There has been a lot of talk lately about central banks implementing their own digital currencies. Why? As economist Daniel Lacalle notes, most transactions conducted using the world’s primary currencies are already electronic. In practice, the US dollar, the yen, the euro, the Swiss franc and the yuan already function […]
Peter Schiff appeared on RT Boom Bust along with Michele Schneider of MarketGauge to talk about market reaction to the stimulus stalemate, the impact of the upcoming election, and the prospects of the dollar. The interview was recorded before President Trump tweeted the rug out from under the hope of […]
Gold’s recent correction has taken silver down with it. The white metal dipped below $21 an ounce at its lowest, about $8 off its August highs. That has led some to speculate that we’ve seen a knockout blow for silver. These are generally the same people who have declared the […]
Peter Schiff recently called the stock market the biggest bubble ever. But he says he should have qualified that by saying it’s the biggest stock market bubble ever. There is an even bigger bubble floating out there — the dollar bubble. Peter talked about that in his podcast. Tuesday was another bad […]
Last month, we reported that mortgage delinquencies charted their biggest quarterly rise ever. Digging more deeply into the numbers, we find even more trouble brewing in the subprime mortgage market. Of the 8 million active mortgages the FHA insures, 17% were delinquent in July. That ranks as the highest level […]
Peter Schiff recently called the stock market is the biggest bubble ever. But he says he should have qualified that by saying it’s the biggest stock market bubble ever. There is an even bigger bubble floating out there — the dollar bubble. Peter talked about that in his podcast. Tuesday was another […]
The S&P 500 charted its best August since 1986. Both the Nasdaq and the S&P 500 made new highs last month. Peter talked about the surging stock market in his podcast, saying that it is the biggest bubble ever. And despite what people seem to think, there will be consequences. […]
Read the original article on SchiffGold. Which countries have the biggest gold reserves? Central banks globally have been increasing gold holdings over the last few years. Central bank demand came in at 650.3 tons last year. That was the second-highest level of annual purchases for 50 years, just slightly below […]
Read the original article on SchiffGold From time to time, you will hear people inexplicably say, “Gold is just a useless metal.” They claim that gold’s value is simply “a matter of faith.” This is sheer nonsense. In fact, gold is one of the most useful metals on the planet […]
Gold and silver sold off when Russia announced that it had an effective vaccine for coronavirus. This plays into the myth that a cure for COVID-19 will cure the economy. But there is plenty of evidence suggesting the damage to the economy is deep and will likely have long-lasting impacts […]