Peter's Blog

This Month in Gold – March 2013

UBS Predicts Major Gold Rally MarketWatch – UBS, the biggest bank in Switzerland, says US monetary policy will favorably influence the price of gold in the latter part of 2013. Gold’s sell-off in mid-February is attributed to the belief that the Fed will end quantitative easing sooner than expected. However, as UBS analyst Julien Garren […]

Remarkable New “Chocolate Bar” Gold Product (Video)

In this special video, Peter Schiff demonstrates a new and exciting gold product manufactured by the prestigious Valcambi Suisse refinery. This 50-gram “chocolate bar” of gold can be broken into individual 1-gram gold bars – perfect for barter transactions! SchiffGold has some of the most competitive rates on this exciting new product. Call 1-800-GOLD-160 to talk […]

This Month in Gold – February 2013

Germany Repatriating Gold in Case of Currency Crisis Forbes – Germany’s central bank announced plans to bring 50% of its total gold reserves back to Frankfurt from the US and France. 300 tons of gold will be moved from the NY Fed to the Bundesbank over the next seven years. A Buba spokesman said they […]

This Month in Gold – January 2013

American Eagle Gold Coin Sales Skyrocket Financial Times / CNBC – November saw a 131% increase of US American Eagle gold coins sales, the highest rate in two years. The rush started right after the re-election of President Barack Obama, indicating that many investors have lost faith in a near-term solution to the United States’ […]

Central Banks Are Stockpiling Gold

News keeps coming in of central banks increasing their gold reserves. From Russia to Korea to Iraq, it seems bankers around the world are preparing for the worst as governments continue to crank out fiat currency. Brazil is leading the pack by more than doubling their gold holdings since August:

This Month in Gold – December 2012

Schiff: Gold Will Pass $2,000/oz ABC News – Gold will go much higher than $2,000 an ounce, says Peter Schiff, CEO of Euro Pacific Precious Metals. The reason it hasn’t gotten there yet, argues Schiff, is because most people have yet to fully grasp the true scale of the economic predicament the US faces. However, […]

This Month in Gold – November 2012

China’s Currency Rises in US Backyard Financial Times – Two scholars from the Peterson Institute of International Economics write: “Would-be US leaders would do well to note that for probably the first time since the Second World War the dollar bloc in East Asia has been displaced. In its wake a currency bloc based on China’s renminbi is emerging.” Seven out […]

This Month in Gold – October 2012

Bridgewater’s Dalio Likes Gold, Breaks From Buffett  Forbes – Ray Dalio, manager of one of the world’s most profitable hedge funds – the $120 billion Bridgewater Associates – likes gold, sees it as a useful inflation hedge, and thinks it belongs in any well-diversified portfolio. For Dalio, gold is “the alternative money.” Concerning Warren Buffett’s […]

This Month in Gold – July 2012

Gold Investment Demand in China to Advance 10% Bloomberg – China’s largest bullion bank expects domestic investment demand to increase by 10% this year. Zheng Zhiguang, general manager of the precious metals department at the Industrial and Commercial Bank of China Ltd. (ICBC), said currency debasement and the European debt crisis are driving safe-haven demand […]

This Month in Gold – June 2012

Emerging Market Central Banks Add More Gold to Reserves MarketWatch – The latest data from April shows emerging market central banks continued to add to their gold reserves. Among the top buyers, Mexico added 94,000 ounces, bringing its total gold reserves to 4.04 million ounces; Kazakhstan added 65,000 ounces, bringing its total to 3.16 million […]