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As we’ve reported, the US government is spending money like a drunken sailor. But nobody really seems to care. Since Nov. 8, the US national debt has risen $1 trillion. Meanwhile, the Russell 2000 (a small-cap stock market index) has risen by 30%. Former Reagan budget director David Stockman said this makes no sense in […]
Earlier this month, World Gold Council chief market strategist John Reade said he expects gold to shine in 2018, and one of the primary reasons will be rising income growth in China and India. A report recently published by the Centre for Economics and Business Research lends support to Reade’s prediction. According to the 2018 […]
Merry Christmas & Happy Holidays It’s been another wonderful and eventful year for all of us here at SchiffGold. These are truly some of our favorite seasons with Thanksgiving, Hanukkah, Kwanzaa, Christmas, New Years and other’s that bring family together to find joy in the holiday season and hopes for the new year to come. […]
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
I can think of a lot of places you might not want to store $26,000 in gold. For instance, it might not be a good idea to put your gold in a cat litter box. And you might not want to stick your gold inside an old boat. And if you did put your cat […]
In a recent interview on RT Boom Bust, Peter Schiff talked gold. In a piece he wrote for the December issue of the World Gold Council Gold Investor, WGC chief market strategist John Reade outlined several key reasons he thinks gold will shine in 2018. He said rising global income will be the primary factor […]
US equities are at an all-time high. Investors are bullish about the future. A lot of people are excited about the potential for economic growth with the passage of GOP tax cuts. There’s a lot of optimism. In a recent interview on The Street, Peter Schiff said he thinks 2018 may start out the same, but he […]
There is a mass exodus from Illinois. According to the US Census Bureau, the Prairie State lost a net 33,700 residents in fiscal year 2017. More people bailed out of Illinois than any other state in the US. And based on calculations the folks over at ZeroHedge worked out, the exodus was even worse than the […]
The House and Senate both passed the GOP tax bill yesterday. As of Wednesday morning, it needed just one more vote in the House on some technical changes made in the Senate before it heads to Pres. Trump’s desk. The media keeps calling the Republican bill “tax reform.” Peter Schiff called that, “fake news.”
Have you heard of the depression of 1920-21? Unless you’re a pretty hard-core economics geek, you probably haven’t. The most striking aspect of this depression was its duration. It lasted just 18 months. And how did the US get itself out of this sharp economic downturn? By essentially doing nothing.
