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Peter's Blog

Get the latest headlines, market analysis, and original content from SchiffGold.

Posts Tagged: “sound money“

July 10, 2025 Key Gold Headlines

Gold Sits at 28% on the Year as Tariff Clock Winds Down

Gold ended last week at a record-setting US $3,332 per ounce, up 1.8 % on the week and a blistering 28 % year-to-date. The metal’s march higher has come even as Wall Street cheers fresh equity highs and a softer dollar, underscoring bullion’s stubborn appeal as fiscal storm clouds gather. Yesterday’s price action was orderly—just […]

July 5, 2025 Key Gold Headlines

Texas Greenlights Gold and Silver as Legal Tender

Austin, TX keeps rewriting the monetary rulebook.  House Bill 1056, cleared by both chambers in late May, designates properly marked gold and silver “specie” as legal tender in the Lone Star State starting September 1, 2026.  A second phase—launching no later than May 1, 2027—authorizes an electronic payment rail fully backed by bullion stored in […]

April 24, 2025 Interviews

Schiff on Young & Profiting: Inflation, Taxes, and the Case for Real Money

On a recent appearance on the Young & Profiting podcast, Peter Schiff joins host Hala Taha to explain why today’s economic challenges—from rising income inequality to persistent inflation—trace back to misguided monetary policy and unsustainable government spending. Peter lays out his case against the conventional wisdom of redistribution, critiques the current tax system, and calls […]

March 14, 2025 Key Gold Headlines

Idaho Eliminates Income Taxes on Gold and Silver, Cuts Overall Rates

On March 6th, Idaho officially ended state income taxation on gains from gold and silver transactions, as part of the largest tax relief initiative in state history—a sweeping reform that underscores Idaho’s commitment to sound monetary policy amid turbulent economic conditions.

January 31, 2025 Key Gold Headlines

Instead of a Bitcoin Reserve, Trump Should Talk a Gold Standard

Bitcoiners are salivating at the idea of the Trump administration pumping their holdings by declaring a “Strategic Bitcoin Reserve” where the government pledges to hold onto its current stash or, in another version, start buying more bitcoin and using it to pay down the debt. 

January 31, 2025 Original Analysis

Why We Should Bank Free

Free banking is seen by many as something that should be left in 18th century Scotland. Free banking is where each bank issues their own note that is redeemable for a certain amount of a commodity, typically gold. The value of the note is determined by the assessed probability that that bank will indeed be […]

January 24, 2025 Guest Commentaries

Ending War by Ending the Fed: The Hidden Cost of Inflation

Critics of the Fed are well-versed in arguments against central banking. It enables reckless spending and creates monetary confusion, and it distorts prices for consumers. History also reveals another troubling result of central banking: more frequent and deadlier war.

January 16, 2025 Key Gold Headlines

States Move to Fortify Precious Metals Policies

Legislators in Virginia and Wyoming are taking steps to safeguard gold and silver ownership as part of a broader effort to help citizens preserve their wealth against a weakening dollar. In Virginia, House Bill 2336—introduced by Del. Amanda Batten (96-R)—would extend the state’s sales tax exemption on precious metals purchases until 2032. Currently, Virginia’s exemption […]

January 3, 2025 Guest Commentaries

Monetary Malaise: Why Voter Dissatisfaction Won’t Trigger a Revolution in the Fed’s Policies

As the installation of President-elect Trump approaches, Trump loyalists are clamoring for him to fulfill his campaign promises, especially those related to tariffs and immigration reform. Trump also has an opportunity to radically reform and weaken the Federal Reserve, but it’s unlikely that he will take any meaningful action to curb the source of inflation.

December 30, 2024 Guest Commentaries

The Distinctive Principles of Austrian Economics

When analyzing the errors of policymakers, politicians, and pundits, it’s useful to trace their misunderstandings to the source– debunked and fallacious economic theories, such as Keynesianism and Protectionism. The antidote to these mistakes is sound theory– such as that espoused by the Austrian School of Economics– that correctly understands money, entrepreneurship, and the nature of […]

December 28, 2024 Guest Commentaries

Sound Money, Not Tariffs: The Key to Economic Prosperity

The American economy is under assault from two sides. With inflationary central banks seeking to undermine the dollar and protectionist populists looking to restrict free trade abroad, it’s crucial for the incoming Trump administration to fight for economic freedom on both fronts. The following article was originally published by the Mises Institute. The opinions expressed […]