Peter's Blog

Supply and Demand Fundamentals Drive Gold Rally

Shaky economic news, negative interest rates, and stock market turmoil have helped drive the recent gold rally, but an even more fundamental principle underlies the yellow metal’s surge – simple supply and demand. As a recent CNBC report put it: Consumers are lapping up gold at a time supply is declining, helping underpin a rally […]

Japanese Gold Buying Spree Confirms Negative Interest Rates Good for Gold

Over the last several weeks, we’ve been building the case that negative interest rates are good for gold, and mainstream analysts have echoed our thoughts. Last week, Britain’s largest bank, HSBC, issued a statement saying the longer the world’s central banks continue to experiment with negative interest rates, the better the outlook for gold. James […]

Growing Market Deficit and Other Silver News

The Silver Institute has released its latest issue of Silver News. This edition spotlights a growing silver market deficit that is expected to widen further in 2016 due to increased demand and shrinking supply. The silver market deficit (total supply less total demand) is expected to widen in 2016, drawing down on above-ground stocks. The […]

Silver Could Be Poised to Come Out of the Shadows

While there’s been a lot of attention focused on gold over the last few months, silver has remained in the shadows. The white metal has lagged a bit behind as the gold market turned bullish over the last few months. But there are some good reasons to take a close look at silver. According to […]

Jobs Numbers Point in Same Direction as Other Economic Data – Toward Trouble

No matter what kind of negative economic data comes out, President Obama, central bankers, and media analysts gloss over it and point to the “great” jobs numbers as evidence the US economy is doing well. But in reality, it’s all smoke and mirrors. Last Friday, the media reported “better than expected” labor numbers with more […]

More Paper Than Gold: Issuance of ETF Shares Suspended Due to Surging Metal Demand

The world’s largest asset manager has temporarily suspended the creation of new shares of its gold ETF due to the demand for physical gold. BlackRock announced it would temporarily stop issuing new shares of Gold Trust (IAU) on Friday: Since the start of 2016, in response to global macroeconomic conditions, demand for gold and for […]

Jim Rogers Says 100% Probability US Is Heading for Recession; Data Backs Him Up

Media and government officials keep telling us the economy looks great, but a peek behind the curtain tells a different story. Some people do see the writing on the wall. Peter Schiff has been saying the US may well have already entered a recession. Last month, Jim Grant echoed Peter, saying the US economy likely […]

Mainstream Waking Up to Reality; Now Saying “Buy Gold”

Just a few months ago, mainstream analysts were calling gold a “barbaric relic.” Now all of a sudden, they are saying, “Buy gold!” Last Friday, Deutsche Bank issued a note asserting that with emerging economic risks and market turmoil, signs point in gold’s favor: There are rising stresses in the global financial system…Buying some gold […]

American Gold and Silver Eagle Sales Continue at Torrid Pace

The demand for gold and silver bullion coins surged in the last half of 2015, and it has not abated so far this year, despite a rally in the price of both metals. Last year, demand was so strong the US Mint sold out of American Silver Eagles in July. Inventory was replenished in August, […]

Gold Defies Headwinds; Demand Surges in Last Half of 2015

After a tepid first half of 2015, demand for gold rallied during the last half of the year, despite a number of economic and external factors working against it. According to the World Gold Council’s Gold Demand Trends Full Year 2015 a surge in demand during the fourth quarter turned around what was looking to […]