Peter's Blog

St. Louis Fed Chief Warns More Rate Hikes “Necessary, and Soon”

Alberto Musalem, President and CEO of the Federal Reserve Bank of St. Louis, told the Shadow Open Market Committee in New York on October 30th that inflation remains “too high” and that further monetary tightening will likely be needed in the near term. Citing September PCE (Personal Consumption Expenditures) data showing both headline and core […]

Schiff on Wolf Financial: Inflation Is a Choice Washington Made

Last week, Peter joined Gav on Wolf Financial to break down the economic forces driving America’s fiscal trajectory, from runaway interest payments on the national debt to the quiet insolvency building inside the banking system. He also weighs in on how artificial intelligence may reshape the labor market, why genuine capitalism is a force for […]

Gold and Silver Are Coiling. What Happens Next?

After last year’s powerful rally, gold and silver have settled into a trading range that may be quietly building pressure for the next big move. Beneath the surface, metal is flowing east to Asia, American stackers have stepped back, and mining stocks sit near historic lows in ownership while the Fed keeps quietly accommodating Washington’s […]

Inflation v. Desk Jobs

Inflation has taken the shine out of every form of investment other than physical assets and entrepreneurship. The dramatic increases in the cost of housing, living, and relatively slow increase of standard wages have created a liquidity-constrained situation for retail investors, and also made the stores of that liquidity continually less appealing. When adjusting for […]

Gold, Fiat Money, and the Illusion of Wealth

Money emerged from the free market as a way for strangers to cooperate, with gold and silver chosen for their durability, scarcity, and universal acceptance. When the government replaced commodity money with paper it could print at will, it turned the Federal Reserve into a counterfeiter whose new dollars enrich early recipients at the expense […]

The 20$ Double Eagle

When a $20 Gold Coin Became Worth Thousands of Dollars Imagine finding a $20 coin in your grandfather’s collection. Not a twenty-dollar bill. An actual gold coin, stamped with the words “Twenty Dollars” and issued by the United States government. You might assume it’s worth a little more than $20 because it’s old. That would […]

Peter Schiff: Inflation Isn’t Going Anywhere, and Gold Knows It

On his latest podcast, Peter runs through a wide range of topics, starting with the Federal Reserve’s confused approach to interest rates and inflation. He then pivots to Brazil’s election and what it reveals about the false promises of democratic socialism, before turning to domestic politics and the hollow nature of Republican tax cuts that […]

Black Gold, A Persistent Problem For the Fed

Oil above $100 is creating a new inflation problem for the Fed Oil has earned its reputation as black gold, but unlike the precious metal, this liquid gold is consumed. It fuels the trucks delivering groceries. It fuels tractors harvesting crops. It moves people around the world. But when its price rises, the effects don’t […]

Inflation Is Up 3.7%. Unless You’re the One Paying for It.

Inflation rose to 3.7% in September, up from 3.4% in August and above economists’ expectations. Gasoline prices are up more than 34% over the past year, while shelter costs have risen just 3.2%, according to the Bureau of Labor Statistics. While that’s a big difference, there’s another difference not getting enough attention: the inflation rate […]

Gold Prices Go Up. Rolex Prices Follow. So Why Don’t They Come Back Down?

If you walked into a Rolex dealer in 2024 and tried on a white-gold Daytona, you’d have been looking at a watch that cost considerably less than it does today. The same watch now retails for roughly $59,100, about 33% more than it did two years ago. In June alone, Rolex raised prices on its […]