The Pomp Podcast Pomp DESTROYS Peter Schiff on Gold, Bitcoin & Inflation
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Jan 30, 2026 
Peter Schiff, chief economist and long-time gold advocate, argues from a precious-metals and macro risk perspective. He debates tariffs, inflation measurement, and whether a weaker dollar helps or hurts. They spar over gold versus bitcoin, mining stocks, and the prospects for U.S. manufacturing in a shifting global trade and monetary landscape.
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Metals Rally Signals Dollar Flight
- Peter Schiff says metals rally reflects a move out of dollars into hard assets driven by inflationary Fed and fiscal policies.
- He warns this could fuel monetization of deficits and a potential collapse of the dollar, causing runaway inflation.
Tariff Effects Can Mask Consumer Costs
- Pompliano cites solar panels and washing machines where prices fell despite tariffs, suggesting producers absorbed margins or domestic production filled gaps.
- Schiff replies prices would have fallen more without tariffs and the consumer ultimately pays; initial absorption is temporary.
AI Is Deflationary But Not A Get-Out-Of-Inflation Card
- Pompliano sees AI as a major deflationary force that can lower costs and reshape labor and insurance markets.
- Schiff accepts AI improves efficiency but argues it doesn't justify allowing inflationary fiscal and monetary policy to erode gains.