Get the latest headlines, market analysis, and original content from SchiffGold.
More bad news for the dollar. Last week, China and Brazil announced a trade deal in their own currencies, completely bypassing the dollar. This represents another small shift away from dollar dominance.
Peter Schiff appeared on NTD News to talk about the bank bailout and the March Federal Reserve meeting. During the conversation, Peter explained that everybody is going to pay for these bailouts because they will ultimately devalue the dollar as inflation skyrockets.
Peter appeared on Fox Business Claman Countdown to talk about the recent bank failures and the ensuing government bailouts. During the interview, they discussed how to invest in the current environment. Peter said that right now, gold is undervalued, but investors will bid up the price much higher when they come to terms with the […]
Every government policy has consequences – some intended and some unintended. There is at least one serious unintended consequence of the economic sanctions levied against Russia after its invasion of Ukraine – an erosion of the US dollar dominance.
Billionaire hedge fund manager John Paulson said you’re better off owning gold than dollars. Why? Because he thinks the dollar is set up for long-term depreciation as the world drifts toward dedollarisation.
In a recent interview, Saudi Arabia Finance Minister Mohammed Al-Jadaan said the country is open to discussing trade in currencies other than the US dollar. This could mark the beginning of the end of petrodollar exclusivity. That would be a huge blow to dollar dominance.
As we’ve reported central banks globally have been piling in gold. The question is why?
Last week, the Producer Price Index data finally showed some cooling of wholesale prices. That coupled with better-than-expected CPI data further buoyed hope that the Fed is winning the war on inflation. But in his podcast, Peter Schiff emphasized that easing inflation is transitory. And a weakening dollar will be a big part of the […]
Peter Schiff recently said he is very bullish on gold in the year ahead. Obviously, I’ve been bullish for a while. But I’m even more bullish now to the extent that’s possible, based on what’s been happening.” Peter is not alone. Doug Casey also thinks 2023 will be “the year for gold.”
While most central banks around the world have tightened monetary policy in an attempt to bring price inflation under control, Japan has done the exact opposite. But in a surprise move, the Bank of Japan widened its target range for 10-year Japanese bond yields, effectively raising the interest rate. The move strengthened the yen, put […]
