Peter's Blog

Peter Schiff: Stagflation Is Here!

We got the highly anticipated employment report on Friday. It came in far below expectations. But despite weak economic data, bond yields are rising, along with the price of just about everything. Meanwhile, a gold rally fizzled. Peter Schiff talked about it during his podcast, explaining just how badly the markets are misinterpreting the data. […]

Another Big Jobs Miss: All But Two Categories Are Below The 12-Month Trend

For the second month in a row, the jobs numbers in September came in well below expectations. The Labor Department reported an increase of only 194,000 jobs, well below the estimated 500,000. The big miss was similar to August’s report. Despite the unemployment rate ticking down to 4.8% from 5.2% and an upward August revision of […]

Fun on Friday: The $1 Trillion Coin

Have you heard the latest news on the fake debt-ceiling fight? The Senate has approved a measure to kick the can down the road a couple of months. So, the “fight” will continue! The $480 billion increase raises the debt limit to $28.9 trillion, but that’s only going to last until Dec. 3. That means […]

A Lack of Self-Reflection: SchiffGold Friday Gold Wrap Oct. 8, 2021

Inflation continues to run hot. Even some of the folks over at the Fed are having a hard time peddling the “transitory” inflation narrative. But politicians and government officials lack the skill of self-reflection. As a result, they can’t clearly see the problem. In this episode of the Friday Gold Wrap, host Mike Maharrey looks […]

Peter Schiff: This Is a Real Twilight Zone

Peter Schiff says we’re living in a financial twilight zone. Despite signs of persistent high inflation, gold continues to languish. Peter talked about what’s going in this bizarro economy during his podcast.

Surge in Imported Services Sends Trade Deficit to New Record

The US trade deficit surged to yet another new record in August as Americans are importing more and more services to go along with all of their imported goods. The August trade deficit came in at $73.25 billion, 4.2% higher than the July trade deficit of $70.3 billion. The August deficit set a new record […]

Demand for Silver in Electronics Sector Projected to Surge

The demand for silver is expected to expand along with the continued growth in global connectivity. According to a report released by the Silver Institute, silver demand in electronics and electrical applications is projected to rise by 10% by 2025.

Inflation Bites! Rising Prices Are Eating Up Personal Income Gains

Inflation bites! Personal income rose again in August, but once again rising prices ate up all the gains and then some.

Central Banks Added Nearly 30 Tons of Gold to Holdings in August

Central banks continue to add gold to their reserves.  Global central bank reserves increased by a net 28.4 tons in August, according to data compiled by the World Gold Council. Gross central bank gold purchases came in at 30 tons.

Peter Schiff: Government Serves Grade-A B.S. on Inflation

Both the Federal Reserve and the Biden administration continue to insist inflation is transitory. And they are also trying to shift the blame for rising prices so they avoid any responsibility. In this clip from his podcast, Peter Schiff explains why the government inflation narrative is Grade-A B.S.!