Peter's Blog

Central Banks Buy More Gold

Central banks started out 2020 buying more gold, but the rate of purchases slowed somewhat. On net, central banks added 21.5 tons of gold to their reserves in January, according to the latest data from the World Gold Council.

Extraordinary Federal Reserve Policy Began Over a Year Ago

On Sunday evening, the Federal Reserve announced additional extraordinary emergency measures in an attempt to keep at least some of the air in the bubble economy. But in fact, the Fed has been engaged in extraordinary emergency monetary policy for over a year.

It’s Panic! SchiffGold Friday Gold Wrap March 13, 2020

It appears we’ve pretty much reached complete panic mode. The longest bull market in history came to an abrupt end on Wednesday. Wall Street followed up with another massive sell-off on Thursday.  The S&P 500 had its worst day since Black Monday in 1987. Even gold was down. Meanwhile, the Fed tried to stem the […]

Another Massive Deficit With More Spending Coming Down the Pike

The US is heading for economic lockdown as the impact of the coronavirus grows. To cope with the crisis, President Trump has promised fiscal stimulus. The actual plan remains unclear, but the Trump administration has floated a reduction in payroll taxes, along with bailouts and loan guarantees for struggling industries. While the details are murky, […]

It’s a Bear Market! (Officially)

The 11-year bull run is over. After a rebound on Tuesday based on hopes of government fiscal stimulus, US stock markets plunged again Wednesday and officially moved into bear territory.

Did the Promise of Fiscal Stimulus Just Pop the Bond Bubble?

Yesterday was “Reversal Tuesday.” Stocks rallied on the promise of government stimulus. The dollar and the bond market also turned around. In his podcast, Peter Schiff said the bond market was the one to watch because it’s possible that the promise of more stimulus could have finally pricked the overblown bond bubble. President Trump floated […]

Peter Schiff: Oil Price Drop Will Be Short-Lived

Oil prices crashed early this week as Russia and Saudi Arabia launched a full-blown price war. The big drop in the price of oil pulled stocks down yet again, with the Dow Jones losing over 2,000 points. But in an interview on RT, Peter Schiff said he thought the drop in oil would prove to […]

The Fed Hit the Panic Button and It’s Making Things Worse

Stock markets have been getting hammered, ostensibly because of the economic impacts of the coronavirus. Peter Schiff has been saying this isn’t really about the virus. It was the pin that pricked the bubble. If it wasn’t coronavirus, it would have been something else. Regardless, the Fed hit the panic button last week and slashed […]

Peter Schiff: They Can’t See the Bubble for the Pin

Government officials and central bankers are in full-blown panic mode. Stocks crashed again Monday. The Dow Jones was down over 2,000 points, a 7.8% drop. It was the 11th biggest percentage drop in history. The S&P 500 and Nasdaq were also down over 7%. This time oil was the apparent catalyst for the selloff as […]

ETF Gold Holdings Set Yet Another Record

ETF gold holdings set yet another record high in February, according to the latest data from the World Gold Council. Global gold-backed added another 84.5 tons of gold last month, boosting holdings to an all-time high of 3,033 tons.