy rate by 25 basis points yesterday, acknowledging that U.S. growth has “moderated” and job creation is sputtering even as prices keep climbing. The new 4.00 – 4.25 percent target range marks the third cut of 2025 and arrives with inflation still “somewhat elevated,” hardly a confidence-inspiring […]

After its Bitcoin-buying spree, El Salvador has made its largest gold purchase in over three decades, diversifying its holdings into real money. Across the world, Bitcoin evangelists are joining central banks and funneling capital into history’s one and only hard money asset. If they were smart, El Salvador would trade all their so-called “digital gold” […]

According to a report from the World Gold Council, global investors poured another US$5.5 billion into physically backed gold exchange-traded funds (ETFs) during August, extending a three-month buying streak and pushing total assets under management (AUM) to a record US$407 billion. Holdings climbed by 53 tonnes to 3,692 tonnes—the highest month-end tally since mid-2022—even as […]

Gold hit a fresh record high in the wake of Jerome Powell’s dovish comments that the Fed will consider cutting interest rates at its upcoming September FOMC meeting. As the Fed is forced into accommodative policy and possibly even eventual QE, get ready for even more record highs for the yellow metal. But just don’t […]

UBS recently increased its March 2026 gold forecast by $100 to $3600. As much as regulatory entities try to make gold take a back seat, everyone else seems to recognize its huge value added to any investment portfolio. The continuing acceleration of the Dollar’s decline is a huge factor in the UBS gold increase projection. […]

Gold’s momentum refused to cool in the second quarter of 2025, with total demand—over-the-counter trades included—hitting 1,249 tonnes, up 3 percent year-on-year. In dollar terms the jump was far more dramatic: US$132 billion changed hands, a 45 percent leap to an all-time quarterly record. The London Bullion Market Association (LBMA) afternoon fix set a fresh […]

While some still cling to the idea that economic and governmental development of Third World countries will come from external forces, it is becoming a much more widely accepted truth that the most robust long-term growth only comes when it is spurred by the countries themselves. Even when resources come from other countries, a great […]

Even free of outside interest, the government would still create inefficiencies and have numerous conflicts of interest, but a recurring core of over regulation and poor governmental choices is interference by businesses. While there are many legal paths to this, they most often end very poorly for both citizens and most businesses. Business interference in […]

Gold prices refused to budge much last week, with the LBMA Gold Price PM settling Friday at $3,344 per ounce—just 0.3 percent below the prior close. That leaves the metal up a dazzling 28.6 percent year-to-date, still among 2025’s best-performing assets despite a flurry of trade headlines and political theatrics. Early gains driven by tariff […]

If you ask most people why they have little or no gold, they will often tell you that the stock market gets much higher returns. This is said with a great amount of conviction, as if it were an obvious fact. However, that fact is far less obvious than they might think. Gold has fared […]