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POSTED ON November 4, 2019  - POSTED IN Key Gold Headlines

Last week, the Federal Reserve cut interest rates for the third time. And the Fed isn’t alone. A majority of the world’s central banks have slashed rates this year. A World Gold Council report says this new regime of easy monetary policy will likely push bond yields down even lower, making gold a more attractive portfolio diversifier.

As negative yielding debt increases alongside stock-to-yield valuations to all-time highs, gold may become an attractive and more effective diversifier than bonds, justifying a higher portfolio allocation than historical performance suggests.”

POSTED ON November 1, 2019  - POSTED IN Fun on Friday

Since moving to Florida, I’ve been able to spend a little bit of time on the beach. It’s interesting watching what people pick up. You can kind of categorize people based on their haul of beach-combing treasures.

First-timers to the beach will basically pick up anything. Broken cockle-shells are worthy of the newbies’ treasure bag, as are sticks, feathers and generic rocks. Hey – it came out of the ocean. It’s probably a whale bone!

POSTED ON November 1, 2019  - POSTED IN Friday Gold Wrap

As expected, the Federal Reserve cut rates for the third time this year. We’re now down to 1.5%. The Fed hinted that cuts are likely on pause for now. But should we believe it? Was this the end of a mid-cycle adjustment? Or should we expect more moves by the central bank? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down rate cut 3.0 and what it could mean for the precious metals markets.

POSTED ON October 31, 2019  - POSTED IN Peter's Podcast

As expected, the Federal Reserve cut interest rates another 25 basis points on Wednesday.

The mainstream read the post FOMC meeting comments to be relatively hawkish, saying Powell and Company seemed to indicate that future rate cutting is on pause.

Peter Schiff opened up his podcast reminding us that just one year ago, the Fed was raising rates and telling us it would continue to do so through 2019. It also claimed that quantitative tightening was on “autopilot.”

POSTED ON October 31, 2019  - POSTED IN Videos

Last Tuesday, the S&P 500 made a record high as markets anticipated another Fed rate cut. Some analysts say the big risk is that we’re seeing a boost in asset prices but no real uptick in the actual economy. Peter Schiff appeared on RT Boom Bust to talk about it. He said investors buying onto all of this Wall Street hype are in for a painful awakening.

POSTED ON October 30, 2019  - POSTED IN Key Gold Headlines

As I write this, the Federal Reserve is in the midst of its October FOMC meeting. The central bank is widely expected to cut interest rates another 25 basis points. If the Fed follows through, it will be the third cut in three meetings, totaling 75 basis points since July.

Although the Fed continues to call this a “mid-cycle adjustment,” Peter Schiff called the rate cut in July the first one on the road to zero. There’s nothing so far to cast any doubt on that view.

But the Fed is not alone. It joins the majority of the world’s central banks on a race to lower rates and inject more easy money into the world’s economy. As of this month, a total of 54 central banks in both developed and emerging markets have cut their policy/base interest rates.

POSTED ON October 30, 2019  - POSTED IN Guest Commentaries

President Trump recently took aim at the Federal Reserve once again, accusing the central bank of “holding back” America’s economy. The president was responding to a FOX Business Varney & Co. segment about negative interest rates in Europe and Japan.

Trump said the Fed should follow the lead of European and Japanese central banks into the world of negative rates.

POSTED ON October 29, 2019  - POSTED IN Videos

Foreign central banks have been stocking up on gold for months. According to the World Gold Council, a dozen central banks have increased their gold reserves by at least 1 ton through the first eight months of 2019. This continues a trend we saw through 2018. In total, the world’s central banks accumulated 651.5 tons of gold last year. The World Gold Council noted that 2018 marked the highest level of annual net central bank gold purchases since the suspension of dollar convertibility into gold in 1971, and the second-highest annual total on record.

Peter Schiff has talked about central bank gold-buying. He has noted that the US went off the gold standard in 1971, but he thinks the world is going to go back on it.

POSTED ON October 29, 2019  - POSTED IN Guest Commentaries

According to Elizabeth Warren, we have a problem. And like every good central planner, she believes she can fix it.

In fact, Warren has made, “I have a plan for that,” a campaign slogan.

These people never learn. They try to micromanage the economy, create all kinds of unseen consequences, blame “capitalism,” and repeat the process.

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