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POSTED ON October 19, 2023  - POSTED IN Peter's Podcast

Every time retail sales come in higher than expected, the mainstream media breathlessly reports this as proof that the American consumer is strong and resilient. In his podcast, Peter Schiff explained that these retail sales numbers aren’t a sign of a strong economy. They just reflect Americans paying more for less. And what’s worse, they’re burying themselves in debt to do it.

POSTED ON October 16, 2023  - POSTED IN Key Gold Headlines

Joe Biden says the economy is great. Paul Krugman says the inflation war is over and we won. But Americans aren’t buying the narrative. They’re growing increasingly worried about the economy and inflation.

The University of Michigan Index of Consumer Sentiment tanked in October with inflation worries at the highest level since last May.

POSTED ON October 16, 2023  - POSTED IN Interviews

The CPI has cooled in recent months, but Americans say they’re still struggling with rising prices and they’re worried about inflation. Why is there this dichotomy between people’s perceptions and the official data?

Peter Schiff recently appeared on Real America with Dan Ball to talk about the economy. He said the problem is the government isn’t being honest about inflation.

POSTED ON October 13, 2023  - POSTED IN Friday Gold Wrap

Great news! The inflation war is over and we won! At least that’s how Paul Krugman sees it. But he’s playing tricks with the data and making assumptions that are meaningless in the real world. In this episode of the Friday Gold Wrap, host Mike Maharrey dissects Krugman’s claims in light of the September CPI data. He also talks about market reaction to the CPI and shares some interesting gold news from Zimbabwe.

POSTED ON October 12, 2023  - POSTED IN Original Analysis

“Hotter than expected.”

This seems to be a recurring theme when it comes to price inflation.

The September CPI data gave us another variation on that tune. And it should once again remind us that the Federal Reserve is nowhere near its 2% target.

POSTED ON October 11, 2023  - POSTED IN Key Gold Headlines

The Reserve Bank of Zimbabwe (RBZ) has launched a digital payment system backed by physical gold.

The RBZ rolled out its digital gold-backed token in April after successfully implementing a program to produce physical gold coins in 2022. On Oct. 5, the central bank announced that these gold-backed digital tokens could be used as a method of payment for domestic transactions.

POSTED ON October 6, 2023  - POSTED IN Market Brief

The sell-off in precious metals continued as bond yields continued to rise and a strong dollar persisted. In early trade in Europe this morning, gold was $1822, down another $26, unchanged on the year. Silver traded at $21, down $1.17. Comex volumes in both metals declined from good levels, indicating that selling pressure is declining.

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