Peter's Blog

Could the Dollar Price of Gold Go to Infinity?

This summer, Peter Schiff and Jim Rickards discussed the possibility of $15,000 gold. In a recent interview. economist Rafi Farber took this line of thinking to the next level, arguing the dollar price of gold could eventually hit infinity – meaning simply that the value of the dollar will go to zero.

American Retirees Drowning in Debt

American retirees are buried in debt. Between 1999 and 2019, the total debt burden for Americans over age 70 increased by 543% and totaled $1.1 trillion according to data compiled by the Federal Reserve Bank of New York. Debt grew by 471% over the same period for those in their 60s and totaled $2.14 trillion […]

Gold Is a Lifeline for Many Indians During Pandemic

Gold has helped Indians weather the economic storm caused by the coronavirus pandemic. The government response to COVID-19 has ravaged the Indian economy. As a result, many banks are reluctant to extend credit due to fear of defaults. In this tight lending environment, many Indians are using their stashes of gold to secure loans.

Student Loan Debt Continues Its Upward Climb

Student loan debt continues to surge despite falling college enrollment. In Q3, student loan balances rose by $23 billion from the second quarter, according to the latest Federal Reserve data.

Fed Issues Warning About High Debt and Overvalued Asset Prices

While the markets were giddy about the prospects of a coronavirus vaccine, the Federal Reserve was warning of more economic chaos on the horizon. The Fed released its biannual Financial Stability Report Monday. The report warned we could see a wave of defaults and “significant declines” in asset prices in the near future.

Peter Schiff: There Is No Vaccine For What Ails the Economy

Stocks soared, and gold and silver sold off Monday after Pfizer announced success in stage III coronavirus vaccine trials. During his podcast, Peter Schiff talked about the crazy day in the markets and suggested we might want to tap the brakes when it comes to the excitement about a COVID vaccine because there is no […]

ETF Gold Holdings Rise for 11th Straight Month, Set New Record

Global ETF gold holdings rose for the 11th straight month in October, setting yet another new record at 3,899 tons valued at $235 billion.

Peter Schiff: The Inflation Tax Will Decimate Many Portfolios

Last week, Peter Schiff appeared on The Claman Countdown on Fox Business along with Mark Matson, founder and CEO of Matson Money, to talk about where to invest with this overpriced stock market. Peter said the big danger is inflation and it will decimate a lot of portfolios.

Fun on Friday: Muh Feelz Trumps Economics

I get really frustrated by people arguing vociferously about things they don’t know anything about. And on no subject is this more prevalent than the debate over the minimum wage. Bring up the “fight for $15” and you will suddenly get high school dropouts who can’t do basic multiplication yelling at you emphatically about the […]

Meanwhile Back at the Fed: SchiffGold Friday Gold Wrap Nov. 6, 2020

All eyes have been on the presidential election this week. It’s still not clear who will win – although it’s looking more like a Biden victory. Meanwhile, the Federal Reserve held its November meeting this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey offers some analysis of both the election […]