'Much Higher Prices' For Gold & Silver as Debt Skyrockets: Peter Schiff

Peter Schiff sees the economic situation in the U.S. continuing to decline, as out-of-control government deficits, skyrocketing debt and persistent inflation crush the American dream. Gold and silver's recent price action are a testament to this fact and Peter believes that as the economy continues to worsen, precious metals are headed much higher.
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00:00 Introduction
01:27 Rise of Silver and Gold
04:25 Lack of Attention From Media
07:48 Dedollarization Continues
10:53 Putin Calls for Oil Trade Outside USD
13:53 Will Inflation Lead to Civil Unrest?
20:32 Path to a True Free Market
23:09 Catalysts Driving Silver
26:34 Opportunity in Gold Miners
31:42 What Other Commodities Will Outperform?
#gold #silver #preciousmetals

[@BlueWaterSTAX]

Peter Schiff is legendary. He'll be right in the end. Just like in 2008. Thanks Jesse. Awesome channel

[@4anewdeal190]

he saw nothing his clients lost big!

[@arbiter9180]

He's going to get wiped out.

[@youknowmr11]

Bitcoin is the greatest ponzi ever created. XRP will be the only digital asset backed by gold that will survive as Trump and Judy Shelton return us to the gold standard. Trump will end the Federal Reserve and petro dollar only to be replaced with a silverback like Kennedy printed up and are stored uncut in sheets as we speak. Watch and be amazed. Peter is on the right track for the most part.

[@jamesdean7756]

Since 2008 lol wake up

[@johnbethea4505]

If people in this country don't want gold and silver, I feel sure that the BRICS countries and others will be glad to buy them.

[@tworley210]

Yes and at less than half its real value thanks to the West's foolish attempt to control the price of gold. Controlling the price of gold is impossible, it controls the price of all fiat currency. Gold is money, fiat is debt. The dollar is the tail wagging the dog but since the US government and its military actually was strong once, long ago and far away, its taking a long time for the piper to be paid. Doesn't what is happening to the younger generation as the population bubble bursts remind you of the Pied Piper of Hamlin? The kids know that the can the government has been kicking for six generations is going to fall, open top down, on them. They will be trapped, poverty stricken and helpless as the government falls due to its own devices. I speak metaphorically as what replaces the current elite dictatorship will be replaced by another elite dictatorship with the same name and much the same game. However, no one will any longer believe that the USA is the greatest nation on earth. We aren't by any means. Norway is much richer, BRICS is rising and we are in the crosshairs of The Deity's vengeance. All because Richard Millhouse Nixon and every president since, didn't want to pay for our Forever War with taxes any more and chose debt instead. God Bless Us All

[@oliviabatulan5486]

Thank you

[@keithbellair9508]

Broke ass Americans cant afford it

[@user-uk8hw4uf9o]

In Gold we trust

[@pamelataylor-fryer7563]

❤

[@povarful]

Peter is awesome! I wish you a good day sir!

[@Gold_Silver.]

Peter the 🐐 of economics. #Gold & #Silver 🚀🌕

[@aleski4090]

Congratulations on landing an interview with Schiff. Legendary

[@CommodityCulture]

Thanks, it's the third one with Peter on the channel and I will be sure to bring him back again.

[@CollectorChronicles]

I can't get enough Peter Schiff

[@vermeerrecpt9290]

“Money is gold, and nothing else.” J.P. Morgan

[@0815funkmaster]

It's "Gold is money, everything else is debt"

[@youknowmr11]

I agree Peter with you on silver gold relationship. Right on man. Silver will out perform gold.

[@robertkarr9792]

Peter Schiff...is a sincere ...Straight shooter.. Thank you Peter.

[@povarful]

2500 gold by the end of the this month, then a correction and then 3k in July, August time. Not a financial advice.

[@MCP18796]

For real?

[@povarful]

@@MCP18796 well, future will show!

[@MrRyan83]

I'm going to sue you if your wrong. I'm going to spend everything I have on your recommendation. 'not financial advice'... pfft

[@MrRyan83]

😂

[@stuartmoore6310]

With history as a guide we're near a top for the year and come summertime probably going to see a pullback to 2300 or 2250. I realize everything is different now so it's all just guessing. Past performance is not indicative of future results. Then back to 2500 by the year end.

[@jasonhaberl4848]

I was a fan of Peter’s dad Irwin Schiff from the excellent documentary America, Freedom to Fascism before I knew about Peter 👍🏻

[@cosmosaic8117]

I’m about to buy his book “The Federal Mafia: How the US Government Illegally Imposes Income Taxes”…I will check out this documentary

[@chaddy-me-boy8299]

@@cosmosaic8117Peter would say to read it, learn about the bigger picture, but pay the least tax legally, the judges won’t rule in your favor. ✍️

[@cosmosaic8117]

@@chaddy-me-boy8299 fuck the judges

[@stewart5284]

Peter, you're looking good! I can tell you've lost weight and lowered your blood glucose and probably insulin too by intermittent fasting. In these times when diabetes type 2 is at record levels in America especially, most people can improve their health by intermittent fasting and lowering their carb (sugar) intake. You don't have to count calories because you are naturally creating a daily calorie deficit by not snacking and eating only one or two healthy meals per day. We must invest in our health first which is the most important investment of all! 💪👍☝️

[@russelbrown6275]

It does work. I lost 40 lbs in less than 6 months and I still continue to fast and have maintained the 40 lb loss with no problem or nagging hunger. In fact I eat whatever I want and as much as I want. Ironically after just a few weeks you get used to it and eat close to 75% less and I feel the best I have in years. All of my health readings are in perfect condition.

[@Randy-MacDonald]

I’m on a great diet plan, I can’t afford to eat three times a day anymore…

[@kabuti2839]

Have to do research for yourself & learn how we've been consuming poison all our lives. We mention this to as many people as possible, they just never hear it otherwise.

[@MCP18796]

Can you elaborate how to do this?

[@kabuti2839]

@user-fn2sj8zw3u quit eating sugar, anything with sugar ingredient & Carbohydrates

[@TwitchRadio]

Thanks for the video as always and thanks for your time... Keep up the good work you both are doing.. 😎✌️

[@joeysocks5718]

Glad I listened to Peter and bought gold/silver and miners.

[@zillurrahman5736]

Amazing discussion 😊

[@fandangofandango2022]

Wonderful Content.

[@BatmanBoss]

Thanks

[@peterwulff469]

Schiff is 100% correct! It's super interesting to see how it'll all end for the US.

[@jamesjuranek2359]

I’m not sure that interesting is the right word, but it certainly won’t be boring

[@animalblack8482]

Very good gents thxu

[@goldcic]

The Federal Government could be cut in half & nobody would notice.

[@75alifarsh]

You are absolutely right on bit coin.

[@jorgequintanillare]

My Sensei Peter Schiff. Respect to the man.

[@alfonsoalfonso5254]

Corporations are losing income but there executives are still receiving million dollar bonuses. And politicians are multimillionaire and getting wealthier.

[@HML-it7te]

Yeah, just look at Elon Musks “promised” pay. No one on earth is worth THAT much.

[@JamesBond-vg6wz]

Earth has enough for everyones need, but not for everyones greed..Simplicity is key..Dont burden yourself with what might weigh you down..Time is your most valuable asset..Dont waste it..🙏🌍

[@Firehorse39]

Thank you Peter. Always a blessing. We’ve never been able to afford gold but we know we will all be better off when we insist on returning to the authenticity and accountability of gold.

[@Omega3FS]

Thx, Peter and you did a great job

[@CommodityCulture]

Thanks for watching!

[@habyalexandru2265]

Get curency out of the banks Buy gold and silver

[@tmo4330]

I did last time it was 1,700 oz. Looks like time to sell now.

[@thomaschew2191]

Suddenly and without warning, I find myself wanting to stack silver.

[@josephcarioggia9506]

Me too because I can't afford gold ..

[@danoneill2846]

yep

[@NatiaMaisuradze-ey5iq]

Seeing how financial markets ebb and flow reminds me of past events. Artur Grandi's book provides a clear formula for stabilizing investments and delves into options like cryptocurrency investments.

[@rickhayes-oh2zm]

Peter is a great teacher. Won't let him on the news channels. Why.

[@drew997]

lol you already know why, too many inconvenient truth bombs haha.

[@keithbellair9508]

Because he exposes the communists economic lies and bullshit.

[@johnbethea4505]

I was born poor in 1946, so we were accustomed to not having very much. We just learned to not having so many things. We only aimed to have what we could afford or to do without.

[@PaulB-gl1ix]

I was born in '58. I have the attitude to enjoy the material things money can buy. I'm a photographer so that means the latest Leica, Hasselblad, ProFoto gear. Mind you my home is paid off and I have investments. My wife is opposite. Conservative!!! Your approach is similar to my parents, buy the neccesities and spend carefully... I get it.

[@johnbethea4505]

@PaulB-gl1ix I am glad you have the ability to buy nice cameras, but they are a necessity for your work. Owning a hose that is paid for is great. I own several homes and many acres of farmland and timberland. I have a few hundreds of pounds of silver. I worked and saved and invested to achieve what I do have. I have done all of these things for my family because I only buy what I need. Have a great life, and enjoy it, for it is short. Be friends with those who deserve your friendship and have a great life.

[@PaulB-gl1ix]

@@johnbethea4505 Good advice! I might add, there is more after this life. Jesus as your saviour… that trumps it all!!!

[@stuartmoore6310]

​@@PaulB-gl1ixyou can say that and believe that but you don't know for sure do you? You may think you do but you really don't.

[@PaulB-gl1ix]

@@stuartmoore6310 No you are incorrect. Biblical text is accurately populated with prophetic passages which foretell history before it happens. The Geo Political state of the World currently for example. The exact positioning of the nations relative to Israel. The existence of Israel at all. These and MANY other signs are 100% confirmation. For myself, there is zero doubt.

[@fire7side]

I can tell because I think twice about buying things that I didn't even think about in the past, like a hamburger, or even a candy bar. It's in everything. You stay home more often. You don't just take a drive for something to do.

[@youknowmr11]

Theres a silver deficit no matter what the JPMorgan types say. The same oz is being sold 15 times.

[@rickhayes-oh2zm]

is it stamped

[@GANAPATIIIII]

Peter Schiff is right. 👀

[@thomasmanning829]

What we know (or ought to know): 1) Fiat currencies have failed EVERY TIME they have been used. The only question is, how long will it take. America and all the other nations throughout the world are now using Fiat currencies, whereas only 70 years ago most nations used gold and or silver backed currencies. 2) Gold and or Silver values always rise to levels equal to the loss of Fiat currency spending power. 3) Governments who spend more currency than they take in as legitimate revenue Create Inflation as a result. 4) Governments BELIEVE they can rein in Inflation at the time Inflation tends to creep higher. America now spends ONE TRILLION Dollars a year to pay the Interest owed on the National Debt. That should be known as "The Great Pissing Away".

[@CommodityCulture]

Very well said, thanks for the comment.

[@rafaelmelitonrodriguezmigl7509]

Peter isn’t the best market timer; he was recommending the purchase of silver at $40 as it was falling from $50.

[@Daniel-sh3os]

His timing was great between 2001 and 2011. It was terrible for the next decade and it has picked up since Powell said the inflation was transitory.

[@aab-el9bd]

who could have predicted that the national debt could reach 34 trillion?

[@lepton31415]

silver is not an investment. it is money.

[@rafaelmelitonrodriguezmigl7509]

@@lepton31415 When mixed with harder alloys it has served as such. The silver medallions sold these days serve only as decoration.

[@lepton31415]

@@rafaelmelitonrodriguezmigl7509 you are confusing "money" with "currency". that's OK. the vast majority of people get that wrong.

[@francoissimmer5394]

gold 3000🚀🚀

[@josephs4212]

I like ian and ark

[@abemanzur6985]

Everything is at a record high energy, groceries from the supermarket, gold, bitcoin, copper everything is record high except for …silver.. 🧐

[@josegonsales4110]

Thank you, this answers my question as to why the miners have been selling off in the face of rising gold and silver prices.

[@jamesholder86]

Income will not go up as much as the inflation of everything will go up. Causing rental property value going down because people cannot pay high rents.

[@CommodityCulture]

I think this is spot on.

[@nts713]

In a liquidation, Bitcoin is gone.

[@markuskoarmani1364]

De bt is 10x higher than shows on records as they stopped recording new numbers. They are letting it float specially the housing market

[@user-xr8jm7gd6w]

there are a lot of people that just doesnt care about higher prices i guess they deserve higher and higher debt levels

[@keithbellair9508]

They get everything free on welfare anyway.. which is what causes inflation.

[@edwinbab3205]

Puerto Rico

[@marialangley5528]

Peter looks chilled today compared to most days. I do understand his frustration though. People in general need re edjucating on money as in real money. Gold silver. Crypto col

[@youknowmr11]

How about zero inflation. Thats what should be gone after.

[@peterpagliaro1835]

Peter seems concerned with cryptos ability to compete with PM's. I am not. I somewhat share his sentiment with bitcoin and many of the others. They simply use too much energy. But the blockchain concept may play a useful part in our future.

[@adamdavies1126]

Hey Jesse, as an Australian investment banker I would really like to come on your show. I have a demo iinterview.

[@marijanmahne]

Skip a breakfast? Skip a dinner rather!

[@user-xq6hj2td3s]

Keep your nerve on keeping your stack of gold be disciplined

[@edwinj.t.p5998]

Question in regards to US gold investing, In Hanoi, PNJ Co. announced a rise of VND400,000 (US$15.75) in both buying and selling gold at VND82.1 million ($3,232) and VND84.1 million ($3,310) per tael. Would this action affect the US?

[@zsoltszeker8425]

👍

[@WhySilverWhyNow]

What’s supportive of the dollar is the US MILITARY, its entrenchment in the world economic system and the amount of global economic dollar denominated debt. It could easily be another 100 years before the dollar is entirely gone.

[@JasonAldeann-bt4xf]

You think these other nations want to keep uur currency on a pedestal for another 100 years?? Lol

[@russelbrown6275]

You are confusing the military with the military industrial complex. There is a big difference.

[@user-jd5oq9rn8p]

Take the 2 zeros.oit of 100 and your.left with 1 yr!! Watch how much the us loses this year alone by 2030 there completely done!!

[@siiwok]

buying DGP NEM GLD and Bitcoin...both will go parabolic this year

[@marialangley5528]

Really enjoyed the show. Crypto col

[@notgunnadoit7461]

When gold really starts moving it will be moving up $100 plus each day and silver once past $30 bucks there is no ceiling. Every time silver goes up a buck I'm up $10k on paper!

[@gwills9337]

You’ve got a lot of silver, sir 🫡

[@chrisrushton3994]

Well done !

[@craigzz00]

Smart man

[@EddieD-mu6mh]

Quarter million dollars worth of silver?

[@user-xq6hj2td3s]

So buy gold at any price bcos it won't be that cheap again.. the only way to wealth ..profit stops the moment when you sold it! ..Be wise knowing that rule

[@100orBust]

The FED cannot raise rates because the Gov't (Treasury) could not service the current US Debt level at higher rates. It's that simple.

[@mr.g1758]

I'm wondering if we won't get to a stage where deflationary forces take over and everything you buy will go down. If the money supply declines, wouldn't that keep a floor under the value of currencies?

[@bobsaggett9678]

The debt based fiat ponzi system can't allow deflation. There will be less money to service debt, which will create less money to service debt, etc... it's why congress spends the way they do. The money supply has to always be increasing.

[@johnnagle7702]

They will print 🖨

[@FefeLeVrai]

Deflation is possible during a financial crisis, but it will only last a year or so. Then the money printers go brr to fix the crisis and inflation is worse than before.

[@johnnagle7702]

@FefeLeVrai deflation as meaning a decrease in the m2 not prices?

[@mr.g1758]

@@FefeLeVrai If the debt collapse is large enough they won't be able to print fast enough. I'm thinking a possible 1930's type deal.

[@francoissimmer5394]

les banques centrales a l achat fort !! 🤨

[@user-em3np4vr8c]

I wanted to know what Peter thought about confiscation of gold, Lyn Zang sas get collectables just in case! I was going to do that but i don't knowxnow, i will speak to my people in Australia, very happy with my stash coins worth Aus$4,000 now!!!!

[@browpetj]

This guy reminds me of david lin. Piracetam would allow this guy to verbalise concepts and ideas more efficiently and be a more effective interviewer. I can see he is recalling by referring to many different areas of the brain (see his eyes looking up and away to connections mind connections) piracetam enhances this greatly. Not sure if he is practicing illicing siccades for recall but that is a good start. Nice one!

[@browpetj]

There are screens, but they are likely not up in the visual field.

[@matthewmorgan7106]

Does Peter like Bitcoin ? It's not really clear -;)

[@geraldhowse8597]

I watch Peter Schiff show i dont need to watch someone regurgitating the Schiff Show.

[@slowride9994]

I am not convinced the petro-dollar is the only thing giving the dollar its dominance. It is also the whole euro-dollar system.

[@josephcarioggia9506]

I think the distrust of the Chinese government helps...

[@overseas_demogod]

When Peter had his show about 6 weeks ago and was laughing about the Barrick downgrade, Wow, he really sold me and I moved the entire portfolio. Big gains across the board on gold and silver miners and the Euro Pac Gold fund is up 15%.

[@ellaskins]

Schiff talking logic

[@chaddy-me-boy8299]

The dollar falling and eventually losing reserve status has to get past our military and the top 7 tech mkt cap companies. Those two hurdles allows the reserve flag planted. The way it shld be vs the way it is.

[@chaddy-me-boy8299]

How the economy collapses with the dollar falling and less spending on services and not enough manufacturing is the script, however, can American innovation outpace Gov inflation?

[@chaddy-me-boy8299]

At 16:15, 💯 ✍️

[@CommodityCulture]

Interesting question, I think we're in pretty unprecedented times and am very interested to see how it all plays out.

[@johnchieze530]

gold and silver futures are in a bubble

[@marialangley5528]

I agree. God knows why people would by a bitcoin etf when you can only take dollars when you sell it. Absolutely crazy. Still stacking gold and silver here. Crypto col

[@Dalshin]

very safe investment method..put your money in your pocket and sew it

[@chrispaul7849]

the thing people dont say is could BTC or any crip be a basis for backing currency?

[@kabuti2839]

just watch congress & senators & buy/sell what they do, cant lose.

[@joshuablanton5847]

I agree .. but how can we see what they buy 🤔

[@marialangley5528]

On Peters on bitcoin its vary volitile even at its high price. Gold especially is less volitile even at the prices today. Crypto as a whole is good to make returns and then add to your gold and silver. Crypto col.

[@dmitriy131]

Thank you❗ 👍 ☝Platinum - A Very Undervalued Metal Gold Platinum ratio 2,53 (XAU/XPT) 🤑 Platinum is scarcer than gold and has historically been considered more precious than its yellow counterpart. 🤔 Only 190 metric tonnes of platinum are mined each year compared to gold’s whopping 3,460 tonnes. To boot, gold is mined all over the world whereas the supply of platinum is concentrated to South Africa, with Russia a distant second. ETF Aberdeen Standard Physical Platinum Shares (PPLT) ETF GraniteShares Platinum Trust (PLTM)

[@Worldturnedupsidedown]

Has it ever been used as money?

[@superstar5123]

@@Worldturnedupsidedown yes

[@tallman369]

With sactions with Russia and S. Africa a BRICS member,I'd say Platnuim is good.

[@wasdwasdedsf]

whats the demand of platinum in comparison to gold

[@gwills9337]

If platinum ever recaptures a monetary premium, similar to how silver might, it would be extremely undervalued

[@LondonCrusader]

Every time someone says 'its not investment advice', an angel has their arms ripped off. You're not mainstream, you don't have to play their dumb games.

[@PaulB-gl1ix]

That line about angels is BS. Everyone knows in fact that s "kitten dies"...

[@fernandobanos7255]

Silver 50 percent, Bitcoin 50 percent

[@user-xq6hj2td3s]

Gold price boring us is now over😊

[@marceldekker2149]

Go to the roof Government can’t pay interest on debt Ho gone pay There is no money Debt go faster Every 100 days 1 trillion more debt

[@donaldduck926]

Time for SILVER to go full BITCOIN !!

[@donaldduck926]

Mind you the silver miners could organize their own halving if they were less stupid

[@goldeneggduck]

Gold never rises. Other stuff falls. US and Zimbabwe are looking more and more similar.

[@ZaneClarke-qo8vt]

You are off your head.

[@thunderbird3694]

Is gold $10,000 yet?

[@bver1149]

Same m.o.❤ All pedlars of pms. WHERE is dealer BID?❤ 2 way meaningful trading❤ Yall want credibility ? BUY and sell phizz metal❤

[@johnesmer5635]

Over 40+% Australia are on one or more of the 80+ different welfare payments.. A pack of cigarettes $60+

[@youknowmr11]

Bitcoin is the biggest ponzi ever.

[@jasonhaberl4848]

What up people 😊

[@maciejwarda1974]

Peter quit shilling mining stocks. They are shit!! Labor costs/energy/ inflation is sinking them. Only hold the physical gold/silver.

[@FefeLeVrai]

Exactly. Peter is wrong calling miners "leveraged gold". They've been massively underperforming the price of gold for the last 30 years. Buy derivatives on gold if you want leverage.

[@johnhenryreber2501]

Not sure why you say that. You must be someone who tried to buy some, then got disillusioned when they fell? Or maybe you don't buy them because you are on the AI bandwagon. I have some miners that are exploratory phase. Not producing yet. But they went down and yea I'm down big. But there are also some that I bought that went up 4,000$ since I bought them and this recent gold rally. You haven't heard Rick Rule say he bought exploration penny stock miners in the 70s to 80s bull market. His stock picks went from 40 cents to 40$ and made him millions. If you only want physical thats great. But miners will make you rich if you get some good picks. Peter knows that too. You think they suck because they are unloved. Nobody likes miners. They all love AI cause its technology and sexy like a new phone. People want new and exciting but nobody wants to invest in digging in the dirt. You will miss out on a great wealth opportunity. Because miners day in the sun as the hottest item is coming soon. Best wishes to you in your investments, but dont count out the miners as a leverage play on gold going up. So much inflation coming and possible debt crisis with US debt soon either.

[@xponeke2440]

And rent seekers sitting at home are convierntly omitted from Peters list. It's just those on welfare that are expecting something for nuthin'

[@jolly1039]

Why peter's voice sound different?

[@InBetweenRounds]

Digital food hahahaha that was hilarious 😂

[@alfonsoalfonso5254]

Quantum computer the next generation will destroy blockchain. If it hasn’t done it already.

[@MrAnderson3]

Love you Peter but please stop pushing your products 😴

[@timothyjohnson1511]

Try moving gold and bitcoin through hostile international borders. Let me know how that works out.

[@CommodityCulture]

Bitcoin you actually could pretty easily, you can actually just memorize a 12 to 24-word seed phrase and have absolutely nothing physical on you.

[@Fanimik]

Peter Schiff has been inaccurately predicting since 2008 that a crash is imminent, which is akin to saying that eventually everyone will die.”

[@pdel303]

Great comment "thieves are the middleman, before the govt" lol.

[@Giovanni6067]

When people say that BTC can be a substitute of gold, it just proves that they are extremely ignorant. Gold has physical and monetary properties. It also is something that is imbedded in the culture of billions of people around the globe in many ways. Can BTC do that?

[@MCP18796]

Yes.