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POSTED ON September 21, 2020  - POSTED IN Interviews

As the Federal Reserve meeting wrapped up last week, Peter Schiff appeared on RT Boom Bust. The interview covered a number of topics, including gold, oil prices, the Fed and the Snowflake IPO.

The discussion started with the rising prices of gold and silver. Peter said central bank policy is creating a very bullish environment for precious metals prices to continue to rise. Unfortunately, a lot of other prices will rise as well.

POSTED ON April 24, 2020  - POSTED IN Friday Gold Wrap

It was another crazy week on Wall Street with a lot more economic doom and gloom, punctuated by a complete meltdown of the oil futures market. In this week’s Friday Gold Wrap podcast, host Mike Maharrey talks about some of the highlights – or lowlights – but he also injects a little optimism into the conversation and offers some constructive advice.

POSTED ON April 21, 2020  - POSTED IN Peter's Podcast

The price of oil turned negative on Monday for the first time in history.

Of course, that doesn’t mean that somebody will soon pay you to put gas in your car. We’re talking about the price of oil futures contracts. Nevertheless, it does indicate just how out of whack the oil market has become.

POSTED ON March 10, 2020  - POSTED IN Peter's Podcast

Government officials and central bankers are in full-blown panic mode.

Stocks crashed again Monday. The Dow Jones was down over 2,000 points, a 7.8% drop. It was the 11th biggest percentage drop in history. The S&P 500 and Nasdaq were also down over 7%.

This time oil was the apparent catalyst for the selloff as Saudi Arabia and Russia launched a full-blown price war. But as always, the apparent cause and the underlying cause are two different things.

POSTED ON January 8, 2020  - POSTED IN Interviews

Gold has been surging since a US airstrike killed a prominent Iranian general. After Iran retaliated with missile strikes on US bases in Iraq, gold briefly pushed about $1,600 per ounce — an eight-year high.

Peter Schiff appeared on RT Boom Bust along with Bubba Horwitz on Monday to talk about the current geopolitical situation and its potential impact on the economy. He said tensions in the Middle East are increasing the risk premium, but there is a more fundamental reason gold is going up — Federal Reserve monetary policy. He also noted that the risks to the US aren’t so much military as economic. The US depends on foreigners buying dollars. Peter emphasized that gold is the best hedge in the current climate.

POSTED ON January 6, 2020  - POSTED IN Peter's Podcast

Gold surged above the $1,550 mark in the wake of a US airstrike that killed a prominent Iranian general and has hit levels not seen since 2010. Monday morning, gold was trading above $1,575. As Peter Schiff put it in his podcast Friday, the yellow metal is climbing a “wall of worry.”

POSTED ON June 5, 2019  - POSTED IN Key Gold Headlines

Oil and gold are marching in opposite directions. If history is any indication, that’s not good news for the US economy.

Oil prices fell sharply starting late last week and through the early part of this week. On Monday, West Texas Intermediate crude touched $53.25, the lowest level since February. Meanwhile, the price of gold surged, blasting through the $1,300 mark to reach prices not seen in more than a year.

POSTED ON May 13, 2019  - POSTED IN Original Analysis

Typically, a strong dollar is considered one of the greatest “enemies” of gold and precious metals prices. In fact, a relatively strong dollar has created headwinds for gold for months.

Another interesting commodity we can take a look at is oil. Historically, oil and the USD have a negatively correlated relationship, with oil being one of the most inflation-sensitive commodities out there. However, this wasn’t the case late in April. Oil surged to around $65/barrel (WTI). The price has eased a bit since, but it is still trading in the $62/barrell range.

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