peterschiff1.bsky.social - Profile | ThreadSky | a Reddit-style client for Bluesky

For transparency, I moved my Strategic Bitcoin Reserve from an exchange to a hardware wallet. Today is my 62nd birthday. To build my reserve in a budget-neutral way, just like the U.S. government, in lieu of gifts, I'm accepting Bitcoin bc1qtg2ykfvy6wvp55nqn806mvdyyuh3shmlnpusm5

submitted 10 days ago • 1 comment

Silver is down over 60 cents. It's back below $33. I'm not sure who is selling. But I'm sure some leveraged longs in the futures market got stopped out. Their loss can be your gain. But the dip.

submitted 12 days ago • 0 comments

Trump’s latest comments reveal that artificial credit expansion, not tariffs, is the true driver behind recessions. The political narrative is failing.

submitted 12 days ago • 0 comments

The Fed's fight to kill inflation didn't cause an official recession because inflation didn't die. The Fed didn't fight hard enough to kill it. It was too concerned about collateral damage to financial markets and the economy. Therefore, inflation will return stronger than ever.

submitted 12 days ago • 0 comments

Now that the Kennedy files have been released, the Trump Administration should release the 500-plus pages of documents the IRS illegally redacted in its FOIA production that prove the conspiracy among the IRS, OCIF, the J5, The New York Times, and 60 Minutes to destroy my bank.

submitted 14 days ago • 0 comments

It makes no sense for gold mining stocks to be down because gold falls from $3,035 to $3,028. Gold mining stocks would still be cheap if gold fell to $2K! Also, as long as gold stays within a few hundred dollars of $3k, these stocks should crush Wall Street's earnings estimates.

submitted 14 days ago • 0 comments

Before corrupt IRS agents, the N.Y Times, and 60 Minutes illegally conspired to destroy my bank, we refused to accept crypto related accounts. Not because we didn't want the business, but because regulators considered the industry a high risk for money laundering & tax evasion.

submitted 14 days ago • 0 comments

Before corrupt IRS agents, the N.Y Times, and 60 Minutes illegally conspired to destroy my bank, we refused to accept crypto related accounts. Not because we didn't want the business, but because regulators considered the industry a high risk for money laundering & tax evasion.

submitted 14 days ago • 0 comments

All the discussions are about how many interest rate cuts the Fed will deliver this year. Given that current monetary policy is too loose, and that inflation is already above target and headed much higher, the discussion should be about how many rate hikes the Fed will deliver.

submitted 15 days ago • 0 comments

Attention Bitcoiners: You guys are running out of time. Most of you are too young and inexperienced to recognize what the markets are telling you. The Bitcoin bubble has popped. Real gold is in and digital fool's gold is out. You fail to recognize this shift at your own peril.

submitted 15 days ago • 1 comment

Attention Bitcoiners: You guys are running out of time. Most of you are too young and inexperienced to recognize what the markets are telling you. The Bitcoin bubble has popped. Real gold is in and digital fool's gold is out. You fail to recognize this shift at your own peril.

submitted 15 days ago • 0 comments

In Feb 2024, Argus downgraded Barrick Gold to Hold based on a bearish outlook for gold, which was trading just below $2K. But the analysts said they'd reverse the call if their outlook for gold improved. Since then, gold is up 50% and Barrick is up 35%. What are they waiting for?

submitted 15 days ago • 0 comments

Tariffs will raise the price of manufactured goods and commodities. Inflation will raise the price of all goods. But the media will put all the blame for higher prices on tariffs. This will again let the Fed off the hook as the real source of inflation and put the blame on Trump.

submitted 15 days ago • 0 comments

Gold is climbing higher into record territory, trading at $3,025. Silver is even stronger trading at $34.10. U.S. stocks are lower as foreign stocks are higher. Ironically, the real Trump trades are selling U.S. stocks to buy foreign stocks, and selling Bitcoin to buy gold.

submitted 15 days ago • 0 comments

The Empire State Manufacturing Index plummeted in March by the most in nearly two years, with new orders falling sharply and input prices climbing at the fastest rate in more than two years. Stagflation is a reality. Rate cuts and QE in this recession will send inflation soaring.

submitted 16 days ago • 0 comments

The Empire State Manufacturing Index plummeted in March by the most in nearly two years, with new orders falling sharply and input prices climbing at the fastest rate in more than two years. Stagflation is a reality. Rate cuts and QE in this recession will send inflation soaring.

submitted 16 days ago • 0 comments

The idea that tariffs won't raise prices but that they will result in production and jobs coming back to the U.S. is wrong. The only way tariffs can bring production and jobs back to the U.S. is by making imports so expensive that domestic production becomes a viable alternative.

submitted 16 days ago • 0 comments

The idea that tariffs won't raise prices but that they will result in production and jobs coming back to the U.S. is wrong. The only way tariffs can bring production and jobs back to the U.S. is by making imports so expensive that domestic production becomes a viable alternative.

submitted 16 days ago • 0 comments

America was founded by rugged individuals who created government to secure their rights and leave them alone. Americans today want government to violate other people's rights, steal their stuff, and give it to them. The home of the free has become the land of the freeloader.

submitted 16 days ago • 0 comments

As gold consolidates its gains around $3K, both the $GDX and $GDXJ finally took out their Oct. 2024 highs. Next is to take out the Aug. 2020 highs, which means gains of 4% and 13% respectively. It's ridiculous that gold is up 50% since Aug. 2020, yet gold mining stocks are down.

submitted 16 days ago • 0 comments

Gold is back above $3,000 and the U.S. dollar is lower as foreign central banks continue to sell dollars to buy gold. Foreign stocks are higher while U.S. stocks are lower, as investors keep selling U.S. stocks to buy foreign stocks. Investors selling Bitcoin to buy gold is next.

submitted 16 days ago • 0 comments

Gold rising 13% when the NASDAQ fell 12% (and Bitcoin fell 24%) doesn't mean that gold will fall when the NASDAQ rises. In fact, if the NASDAQ turns due to Fed rate cuts or QE, despite inflation being above target, gold will likely rise by a far larger percentage than stocks.

submitted 16 days ago • 0 comments

Preston didn't get a TD today, but the Spartans won 39-14 to go 5-1 for the regular season. Playoffs start next week. Preston did have several good runs, he scored an extra point conversion, and recovered a fumble on offense. Here's the entire team. Preston is #7 in the middle.

submitted 18 days ago • 0 comments

I've decided to create my own Strategic Bitcoin Reserve. Just like the U.S. government, I'm developing a budget-neutral strategy for acquiring my bitcoin at no incremental cost. Phase one of my strategy is inviting contributions to my reserve bc1qtg2ykfvy6wvp55nqn806mvdyyuh3shmlnpusm5

submitted 23 days ago • 1 comment

Silver is still below $34. If you are thinking about buying precious metals, I think silver is the better buy. But the best buy is gold and silver mining stocks. They are still trading below where they were before Trump was elected. The best way to buy the miners is $EPGIX.

submitted 20 days ago • 0 comments

Central banks buying gold is like insiders selling stock. When those closest to a company dump their stock, retail investors often follow their lead. When those closest to the fiat system demonstrate a loss of confidence by dumping dollars, you'd be foolish not to follow suit.

submitted 20 days ago • 0 comments

www.youtube.com/watch?v=vq9W...

submitted 20 days ago • 0 comments

Investors should not get excited by the 0.2% rise in Feb. CPI just because it's less than the 0.3% that was expected. Inflation is still much too high, and headed higher. The lower Feb. number was mainly due to a temporary drop in oil prices, which will soon head much higher too!

submitted 20 days ago • 0 comments

Go watch it www.youtube.com/watch?v=vq9W...

submitted 22 days ago • 0 comments

Even as U.S. stocks are now adding to yesterday's sharp losses, gold and silver mining stocks have already recovered 100% of yesterday's losses and are now positive over those two days. Miners never should have been sold yesterday. They are now poised for an explosive rally.

submitted 22 days ago • 0 comments

If Donald Trump wants to make America great again and balance the federal budget, he has no greater ally in the House than @RepThomasMassie. The fact that Trump wants to lead the charge to rid the House of its most honorable member committed to the Constitution speaks volumes.

submitted 22 days ago • 0 comments

The U.S. Dollar Index has now lost all of its post-Trump victory gains, trading at its lowest level since Oct. 2024. I expect another 10% - 15% drop by year-end, with even more downside in 2026. This, plus tariffs, will put substantial upward pressure on the CPI and bond yields.

submitted 22 days ago • 0 comments

Trump won't be able to shut down the Canadian car industry. Canadians will buy more cars made in Canada and fewer made in the U.S. Many cars Canada now exports to the United States will be sold in South America, Europe, or Asia instead. As a result, U.S. car prices will go up.

submitted 22 days ago • 0 comments

In typical fashion, @CNBC reports that Bitcoin is holding above $80,000 but says nothing about gold holding above $2,900. The resilience of gold should be far more important to their viewers than a dead cat bounce in Bitcoin.

submitted 22 days ago • 1 comment

Trump has called for Massie to be primaried before; notably, the one GOP member who doesn't calculate every move for maximum line-toeing and ass-kissing must be disposed off @RepThomasMassie

submitted 22 days ago • 0 comments

Now that Bitcoin fell below $77K, it's down 30% from its January record high. It's hard to see the rationale for the U.S. government holding Bitcoin as a reserve asset when it can lose that much market value so quickly. The rationale will be even harder to see when it's down 50%.

submitted 23 days ago • 0 comments

Ethereum, the second most popular crypto token, which Trump claimed to love, just cracked below $1,900, trading at its lowest price since Nov. 2023. The Ethereum ETFs are trading at new record lows, down over 45% since Wall Street first sold them to the public in July 2024.

submitted 23 days ago • 0 comments

Now there is another reason to bring manufacturing back to the United States. A lot of crypto millionaires are going to need jobs.

submitted 23 days ago • 0 comments

This Jan. 24th podcast, titled "The Consensus Trades are About to Unravel" is looking more prescient every day. If you missed it in Jan. you should listen to it now. www.youtube.com/watch?v=OOwN...

submitted 23 days ago • 0 comments

No trade wars raise the price of imports. The U.S. is more dependent on imports than any nation in the world. So Trump is holding the weakest hand.

submitted 23 days ago • 0 comments

Trump can't win a trade war because he doesn't have the cards.

submitted 23 days ago • 0 comments

Trade wars raise the price of imports. The U.S. is more dependent on imports than any other nation in the world. So Trump is holding the weakest hand.

submitted 23 days ago • 0 comments

The yield on the 10-year JGB is now 1.55%, the highest it's been since 2008. For now yields are slowly creeping higher, but at some point the pace of the rise will accelerate. When that happens the downward pressure on both U.S. Treasuries and U.S. stocks will intensify.

submitted 23 days ago • 0 comments

The government will soon officially acknowledge the recession we've been in for years, but which was covered up by fake data. Voters weren't fooled, which is why they elected Trump. But the media narrative will blame the recession and the rise of inflation on tariffs and DOGE.

submitted 23 days ago • 0 comments

To avoid confusion I'm not going to be selling any Bitcoin from my strategic reserve. My strategy is to go down with the ship, like a true HODLer!

submitted 23 days ago • 0 comments

I've decided to create my own Strategic Bitcoin Reserve. Just like the U.S. government, I'm developing a budget-neutral strategy for acquiring my bitcoin at no incremental cost. Phase one of my strategy is inviting contributions to my reserve bc1qtg2ykfvy6wvp55nqn806mvdyyuh3shmlnpusm5

submitted 23 days ago • 1 comment