Peter’s Blog

As the Wall Street Journal put it, the debt crisis in Puerto Rico entered a “more perilous phase” after the Government Development Bank defaulted on a $422 million payment Monday: The missed principal payment, the largest so far by the island, is widely viewed on Wall Street as foreshadowing additional defaults this summer, when more […]

Gold has gone up more than 18% this year, but Doug Casey told Albert K Lu this is just a small move. He sees gold going much higher in the next year: I think there’s going be a panic into gold and out of paper currencies. So this small up-move that we’ve gotten here since […]

So much for that socialist paradise. Last summer we reported that hyperinflation had devalued the Venezuelan bolivar to the point that people were using 2-bolivar notes as napkins. In order to keep up with the rate of devaluation, the Venezuelan government literally flew in 747s full of cash. Now we’ve learned that the Venezuelan government […]

Peter Schiff has been saying for months that the US is probably already in a recession. In fact, during his April 4 podcast, Peter made the case that the “very massive recession,” Donald Trump predicted has already begun (Scroll down to listen.): Everybody is saying he is nuts because the economy is great. Look at […]

Jim Grant appeared on CNBC’s Closing Bell to discuss the Fed’s latest non-move in interest rates, noting that “it seems awful familiar.” Grant offered a stinging indictment of the Fed’s role in the world, pointing out that central planners simply can’t juggle all of the varying factors in the economy. Every move the Federal Reserve […]

This article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. Due to the high level of response from our readers to the first article we posted on the benefits of our low cost vault storage solutions, […]

As we’ve been reporting for months, China is quietly becoming a dominant player in the world gold market, as the yellow metal shifts from the West to the East. Now the mainstream media is starting to take notice. Not only is China the top consumer of gold in the world, ahead of fellow Asian nation […]

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. You know the old saying. “There’s a sucker born every minute.” Sadly, many Americans have been suckered into thinking their pension was going to provide a […]

With the Federal Reserve preparing for another meeting, pundits are talking interest rate hikes. Even AP is speculating that a rate hike is unlikely this go-around, blaming problems the “global economy.” The US job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this […]

ReasonTV asked Californians what they thought the “right” minimum wage is. Unsurprisingly, most of the people in the “trendy, hipster enclave” of Silver Lake in Los Angeles just assumed a higher minimum wage is simply a no-brainer, win-win for society and workers. They didn’t hesitate to insist a $15-20 minimum wage was a necessity for […]