Show Notes
Peter discusses the Iran war, the market reaction in gold and silver, the plunge in mining stocks, the surge in oil, Bitcoin’s dead-cat bounce, weak jobs data, rising inflation risks, the coming recession, de-dollarization, and why he believes this selloff is an opportunity to buy, not a reason to panic.
Peter Schiff breaks down why gold and silver sold off during the first week of the Iran war — and why he believes the market is getting it wrong. While many investors expected war to send precious metals sharply higher, gold finished the week down and mining stocks were hit even harder. Peter explains why this looks like a classic buy-the-rumor, sell-the-fact reaction, not the end of the bull market.
He argues that the real consequences of war have not yet been fully priced in: higher oil, bigger deficits, more money printing, stickier inflation, a weaker economy, and a weaker dollar over time. Peter also explains why he believes the political fallout could be severe, why Republicans may pay a heavy price in the midterms, and why the long-term winners remain gold, silver, mining stocks, and foreign markets positioned for de-dollarization.
Chapters: 00:00 War Context And Setup 02:08 Weekly Metals Selloff 04:14 Buy Rumor Sell Fact 06:52 Oil Spike And Optimism 09:38 Energy Reality Check 11:37 War Escalation And Politics 15:34 Stocks Dollar Bitcoin Moves 17:52 Deficits Inflation And Gold 24:53 Weak Economy And Jobs Shock 33:07 Midterms Outlook And Wrap
Follow @peterschiff X: https://twitter.com/peterschiff Instagram: https://instagram.com/peterschiff TikTok: https://tiktok.com/@peterschiffofficial Facebook: https://facebook.com/peterschiff
Get more gold & silver now: https://www.schiffgold.com 1-888-GOLD-160 (465-3160) Open a T Gold account: https://www.tgold.com Open a managed account: https://europac.com Listen to The Peter Schiff Show: https://schiffradio.com Follow the main channel: https://youtube.com/peterschiff
Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai
Privacy & Opt-Out: https://redcircle.com/privacy
More from The Peter Schiff Show Podcast
Producer prices just annualized to 17%. Banks sit on $2 trillion in mortgage losses. Peter Schiff explains why 2008 and 2021 are both hitting at once.
Producer prices rose 1.3% in one month, 17% annualized. Gold and silver fell anyway, and that is a gift.
September prices rose 0.6%, or 7.4% annualized. Peter Schiff explains why the Fed has already lost the inflation fight and housing is next.
Consumers are more worried now than at 2022's 40-year inflation high. Peter Schiff shows why the 'greatest economy ever' is pure fiction.
Tariffs failed, imports hit a record, and France is rioting. Peter Schiff explains why America's sovereign debt crisis is next.