Gold falls as war drives oil higher, but Peter Schiff says stagflation, deficits, and a weaker dollar are setting up gold’s next major surge.

Peter Schiff explains why the latest pullback in gold, silver, and mining stocks is not a sign that the bull market is over, but a temporary reaction to rising oil prices, higher bond yields, and a stronger dollar. He argues that markets are focusing too narrowly on delayed Fed rate cuts while missing the bigger picture: war-driven deficits, stubborn inflation, a weakening economy, and mounting pressure on the Federal Reserve to eventually monetize even more debt.

He also breaks down soft GDP growth, rising PCE inflation, weakness in housing, and what he sees as the widening gap between Trump’s economic claims and the underlying data. Schiff’s core thesis is that stagflation, war spending, and long-term dollar weakness remain strongly bullish for gold and silver, while the current selloff is creating another buying opportunity.

Chapters:

00:00 Metals Pullback Buy Zone

02:00 Stocks Oil Rates Dollar

05:07 War Deficits Bullish Gold

09:51 Inflation Reality Check

17:10 Housing Bubble Warning

22:54 Lies or Delusion

24:18 Economic Boom Claims

25:15 War Fallout and Stagflation

33:07 Gold Silver Big Picture

37:56 Buy the Dip and Wrap Up

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#Gold #OilPrices #Inflation

Oil prices are exploding past $93 a barrel as Trump's unconditional surrender demand sends shockwaves through markets—but here's the real inflation culprit nobody's talking about, and why the Fed's rate cuts are about to make everything worse.

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Peter Schiff analyzes the massive oil price surge following Trump's Iran war, with crude jumping from $90 to over $119 per barrel before pulling back slightly as countries coordinate strategic petroleum reserve releases. Schiff argues that while rising oil prices don't directly cause inflation, the government's monetary and fiscal response to fund the war and rebuild Iran will trigger massive money printing and borrowing, creating real inflation across all goods. He criticizes Trump's economic lies, including false claims about $18 trillion in foreign investment and job creation numbers that show only 181,000 jobs created in 2025 versus 2.2 million under Biden's final year.

Schiff expresses outrage over Trump's campaign against Congressman Thomas Massey in Kentucky, calling Massey "the best congressman we have" and the only Republican who truly stands for constitutional principles, limited government, and fiscal responsibility. He explains that Massey voted against Trump's "big beautiful" tax bill because it increased spending without corresponding cuts, making it a disguised tax hike rather than genuine tax relief. Schiff sees Trump's attack on Massey as proof that Trump opposes real conservative principles, preferring rubber-stamp politicians over principled representatives who honor their constitutional oath.

Chapters:

00:00:00 Show Cold Open

00:00:55 War and Oil Shock

00:09:45 Inflation and Fed Blame

00:16:20 Unconditional Surrender Walkback

00:21:57 Dollar Power and Gold Outlook

00:29:31 Mining Stocks Selloff

00:31:14 Oil Spike and Profits

00:32:24 How to Buy Exposure

00:33:41 CPI and Inflation Reality

00:37:27 Massey Trump and Media

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#PeterSchiffShow #OilPrices #GoldInvesting

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

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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