Peter's Blog

A Teaching Opportunity: SchiffGold Friday Gold Wrap Jan. 27, 2023

With a debt ceiling debate now underway, a dumb idea has once again raised its ugly head – the trillion-dollar coin. This week on the Friday Gold Wrap podcast, host Mike Maharrey uses this so-called “solution” to the debt ceiling problem as an opportunity to teach some economics. In this episode, he also touches on […]

Existing Home Sales Chart Longest Streak of Declines Ever

The US economy runs on money printing and artificially low interest rates. Nowhere is that more obvious than in the housing market. With aggressive rate hikes in its war against price inflation, the Federal Reserve pricked the housing bubble and air continues to seep out. Existing home sales fall for the 11th straight month in […]

Peter Schiff: Easing Price Inflation Is Transitory

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 […]

A Dog and Pony Show: SchiffGold Friday Gold Wrap Jan. 20, 2023

Pop some popcorn and get ready for the next political dog and pony show. The US government bumped up against its statutory borrowing limit this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the looming debt ceiling fight and the deeper problems that will inevitably get ignored as […]

Bank of America: Calling the Death of Gold Is Premature

Gold posted a small gain in 2022, and it was one of the best-performing assets of the year. Nevertheless, there is still a perception in the mainstream that gold is dead. But that perception may be changing. In a recent note, Bank of America commodity strategist Michael Widmer said gold will be a “mainstay” in […]

Jim Grant: We’ve Not Seen the Last of This Inflationary Outburst

With the rate of increase in the CPI slowing, many people in the mainstream think the Federal Reserve is winning the war on inflation. In a recent podcast, Peter Schiff said this is wishful thinking. He said that the Fed is losing the war and it will ultimately surrender to inflation. Schiff is not alone […]

Real Hourly Earnings Decline for the 21st Straight Month

Inflation continues to eat up your paycheck. For the 21st month in a row, average hourly earnings failed to keep up with rising prices.

Peter Schiff: Inflation Is Going to Win the War

The CPI data for December buoyed markets and raised hopes that the Federal Reserve is winning its war against inflation. But in his podcast, Peter explained that the Fed isn’t winning the war. It is losing and will ultimately surrender to inflation.

Peter Schiff: The Recession Everybody Denies Exists Is Going to Get Worse

Peter Schiff recently appeared on Dan Bongino’s Unfiltered on Fox News to talk about the economy, inflation, the stock market, the Federal Reserve and investing in 2023. Peter said the recession that everybody denies exists is going to get worse, and so is inflation.

Is “Cooling” CPI Transitory? SchiffGold Friday Gold Wrap Jan. 13, 2023

The headline numbers from December’s CPI report give the impression that price inflation is continuing to cool. Markets are giddy at the prospect. But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey argues that “cooling” price inflation is most likely transitory and the markets still don’t really understand the Fed’s position. […]