Peter Schiff

Gold and silver are up big again today, even as Treasury yields continue to rise. Gold is above $4,150 and silver is back above $60. Precious metals and bond yields rising together signal that investors fear that despite Warsh’s tough talk, the Fed will fail to rein in inflation.

Trump just gave Saudi Arabia major nuclear concessions while his family already has extensive business interests there. This may be good policy, but Trump's personal financial interests are more than bad optics. They create serious conflicts of interest that shouldn't be allowed.

Oil prices and bond yields continue to rise, with oil above $85 and yields on 10- and 30-year Treasuries now at 4.63% & 5.14%, respectively. These trends will likely continue and are bearish for the economy and corporate earnings. How much longer can stock investors ignore this?

Everything is rallying today. Most likely, it's a Turnaround Tuesday head fake. The exception may be gold and silver, which are up about $70 and $2.50, respectively. While deteriorating fundamentals have been bearish for tech and Bitcoin, they've been bullish for precious metals.

Trump's new 50% tariffs on a long list of Canadian imports will hit American consumers hard. Not only will they increase our overall cost of living, but they will specifically increase the cost of home construction, making new homes even less affordable than they are now.

More air is coming out of the AI bubble as Moonshot AI’s Kimi K3 intensifies low-cost Chinese competition. $SPCX is now trading below $121, almost 11% below its IPO price and more than 46% below its high. AI isn’t a bubble, but AI stocks are. The bubble has likely already popped. SpaceX closed under $120, near the low of the day. That's more than 11% below the IPO price. The chart is not looking good.

The Fed Admitted It. The Treasury Blew It. The CPI Lied. https://t.co/3axzqiVPqu

The Fed Admitted It. The Treasury Blew It. The CPI Lied. New episode. https://t.co/Y6MnPyHVJ9

If you ask AI to objectively review all the publicly available information, including what's been published on https://t.co/BmV7zaxKAr about Euro Pacific Bank—including the evidence from the successful defamation lawsuit against Nick McKenzie and 60 Minutes Australia, the now-unredacted emails obtained through FOIA between the IRS, ATO, and OCIF, and the fact that no criminal charges were ever filed against anyone associated with the bank, including its customers—and offer an opinion as to why the bank was shut down, it will conclude that the bank was shut down purely to allow the J5 to turn its failed Atlantis investigation into a fake succe…

Gold stocks are under pressure today, despite gold itself rising $30 and retaking $4,000. Investors still don’t understand how bullish the fundamentals are for gold or how much they’ve improved due to war, bursting tech bubbles, and rising deficits, inflation, and bond yields.

Despite a 30% drop in oil prices in June, YoY import prices rose 7.1%, and export prices rose 10.2%. This is far more indicative of the price increases U.S. consumers are actually paying than the 3.5% YoY increase in the June CPI and explains why inflation is such a big conern.

@123_sami83382 I do. You should buy some.

$SPCX is coming back down to earth in after-hours trading. It’s down 3.7% to $126.25. That’s 6.5% below its IPO price and 44% below its high. This is happening before any of the lockups expire, which expand the potential tradable float 8X by year-end. Houston, we have a problem!

$SPCX closed at $131.11, nearly $4 below its IPO price and 42% below its high. $NFLX is already down 7% after hours. Rising interest rates, war, inflation, and excessive valuations may finally trump momentum. Bitcoin was the first bubble to pop. Many more will meet the same fate.

Join me in New Orleans in November at the granddaddy of gold-mining investment conferences. https://t.co/IJCiy4qxnn

Read the latest unredacted emails the IRS produced after losing the lawsuit I filed to force it to do so. I’m sure there is still far more explosive evidence to come, as the IRS has yet to disclose the vast majority of what the judge ordered it to produce.https://t.co/kqKDy94SOI

What’s the reason to own $MSTR? It’s no longer a leveraged Bitcoin bet. MSTR shares will keep being sold at massive discounts, substantially diluting the Bitcoin owned per common share indefinitely. MSTR is really just a funding source for creditors and preferred shareholders.

Pending home sales fell in June on both a monthly and annual basis, driven by a 10-month high in mortgage rates and record-high home prices. Contracts sank 5.4% compared with May and fell 0.3% YoY. The MoM pullback was nationwide, while YoY sales fell only in the South and West.

In the latest Trump grift, Truth Social will now sell faster access to Trump’s market-moving posts to institutional investors willing to pay for it. This is yet another example of Trump's unprecedented exploitation of the presidency for personal financial gain.

Operation Atlantis produced no charges and no evidence that Euro Pacific Bank facilitated tax evasion or money laundering. Unable to secure a criminal result, the ATO and IRS, on behalf of the J5, pursued victory in the media instead. Confidential information was leaked to Nick McKenzie, whose defamatory 60 Minutes broadcast and The Age articles falsely portrayed the failed investigation as proof of criminal misconduct. To add credibility, McKenzie likely recruited New York Times reporter Matthew Goldstein to participate in the “investigation.” The resulting bad publicity caused customer withdrawals and financial losses that weakened the ban…

The newly unredacted emails raise the serious possibility that the ATO pushed for the shutdown and global press conference to create an official event that would validate Nick McKenzie’s reporting and help him defend against my defamation lawsuit. Julie Holt specifically cited McKenzie’s interest when proposing the global event and drafted much of the messaging Jim Lee read during the press conference. McKenzie then used the shutdown as evidence in his defense. I do not yet have the specific communications proving the full arrangement, but the circumstantial evidence is compelling. What’s very frustrating is that it’s likely that, had I not …

I now know that the remarks read by IRS-CI Chief Jim Lee during the press conference announcing the shutdown of my bank were written by Julie Holt, Director of Crime and Fraud Communications at the Australian Taxation Office. Based on her emails, which specifically mention Nick McKenzie on multiple occasions, I believe she was acting on McKenzie’s behalf. The judge had not yet ruled on my defamation lawsuit, and the action against my bank was designed to be used by McKenzie in defending against my lawsuit. McKenzie did, in fact, introduce the action against my bank as part of his defense, but he lost the lawsuit anyway. Now I am hoping I can …

Based on newly unredacted IRS emails, it’s clear that the Australian Taxation Office was the driving force behind the IRS effort to get OCIF to shut down my bank as a J5 publicity stunt. It was likely also a favor for @Ageinvestigates, who I successfully sued for defamation.

The OCIF Commissioner told the IRS she would deliberately delay serving the C&D order until shortly before the press conference to prevent the bank from obtaining an injunction before the closure was implemented and publicly announced. This was highly unethical & likely illegal.

I just read the J5’s detailed 6-page communications plan, likely written by the ATO, to use the media to turn its failed Atlantis investigation into a fake success and frame my bank for tax evasion and money laundering for the sole purpose of improving the J5’s global reputation.

I just read another unredacted email showing that former IRS-CI Chief Jim Lee, on the morning he spoke at the press conference announcing the closure of my bank, still had no idea what the bank had actually done to facilitate tax evasion or money laundering. So, until the day of the press conference, he had no idea that the bank was completely innocent and that the entire press conference was a publicity stunt. He asked Justin Cole, the IRS-CI communications director, for two brief examples of what the bank had done to help its customers evade taxes or launder money. The answer is redacted, but I know for a fact that Cole could not come up w…

You can buy this set of silver certificates on eBay for $31.99. According to Treasury Secretary Bessent, you can take each set to Fort Knox and claim your five silver dollars. Silver dollars sell for about $60 each on eBay. So a $32 purchase gets you $300 worth of silver dollars. https://t.co/DtcnnK0xh7

When asked what the consequences would be if the hundreds of billions of dollars spent by AI hyperscalers never proved profitable, Warsh minimized the economic consequences by saying that capital for those companies might dry up and that some future investment would be curtailed.

AI Cash Cows Just Became Cash Vacuums... This Breaks the Bond Market https://t.co/9TsZ7ltvGR

Today, Kevin Warsh was asked specifically what he would do about the inflation problem. The three actions he claimed he would take amount to all talk. Warsh's plan is to convince the markets that he is serious about reducing inflation without actually doing anything to reduce it.