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POSTED ON February 8, 2024  - POSTED IN Original Analysis

While broader macroeconomic trends are always what’s most significant for the gold price during any given election, some interesting trends emerge when you look at the numbers. And when an election is contentious, historic, or chaotic as 2024’s promises to be, the outcome is all the more significant for gold.

POSTED ON February 7, 2024  - POSTED IN Key Gold Headlines

Total gold demand hit an all-time high in 2023, according to a recent report released by the World Gold Council.

Last week, the World Gold Council (WGC) released its Gold Demand Trends report, which tracks developments in the demand for and use of gold around the world. Excluding over-the-counter (OTC) trade, 2023 gold demand fell slightly from 2022 to just under 4,500 tonnes. With OTC demand accounted for, last year’s demand peaked at 4,899 tonnes, the highest figure ever recorded.

POSTED ON February 7, 2024  - POSTED IN Original Analysis

While it doesn’t approach having the same wealth-protecting power of gold or silver, platinum is a precious metal that just never quite gets the love it deserves. Practically speaking, other than jewelry, platinum is best known as a crucial element for catalytic converters for cars. But it’s also used in manufacturing everything from jet engines and missiles to semiconductors and fertilizers. 

POSTED ON February 6, 2024  - POSTED IN Original Analysis

In the landscape of economic foresight, John Exter, a distinguished hard money advocate and former precious metals expert for The Fed, offers a model that resonates with the principles upheld here at SchiffGold. Developed in the 1970s, Exter’s Inverted Pyramid of Risk remains as relevant as ever, especially in assessing assets through the lens of counterparty risk. The pyramid serves as a guide to comprehend the risks facing America, particularly in anticipation of what may be the most severe credit crisis in the coming decade or two, centered around the USD crisis.

POSTED ON February 5, 2024  - POSTED IN Guest Commentaries

Our nation’s top financier had it correct 111 years ago: “Money is gold, and nothing else.” J.P. Morgan was convinced of this. Still, government agencies have schemed over the centuries to dismantle the gold standard. 

Our guest commenter explains that, even though the Fed still holds gold, there was never a time when the dollar was less backed or less safe than now.

POSTED ON February 4, 2024  - POSTED IN Exploring Finance

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the headline number, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. 

POSTED ON February 3, 2024  - POSTED IN Original Analysis

Amidst rampant peso inflation and his scathing pro-free market speech at Davos, new Argentine president Javier Milei has taken office with radical proposals to overhaul the country. While his brief month and a half in Argentina’s Casa Rosada isn’t long enough to know if his bark will really match his bite, here’s a summary of some of his biggest actions so far:

POSTED ON February 2, 2024  - POSTED IN Peter's Podcast

The story of America’s job growth is more complex and nuanced than the government wants us to believe. In a world where job numbers wield significant influence over perceptions of economic health, it’s crucial to scrutinize the data—and the methods behind their presentation—closely.

In his latest podcast, Peter Schiff delves into the murky waters of government economic reporting.

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