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POSTED ON February 19, 2024  - POSTED IN Original Analysis

On Super Bowl Sunday, President Biden took to X (formerly Twitter) to skewer consumer brands for “shrinkflation,” a phenomenon where product vendors reduce package sizes without proportionally reducing price, in what essentially amounts to a per unit cost increase for consumers. The video explicitly calls out popular snack brands such as Breyers, Gatorade, and Tostitos— all food products that are likely on the top of consumers’ minds when thinking of inflation. 

POSTED ON February 8, 2024  - POSTED IN Original Analysis

While broader macroeconomic trends are always what’s most significant for the gold price during any given election, some interesting trends emerge when you look at the numbers. And when an election is contentious, historic, or chaotic as 2024’s promises to be, the outcome is all the more significant for gold.

POSTED ON February 6, 2024  - POSTED IN Original Analysis

In the landscape of economic foresight, John Exter, a distinguished hard money advocate and former precious metals expert for The Fed, offers a model that resonates with the principles upheld here at SchiffGold. Developed in the 1970s, Exter’s Inverted Pyramid of Risk remains as relevant as ever, especially in assessing assets through the lens of counterparty risk. The pyramid serves as a guide to comprehend the risks facing America, particularly in anticipation of what may be the most severe credit crisis in the coming decade or two, centered around the USD crisis.

POSTED ON January 11, 2024  - POSTED IN Guest Commentaries

A US government operation led by the Secret Service from 1865 covertly dismantled the gold and silver currency system.

This strategic move, propelled by two acts of Congress, was a cunning ploy that centralized economic power.

A commentator from the Mises Institute explores the little-known involvement of the Secret Service in this historical development, and how it impacted the very concept of US currency.

POSTED ON January 4, 2024  - POSTED IN Guest Commentaries

The US is on the brink of a debt disaster, spiraling into $33 trillion of debt. That is over 180% of GDP. 

The cause?

Skyrocketing government spending matched with insufficient tax revenues, leading to ever-deepening deficits.

The US Treasury is now low on credit and out of time.

Interest payments on this colossal debt have doubled since 2020, pushing the government into a corner. The Federal Reserve’s 2023 decisions to raise rates add to the turmoil, and the US Treasury is running out of debt buyers. A recent Treasury auction turned chaotic, revealing a global decline in appetite for US debt. 

Our guest contributor asks the question of the hour: Are the chickens coming home to roost for the US Treasury?

POSTED ON December 29, 2023  - POSTED IN Friday Gold Wrap

We’ve reached the end of another year. A new year is always a good time for reflection. And maybe even some resolutions. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the trajectory of gold as we enter the new year, explains an economic truth, offers some thoughts on New Year’s resolutions, and makes a big announcement.

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