Peter’s Blog

Famed contrarian investor Marc Faber has predicted that gold will go up “substantially” in 2015, perhaps as much as 30%. Much like Peter Schiff, Faber sees 2015 as the year that the markets wake up and realize that central banks are no longer capable of artificially supporting asset prices. Faber’s investment advice comes down to […]

In his latest podcast, Peter Schiff dissects the jobs numbers from December, Obama’s new community college plan, and Charles Evans’ call for more inflation. Peter continues to be one of the few reporting on the reality underlying the headline jobs numbers, though Paul Craig Roberts just published an enlightening article at LewRockwell.com. Roberts looks at […]

Lawrence Williams reports for Mineweb that the Shanghai Gold Exchange (SGE) reported more than 2,100 metric tons of gold withdrawals in 2014. The last three trading days of the year alone saw 29 tons of withdrawals. Many analysts have turned to figures from SGE as a better gauge of Chinese consumer demand, because the Chinese […]

Last week, President Obama announced a plan to provide “free” community college to American students. Democrats in particular rejoiced at the proposal, revealing just how limited mainstream economic literacy really is. Austrian economists like Peter Schiff know that nothing is really free. Indeed, Obama’s plan would cost the federal government at least $60 billion. That’s […]

CNBC spoke with Chicago Fed President Charles Evans this morning about the Federal Reserve’s schedule for raising interest rates above zero percent. While Evans confirmed the official narrative that the United States economy is getting better and better, he still doesn’t think the Fed will raise rates until 2016. Even the CNBC anchors seem to […]

The December issue of The Silver Institute’s Silver News is now available. This edition highlights the growing demand for industrial silver in 2015 and beyond. From watch batteries to massive solar energy systems, the special properties of silver are often indispensable in industrial applications, including silver-coated bearings, catalysts, medical care and many products in our […]

China May Ease Gold Import Rules Bloomberg – The People’s Bank of China (PBOC) is considering a plan to allow qualified miners and more banks to import gold. The intention is to attract more foreign investors and get China more involved in world markets. Chinese miners would be incentivized to “explore opportunities overseas,” said Wallace […]

World currencies lost a lot of value in 2014. If you lived outside the United States, you would have done much better holding gold rather than local cash this past year. Check out this chart from The Market Oracle: Eventually the Federal Reserve will be unable to artificially prop-up the US dollar. When that happens, […]

Back in the fall, former Federal Reserve Chairman Alan Greenspan stirred things up by making some public statements about the importance of gold, calling it “the premier currency, where no fiat currency, including the dollar, can match it…” Greenspan also indicated that he believes the Fed’s balance sheet will eventually catch fire and ignite some […]

While few are as blunt as Peter Schiff in warning of another bubble in real estate, mainstream analysts are starting to worry that the US housing market isn’t as strong as many believe. Peter warns that rising home prices are a product of extremely low interest rates suppressed by the Federal Reserve. Robert Shiller, Nobel […]