Peter's Blog

In a recent debate hosted by Zero Hedge and George Gammon, Peter Schiff engages in a pointed discussion on tariffs, trade deficits, and their implications for the American economy. Facing off against the pro-tariff Spencer Morrison, Peter highlights the misguided nature of tariffs, the detrimental impact they have on domestic manufacturing, and warns of severe […]

Mounting economic uncertainties and persistent inflation are sending shockwaves through the global market, triggering a surge in demand for precious metals. As investors are seeking a safe haven, gold and silver are experiencing skyrocketing demand, leading to significant shifts in national reserves and logistical challenges in the precious metals market. 

A groundbreaking pilot program in China now allows 10 major insurance companies—including PICC Property & Casualty and China Life Insurance—to allocate up to 1% of their assets to gold bullion. This policy, effective last Friday, translates into a potential investment pool of nearly 200 billion yuan (approximately $27.4 billion), according to Minsheng Securities. The move […]

Gold’s phenomenal year so far is thanks in part to foreign central banks buying the yellow metal. With BRICS nations expanding their membership and growing in prestige, superpowers like China will likely turn to gold to escape the collapsing dollar.

Yesterday Peter joined host Jesse Day on his show, Commodity Culture, to discuss the upcoming election, the historic decline of the dollar relative to gold, and a possible return to quantitative easing. They also devote time to global affairs, namely recent violence in the Middle East and movement in the Chinese equity market. 

The increasingly desperate, secretive Chinese Communist Party may be powerless to stop the combination of downward trends which, upon passing an event horizon, could trigger a global collapse as the world’s second-largest national economy continues to edge closer to the brink.

China’s recent attempt to secure a rare earth minerals stockpile ended in failure when a competitor stepped in to snag the deal. Vital Metals, a mining firm based in Australia, announced Monday that minerals collected from its Saskatchewan-based Nechalacho Project will remain within Canadian borders.

The longstanding US-Saudi petrodollar agreement is unraveling, with Riyadh inching towards diversified currency deals including the yuan. Our guest commentator sheds light on the history and present challenge to the petrodollar, and what this means for US dollar decline.

China has called quits on its 18-month gold buying spree, causing precious metal prices to stumble this week as the world’s largest buyer unexpectedly closes its tab. In 2023, the People’s Bank of China purchased more gold than any of the world’s other central banks, swelling its reserves of the precious metal to more than […]

The real estate market is responsible for anywhere from 20% to over 30% of China’s GDP (depending on who you ask). And with the latest meltdown that began with the implosion of Evergrande, the situation just keeps getting worse, inspiring a slew of government interventions beyond the scope of what would be possible in a […]