Peter's Blog

Total Household Debt Hit Record $13 Trillion in 2017

Passage of a GOP budget that added $300 billion in new spending has focused plenty of attention on surging federal government debt over the last week or so. But Uncle Sam isn’t the only one running up those credit cards. Everyday Americans are also piling on the debt. Total household debt soared to a record $13 trillion […]

Jim Rogers Predicts Worst Bear Market in Our Lifetime

Investor Jim Rogers has seen a lot in 75 years. So when he starts talking about the worst bear market in our lifetime, we probably ought to sit up and take notice. And that’s exactly what Rogers said in a recent phone interview with Bloomberg. When we have a bear market again, and we are […]

Who Is Going to Buy All This US Debt?

During a podcast last week, Peter Schiff asked a key question: Who is going to buy all of this US debt? The US Treasury Department plans to auction off around $1.4 trillion in Treasuries this year. And it won’t end there. The department expects that pace of borrowing to continue over the next several years. […]

Peter Schiff on GOP Hypocrisy, the Bond Market and Gold

The Babylon Bee captured the current state of the Republican Party in all of its hypocritical glory. The satirical website proclaimed “Republicans announce plan to pretend to be fiscally conservative again the moment a Democrat takes office.” The GOP said it would begin to decry deficit spending and the $20 trillion debt in order to […]

Global Gold Production Plateaued in 2017; Chinese Production Hit Record Low

Gold supply plateaued last year. Global mine output rose just a paltry 5.7 tons in 2017, according to data compiled by the World Gold Council. That represented the smallest increase since 2008.

Deficits Don’t Matter? Fake News! SchiffGold Friday Gold Wrap Podcast 02.09.18

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.

Fun on Friday: That’s a Bad Plan, Dude

There are certain things I see and I automatically think, “That’s a bad plan, dude.”

Government Spending Going Up; Interest Rates Going Up; Stock Market Going Down

The bears were running on Wall Street again Thursday, as the Dow Jones suffered another steep tumble. After a record drop of  1,175 points Tuesday and a rebound Wednesday, the Dow shed another 1,333 points. The Dow Jones dropped 6.5% in four days. That’s the steepest decline in any week since October 2008. The S&P 500 […]

North America Led the Way as Gold Continued Flowing into ETFs Last Month

In 2017, nearly 200 tons of gold flowed into gold-backed ETFs. That positive trend continued in January, according to a report released today by the World Gold Council. Gold-backed ETFs added 27.6 tons last month, growing assets by 5%. Global gold-backed ETFs collectively held 2,396 tons of the yellow metal at the end of January with […]

Political Rhetoric vs. Economic Reality

Just over a week ago, President Trump delivered the State of the Union speech. The president gave a speech with a decidedly optimistic tone. This was certainly welcome with the increasingly fractured and divided American political landscape. But it’s important to focus beyond the political theater and take a hard look at where the US economy […]