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Russia has passed China to become the world’s fifth-largest gold-holding country. According to a Bloomberg report, the Bank of Russia added nearly 20 tons of gold to its stash in January, raising its total to 1,857 tons. The People’ Bank of China reported holdings of 1,843 tons. Russia has bought gold every month since March […]
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.
Americans can turn pretty much anything into a “holiday.” Even a groundhog. I guess Groundhog Day isn’t a holiday, strictly speaking. I mean, I don’t get a day off work. And the government doesn’t close. That’s when you know you have a real holiday. Government shuts down and my mailbox isn’t filled with inane fliers and […]
Ten-year Treasury yields flirted with 3% this week, hitting a four-year high of 2.95. Does the Treasury yield hold the leash of the stock market? Peter Schiff talked about it in an interview with Liz Claman on Fox Business, saying the Fed has kept rates artificially low for years, but given current conditions, it’s inevitable […]
The stock market plunge earlier this month reminds us why we should buy gold. As a report released by the World Gold Council shows, gold acted as a portfolio hedge during the brief downturn. The price of gold rose as stocks sold off; as stocks partially retraced their losses, gold trended lower. But gold’s effectiveness improves […]
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.
So, here’s a little nugget I dug out of the deep, dark depths of the internet this week. A truck driving along a major highway in South Africa lost its load. This caused a major frenzy, not to mention a horrendous Los Angeles-style traffic jam. And what did this truck dump that resulted in such […]
Inflation is back. So what does this mean for gold? The consumer price index came in hotter than expected at 2.1%. A CNBC report said the number “pushes the economy toward a potential danger zone for inflation.”
Peter Schiff recently appeared on Ivan on Tech for a wide-ranging interview. Ivan and Peter talked cryptocurrency, gold, government debt, fiat currency, the dollar and more. Ivan is one of the foremost experts on cryptocurrency. He is an international speaker, blockchain educator, software developer and data scientist. Ivan and Peter don’t see eye-to-eye on everything, […]
Gold supply plateaued last year. Global mine output rose just a paltry 5.7 tons in 2017, according to data compiled by the World Gold Council. That represented the smallest increase since 2008.
