Peter's Blog

Gold Continues to Flow into ETFs

After hitting the highest level in more than a year last month, gold continued to flow into ETFs in May. But regional trends have reversed with European and Asian funds adding gold, as the yellow metal flows out of North American funds. Global gold-backed ETF holdings added 15 tons of the yellow metal in May, boosting […]

Social Security and Medicare Going Broke Even Faster than Projected

Are you depending on Social Security and Medicare for your retirement? You might want to rethink that plan. These government retirement programs are going broke even faster than expected.

US Public Debt and Interest Payments Hit New Record

The US debt continues to skyrocket and it’s costing Uncle Sam more and more money just to make the interest payments. The US public debt hit a record high of $21.145 trillion on the last day of May. Meanwhile, the cost of servicing all that debt also spiked, increasing by $26 billion through the first […]

Peter Schiff: The Problem With Phony Prosperity Is That It’s Phony

A lot of seemingly positive economic data came out last week, but in his most recent podcast, Peter Schiff said it is just feeding into a delusional economic narrative that ignores the most fundamental storyline – debt. Everybody is talking about a new era of prosperity, but Peter said it’s a phony prosperity and it […]

Gold In Tech: Tiny Golden ‘Robots’ Can Cleanse Your Blood

It’s like something out of a sci-fi movie – tiny robots zipping around through your veins zapping dangerous microbes. Except this isn’t some fictional scenario out of a Star Trek movie. It’s real-life technology thanks to gold. Scientists have developed gold “robots” coated with a membrane that neutralizes dangerous pathogens such as MRSA. This is […]

Some in Mainstream Starting to Acknowledge Dollar Bear

Not everybody in the mainstream is bullish on the dollar and expecting rate hikes as far as the eye can see. In fact, the global head of commodities at TD securities sounds a little like Peter Schiff. In his podcast last week, Peter said that the recent dollar strength is nothing more than upside correction […]

Monkeys Are Better at Predicting Markets than Mainstream Pundits

Investors spend a lot of time mulling over predictions and prognostications made by various mainstream analysts, economists and talking heads on TV news shows. As it turns out, you might be better off listening to monkeys. As Jim Rickards put it, financial news TV is one big “prediction engine.” CNBC features as many as 120 […]

Rising Interest Rates Cutting a Lifeline for Consumers

Climbing interest rates are putting the squeeze on the mortgage refi market. Applications to refinance home mortgages fell 5% last week, dropping to an 18-year low. According to CNBC, mortgage application volume was nearly 27% lower than a year ago when rates were lower. The refinance share of total mortgage application volume fell to its lowest […]

Report: Gold in the Early Stages of a New Bull Market

Are we in the early stages of a gold bull market? Incrementum thinks so and offers three key reasons for this assessment in its most recent In Gold We Trust Report. At the moment we are at the turning point towards a gold bull market. The macroeconomic and geopolitical factors support this tendency. One of […]

St. Louis Fed President Comes Up With Another Excuse to Stop Raising Interest Rates

It looks like the Federal Reserve may have another excuse to slow or even stop hiking interest rates if it so desires. According to the conventional wisdom, the Federal Reserve is in the process of “normalizing” interest rates and will continue to push rates up into the foreseeable future. But could the Fed be close to […]