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POSTED ON August 29, 2019  - POSTED IN Key Gold Headlines

During a recent interview on RT America, Peter Schiff said investors should stay away from the dollar, not only because of the looming recession, but because its days as a reserve currency could be numbered.

Is this just hyperbole, or could the US dollar really fall off its throne? America’s enemies would certainly like to see it happen. And increasingly, so would its friends.

POSTED ON August 28, 2019  - POSTED IN Peter's Podcast

There has been a lot of focus on the recent gold rally. It has even caught the attention of the mainstream. But silver has also been quietly running upward. In fact, the white metal has outperformed gold this month. While the yellow metal has gained about 8% on the month, silver is up 11%.

Yesterday (Aug. 27) gold was up $16 per ounce and closed at $1,542.50. It was the highest close in six years. But it was an even bigger day for silver. The white metal was up 53 cents and closed at $18.17.  Peter Schiff has been pounding the table on silver in recent weeks, and he talked about the big silver rally in his latest podcast.

POSTED ON August 28, 2019  - POSTED IN Videos

One day Trump is on Twitter ratcheting up the trade war with China and the next he is pulling back and saying a deal is close. This back-and-forth has been yo-yoing markets for months. Peter Schiff recently appeared on RT Boom Bust to talk about the trade war. He said he doesn’t think there’s much substance to promises of a big trade war win. And even if the trade war is resolved, it’s not going to fix the fundamental problems underlying the US economy.

POSTED ON August 27, 2019  - POSTED IN Original Analysis

By: Spencer Schiff (@SchiffSpencer)

The recession narrative is suddenly catching on. That could spell major trouble for consumer spending and our economy as a whole.

Following the recent 2s10s inversion and subsequent stock market volatility, countless prominent news outlets have been reporting on the possibility of an impending economic downturn. The number of articles mentioning recession has spiked to a multi-year high. Even late-night talk shows, which garner millions of viewers, are covering the story.

POSTED ON August 27, 2019  - POSTED IN Videos

Gold has continued to push upward. The latest catalyst was another escalation of the trade war. Gold briefly moved above $1,550 in dollar terms. But it has done even better in relation to other currencies. In fact, the yellow metal is at record highs in nearly every currency except the dollar.

Peter Schiff appeared on RT America on Aug. 26 to talk about it. He said he thinks gold is eventually going to make news highs in the dollar as well, and this time, it’s not going to stop going up.

POSTED ON August 27, 2019  - POSTED IN Interviews

A couple of weeks ago, the yield on the 10-year Treasury fell below the yield on the 2-year for the first time in 12 years. This inversion of the yield sparked recession fears in the mainstream. But in an interview with Tom Woods on Contra Krugman, former Reagan administration Office of Budget Management Director  David Stockman said this is really a sign of a different problem. He said we’re actually in the mother of all bond bubbles.

Stockman said the mainstream is looking the yield curve inversion through the lens of conventional wisdom, but there is nothing conventional about the current financial situation.

POSTED ON August 26, 2019  - POSTED IN Peter's Podcast

Donald Trump went on a Twitter rant Friday. In his latest podcast, Peter Schiff said the president basically “lost it.”

There was a lot of news on Friday before Trump went off on Twitter. Jerome Powell gave his speech at Jackson Hole. He was generally upbeat about the economy. Then China announced additional tariffs on $75 billion in American imports. But the real fireworks started with Trump’s tweets in response to the Chines tariff retaliation.

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