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The Chinese yuan continues to gain stature on the world financial stage, overtaking the Japanese yen to become the fourth most-used currency for global payments. Bloomberg reports the yuan rose to its highest ranking ever in August, boosting its claim for reserve status.
Barter with gold or silver provides a means of conducting business using real money with real value. SchiffGold has created an innovative tool to help you get started today. The ability to barter can be a lifesaver during a currency or banking crisis, as the situation in Greece vividly demonstrates. But you shouldn’t wait for […]
Two persistent myths convince gold bears that the price of gold will remain low – a looming series of interest rate hikes from the Federal Reserve and the fact that gold did not rally during the last round of quantitative easing. Peter Schiff explains why both of these myths are ready to die following Friday’s […]
Bank of England chief economist Andy Haldane dug through thousands of years of historical data and found interest rates now sit at the lowest levels in some 3,000 years. Wonkblog economic affairs reporter Matt O’Brien places the historic state of interest rates in vivid perspective in a Washington Post op-ed: This is the best time […]
In his latest appearance on InfoWars with Alex Jones, Peter Schiff discussed the Friday jobs report numbers. Peter explains why he thinks the United States could be facing an official recession if third quarter GDP growth turns out to be negative. Peter and Alex also discussed how the world is losing its confidence in American […]
China continues to increase its central bank gold holdings, and other countries are following suit. The world’s largest bullion consumer upped its stash of the precious metal another 1% in August. Bloomberg reports the hoard rose to 54.45 million troy ounces in August from 53.93 million ounces a month earlier, according to data released by the […]
A terrible jobs report was released on Friday, triggering a dramatic day on Wall Street. Peter Schiff reviews the numbers and analyzes the market’s reaction. He also shared some insight into why financial reporters are no longer reporting on the poor manufacturing numbers.
As we reported a couple of weeks ago, mining companies worldwide face increasing obsticals, and analysts expect gold production to drop for the first time since 2008. Now Bloomberg provides us with a concrete example of the struggles facing many gold mining operations. According to the largest industry lobby group in the country, gold producers […]
SchiffGold has a new tool to help you analyze the price of gold, silver, and platinum in real time. It also provides you with the detailed information you need for in-depth historical research. The new SchiffGold Price Charts page features an easy to read, live table with up-to-the-minute precious metals pricing. But the tools on […]
The Federal Reserve Bank of Atlanta’s GDPNow estimate released today reveals a terrible early forecast for third quarter gross domestic product (GDP) growth. It’s especially bad when compared to Wall Street expectations. The GDPNow model puts Q3 2015 GDP growth at 0.9% – that’s a 50% drop from just three days ago. The Atlanta Fed […]
