Peter's Blog

Central Banks Add More Gold in November as China Joins Buying Spree

Central banks globally added another net 50 tons of gold to their reserves in November, driven in part by the first official purchase by China since 2019.

Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

A bill introduced in the Missouri Senate for the 2023 legislative session would take important steps toward treating gold and silver as money instead of as commodities and would set the stage for currency competition in the Show-Me State.

Counterparty Risk and How to Minimize It

One of the benefits of owning physical gold and silver is there is no counterparty risk.

Silver Demand Projected to Set Records in 2022 and Other Silver News

Silver demand in 2022 is expected to chart an all-time high. This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

Doug Casey: 2023 Will Be the Year for Gold

Peter Schiff recently said he is very bullish on gold in the year ahead. Obviously, I’ve been bullish for a while. But I’m even more bullish now to the extent that’s possible, based on what’s been happening.” Peter is not alone. Doug Casey also thinks 2023 will be “the year for gold.”

The Cost of Easy Money Is Now Coming Due

Since 2008, we have been in an era of unprecedented money printing and interest rate suppression. Now the cost of all of that easy money is coming due.

Fed’s Favorite Price Inflation Measure Comes in Slightly Hotter Than Expected

The Federal Reserve’s favorite inflation indicator came in slightly higher than expected for November. This is another indication that while price inflation appears to be easing some, the data indicates it is far from whipped.

Existing Home Sales Fall for 10th Straight Month as Housing Bubble Continues to Deflate

The US housing bubble continues to lose air at a rapid rate. Existing home sales fell for the 10th straight month in November. This stretch of declining home sales is longer than the housing bust preceding the 2008 financial crisis.

President Biden Misrepresenting Wage Gains

President Joe Biden claims wages are rising faster than prices. It might be unfair to say he’s lying, but he’s certainly misrepresenting the facts. The fact is price inflation continues to eat away at your wages.

US Government Runs Another Massive Budget Deficit; This Is Bad News for the Fed Inflation Fight

The US government ran a massive $248.5 billion deficit in November, according to the latest Monthly Treasury Statement. There was only one month in fiscal 2022 with a bigger budget shortfall. This is bad news for the Federal Reserve as it tries to raise interest rates and shrink its balance sheet to fight price inflation.