The Peter Schiff Show Podcast Gold Successfully Tests $4k Support - Ep 1047
Oct 24, 2025
Delve into the volatility of gold and silver markets as recent price swings stir investor sentiment. Uncover Peter's critique of the Fed’s policies and the effects on inflation. Discover why $4,000 might be a new support level for gold. Media misconceptions about gold are dissected, revealing a trend of skepticism among investors. Explore the contrasting dynamics of Bitcoin and gold, alongside a discussion on Trump’s influence in the crypto realm. Finally, get insights on Newmont's impressive earnings and the implications for miners.
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$4,000 Became Gold's New Floor
- Gold's 4,000 level acted as a floor, not resistance, during the recent rally and correction.
- Peter Schiff argues this establishes $4,000 as the new support and signals further upside in the bull market.
Sharp Dips Validate The Bull Market
- Sharp intraday drops are normal in a bull market and often flush out weak hands.
- Schiff says these corrections indicate a healthy bull market climbing a 'wall of worry.'
Media Spins Gold Flows Differently Than Crypto
- Financial media frames ETF inflows for gold as 'chasing the highs' while praising similar inflows into Bitcoin.
- Schiff highlights this inconsistent coverage as bias against gold despite rising investor interest.