While gold bullion is most often sold in bar or 1oz coin form, the Korean retail market is benefitting from gold’s latest success with a very atypical marketing strategy. It has been traditionally thought that investors prefer larger increments of bullion because they simplify calculations and have a lower transaction cost than buying the same amount of gold in smaller increments. Demand for traditional bars and coins in South […] The post South Korea’s New Way to Pursue Safety first appeared on SchiffGold ..read more

In 2009, 140 banks failed, and a recent report from financial consulting firm Klaros Group says that hundreds of banks are at risk of going under this year. It’s being billed mostly as a danger for individuals and communities than for the broader economy, but for stressed lenders across America, a string of small bank failures could quite […] The post To Prevent a Banking Crisis, the FED Must Cut first appeared on SchiffGold ..read more

Peter’s back to recap the last week in markets and economic news. This episode starts with April’s dismal stock performance and also discusses Jerome Powell’s most recent appearance. Peter wraps up the episode by recounting the Bitcoin debate he participated in on Friday. Peter notes that April’s losses in the stock market were in part created by doubt about […] The post Peter Schiff: Rate Hikes on the Horizon?  first appeared on SchiffGold ..read more

On Friday, Peter participated in an exhilarating debate over the merits of gold and Bitcoin. Professor of economics Nouriel Rabini joined Peter to debate Erik Voorhees and Anthony Scaramucci, two proponents of Bitcoin. They cover a lot of ground in their 2+ hour debate, so be sure to watch the full video on Peter’s youtube channel. […] The post Peter Schiff Debates: You Don’t Need to Reinvent the Wheel with Gold first appeared on SchiffGold ..read more

With the eventual introduction of central bank digital currency (CBDCs) now seemingly inevitable, there are a lot of directions central banks could take with their digital currency projects that would have dramatic implications for the price of gold. Touted for their “convenience” and “efficiency,” the endgame of digital currencies is not only achieving greater power over the currency but also a means […] The post What Will CBDCs Mean for Gold? first appeared on SchiffGold ..read more

In April, the U.S. economy added a disappointing 175,000 jobs, falling short of expectations and nudging unemployment up to 3.9% (see current trends here). This signals a slowing economy that might force the Federal Reserve to put the guard rails back on. Our guest commentator gives a deeper look at a worrisome trajectory: while part-time […] The post Falling Full-Time Jobs Points Toward Recession first appeared on SchiffGold ..read more

Joel and JD unravel the shocking economic turmoil of the week, spotlighting the catastrophic collapse of Republic First Bank, alarming jobs data, and Powell’s foreboding speech. With the Fed confessing anxiety about inflation and pulling rate cuts off the path, it’s now clear: we’re in dangerous territory with no guard rails in sight! OTHER TOPICS […] The post The Guard Rails Are Off!: SchiffGold Friday Gold Wrap May 3, 2024 first appeared on SchiffGold ..read more

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the headline number, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The BLS reported a gain of 175k […] The post Jobs: Household Report is Way Below a Weak Headline Number first appeared on SchiffGold ..read more

Cocoa prices have dumped since rocketing to a dramatic peak last month as an El Nino cycle winds down and traders rush out of the illiquid market. For now, depreciating fiat currencies are still keeping the cocoa price still far above its 2023 levels. Coffee has had a similar rise and subsequent correction — but now, inflation and other factors are conspiring to […] The post Inflation Brewing: Is Coffee the Next Cocoa? first appeared on SchiffGold ..read more

Last week Scott Melker interviewed Peter on The Wolf of All Streets podcast. They have a friendly discussion about Bitcoin’s future, the differences between gold and crypto, and the overlap in the crypto and precious metals movements. Peter and Scott start by highlighting points of agreement between Bitcoiners and goldbugs. Referencing long-term Bitcoin advocates, Peter says, “They’re there for the […] The post New Peter Schiff Interview: Gold, not Bitcoin, is the Solution to National Debt first appeared on SchiffGold ..read more