Peter's Blog

Producer Price Increase Doubles Expectations in January

Federal Reserve Chairman Jerome Powell “retired” the word “transitory” as it relates to inflation back on Nov. 30. Just two-and-a-half months later, we’re seeing a new word bandied about to describe inflation — persistent. Less than a week after the January CPI data came in even hotter than anticipated (again), we got yet another signal […]

The Zombification of the Economy

Another hotter than expected CPI print in January put even more pressure on the Federal Reserve to do something about inflation. Suddenly, there is talk of a 50 basis point interest rate hike at the next FOMC meeting. But “doing something” is is easier said than done, particularly in this zombie economy.

The Fed Is Stuck in a Tight Spot

SchiffGold managing editor and host of the Friday Gold Wrap podcast Mike Maharrey joined Mises Institute President Jeff Deist on WHBO radio to talk about inflation and the Federal Reserve, Mike explains how the Fed has gotten itself stuck in a tight spot. To be sure, it has an inflation problem. But a legitimate fix […]

Chinese Gold Consumption Boomed in January

Chinese gold consumption boomed during the January holiday season. This continued the 2021 trend where Chinese gold demand climbed back above prepandemic levels.

Peter Schiff: The Inflation Tsunami Is Just Getting Started

After CPI came in hotter than expected yet again in January, Peter Schiff appeared on Fox Business along with Chief Investment Officer and Portfolio Manager of Solutions Funds Group Larry Shover. Peter said that the inflation tsunami is just getting started and the Fed is powerless to fight it.

Treasury Realizes First Surplus in Nearly 2.5 Years

The US Treasury realized a monthly surplus of $118.7 billion in January. It was the first budget surplus since September 2019 and the largest since it realized a $160 billion surplus in April of 2019. The surplus was driven by high revenue from a continued surge in Individual Taxes. This was combined with shrinking expenditures […]

Uh-Oh! SchiffGold Friday Gold Wrap Feb. 11, 2022

The Federal Reserve still seems to be hoping that inflation will just go away on its own or that it can jawbone it down by projecting a few little rate hikes. But the Consumer Price Index data keeps dashing its hopes. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the […]

Unrounded MoM CPI Was 0.65%; Price Increases Are Widespread

The latest seasonally adjusted inflation rate for January was 0.65% month over month, with a non-seasonally adjusted annual rate of 7.48%. Both of these numbers came in above expectations. As hypothesized last month, it was very possible that Omicron temporarily restrained inflation in December and a rebound should be expected. It did not take long for […]

Silver Demand Expected to Hit Record High in 2022

After a strong 2021, demand for silver is expected to hit a record high in 2022, according to the Silver Institute’s Global Demand Forecast. The Silver Institute projects silver demand will hit a record 1.112 billion ounces this year with growth in most key areas. That would represent an 8% year-on-year increase.

Peter Schiff: The Fed’s Important Admission

Atlanta Fed President Raphael Bostic made an important admission during a CNBC interview. He confessed the Fed wasn’t really going all-in on the inflation fight. That raises a question: how is it going to tame the inflation monster? Peter Schiff talked about this admission during his podcast, along with a head-scratching article about the trade […]