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In Friday’s episode of the Peter Schiff Show, Peter delivers a sobering analysis of “Liberation Day,” exposing the false promises behind Trump’s protectionist measures and their immediate impact on American stocks. He sheds light on the constitutional issues around tariffs, their economic implications, and highlights the urgent need for fiscal responsibility and government spending cuts.
This week gold held the line at $3,040 (-$45), while silver sank to $29.70 (-$4.35). This week Trump’s “Liberation Day” tariffs tank $2.4 trillion in market value, China hit back hard, and Buffett bled billions. Joel explains why the golden age of metals might just be beginning. Price action commentary starts at 10:35.
The Trade Deficit is one of the two components of the twin deficits; the other being the federal budget deficit which was last reviewed in January. The trade deficit used to be a number that received a ton of attention in the 1980s and 1990s because it was determined to be a strong gauge of […]
In Sunday’s episode of the Peter Schiff Show, Peter tackles the misguided optimism of the Federal Reserve, the dangers of escalating tariffs, and the troubling signs of entrenched stagflation. Peter takes a critical view of Jerome Powell’s policies, scrutinizes the logic behind rate cuts amidst ongoing inflation, and warns investors that Bitcoin will continue to […]
Gold surged to $3,085 (+$60) and silver jumped to $34.15 (+$1.34). Is this silver squeeze real or fantasy? Joel digs in: Trump’s explosive tariffs, Kentucky’s stunning veto override, Fed folding rumors, GameStop’s bizarre Bitcoin bet, and why the economy is quietly cracking. Price action commentary starts at 13:22.
Freshly-confirmed U.S. Commerce Secretary Howard Lutnick recently appeared on CBS News, declaring that President Trump aims to eliminate income taxes for Americans earning less than $150,000 per year. Lutnick touted Trump’s vision for tariffs to replace the revenue lost from this massive tax cut.
The latest S&P Global Flash US PMI Composite Output Index for March signaled a mixed economic outlook, rising to 53.5 from February’s 51.6. Stronger performance in services gave optimism, as the Flash US Services PMI Business Activity Index surged notably to 54.3, up from the prior month’s 51.0. However, manufacturing painted a different, troubling picture: […]
The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).
In his latest podcast, Peter tackles the Fed’s recent decision to hold rates steady, criticizing Chair Jerome Powell for downplaying inflation risks and questioning the central bank’s logic behind future rate cuts. He also addresses the patterns of foreign central banks ditching U.S. Treasuries for gold, rising national debt burdens, and the dangerous misconception that […]
In a widely anticipated move, the Federal Reserve kept its benchmark interest rate unchanged at around 4.3% on Wednesday but signaled potential rate cuts later this year, highlighting policymakers’ growing concerns over slowing economic growth and persistent inflation pressures. Fed Chair Jerome Powell acknowledged that external economists have revised upward their estimates of a recession […]
