Peter's Blog

Keeping Perspective: The Dow Is Nowhere Near a Record High in Gold

The Dow Jones Industrial Average broke through another record high yesterday, closing at about 18,030. A record high in United States dollar value, that is. When valued in ounces of gold, the Dow is nowhere near its historical high, which we saw in 1999. Take a look at this chart, showing the Dow to gold […]

Central Banks Want More Gold. So Should You.

MarketWatch published an article reviewing the growing gold repatriation movement throughout Europe. While the author tries to take a “balanced” mainstream view and even throws in a few swings at gold bulls, he is forced to admit that the trend is troubling. There’s only one reason so many countries would want their gold back on […]

Now Featuring Junk Silver

SchiffGold is pleased to announce that we now feature junk silver bags amongst our product offerings. These bags contain United States dimes, quarters, or half dollars minted in or prior to 1964. That was the last year the US Mint used real silver to mint its circulating coins. These coins are 90% silver and worth […]

Is Gold Russia’s Weapon of Mass Financial Destruction?

Lots of smart people are wondering if Russia might adopt a gold backing for the ruble to strengthen its ailing currency and economy. The idea is even getting traction in mainstream news with a new article from CNBC. Alasdair MacLeod, an expert precious metals analyst, explains why Russia would favor a gold standard: There is […]

Fed Unlikely to Raise Rates with Dropping Oil Prices

Financial markets are watching the Federal Reserve this week to see if they change any of their language regarding monetary policy going into 2015. Janet Yellen will give a statement on Wednesday, and how she addresses interest rates is of particular interest. Economists are expecting the Fed to drop the phrase “considerable time” from their […]

Americans Ramp Up Credit Card Debt to Cover a Rising Cost of Living

In spite of the government’s ongoing narrative of a US economic recovery, major news outlets continue to remind us that life isn’t getting easier for most Americans. The Wall Street Journal recently published a lengthy expose on the rising cost of basic necessities. This chart shows how much more middle-class American households are spending thanks […]

Industrial Silver Demand to Increase 27% by 2018

The Silver Institute forecasts that demand for industrial silver will increase by 142 million ounces by 2018 – a 27% rise from 2013 levels. The majority of this growth will come from the electronics sector, where silver is used as one of the most reliable and efficient electrical conductors on earth. However, every major application of […]

US Mint Silver Sales Break Annual Record

The United States Mint has officially sold a record amount of silver two years in a row. As of Monday, US Mint sales of American Silver Eagles for 2014 reached 42,864,000, surpassing the total annual sales of 42,675,000 in 2013. The US Mint temporarily sold out of Silver Eagles earlier this year and had to […]

The Expanding Uses of Gold

Last week, Peter Schiff defended the intrinsic value of gold by briefly explaining how many uses it has beyond bullion investment. Many people have no idea how integral gold is to products they rely upon every day, not to mention exciting technologies of the future. People who argue that gold is becoming less useful in […]

US Debt Balloons to $18 Trillion and Will Continue to Grow

The national debt of the United States officially surpassed $18 trillion this past week. The news has been making the rounds of every media outlet, with many economists reminding us of the very shaky footing of the US economy. However, there are other analysts who play down this outrageously irresponsible amount of debt. In his […]