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After months of speculation, the Chinese yuan is now officially part of the International Monetary Fund’s benchmark currency basket, elevating it to reserve currency status. Chinese monetary policy has focused on gaining entry into this elite club for the last year or so. With its membership safely secure, it raises an interesting question. What’s next? […]
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. To hike or not to hike? That is the question. Indeed, that has been the question for what seems like an eternity. But the question of […]
You probably think of eBay as a good place to snag a deal on electronic gadgets, musical instruments, or sporting goods. But increasingly people are logging onto the auction site to buy gold and silver. EBay officials told CNBC the company is touting its global user base of 150 million people to reach non-traditional […]
Black Friday has become an infamous holiday of American consumerism. We seem equally amused and disgusted by the inevitable news of crowds waiting through freezing nights only to trample each other on the way to a discount toaster. Many people watch a video of Black Friday fights like the one below and shake their heads […]
On Tuesday, the US Mint announced it has sold out of one-ounce 2015 American Gold Eagles. Mint officials say they don’t plan to produce any more at this time. Earlier this month, the mint announced it had run out of one-tenth and one-fourth ounce Gold Eagles. The tremendous demand for gold bullion coins we’ve seen […]
On CNBC Asia on Wednesday night, Peter Schiff defended his forecast that the Federal Reserve is very unlikely to raise interest rates in December. He argued the Fed is focused on keeping a market bubble inflated, instead of allowing the US to experience a painful, but necessary economic recovery. Peter pointed to companies like Amazon […]
A federal program that will soon forgive billions of dollars in student loans illustrates the ineptitude of government planning and foreshadows bigger problems down the road. The Public Service Loan Forgiveness (PSLF) Program erases the balance on student loans after the debtor makes 120 monthly payments while working full-time for a qualifying employer. The program […]
Increased demand for solar power is forecast to put significant upward pressure on silver prices in the years to come. CNBC recently reported on the strong potential in the solar industry as governments continue a concerted drive to reduce global carbon dioxide emissions: While the solar industry just accounts for just 6% of overall physical […]
Peter Schiff discussed the market expectations of a December rate hike from the Federal Reserve in his latest appearance on Alex Jones’ InfoWars. The two went on to discuss the real condition of the United States economy and why the US may soon be following Europe’s lead towards negative interest rates and more inflation. Finally, […]
The headline on the Pittsburgh Tribune-Review website says it all – “Collectors willing to overpay for silver.” The article highlights an ongoing silver scam in Pennsylvania and other states featuring “US State Silver Bars.”
