Peter Schiff: Trump Kick-Starts Dedollarization

On his Thursday podcast, Peter lays out why the market that really matters right now isn’t the Dow or the NASDAQ but precious metals and the stocks that mine them. He argues that institutional money is quietly rotating into gold and silver miners because central bank policies and geopolitical shifts, like threats of taking over Greenland, are undermining the dollar’s reserve role. 

He starts by pointing out where the real action in the market was on Thursday, and why it matters more to long-term investors than headline indexes do:

And I’m not really talking about the Dow Jones or the NASDAQ because what’s going on there I think is really irrelevant to the bigger picture, which is what’s playing out in precious metals, in the dollar, and probably more significantly for my clients and me personally in gold and silver mining stocks. Because today I think intraday I really saw some major institutional flows coming in across the board into these mining stocks.

Peter ties the spike in miner flows to a single political event, arguing it served as a catalyst for short-term moves and for a broader reassessment of risk: