Author: Peter Schiff

China and Japan Dump More US Debt

China and Japan Dump More US Debt from SchiffGold China and Japan dumped more US Treasuries in October, even as the federal government continued to run up its debt. Chinese holdings of US Treasuries dropped for the fifth straight month, sinking to...

Officials Break Ground for Construction of Texas Bullion Depository

Officials Break Ground for Construction of Texas Bullion Depository from SchiffGold  Last week, officials broke ground for construction of the country’s first state gold depository in Texas. The creation of the Texas Bullion Depository represents a power-shift away from the federal government, provides a...

How Much Gold Do the Chinese Have?

How Much Gold Do the Chinese Have? from SchiffGold  How much gold does China really have? The short answer is we don’t really know. Officially, the Chinese central bank’s reserves stand at 1,842.6 tons. But the People’s Bank of China has not...

Fun on Friday: Extreme Bling

Fun on Friday: Extreme Bling by Michael Maharrey Schiff Gold Bling isn’t really my thing. But a lot of people enjoy sporting gold jewelry. Well, a 36-year-old businessman in Vietnam takes bling to a whole new level. Tran Ngoc Phuc wears...

Uncle Sam Runs Record $205 Billion Deficit in November

Uncle Sam Runs Record $205 Billion Deficit in November from SchiffGold  Washington D.C. just keeps right on spending. The U.S. federal government ran a $204.9 billion deficit in November, according to the most recent Treasury Department report. That set a record for...