Peter leads off this week with an episode covering last Friday’s stock catastrophe, Bitcoin’s recent performance, and the start of President Trump’s so-called “hush-money” trial. Last Friday saw the Nasdaq fall 2%, with members of the “Magnificent 7” stocks, like Nvidia and Netflix, taking 14% tumbles. Peter thinks Friday’s close is the natural consequence of Wall Street betting on rate cuts to keep the 2023 bull run going: […] The post Peter Schiff: Wall Street Due for Correction first appeared on SchiffGold ..read more

What is Nvidia? If you’re a committed gamer the question may sound like nonsense. Nvidia, which was founded in 1993, is a tech company that makes GPUs and other products. It originally specialized in making products for the video game industry, that assisted in 3D rendering. If you were a committed gamer, you probably owned their products. If you weren’t, you might not have heard of them. […] The post How Nvidia Uses Gold first appeared on SchiffGold ..read more

As fiscal imbalances persist, driven by coercive measures and artificial currency creation, the middle class faces erosion and purchasing power dwindles. But as the world hurtles towards a potential reckoning, the lingering question remains: can this precarious balance last, or are we teetering on the brink of a cataclysmic economic shift? The following article was originally […] The post Why and How US Debt Will End in Catastrophe first appeared on SchiffGold ..read more

JD and Joel interview Dr. Charles Steele, Chairman of Economics, Business, and Accounting, at Hillsdale College. We discuss national debt, dollar default, Austrian economics, Von Mises, green energy bills, and space economics. OTHER TOPICS DISCUSSED Gold is trading at $2,392 (up $57 since this time last week) Silver is trading at $28.66 (up about 3% […] The post Top Hillsdale Economist Warns of US Default: SchiffGold Friday Gold Wrap April 19, 2024 first appeared on SchiffGold ..read more

With the AI boom and green energy push fueling fresh copper demand, and with copper mines aging and not enough projects to match demand with supply, the forecasted copper shortage has finally arrived in earnest. Coupled with persistently high inflation in the US, EU, and elsewhere, I predict the industrial metal will surpass its 2022 top to reach a […] The post The Copper Supply Shortage Is Here first appeared on SchiffGold ..read more

America’s trust in its institutions has rapidly eroded over the past 20 years. We have a lower level of trust in our judicial system and elections than most European countries. Some of this is natural, as Americans are uniquely individualistic, but much of it arises from repeated government failures. Americans generally believe that public trust can be brought back to full vigor, but the current trend of decline […] The post How Trust (or the lack of it) Affects America’s Trajectory first appeared on SchiffGold ..read more

Decades of negative interest rate policy in Japan have ended. That could mean the end of the $20 trillion “yen carry trade,” once one of the most popular trades on foreign exchange markets, and a chain reaction in the global economy. The yen carry trade is when investors borrow yen to buy assets denominated in […] The post When Will the Yen Carry Trade Break? first appeared on SchiffGold ..read more

Peter recently appeared on Market Overtime with Oliver Renick for an interview. In their wide-ranging discussion, Peter speaks on monetary policy, the reliability of inflation data, and reasons to avoid Bitcoin. Contrary to the popular narrative, gold’s recent rise is not because of world conflicts. Inflation is the driving force behind the metal’s price action: […] The post Schiff on Market Overtime: Bitcoin Has No Value  first appeared on SchiffGold ..read more

Peter recently appeared on Fox Business to discuss Bitcoin’s recent performance. In this segment, he takes on Natalie Brunell, host of the podcast Coin Stories, in a friendly debate on the merits of crypto and precious metals. When asked why gold is performing so well, Peter replies, “Gold’s probably going to close at a new record […] The post New Peter Schiff Video: Bitcoin is Getting Clobbered by Gold first appeared on SchiffGold ..read more

Since Nayib Bukele became president of El Salvador, El Salvador has been in American media and global political discussion more than ever. While much of the attention focuses on Bukele’s mass incarceration of gang members and a decline in homicide of over 70%, Bukele has also drawn attention to his favoritism towards Bitcoin and how he […] The post Will the World’s Most Pro-Bitcoin Politician Embrace Gold? first appeared on SchiffGold ..read more