Peter appeared on OAN’s Real America with Dan Ball to discuss new prospective income taxes, the latest idiotic craze in politics. He starts by explaining why President Biden’s desired policy isn’t even an income tax: “The worst of the capital gains tax is that Biden wants to impose a 25% tax on unrealized capital gains, which […] The post New Peter Schiff Interview: Proposed Taxes Are Blatantly Illegal first appeared on SchiffGold ..read more

Last week Peter appeared on the Futures Radio Show podcast with Anthony Crudele. In their interview, they discuss the factors affecting gold’s price, why the Fed can’t control inflation, and the viability of Bitcoin. Early on in the interview, Peter argues today’s inflationary environment drives gold higher: “What’s driving gold higher is inflation and the understanding that […] The post New Peter Schiff Interview: Rates are Still Too Loose first appeared on SchiffGold ..read more

Beneath the sweet surface of our favorite treats lies a bitter reality: inflation has sent cocoa prices soaring to unprecedented heights. Once deemed the food of the gods and now a daily indulgence for millions, chocolate is facing a dramatic upheaval as wholesale cocoa prices have rocketed past $11,000 per ton. Our guest commentator explains […] The post Chocolate Prices Reflect Rampant Inflation first appeared on SchiffGold ..read more

In this week’s episode, Peter covers the dismal figures released Thursday and Friday, horrible tax policies, and the appalling lack of transparency in our government. Stagflation is back in the economy, as this week’s GDP and PCE figures reveal. The US GDP growth metric for Q1 was only 1.6%, much lower than expected. To make matters worse, the PCE (Personal Consumption Expenditures) price index came in hotter than expected, staying steady […] The post Peter Schiff: Stagflation Finally Revealed first appeared on Sch ..read more

The Comex report last month showed a lot of strength in gold which directly preceded a massive up move for the price of gold. The data is looking similar in silver this month! 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 […] The post Is the Comex Showing an Impending Price Spike in Silver? first appeared on SchiffGold ..read more

JD and Joel unpack Peter’s latest podcast and the economy’s current path toward stagflation. We look at this week’s price action, macroeconomic data, and a quote from Jordan Peterson. OTHER TOPICS DISCUSSED Gold is trading at $2,337 (up $55 since this time last week) Silver is trading at $27.20 (down about 5% on the week) […] The post Economy Is Barreling Toward Stagflation: SchiffGold Friday Gold Wrap April 26, 2024 first appeared on SchiffGold ..read more

Whenever an election year rolls around, domestic manufacturing becomes a more central theme of discussion. Candidates from both sides, who seem to disagree on almost everything else, never waver in their commitment to auto manufacturers in Detroit and the steel industry. Republicans and Democrats never forget to remind the American public that they will try […] The post Made in America: The Dark Forces Promoting American Manufacturing first appeared on SchiffGold ..read more

The wizards at the Fed and US Treasury have been forced to acknowledge that their “transitory,” inflation is, in fact, quite “sticky.” And with the inflation elephant now acknowledged by the circus of high finance, Treasury yields keep inching up, recently reaching 4.7% — the highest since November. The Fed is stuck: It needs to raise interest rates to tame inflation and […] The post If 10-Year Yields Surpass 5%, Say Hello to QE (and Massive Inflation) first appeared on SchiffGold ..read more

The solution to a problem shouldn’t make the problem worse. But apparently, California’s policy makers missed that memo. On April 1st, the state instituted a $20 minimum wage for fast food workers, the highest in the US. With California’s absurdly high cost of living, the policy appeared to make life more manageable for low-income residents. Unfortunately, as the adage goes, “If it sounds too […] The post California’s New Minimum Wage: A Cure that Exacerbates the Sickness first appeared on SchiffGold ..read more

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect. One key metric shown below is the “Wenzel” 13-week annualized money supply figure. It was […] The post Money Supply Sees Major Jump in Recent Weeks first appeared on SchiffGold ..read more