Get the latest headlines, market analysis, and original content from SchiffGold.
So, budgets are tight everywhere, right? Even at the Bank of England. Well, that’s not altogether true. It would be more accurate to say the central bank wastes a lot of money. Some government functionary got wind of it and now there’s a scramble to tighten things up over at the BoE. Said government functionary […]
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Peter Schiff recently sat down with Daniela Cambone on Kitco News and talked about gold, the phony government shutdown, and his track record on economic forecasting.
China officially added gold to its reserves last month for the first time in two years. Meanwhile, the Chinese have been shrinking their holdings of US Treasuries. According to the Nikkei Asian Review, the moves are intended to reduce dependence on the US dollar. According to data released by the People’s Bank of China, the […]
Gold output in South Africa fell for the 14th straight month in November. According to Bloomberg, it ranks as the longest streak of monthly declines since 2012. Production fell 14% from a year earlier, Pretoria-based Statistics South Africa said in a statement on its website last week. South Africa once led the world in gold […]
A couple of days ago, CNBC commentator Jim Leventhal made a pretty astounding comment. When asked about gold, Leventhal said he had no interest in it because gold has no uses as a metal. No uses? What?
Billionaire Sam Zell said he recently took the plunge and bought gold. “For the first time in my life, I bought gold because it is a good hedge,” Zell said during an interview on Bloomberg TV.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
As uncertainty swirls around Brexit and exactly what that will mean for the economy, Brits have been hoarding gold. According to a statement by The Royal Mint, the demand for gold bars and gold coins spiked in December as uncertainty about the UK’s exit from the EU grew. We have seen a significant increase in demand […]
Tocqueville Management Corp. chairman John Hathaway says the growing US government debt to GDP ratio poses “the most viable threat” to the US economy. In his fourth-quarter investment letter, Hathaway said the ballooning US debt, coupled with a bear market and a recession, will likely weaken the dollar and send gold much higher in the near future.
